< -5%

-5% to -3%

Rossell Techsys

Taneja Aerospac

C2C Advanced

Hindustan Aeron

Axiscades Tech

MTAR

Data Patterns

Apollo Micro Sy

Bharat Elec

NIBE

Bharat Dynamics

Taal Tech

-3% to 0%

Azad Eng

Jaykay Ent

Sika Interplant

0% to 3%

Unimech Aerospa

3% to 5%

Stocks in Focus on Jan 14: ICICI Lombard, Tata Elxsi, Just Dial, Interarch Building Solutions, NLC India, Responsive Industries,Victory Electric Vehicles International, Kotak Mahindra Bank

* Stocks in Focus on Jan 14: ICICI Lombard, Tata Elxsi, Just Dial, Interarch Building Solutions, NLC India, Responsive Industries,Victory Electric Vehicles International, Kotak Mahindra Bank

shorts/business/stocks-to-watch-today-kotak-mahindra-bank-icici-lombard-tata-elxsi-interarch-building-nlc-india-5paisa-capital-in-focus-on-14-january

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Infosys, HDFC AMC, ICICI Prudential AMC, Union Bank of India, Billionbrains Garage Ventures (Groww), Anand Rathi Share and Stock Brokers, Aditya Birla Money, Den Networks, HDB Financial Services, Indian Overseas Bank, Mangalore Refinery and Petrochemicals, Network 18 Media &amp; Investments, Plastiblends India, Indosolar, and Waaree Renewable Technologies will announce their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results on January 15</a>

Jio Financial Services, HDFC Life Insurance Company, L&amp;T Technology Services, 360 ONE WAM, Alok Industries, Angel One, DB Corp, Delta Corp, Emmvee Photovoltaic Power, Fedbank Financial Services, Mangalam Drugs &amp; Organics, Nelco, Nuvoco Vistas Corporation, Smartworks Coworking Spaces, South Indian Bank, Swaraj Engines, and Sterling and Wilson Renewable Energy will release their quarterly earnings on January 15.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/icicilombardgeneralinsurancecompany/ILG" target="_blank">ICICI Lombard General Insurance Company</a> Q3 (YoY)

Profit falls 9% to Rs 658.8 crore Vs Rs 724.4 crore

Total income grows 12.4% to Rs 6,610.2 crore Vs Rs 5,882.8 crore

Net premium earned increases 12.7% to Rs 5,685.3 crore Vs Rs 5,045.2 crore

Operating profit drops 16.7% to Rs 571.1 crore Vs Rs 685.4 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataelxsi/TE" target="_blank">Tata Elxsi</a> Q3 (YoY)

Profit sinks 45.3% to Rs 108.9 crore Vs Rs 199 crore

Revenue rises 1.5% to Rs 953.5 crore Vs Rs 939.2 crore

Exceptional loss stands at Rs 95.7 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/justdial/JD" target="_blank">Just Dial</a> Q3 (YoY)

Profit falls 10.2% to Rs 117.9 crore Vs Rs 131.3 crore

Revenue increases 6.4% to Rs 305.7 crore Vs Rs 287.3 crore

Exceptional loss stands at Rs 21.08 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/5paisacapital/C98" target="_blank">5paisa Capital</a> Q3 (Consolidated YoY)

Profit drops 24% to Rs 12.3 crore Vs Rs 16.2 crore

Revenue declines 7% to Rs 79.3 crore Vs Rs 85.3 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/interarchbuildingsolutions/IBP01" target="_blank">Interarch Building Solutions</a>

The company has received an order worth Rs 130 crore for the manufacturing of a pre-engineered steel building system.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/nlcindia/NLC" target="_blank">NLC India</a>

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government for the development of large-scale renewable energy projects in the state. These include solar, wind, hybrid, and battery energy storage projects, with an investment potential of Rs 25,000 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/karnatakabank/KB04" target="_blank">Karnataka Bank</a>

The bank has enabled a facility for the payment of Karnataka government’s Khajane-2 e-receipts through its internet banking platform, providing a secure, real-time, and paperless receipt system.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/thomascookindia/TCI" target="_blank">Thomas Cook India</a>

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government to boost and promote Gujarat’s domestic tourism.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/responsiveindustries/SH10" target="_blank">Responsive Industries</a>

Bhavneet Singh Chadha has resigned as the Chief Financial Officer (CFO) of the company, effective January 12, due to personal reasons. The company is in the process of appointing a suitable candidate for the position of CFO and Key Managerial Personnel (KMP).

