Markets witnessed a sharp risk-off session on Monday, with benchmark indices ending lower amid weak global cues and renewed geopolitical concerns. Technically, the Nifty has moved closer to the lower band of its declining channel near 23,000. While the index managed to defend this level on a closing basis, analysts say the overall trend remains weak and vulnerable to further downside toward the 22,500–22,800 zone if support is decisively breached.
The government on Monday announced an offer for sale (OFS) in state-run NLC India, seeking to divest up to 3% of its stake through a two-day share sale process. The OFS comprises a base offer of 2% equity, equivalent to 2.78 crore shares, along with a greenshoe option of another 1% stake, or 1.39 crore shares, in case of strong investor demand.
HCL Tech announced the launch of an AI Innovation Zone in collaboration with Google Cloud. Located in Santa Clara, California, the AI Innovation Zone will enable global enterprises to scale AI applications across agentic, kinetic and physical AI.
IRCTC
A severe shortage of commercial liquefied petroleum gas (LPG) cylinders has forced Indian Railway Catering and Tourism Corporation (IRCTC) to resume cooking meals inside moving trains, a practice it had phased out a few years ago, but this time on electric induction stoves.
IGL
Kumar Shanker has taken over as managing director of Indraprastha Gas, the country's largest city gas distributor, replacing Kamal Kishore Chatiwal, who has returned to GAIL. A chemical engineer from BITS Pilani, Shanker has spent more than three decades at GAIL in various roles.
In a relief to telecom firms Bharti Airtel and Vodafone Idea, the Bombay High Court on Monday quashed the Centre's 2012 decision to impose a one-time spectrum charge for spectrum held above 6.2 MHz from 2008 onwards, questioning its source of power to make such a call.
