Avalon Technologies saw three of its promoter entities divest a collective 6% stake for a substantial Rs 871 crore via bulk deals, bringing their ownership down from 44.39% to 38.4%. In this strategic move, Kotak Mahindra Mutual Fund bought 24.01 lakh shares priced around Rs 2,171. The deal was struck with share prices fluctuating between Rs 2,171.03 and Rs 2,173.35, while Avalon Technologies closed slightly lower at Rs 2,294.
Geojit Financial Services will transition leadership on October 1, 2026, with founder C.J. George becoming Executive Chairman and Jones George taking over as Managing Director. The move forms part of the company’s succession plan and technology-led growth strategy.
BofA Securities initiated coverage on Trent with a Buy rating and Rs 3,075 price target, citing its differentiated retail model, Zudio and Westside growth, integrated technology, supply chain capabilities and long-term market share opportunities.
Kotak AMC’s Nilesh Shah says public markets can offer opportunities after asset bubbles burst, as distressed valuations emerge. Multiples’ Renuka Ramnath highlights private markets’ greater control, while both stress diversification, liquidity and risk management across investment portfolios.
Transport Corporation of India will buy back up to 15.63 lakh shares for Rs 150 crore at Rs 960 each. The tender offer has October 9, 2026 as its record date, with 15% reserved for eligible small shareholders.
Smartworks Coworking Spaces Ltd has successfully secured new leasing contracts with corporate clients in various cities. The company projects a remarkable Rs 305 crore in rental income over the upcoming five years. Notably, Smartworks focuses on providing managed office spaces tailored for mid-to-large size enterprises. Details regarding the total office space leased were not included in the announcement.
Vera Vita Living LLP is set to invest Rs 250 crore in a groundbreaking housing initiative dedicated to senior citizens. The project, which encompasses 256 flats on 2.5 acres near the Kandlakoya reserve forest, addresses the growing need for senior living options in South India, especially in Hyderabad. The company is also exploring expansion into new cities, reflecting shifts in lifestyle and priorities among modern elders.
Hospital stocks came under pressure after the Supreme Court raised concerns over steep mark-ups on medicines sold through corporate hospitals.
Alphabet stock, Google, EU regulations, Digital Markets Act, AI services, Android, search data, competition, regulatory pressure, privacy concerns, Google appeal, investor concerns, AI growth, market uncertainty
Sebi Chairman Tuhin Kanta Pandey said Indian markets remain resilient despite once-in-a-decade global headwinds, including elevated oil prices and bond yields, citing the country’s strong macroeconomic foundation.
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