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/gabiontechnologiesindialtd/GTI01" target="_blank">Gabion Technologies India</a>

Alternative investment fund Vorton Opportunities Fund was the largest buyer, acquiring an additional 4.97 lakh shares (equivalent to 3.66 percent of the paid-up equity) at Rs 89 per share, amounting to Rs 4.42 crore. Vorton already held a 1.01 percent stake (1.37 lakh shares) in Gabion Technologies.

Further, Royal Alpha Growth-backed Royal Alpha Opportunity Fund acquired 99,200 equity shares in Gabion at Rs 89 per share for Rs 88.28 lakh. Kamal Kumar Dugar and Co also bought the same number of shares at Rs 84.55 per share for Rs 83.87 lakh.

Additionally, Nexus Equity Growth Fund Scheme-1 picked up 1.48 lakh shares in Gabion at Rs 84.55 per share for Rs 1.25 crore.

SME Listing

Victory Electric Vehicles International
Yajur Fibres

Stocks Trade Ex-Date for Split

Kotak Mahindra Bank
Ajmera Realty &amp; Infra India

Stocks in F&amp;O ban

Sammaan Capital
SAIL

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

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Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Stocks to Watch Today: Kotak Mahindra Bank, ICICI Lombard, Tata Elxsi, Interarch Building, NLC India, 5paisa Capital in focus on 14 January

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Infosys, HDFC AMC, ICICI Prudential AMC, Union Bank of India, Billionbrains Garage Ventures (Groww), Anand Rathi Share and Stock Brokers, Aditya Birla Money, Den Networks, HDB Financial Services, Indian Overseas Bank, Mangalore Refinery and Petrochemicals, Network 18 Media &amp;amp; Investments, Plastiblends India, Indosolar, and Waaree Renewable Technologies will announce their quarterly earnings today.

Results on January 15

Jio Financial Services, HDFC Life Insurance Company, L&amp;amp;T Technology Services, 360 ONE WAM, Alok Industries, Angel One, DB Corp, Delta Corp, Emmvee Photovoltaic Power, Fedbank Financial Services, Mangalam Drugs &amp;amp; Organics, Nelco, Nuvoco Vistas Corporation, Smartworks Coworking Spaces, South Indian Bank, Swaraj Engines, and Sterling and Wilson Renewable Energy will release their quarterly earnings on January 15.

Quarterly Earnings

ICICI Lombard General Insurance Company Q3 (YoY)

Profit falls 9% to Rs 658.8 crore Vs Rs 724.4 crore

Total income grows 12.4% to Rs 6,610.2 crore Vs Rs 5,882.8 crore

Net premium earned increases 12.7% to Rs 5,685.3 crore Vs Rs 5,045.2 crore

Operating profit drops 16.7% to Rs 571.1 crore Vs Rs 685.4 crore

Tata Elxsi Q3 (YoY)

Profit sinks 45.3% to Rs 108.9 crore Vs Rs 199 crore

Revenue rises 1.5% to Rs 953.5 crore Vs Rs 939.2 crore

Exceptional loss stands at Rs 95.7 crore Vs Nil

Just Dial Q3 (YoY)

Profit falls 10.2% to Rs 117.9 crore Vs Rs 131.3 crore

Revenue increases 6.4% to Rs 305.7 crore Vs Rs 287.3 crore

Exceptional loss stands at Rs 21.08 crore Vs Nil

5paisa Capital Q3 (Consolidated YoY)

Profit drops 24% to Rs 12.3 crore Vs Rs 16.2 crore

Revenue declines 7% to Rs 79.3 crore Vs Rs 85.3 crore

Stocks to Watch

Interarch Building Solutions

The company has received an order worth Rs 130 crore for the manufacturing of a pre-engineered steel building system.

