Adani Enterprises, Adani Energy Solutions may soon tap markets for QIPs
The two companies plan to use the proceeds to fund capex and growth plans as well as to repay certain borrowings of the company.
How Suzlon will benefit from Siemens Gamesa’s India exit
Suzlon can focus on quality orders and gain market share in the India wind turbine market
Muthoot Finance – Can it glitter for longer?
Meaning upside to return on assets looks unlikely
TCS inks 5-year title partnership agreement with Sydney marathon
The TCS Sydney Marathon is the latest addition to a portfolio of global running events sponsored by the company, which include four World Marathon Major races in New York, London, Chicago and Boston
Why everyone is not convinced about Dr Reddy’s latest acquisition
Dr Reddy’s will have to invest significantly to improve growth rates of the acquired brands in nicotine replacement therapy
Auto sales rise marginally by 3.67% to 3.40 lakh units in June
While the high base effect of last year also resulted in modest growth in volumes, industry players reckon that new launches such as as Maruti Suzuki Swift, Hyundai Creta, etc., continued to contribute to incremental volumes
Carmakers post SUV-led June sales growth amid heat waves
Domestic demand recovery in rural areas outweighed weak exports, helping motorcycle-maker Bajaj Auto record a 5.1% growth in two-wheeler sales
E2W sales remain flat in Q1FY25 despite new offerings by Ola, TVS, Bajaj Auto
Industry players attributed the muted growth in numbers to the reduction in subsidies granted to EVs by the government by replacing the FAME2 Policy (valid till 31st March 2024) with the Electric Mobility Promotion Scheme (EMPS) 2024
Cello World to soon launch QIP to raise up to Rs 800 crore
The company plans to use the funds for various purposes including retiring debt and capital expenditure.
ITCMAARS sees induction of over 15 lakh farmers
The ITCMAARS ‘Phygital’ platform now spans more than 1,650 Farmer Producer Organisations (FPOs) encompassing more than 15 lakh connected farmers
NTPC gets board approval for raising of Rs 12,000 crore via bonds, NCDs
NTPC recently told analysts in a concall that it has various capital expenditure projects such as ongoing projects and new capacity addition programs
Tata Steel launches legal action against UK union over strike call
Around 1,500 Tata Steel workers in Britain will begin an indefinite strike from July 8 over the company's plans to close two blast furnaces and cut up to 2,800 jobs, the trade union Unite said on June 21.
Drug shortages in the US continue after rising to decade highs
Persistent shortages can help limit price erosion in generic drugs and support pharma exporters
Fedbank Financial – Why the underperformance merits a look
Expected strong credit growth, stable margin, moderation in credit cost, and a decline in opex should benefit the company
Coromandel’s long quest to build non-subsidy business is bearing fruit
Revenues from non-subsidy business are expected to rise significantly in the coming years
LIC Housing Finance offers better valuation than peers
Valuation re-rating hinges on higher loan growth and stable asset quality
Chart of the Day: MNCs are ceding ground to local firms in Indian pharma market
MNCs have underperformed Indian pharma market growth in the last 15 years
TVS Electronics adds electronics manufacturing services at Karnataka plant
The manufacturing plant in Tumakuru offers a variety of solutions, including PCB assembly, product testing, box building, and supply chain.
Adani, Hindalco show interest as Hindustan Copper plans to develop two mines: Report
Both mines with a combined capacity of 3 million metric tons are located in the eastern state of Jharkhand. One of the mines called Rakha has been closed since 20 years
Tata Motors' demerger of CV, PV businesses to secure synergies across biz verticals: Chairman N. Chandrasekaran
In his view, the initiative will lead each company to deliver a “superior experience” for customers, “better growth prospects” for employees and “enhanced value for shareholders
Will a possible move to reduce F&O trading by retailers derail the BSE stock rally?
While the BSE is the best proxy to play the buoyant equity markets and rising inflows into equity mutual funds, a potential action to reduce retail F&O trading is unnerving
Mas Financial – the steady long-term compounder now fortified with capital
Focus on housing finance, geographical diversification, and own distribution should augur well for the company
MedPlus’ own branded product business needs close monitoring by investors
Success of the private label pharma products can improve MedPlus’ profitability and accelerate generic drug adoption in India
Prestige Estates' board approves raising up to Rs 5,000 crore via QIP
Prestige Estates is one of the leading real estate developers in the country. It has a significant presence in South India.
Business in the Week Ahead: June 24-28
Atleast two new IPOs will open for subscription. Central government expenditure (budget balance) and money supply are the other data points to track.
