The board of Stallion India Fluorochemicals has approved a rights issue to raise up to ₹364 crore at ₹99 a share. The capital raising exercise will offer existing shareholders the opportunity to subscribe to additional shares in proportion to their current holdings, the company said in a release to the stock exchanges.
Federal Bank Ltd said RBI has allowed Blackstone subsidiary, Asia II Topco XIII Pte Ltd, to acquire up to 9.99 per cent of the bank’s paid-up share capital or voting rights. Last year in December, the Competition Commission of India had cleared US-based Blackstone’s proposal to acquire 9.99 per cent stake through warrants in Federal Bank.
Fitch Ratings has revised the outlook on Axis Bank Ltd’s Long-Term Issuer Default Rating (IDR) to Positive from Stable, and affirmed the IDR at ‘BB+’. Fitch has also upgraded the bank’s Viability Rating (VR) to ‘bb+’, from ‘bb’, and affirmed the Government Support Rating (GSR) at ‘bb+’.
National Securities Depository Ltd will remain in focus due to a technical glitch in its system. NSDL was expecting all delayed equity trades to be settled by Thursday night after a technical network disruption affected inter-depository settlement flows earlier this week, according to a businessline report. The issue was caused by instability in NSDL’s network systems, which temporarily disrupted connectivity with Central Depository Services (India) Ltd. (CDSL), a key link used for transferring securities across depository platforms. Inter-depository functions are a routine, but critical part of India’s post-trade market infrastructure, used when securities move across different depository platforms.
Silver/Gold ETFs will remain in focus as metal prices fell sharply and remained volatile. Silver spot slumped 9 per cent below $65 a dollar. Gold prices fell over one per cent to $4,715.
SJVN on Thursday said it has started electricity supply from its 70 megawatt Dhubri solar power plant in Assam. In a statement, SJVN said the project has been executed through wholly-owned subsidiary SJVN Green Energy Limited (SGEL). The ₹367.44-crore 70 MW project has been developed on 330 acres of lease-based land.
KRBL Ltd has launched a low glycemic index rice variant under its health-oriented Uplife brand. India Gate Uplife Lite Everyday Rice targets consumers seeking blood sugar management and sustained energy levels, marking the latest expansion of the Uplife portfolio launched last year, the company said.
Published on February 6, 2026