NLC India

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government for the development of large-scale renewable energy projects in the state. These include solar, wind, hybrid, and battery energy storage projects, with an investment potential of Rs 25,000 crore.

Karnataka Bank

The bank has enabled a facility for the payment of Karnataka government’s Khajane-2 e-receipts through its internet banking platform, providing a secure, real-time, and paperless receipt system.

Thomas Cook India

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government to boost and promote Gujarat’s domestic tourism.

Responsive Industries

Bhavneet Singh Chadha has resigned as the Chief Financial Officer (CFO) of the company, effective January 12, due to personal reasons. The company is in the process of appointing a suitable candidate for the position of CFO and Key Managerial Personnel (KMP).

Bulk Deals

Gabion Technologies India

Alternative investment fund Vorton Opportunities Fund was the largest buyer, acquiring an additional 4.97 lakh shares (equivalent to 3.66 percent of the paid-up equity) at Rs 89 per share, amounting to Rs 4.42 crore. Vorton already held a 1.01 percent stake (1.37 lakh shares) in Gabion Technologies.

Further, Royal Alpha Growth-backed Royal Alpha Opportunity Fund acquired 99,200 equity shares in Gabion at Rs 89 per share for Rs 88.28 lakh. Kamal Kumar Dugar and Co also bought the same number of shares at Rs 84.55 per share for Rs 83.87 lakh.

Additionally, Nexus Equity Growth Fund Scheme-1 picked up 1.48 lakh shares in Gabion at Rs 84.55 per share for Rs 1.25 crore.

SME Listing

Victory Electric Vehicles International
Yajur Fibres

Stocks Trade Ex-Date for Split

Kotak Mahindra Bank
Ajmera Realty &amp;amp; Infra India

Stocks in F&amp;amp;O ban

Sammaan Capital
SAIL

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Royal Alpha Growth, Vorton Capital among 4 investors buy over 6% stake in Gabion Technologies, Arton Global picks up over 1% stake in Tarmat

* Royal Alpha Growth, Vorton Capital among 4 investors buy over 6% stake in Gabion Technologies
* Arton Global picks up over 1% stake in Tarmat

shorts/business/royal-alpha-growth-vorton-capital-among-4-investors-acquire-over-6-stake-in-gabion-technologies-on-its-market-debut

* Royal Alpha Growth, Vorton Capital among 4 investors buy over 6% stake in Gabion Technologies
* Arton Global picks up over 1% stake in Tarmat

Royal Alpha Growth, and Vorton Capital are among four investors who acquired over 6 percent equity stake in Gabion Technologies India, the steel wire mesh gabions maker, via open market transactions on its market debut i.e. January 13.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/gabiontechnologiesindialtd/GTI01">Gabion Technologies</a> shares rallied 5 percent on its first trading day, closing at Rs 93.41 on the BSE after hitting an intraday high of Rs 93.45 and low of Rs 84.55.

Among four investors, alternative investment fund Vorton Opportunities Fund, managed by asset management company Vorton Capital, was the largest buyer, acquiring additional 4.97 lakh shares (equivalent to 3.66 percent of paid-up equity) at Rs 89 per share for Rs 4.42 crore.

Vorton already held 1.01 percent stake (1.37 lakh shares) in Gabion Technologies that manufactures steel wire mesh gabions and provides services and technology in the fields of geo-systems, geotechnical engineering and ground improvement techniques. These shares were bought by Vorton through company's IPO anchor book on January 5.

The Gabion Technologies Rs 29-crore IPO attracted robust demand from investors, closing with more than 768 times subscription on January 8.

