Pushp Brand has officially secured approval from Sebi for its initial public offering, with existing shareholders set to sell up to 74.45 lakh equity shares. Promoters and other investors are engaged in the Offer for Sale. Founded in 1974, the company operates under the renowned Pushp and Munimji brands and is gearing up to introduce Pushp Kadak Chai in the second quarter of FY27.
On Thursday, bond yields in the euro zone experienced a modest uptick. Meanwhile, oil prices rebounded slightly from their recent declines, impacting overall market sentiment. Diplomatic negotiations surrounding the Strait of Hormuz are ongoing, despite mixed signals from involved parties. Traders appear to anticipate minimal additional monetary tightening from the European Central Bank. Concerns over inflation and spending have pushed bond yields to levels not seen in several years.
Microsoft co-founder Bill Gates has warned that the AI transition could become one of the most turbulent periods in history, with the technology potentially widening inequality. He called for greater preparation for its social, political and economic impact and said he would support credible efforts to slow AI development globally.
Shein is expected to price its Hong Kong IPO near HK$48.56 per share, raising about $1.7 billion at a $26.5 billion valuation. The listing marks a major milestone after years of regulatory challenges. Despite strong investor demand, Shein faces slower growth, shrinking margins, higher trade costs and increasing competition globally.
German auto parts maker Mahle GmbH is revisiting plans to list its Indian business in Mumbai, according to people familiar with the matter. The potential IPO could raise around $300 million to $400 million, with the company expected to appoint advisers and begin preparations soon. Mahle had previously considered an India listing in 2024 but did not proceed.
ICICI Prudential AMC promoter Prudential Corporation plans to sell up to 2% stake, worth over Rs 3,185 crore, to meet minimum public shareholding requirements. The sale will reduce promoter holding to 85.6%. Shares of ICICI Prudential AMC have gained over 22% in 2026, while Q1 net profit rose 23% year-on-year to Rs 965 crore.
The final day of bidding for the Hy-Tech Engineers IPO has arrived, showcasing strong investor enthusiasm. Retail participation has surged, with subscriptions exceeding sixty times for their designated share. The IPO is projected to begin trading on September 1, 2026, post-allotment.
High net worth investors continue to hold substantial positions across some of India’s leading listed companies.
Lupin shares fell after Citi downgraded the stock to ‘Sell’ and cut its target price to Rs 2,050. The brokerage expects weaker US base-business sales, margin pressure and limited benefits from new products. Citi also reduced FY27 EPS estimates by 14%. Lupin’s technical indicators remain bearish despite its oversold RSI reading.
China’s mainland stocks rose on Thursday, led by AI, semiconductor and hardware companies after Nvidia delivered an upbeat revenue outlook, reinforcing expectations of strong AI infrastructure demand. The CSI300 and Shanghai Composite gained, while Hong Kong shares traded lower. Gold miners and non-ferrous metal stocks also extended their recent rally.
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