Stocks to watch: Nykaa, DMart, PVR Inox, Nestle India among shares in focus today
Indian Overseas Bank (IOB) announced that its shareholders have given the green light to a plan for raising up to ₹ 4,000 crore in equity capital through multiple channels, such as Qualified Institutional Placements (QIPs), rights issues, and employee stock schemes.
India's top cinema exhibitor aims to invest up to ₹ 400 crore to expand its network by adding 200 new screens over the next two years.
The company has been issued a show cause notice by the Central GST Commissionerate in Dehradun, citing alleged GST shortfalls related to a merged entity for the financial years 2018 to 2021.
The company posted a record-high mined metal production of 265 kilo tonnes for the first quarter, marking a 1% year-on-year increase.
Avenue Supermarts, the operator of the DMart retail chain, reported a 16% year-on-year increase in standalone revenue for the first quarter of FY26, reaching ₹ 15,932.12 crore.
Punjab National Bank (PNB) delivered a stable operational performance in the June quarter of FY26, with its global business growing by 11.6% year-on-year to reach ₹ 27.19 lakh crore.
RVNL has named Chandan Kumar Verma as its new Chief Financial Officer, with the appointment taking effect from July 2, 2025.
Coromandel International has received approval from the Competition Commission of India (CCI) to acquire 10.69 crore shares, representing a 53.13% stake in NACL Industries.
The company's planned demerger has encountered a regulatory setback, as the Ministry of Petroleum and Natural Gas raised objections during the NCLT hearing held on July 2.
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Mint
2 days ago
- Mint
Best stocks to buy today, 23 July, recommended by NeoTrader's Raja Venkatraman
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Time of India
2 days ago
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Indian Overseas Bank's Hong Kong branch fined ₹9cr
Indian Overseas Bank (Image only for representation) CHENNAI: The Hong Kong Monetary Authority has imposed a penalty of HK$8.5 million (Rs 9.3 crore) on Indian Overseas Bank, Hong Kong branch (IOBHK) for contraventions of anti-money laundering and counter-terrorist financing ordinance (AMLO). It has pulled up the lender for "significant failure" to mitigate risks. Apart from IOB, the authority has levied penalties against the Bank of Communications (Hong Kong) and Bank of Communications Co. Hong Kong branch for HK$ 4 million and HK$ 3.7 million, respectively. A senior IOB official told TOI that there was no fraud or any anti-money laundering and counter-financing of terrorism violations. It pertains to issues over handling alerts generated by the software, which the bank is addressing by putting additional checks in place. "IOBHK has no history of disciplinary record regarding AMLO. It was only a matter of putting procedures in place," the official said. The development follows an investigation by the HKMA, in which the authority has charged that IOBHK has contravened three specified provisions of AMLO between May 2021 and Jan 2024. "IOBHK's management oversight of anti-money laundering and counter-financing of terrorism (AML/CFT) controls was inadequate. The senior management did not have a clear leadership role and responsibility over AML/CFT matters. They did not adequately discuss key AML/CFT control issues at relevant committee meetings and failed to appoint a competent person with sufficient AML/CFT knowledge as the Compliance Officer. As a result, the transaction alerts generated by IOBHK's transaction monitoring system were not properly followed up," the HKMA statement said. IOB in a statement to the exchange said "The bank and its branch operating at Hong Kong have taken necessary preventive actions to avoid such recurrence in future and further strengthen its internal processes in this regard. The impact of the said action on the bank is not material." Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
3 days ago
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The Estée Lauder Companies' New Incubation Ventures Launches Fourth Edition of BEAUTY&YOU India
Mumbai, Maharashtra, India – Business Wire India The Estée Lauder Companies Inc. (NYSE: EL) (ELC) today announced the launch of the fourth edition of BEAUTY&YOU India, an initiative designed to discover and propel the next generation of India-focused beauty entrepreneurs. Created by New Incubation Ventures, the company's early-stage investment and incubation arm, the program offers financial support and industry expertise to entrepreneurs shaping the future of skin care, makeup, hair care, and fragrance in India. Under the theme Beauty Frontiers, the program celebrates bold ideas and the emerging talent reimagining the future of beauty in India. Applications are now open through August 24, 2025, at Nykaa, the pioneer of India's beauty revolution, returns this year as lead partner, reaffirming its role as the driving force behind the country's evolving beauty narrative. Over the past decade, Nykaa has redefined how India discovers, experiences, and embraces beauty, while