Further, Royal Alpha Growth-backed Royal Alpha Opportunity Fund has acquired 99,200 equity shares in Gabion at Rs 89 per share for Rs 88.28 lakh, and Kamal Kumar Dugar and Co also bought same number of shares at Rs 84.55 per share for Rs 83.87 lakh.

Nexus Equity Growth Fund SCH-1 picked up 1.48 lakh shares in Gabion at Rs 84.55 per share for Rs 1.25 crore.

Meanwhile, steel supplier Arton Global has bought 2.46 lakh shares (1.02 percent stake) in construction engineering company Tarmat at Rs 52.25 per share for Rs 1.28 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/tarmat/RT06">Tarmat</a> shares saw significant buying interest on Tuesday, soaring 13.8 percent - the biggest single-day rally since July 2025, to close at Rs 54.03 amid high volumes on the NSE.

Royal Alpha Growth, Vorton Capital among 4 investors acquire over 6% stake in Gabion Technologies on its market debut

Royal Alpha Growth, and Vorton Capital are among four investors who acquired over 6 percent equity stake in Gabion Technologies India, the steel wire mesh gabions maker, via open market transactions on its market debut i.e. January 13.

Gabion Technologies shares rallied 5 percent on its first trading day, closing at Rs 93.41 on the BSE after hitting an intraday high of Rs 93.45 and low of Rs 84.55.

Among four investors, alternative investment fund Vorton Opportunities Fund, managed by asset management company Vorton Capital, was the largest buyer, acquiring additional 4.97 lakh shares (equivalent to 3.66 percent of paid-up equity) at Rs 89 per share for Rs 4.42 crore.

Vorton already held 1.01 percent stake (1.37 lakh shares) in Gabion Technologies that manufactures steel wire mesh gabions and provides services and technology in the fields of geo-systems, geotechnical engineering and ground improvement techniques. These shares were bought by Vorton through company's IPO anchor book on January 5.

The Gabion Technologies Rs 29-crore IPO attracted robust demand from investors, closing with more than 768 times subscription on January 8.

Further, Royal Alpha Growth-backed Royal Alpha Opportunity Fund has acquired 99,200 equity shares in Gabion at Rs 89 per share for Rs 88.28 lakh, and Kamal Kumar Dugar and Co also bought same number of shares at Rs 84.55 per share for Rs 83.87 lakh.

Nexus Equity Growth Fund SCH-1 picked up 1.48 lakh shares in Gabion at Rs 84.55 per share for Rs 1.25 crore.

Meanwhile, steel supplier Arton Global has bought 2.46 lakh shares (1.02 percent stake) in construction engineering company Tarmat at Rs 52.25 per share for Rs 1.28 crore.

Tarmat shares saw significant buying interest on Tuesday, soaring 13.8 percent - the biggest single-day rally since July 2025, to close at Rs 54.03 amid high volumes on the NSE.

Cipla shares drop 2% after US FDA approves rival's generic Advair inhaler., Aurobindo Pharma's Lannett acquisition may raise US revenue by $30-40 million, Cipla seeks FDA approval for generic Advair, may add $50M by FY27.

* Cipla shares drop 2% after US FDA approves rival's generic Advair inhaler.
* Aurobindo Pharma's Lannett acquisition may raise US revenue by $30-40 million
* Cipla seeks FDA approval for generic Advair, may add $50M by FY27.

Cipla shares fell nearly 2% after the US FDA approved rival Aurobindo Pharma's generic Advair inhaler, seen as a marginal negative for Cipla. Citi expects Cipla to get its own approval soon, with Advair potentially adding $50 million to US revenue by FY27.

shorts/business/cipla-shares-fall-up-to-2-as-citi-says-us-fda-nod-for-generic-advair-could-help-aurobindo-pharma

* Cipla shares drop 2% after US FDA approves rival's generic Advair inhaler.
* Aurobindo Pharma's Lannett acquisition may raise US revenue by $30-40 million
* Cipla seeks FDA approval for generic Advair, may add $50M by FY27.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/cipla/C">Cipla</a> dropped nearly 2 percent to its day's high on January 13 after the US FDA granted its final approval to rival Aurobindo Pharma for a generic version of the GSK's Advair inhalers. Citi called the development a "marginal negative" for Cipla.

