🇮🇳 India Daybook: NSE IPO Nears Green Light, SKM Egg Products Splits Shares

📍 REGULATORY APPROVALS & IPO NEWS

• The National Stock Exchange (NSE) is reportedly in the "very advanced stages" of receiving a No Objection Certificate (NOC) for its much-anticipated Initial Public Offering (IPO) from the Securities and Exchange Board of India (SEBI). SEBI Chairman Tuhin Kanta Pandey indicated that approval is likely within January 2026, a development that has been long-awaited following past regulatory hurdles. NSE had reapplied for the NOC in June 2025 and settled a significant case by paying a penalty.
• Narmadesh Brass Industries' ₹44.8-crore SME IPO is scheduled to open for public subscription on the BSE's SME platform today, January 12, 2026.

📍 CORPORATE ACTIONS

• SKM Egg Products Export (India) Ltd has set January 12, 2026, as the record date for its stock split, changing its face value from ₹10 to ₹5 per unit.
• Kothari Industrial Corporation Limited received BSE listing approval on January 9, 2026, for 11.31 lakh equity shares issued on a preferential basis to non-promoters.

📍 LEADERSHIP CHANGES

• Indian Oil Corporation Limited has announced a significant leadership reshuffle, promoting nineteen senior officials to Senior Management Personnel. This move is part of the company's long-term strategy to enhance governance and operational execution.

📍 REGULATORY ACTIONS & WARNINGS

• A subsidiary of MedPlus Health Services, Optival Health Solutions Private Limited, received a two-day suspension order for a Drug License at one of its stores in Karnataka. The action was taken due to violations under the Drugs and Cosmetics Act, with an estimated potential revenue loss of approximately ₹0.74 lakhs.
• BSE Limited has issued a cautionary statement regarding a fraudulent deepfake video circulating on social media. The video falsely features BSE's MD & CEO, Sundararaman Ramamurthy, providing fake stock recommendations and investment advice.

📍 INDUSTRY DEVELOPMENTS

• The Indian government has proposed new security measures for smartphone manufacturers, including a requirement to share source code and implement specific software changes. This proposal has faced opposition from major tech companies like Apple and Samsung, who argue it lacks global precedent and risks revealing proprietary details.

📍 MARKET OUTLOOK

• Indian markets closed lower for the fifth consecutive day on Friday, impacted by global trade concerns, geopolitical tensions, and political uncertainties. The market is expected to remain cautious and volatile in the week ahead (January 12-16, 2026) due to ongoing global uncertainties and profit booking. Foreign Institutional Investors (FIIs) have been net sellers in early 2026, while Domestic Institutional Investors (DIIs) have shown buying interest on market dips. The Q3 earnings season is commencing, with results from major IT companies like TCS and Infosys expected to influence market sentiment.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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