BSE big strides in F&O space sparks hopes, stock gains 240% in 6 months
BSE is rapidly gaining market share in derivatives since it brought back the weekly index options for the Sensex and the Bankex in May that are now dominating almost all of the BSE derivatives trading
Business in the Week Ahead: October 9-13, 2023
TCS, Infosys earnings, FOMC minutes, inflation, exports-imports, are the key events, data points to track
Vedanta Resources’ debt bind is weighing on India-listed Vedanta
Unless the parent Vedanta Resources makes concerted efforts towards sustainably bringing down its leverage, the fortunes of Vedanta would remain severely limited
Manappuram Finance arm Asirvad Micro Finance files for Rs 1,500 cr IPO
In February 2015, the Kerala-based gold loan provider acquired a significant majority stake in the Chennai-based microfinance firm as part of a diversification strategy
TCS inks multi-year partnership with British retail giant Asda
The collaboration will use TCS' cloud, AI, and security solutions to aid Asda's smooth and secure divestiture, enhance customer experience, and drive innovation for market share growth and price leadership.
Tata Technologies reserves IPO share for employees and Tata Motors shareholders
Tata Technologies IPO: This allocation, as per a board resolution on September 6, will include up to 0.5% of post-offer equity for employees and up to 10% for Tata Motors Ltd shareholders, with shares distributed proportionally.
Fortis and Apollo: Scale economics underpins Kolkata acquisitions
Expansion plans of hospital chains are centred on building large format facilities and business clusters
Vedanta Ltd: Does the demerger make sense for minority shareholders?
Debt repayment or restructuring at Vedanta Resources is keenly watched by the Street
SME IPOs reach all-time high in September
In September, a record number of small and mid-sized enterprises went public, with 37 companies raising over Rs 1000 crore, the highest since SME IPOs began in 2012, as per Prime Database data.
HDFC Bank's stock movement eyed after management rejig, price down over 9% in three weeks
This is the second reorganization at HDFC Bank since Sashidhar Jagdishan took over as managing director and chief executive officer in October 2020, succeeding Aditya Puri
It’s all about money, honey! Why ESG investing is still an exotic concept in India
There appears to be willingness among investors to back their ESG talk with money, but industry needs to spruce up its act and be fit to receive these funds
Cholamandalam Investment may launch Rs 2,000 crore QIP today
Floor price for QIP likely in the range of Rs1160-1180 a share which is a discount of 4-6 percent from the current market price
Jefferies sees $7-10 bn revenue opportunity for JioAirFiber
The brokerage house raised its consolidated EBITDA estimates by 1-2 percent and increased target price of Reliance Industries Ltd by 27 percent to Rs 2975 a share
Vedanta and Hindustan Zinc shares rise as latter approves corporate restructuring plans
Vedanta Chairman Anil Agarwal mentioned last month the possibility of separately listing some or all its businesses, spanning metals, mining, and oil and gas.
NSE records 2nd highest trading volume this year at 70 lakh in Aug
In August, foreign portfolio investors bought 1.30 lakh shares, while non-resident Indian investors bought around 60,300 shares. Domestic investors were net sellers of close to 1.91 lakh shares
What India Inc can learn from ISRO!
For India Inc. then, there is enough room to capitalize on low costs, pursue frugal innovation and develop new products, technologies, and intellectual property
ICICI Lombard appoints Sanjeev Mantri as new MD & CEO
On September 21, Bhargav Dasgupta left his role as MD and CEO after 14 years with the company to pursue an international career opportunity
Canada pension funds stay committed to India investments amid diplomatic tensions
Pension funds maintain a strategic outlook and are likely to wait for developments before making any major adjustments, say market experts
Vedanta slips to 14-month low ahead of key board meet
Vedanta Resources faces significant bond repayments of nearly $2 billion in FY25, contributing to a total debt repayment of $3.6 billion in the next financial year.
For HDFC Bank, FY24 is a speedbump year
In the near term, analysts expect moderation in net interest margins and operating profit growth for HDFC Bank
Why are our big business houses missing the opportunity to take Indian cuisine global?
Indian cuisine hasn’t reached many millions of its prospective clientele despite its global potential. Till date there is no recognisable global brand offering Indian cuisine despite our delectable range of foods, talented culinary artists, and no paucity of capital
Foreign funds sell off $800 mn in equities in 4 sessions, despite Nifty rally to record high
Some analysts believe that select mid and small-cap stocks still have potential for growth due to improved revenue prospects, even though their valuations may be somewhat concerning in absolute terms.
Midcaps fall sharply after Kotak calls rally an 'irrational exuberance'
The brokerage said it stopped recommending a midcap portfolio because it couldn't identify enough stocks outside the BFSI sector. It says the sharp stock price surge is driven by irrational investor exuberance in the mid-cap and small-cap segments
Over 90% stocks in Nifty 500, midcap, smallcap trading above 200 DMA
Currently, around 452 or 90 percent firms in Nifty 500, around 95 in Nifty Midcap 100 and 90 in Nifty Smallcap 100 are trading above the 200 DMA. Analysts say this indicates that they are potentially nearing an overbought zone