The shares of the pharma major dropped to a nine-month low of Rs 1,436.60 apiece, before recovering some losses to close at Rs 1,448 apiece.
<h3>US FDA approves Lannett's generic Advair inhaler version:</h3>
Respirent Pharmaceuticals and Lannett have received final approval from the US Food and Drug Administration (FDA) for a generic version of Advair Diskus, which is a key respiratory drug used to treat patients suffering from asthma and chronic obstructive pulmonary disease.

Notably, <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/aurobindopharma/AP">Aurobindo Pharma</a> in July last year had announced the acquisition of Lannett for $250 million. Citi Research said that the generic version will likely add $30 million to $40 million to the company's annual US revenues.

Cipla has been awaiting FDA's approval for its own generic version of Advair. While noting that FDA's approval to Lannett was a "marginal negative" for Cipla, the international firm sees the pharma major getting the approval in near-term.

It further sees Advair contributing $50 million to Cipla's US revenue in FY27.
<h3>Cipla share price:</h3>
Cipla shares have fallen more than 3 percent in the past five days, and over 4 percent in the past one month. This comes after the stock gained around 76 percent in the past five years.

The stock currently has a P/E ratio of 21.70, and a market capitalization of nearly Rs 1.17 lakh crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-gain-liveblog-13769563.html">LIVE updates</a> from the stock markets here.

(With inputs from agencies)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Cipla shares fall up to 2% as Citi says US FDA nod for generic Advair could help Aurobindo Pharma

The shares of Cipla dropped nearly 2 percent to its day's high on January 13 after the US FDA granted its final approval to rival Aurobindo Pharma for a generic version of the GSK's Advair inhalers. Citi called the development a &quot;marginal negative&quot; for Cipla.

The shares of the pharma major dropped to a nine-month low of Rs 1,436.60 apiece, before recovering some losses to close at Rs 1,448 apiece.
US FDA approves Lannett's generic Advair inhaler version:
Respirent Pharmaceuticals and Lannett have received final approval from the US Food and Drug Administration (FDA) for a generic version of Advair Diskus, which is a key respiratory drug used to treat patients suffering from asthma and chronic obstructive pulmonary disease.

Notably, Aurobindo Pharma in July last year had announced the acquisition of Lannett for $250 million. Citi Research said that the generic version will likely add $30 million to $40 million to the company's annual US revenues.

Cipla has been awaiting FDA's approval for its own generic version of Advair. While noting that FDA's approval to Lannett was a &quot;marginal negative&quot; for Cipla, the international firm sees the pharma major getting the approval in near-term.

It further sees Advair contributing $50 million to Cipla's US revenue in FY27.
Cipla share price:
Cipla shares have fallen more than 3 percent in the past five days, and over 4 percent in the past one month. This comes after the stock gained around 76 percent in the past five years.

The stock currently has a P/E ratio of 21.70, and a market capitalization of nearly Rs 1.17 lakh crore.

Follow all LIVE updates from the stock markets here.

(With inputs from agencies)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

RedTape shares surged nearly 16 percent after founders explored stake sale, Promoters appointed EY to advise on divestment, approached Blackstone and KKR, RedTape may sell majority or entire stake valued at around USD 510 million

* RedTape shares surged nearly 16 percent after founders explored stake sale
* Promoters appointed EY to advise on divestment, approached Blackstone and KKR
* RedTape may sell majority or entire stake valued at around USD 510 million

RedTape shares surged nearly 16% after reports that its founders are considering selling their stake, reaching out to private equity firms like Blackstone and KKR. The Mirza family has appointed EY as adviser for the potential $510 million divestment.

shorts/business/footwear-firm-redtape-shares-rise-5-as-report-says-founders-eye-stake-sale-tap-blackstone-kkr

* RedTape shares surged nearly 16 percent after founders explored stake sale
* Promoters appointed EY to advise on divestment, approached Blackstone and KKR
* RedTape may sell majority or entire stake valued at around USD 510 million

Shares of footwear maker RedTape on Monday surged nearly 16 percent after a report said the company’s founders are exploring a sale of their stake and have reached out to private equity firms.

