Flipkart’s $50M Buyback: IPO Signal?
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🗞️ Inox Clean Energy Files for ₹6,000 Cr IPO
Inox Clean Energy has filed its DRHP with SEBI, aiming to raise up to ₹6,000 crore through its upcoming IPO — signalling investor interest in the renewable sector.
💬 Expert Take:
“Large clean energy IPOs show how investors are chasing India’s green transition story.”
— Arvind Shah, Energy Analyst, GreenCap Advisors
🗞️ HUL Names Priya Nair as First Woman CEO & MD
Hindustan Unilever appoints Priya Nair as its first woman CEO & MD — a move seen as a milestone for leadership diversity in India’s FMCG space.
🗞️ Net Direct Tax Collections Drop 1.34%
Government’s net direct tax mop-up fell 1.34% year-on-year to ₹5.63 trillion till July 10 due to higher refunds issued this fiscal.
🗞️ IT Dept Releases ITR-2 & ITR-3 Excel Utilities
Income Tax Department has rolled out Excel utilities for ITR-2 & ITR-3 for AY 2025–26, easing filing for professionals and HNIs.
🗞️ Flipkart Offers $50 Million Buyback to Employees Ahead of IPO
Flipkart has announced a $50 million stock buyback for staff before its anticipated IPO listing.
💬 Expert Take:
“Pre-IPO buybacks boost morale & retain top talent ahead of big listings.”
— Kriti Bansal, Startup HR Advisor
🗞️ Life Insurance Policy Sales Drop 10% in Q1
Life insurance policy sales fell 10% to 4.8 million in Q1 FY26, signalling slower growth in the sector.
🗞️ Zee Shareholders Reject ₹2,237 Cr Promoter Funding Plan
Zee Entertainment shareholders rejected a plan to raise ₹2,237 crore from promoters, adding uncertainty to its funding roadmap.
📊 Market Updates
📉 Sensex: 82,500.47 ▼ −689.81 (−0.83%)
📉 Nifty 50: 25,149.85 ▼ −205.40 (−0.81%)
💵 USD/INR: ₹85.80 ▼ −0.16%
🛢️ Brent Crude: $68.83 ▲ +0.28%
🪙 Gold (24K) (MCX): ₹97,249/10g ▲ +0.58%