Bain-backed Dhoot Transmission files confidential draft paper for potential $250 million IPO

MUMBAI: Bain Capital-backed auto components maker Dhoot Transmission Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi) under the confidential pre-filing route, according to a public announcement in local newspapers on Tuesday. The Aurangabad-based company

Realty to get indirect push from Budget proposals

Companies like Anant Raj, Lodha, L&T Realty, DLF, Panchshil Realty, Rustomjee, the Hiranandani group, Mindspace Reit, and Adani Realty have entered the segment in recent years. Photograph: Kind courtesy CtrlSDatacenters/facebook.com Key Points Developers will view data centres as long-term, stable-yield assets

Strong demand boosts January sales of automakers

Utility vehicles — consisting Grand Vitara, Brezza, Ertiga, and XL6 — however, rose to 75,609 units last month as against 65,093 units a year ago. Photograph: Hamad I Mohammed/Reuters Key Points SUV Victoris achieved a milestone of 50,000 units in

FPIs withdraw Rs 36,000 cr in Jan amid global uncertainties

This continued selling pressure by FPIs reflects a combination of global and domestic drivers impacting foreign investor sentiment. Illustration: Dominic Xavier/Rediff Key Points The weakening rupee has also magnified the impact of outflows The key reasons for the FPIs sell-off

Apple hits record 28% value share in India

The success of the iPhone 16 series, coupled with aggressive financing schemes and trade-in offers, has pushed the Cupertino-based company to its highest-ever value share in the country. Photograph: Francis Mascarenhas/Reuters Key Points iPhone 16 ranked as the top-shipped model

Thermax Q3 Results: Margin expands, profit beats estimates as order book strengthen

Thermax Ltd delivered a strong operational performance in the December quarter, with margins expanding and profit comfortably beating street estimates, even as revenue came in slightly below expectations. Net profit for the quarter stood at ₹205 crore, significantly higher than

PB Fintech board to consider QIP to fund inorganic growth

PB Fintech Ltd, the parent of Policybazaar, said on Monday that its board will meet on 5 February to consider raising capital through a qualified institutional placement (QIP) to fund inorganic growth opportunities. In an exchange filing, it said the

Budget 2026: 11 Items That Got Cheaper Post-Budget

Finance Minister Nirmala Sitharaman unveiled the Union Budget for the 2026-2027 financial year, placing strong emphasis on capital investment and targeted incentives across priority sectors. Within the Budget proposals, the government outlined steps to bring down the cost of leather

Budget 2026: ‘Buying Opportunity, Not A Regret Opportunity’

‘For those in for the long haul, this is a God-given opportunity.’‘Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.’ Illustration: Dominic Xavier/Rediff As Finance Minister Nirmala Sitharaman presented India’s Union Budget 2026-2027 on

Infographics: Union Budget 2026 at a glance

Finance Minister Nirmala Sitharaman on Sunday presented a Rs 53.47 lakh crore Budget for 2026-27, up 7.7 per cent from the current financial year ending March 31. IMAGE: Union Finance Minister Nirmala Sitharaman addresses the post-budget press conference in New