On the NSE, <a href="https://www.moneycontrol.com/india/stockpricequote/footwear/redtape/R04">RedTape</a> stock climbed 15.95 percent to an intraday high of Rs 134.80 a share. The gain came after the stock had fallen for three straight sessions. The stock settled at Rs 128.26 per share, up 10.33 percent.

The rise followed a Reuters report that RedTape is seeking proposals from private equity firms Blackstone and KKR, as its founding family looks to sell a majority stake or even its entire holding valued at around USD 510 million.

The report said RedTape’s promoters, the Mirza family, have appointed consultancy firm Ernst &amp; Young as the exclusive financial adviser for the divestment of their stake, according to a document dated December that was seen by Reuters.

EY has approached firms such as Blackstone and KKR &amp; Co to gauge interest in a possible transaction, the report said, citing people familiar with the matter.

Launched in 1996, RedTape operates in the footwear and apparel segment and competes with players such as Nike, Adidas, Bata India and Campus Activewear.

The footwear and apparel market is projected to grow at about 11 percent annually to USD 21 billion by 2028, according to estimates by market research firm 1Lattice.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Footwear firm RedTape shares settle 10% higher as report says founders eye stake sale, tap Blackstone, KKR

Shares of footwear maker RedTape on Monday surged nearly 16 percent after a report said the company’s founders are exploring a sale of their stake and have reached out to private equity firms.

On the NSE, RedTape stock climbed 15.95 percent to an intraday high of Rs 134.80 a share. The gain came after the stock had fallen for three straight sessions. The stock settled at Rs 128.26 per share, up 10.33 percent.

The rise followed a Reuters report that RedTape is seeking proposals from private equity firms Blackstone and KKR, as its founding family looks to sell a majority stake or even its entire holding valued at around USD 510 million.

The report said RedTape’s promoters, the Mirza family, have appointed consultancy firm Ernst &amp;amp; Young as the exclusive financial adviser for the divestment of their stake, according to a document dated December that was seen by Reuters.

EY has approached firms such as Blackstone and KKR &amp;amp; Co to gauge interest in a possible transaction, the report said, citing people familiar with the matter.

Launched in 1996, RedTape operates in the footwear and apparel segment and competes with players such as Nike, Adidas, Bata India and Campus Activewear.

The footwear and apparel market is projected to grow at about 11 percent annually to USD 21 billion by 2028, according to estimates by market research firm 1Lattice.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Swiggy, Eternal shares drop amid 10-minute delivery branding discussions., Major delivery platforms agreed to stop marketing 10-minute delivery services, Move aims to improve safety and working conditions for gig workers

* Swiggy, Eternal shares drop amid 10-minute delivery branding discussions.
* Major delivery platforms agreed to stop marketing 10-minute delivery services
* Move aims to improve safety and working conditions for gig workers

Swiggy and Eternal shares fell from intraday highs after reports that the government urged delivery firms to stop 10-minute delivery branding for worker safety. Major platforms agreed to comply, following protests over wages and working conditions.

shorts/business/swiggy-eternal-shares-off-day-s-highs-as-reports-say-blinkit-removes-10-minute-delivery-deadline

* Swiggy, Eternal shares drop amid 10-minute delivery branding discussions.
* Major delivery platforms agreed to stop marketing 10-minute delivery services
* Move aims to improve safety and working conditions for gig workers

Eternal-owned quick-commerce firm Blinkit has dropped its '10-minute' delivery claim from all platforms amid growing concerns over delivery workers' welfare.