playing a pivotal role in spotlighting Indian beauty on the global stage. This year's program also features Startup India following the launch of its partnership with ELC through a Memorandum of Understanding with the Government of India's Department for Promotion of Industry and Internal Trade (DPIIT) – the first-of-its-kind between a global beauty company and Startup India. The partnership reflects a shared commitment to supporting Indian entrepreneurs and women-founded startups. Advancing Innovation & Entrepreneurship in India Nadine Graf, President, Europe, UK & Ireland, and Emerging Markets, The Estée Lauder Companies, said: 'India continues to inspire—not only as a dynamic beauty market, but as a global force for innovation and bold entrepreneurship. Through BEAUTY&YOU India, we have seen firsthand how ideas rooted in culture and courage can shape the future of beauty. This year, I am especially proud that the program will launch a new Visionary Women's Award—a tribute to the ambition, ingenuity, and leadership of women founders. Supporting them is more than an opportunity: it's a responsibility we embrace with purpose.' Shri Sanjiv Singh, Joint Secretary, DPIIT, said: 'Our collaboration with The Estée Lauder Companies underscores the role of public-private partnerships in advancing innovation and strengthening India's startup ecosystem. Building on the program's success, we are pleased to extend Startup India's support to BEAUTY&YOU India 2025 and help create new opportunities for emerging entrepreneurs.' Shaping India's Beauty Ecosystem Falguni Nayar, Executive Chairperson, MD & CEO of Nykaa, commented: 'At Nykaa, we've spent over a decade shaping India's beauty ecosystem, from discovery to distribution, and from consumers to creators. As lead partner for BEAUTY&YOU India 2025, we are proud to extend that ecosystem to early-stage founders through a program designed to transform bold ideas into scalable, future-facing brands. In collaboration with The Estée Lauder Companies, this initiative offers the resources, network, and credibility needed to empower the next generation of beauty entrepreneurs.' Rohan Vaziralli, General Manager, The Estée Lauder Companies, India, added: 'BEAUTY&YOU India reflects our ambition to not just participate in, but actively shape the future of beauty in India. With the support of Startup India and DPIIT, this platform has become a national engine for beauty entrepreneurship—grounded in cultural insight, commercial potential, and inclusive innovation.' Expanded Prize Program & New Visionary Women's Award Winners will receive financial support from a prize pool of up to $500,000 and earn recognition across four award categories: GROW : Best in-market beauty brands. : Best in-market beauty brands. IMAGINE : Best pre-launch beauty concepts. : Best pre-launch beauty concepts. BREAKTHROUGH : Leading innovations in beauty, such as new product technologies and business model innovations such as ingredients, AI, and sustainability. : Leading innovations in beauty, such as new product technologies and business model innovations such as ingredients, AI, and sustainability. VISIONARY WOMEN'S AWARD: Inspired by ELC's legacy as a beauty company founded by a trailblazing woman, this award, new in 2025 and presented with Startup India, will recognize the innovation and impact of outstanding women entrepreneurs. Along with monetary awards, winners receive support and promotion, including: One-on-one mentorship from global beauty and business leaders. from global beauty and business leaders. Brand-building and distribution support through Nykaa's powerful ecosystem, spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. support through Nykaa's powerful ecosystem, spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. National visibility and strategic opportunities through Startup India, including participation in Startup Mahakumbh, the world's largest startup event. BEAUTY&YOU India 2025 seeks applicants whose deep cultural insights and use of new technologies or formulations meet the evolving needs of Indian beauty consumers. Since its launch in 2022, the program has become a powerful platform—receiving more than 1,500 applications from 150+ cities in India and around the world, with the majority from women entrepreneurs. Finalists for this year's program will be announced in September and invited to present their concepts to a panel of industry experts this October in Mumbai. The Estée Lauder Companies is a leading prestige beauty company in India. Over the past 20 years, ELC has launched 14 brands locally across makeup, skin care, hair care, and fragrance. The company is committed to supporting rising brands, businesses, and talent in India through innovative programs and its strategic investment in Mountain Valley Springs India Private Limited, the parent company of Forest Essentials, India's foremost luxury Ayurvedic skin care brand. Through BEAUTY&YOU India, ELC, and partners including Nykaa and Startup India, continues to champion innovation, elevate entrepreneurship, and shape the future of beauty. Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
