Indian billionaire Gautam Adani‘s flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-month bonds, two bankers said on Monday, marking its first such fundraising since 2023. The company will pay a semi-annual coupon of 8.70% on the issue and has invited commitment bids … Read more
Over the past two years, investors have witnessed a wave of flexible workspace providers entering the capital markets. From Awfis Space to Indiqube and Smartworks, a string of operators have launched IPOs, driven by a structurally bullish outlook for new-age workspaces. WeWork India is the latest to join this trend with a Rs 3,000 crore … Read more
India’s tractor industry posted a healthy 9.2% YoY growth in Q1FY26, delivering 2.86 lakh units, driven by robust demand in the high-horsepower (HP) categories and pre-season stocking ahead of the Kharif sowing period. Favourable Rabi harvest earnings and steady demand from key agricultural states underpinned the strong start to the fiscal year. The 41–50HP segment … Read more
India’s largest life insurer Life Insurance Corporation (LIC), two-wheeler major Hero MotoCorp and pharma stocks like Novartis, Zydus Lifesciences and Lupin will be among 25 companies which will be holding their record dates for the purpose of dividend. Check if you own any of these stocks: Monday, July 21 It will be the ex-date and … Read more
New Delhi: The government Monday sought parliamentary approval for an additional net expenditure of ₹51,463 crore in the second and final batch of supplementary demands for grants for the current fiscal, on top of the ₹44,143 crore approved in the first batch in December last year. Despite the extra expenditure, the government expects to contain … Read more
The board of Gensol Engineering on Friday announced that they will be considering and approving a stock split of the company’s shares from a face value of Rs 10 in its upcoming board meeting scheduled on March 13. “Pursuant to regulation 29 of the SEBI (LODR) Regulation, 2015, notice is hereby given that a meeting … Read more
Aditi Nayar, Chief Economist, ICRA, says the WPI inflation may harden a little bit in the current month, somewhere in the range of 2.5% to maybe 2.8% or 3%. It will track a slightly different trend from the CPI in terms of how sequentially things are moving but they will end up converging closer together … Read more
Srikumar Krishnamurthy, Vice President & Co-Group Head, Corporate Ratings, ICRA, says the recovery or the bounce back post-COVID was pretty significant in the PV segment in particular and even compared to the global markets, we were outgrowing. There is some amount of elevated base that has crept in. So, factors like the pent-up demand and … Read more
Mumbai: Margin funding, where retail investors purchase stocks by paying 25% and brokers fund the rest for up to a year, hit an all-time high this week, when the broader market also climbed to a new peak. This increase in risk appetite reflects a prevailing sense of euphoria among retail investors, although market participants warn … Read more
Brokerage firm Emkay maintained a buy rating on ONGC and Oil India, Morgan Stanley remained overweight on Can Fin Homes, and CLSA has a buy rating on J Kumar Infra. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Emkay on Oil & Gas: Oil India and ONGCEmkay … Read more