It has revised the tag-line from "10,000+ products delivered in 10 minutes" to "30,000+ products delivered at your doorstep".

This comes after Union Labour Minister Mansukh Mandaviya held meetings over the past month with major quick commerce and delivery platforms, including Blinkit, Zepto, Zomato and Swiggy, to discontinue the marketing and branding of 10-minute delivery services.

Other quick commerce platforms, such as Swiggy and Zepto, may also follow suit after the intervention by the Union Ministry of Labour, which was concerned about the welfare of the delivery workers trying to meet such tight deadlines.

The promise of 10-minute delivery led to gig workers holding a nationwide strike on New Year's Eve in 2025, drawing attention to workers' health, safety and income.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a> settled marginally higher at Rs 350.2 per share, up 0.17 percent. The stock trimmed some of its gains after Blinkit's annoucement.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> settled near day's high at Rs 294.25 per share, up 3.16 percent.

The move is aimed at ensuring greater safety, security and improved working conditions for gig workers. Other quick commerce aggregators are expected to follow suit in the coming days.
<h3>(With inputs from PTI)</h3>
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Blinkit drops 10-minute delivery deadline; here's how Swiggy, Eternal shares reacted

Eternal-owned quick-commerce firm Blinkit has dropped its '10-minute' delivery claim from all platforms amid growing concerns over delivery workers' welfare.

It has revised the tag-line from &quot;10,000+ products delivered in 10 minutes&quot; to &quot;30,000+ products delivered at your doorstep&quot;.

This comes after Union Labour Minister Mansukh Mandaviya held meetings over the past month with major quick commerce and delivery platforms, including Blinkit, Zepto, Zomato and Swiggy, to discontinue the marketing and branding of 10-minute delivery services.

Other quick commerce platforms, such as Swiggy and Zepto, may also follow suit after the intervention by the Union Ministry of Labour, which was concerned about the welfare of the delivery workers trying to meet such tight deadlines.

The promise of 10-minute delivery led to gig workers holding a nationwide strike on New Year's Eve in 2025, drawing attention to workers' health, safety and income.

Shares of Swiggy settled marginally higher at Rs 350.2 per share, up 0.17 percent. The stock trimmed some of its gains after Blinkit's annoucement.

Shares of Eternal settled near day's high at Rs 294.25 per share, up 3.16 percent.

The move is aimed at ensuring greater safety, security and improved working conditions for gig workers. Other quick commerce aggregators are expected to follow suit in the coming days.
(With inputs from PTI)
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Aerospace & Defence Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Aerospace & Defence industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Stocks to Watch Today: Kotak Mahindra Bank, ICICI Lombard, Tata Elxsi, Interarch Building, NLC India, 5paisa Capital in focus on 14 January

Royal Alpha Growth, Vorton Capital among 4 investors acquire over 6% stake in Gabion Technologies on its market debut

Cipla shares fall up to 2% as Citi says US FDA nod for generic Advair could help Aurobindo Pharma

Footwear firm RedTape shares settle 10% higher as report says founders eye stake sale, tap Blackstone, KKR

Blinkit drops 10-minute delivery deadline; here's how Swiggy, Eternal shares reacted

Aerospace & Defence Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Aerospace & Defence industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Stocks to Watch Today: Kotak Mahindra Bank, ICICI Lombard, Tata Elxsi, Interarch Building, NLC India, 5paisa Capital in focus on 14 January

Royal Alpha Growth, Vorton Capital among 4 investors acquire over 6% stake in Gabion Technologies on its market debut

Cipla shares fall up to 2% as Citi says US FDA nod for generic Advair could help Aurobindo Pharma

Footwear firm RedTape shares settle 10% higher as report says founders eye stake sale, tap Blackstone, KKR

Blinkit drops 10-minute delivery deadline; here's how Swiggy, Eternal shares reacted

Aerospace & Defence Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Aerospace & Defence industry stocks.