Ram Mandir theme: Smallcap zooms 7% on bagging orders from Ayodhya

Ram Mandir theme: Smallcap zooms 7% on bagging orders from Ayodhya

With Ayodhya getting a $10 billion makeover after the grand opening of Ram Mandir on Monday, investors are continuing to look for stocks that could benefit from the surge in religious tourism. Shares of smallcap stock Responsive Industries rallied up to 7% on announcing its selection as a key partner for several prestigious hospitality and … Read more

A low-rated Indian company is set to sell rupee bonds in a rare move

A low-rated Indian company is set to sell rupee bonds in a rare move

A lowly-rated Indian corporate is set to sell rupee bonds next week, an oddity in the market dominated by state-owned issuers and companies with high ratings. Debt-laden ., rated provisional C by Acuite Ratings & Research Ltd., will seek bids for as much as 2.98 billion rupees ($36.6 million), according to a document seen by … Read more