The International Gemmological Institute (IGI) India, supported by Blackstone, has taken a significant step towards its Initial Public Offering (IPO) by filing draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 4,000 crore. This IPO consists of a combination of fresh equity issuance and an offer-for-sale by the promoter. IPO…
Ruchir Sharma, Chairman of Rockefeller International, has highlighted the challenging business environment in India, which is driving many entrepreneurs to establish their firms in places like Dubai and Singapore. While he acknowledges that India’s macroeconomic management has been “reasonably good,” he raises concerns about the microeconomic challenges and the overreach of investigative agencies that are…
The Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) emphasized that every investment from China will continue to undergo rigorous checks, with no plans to ease Foreign Direct Investment (FDI) norms for countries sharing a land border with India. Rajesh Kumar Singh, the Industry Secretary, dismissed speculation about a change in…
HCLTech Anticipates Q2FY25 Rebound Despite Q1 Challenges Tata Consultancy Services (TCS) and HCL Technologies (HCLTech) emerged as the top upgraded IT stocks in July, securing positions in the top 10 Nifty stocks with the highest analyst upgrades over the last quarter. Despite a challenging macroeconomic environment, brokerages are optimistic about the long-term prospects of these…
Bears dominated the stock market again on August 8, as India’s key indices, Nifty and Sensex, closed lower. A significant drop in IT and Metal stocks contributed to the negative sentiment. At the close, the Sensex fell by 581.79 points or 0.73%, ending at 78,886.22. Meanwhile, the Nifty dropped by 180.50 points or 0.74%, finishing…
Introduction to Suzlon’s Strategic Acquisition Suzlon Group, India’s leading renewable energy solutions provider, announced on August 6th its plan to acquire a substantial stake in Renom Energy Services Private Limited. The deal, structured in two tranches, will see Suzlon acquire a 76% stake from the Sanjay Ghodawat Group (SGG), strengthening its position in the renewable…
Filatex Fashions Ltd., a renowned Hyderabad-based manufacturer of socks and cotton products, has announced a major achievement through its mining subsidiary, Filatex Mines and Minerals Private Ltd. The subsidiary has secured an export order worth $35 million (approximately Rs. 293 crore) for the supply of 297,388 metric tonnes of white marble. This substantial order has…
Introduction Tata Motors Ltd has achieved a remarkable milestone, becoming the first Indian automotive company to join the ranks of the top ten most valued global auto firms. This achievement is driven by a significant surge in its stock prices. The Global Leaders in the Automotive Industry Leading the global automotive market is Tesla Inc,…
Introduction to the Potential Acquisition Blackstone Inc., a global private equity firm, is preparing to make a significant investment in Haldiram’s, a leading Indian fast-food and snack company. This strategic move is expected to secure Blackstone a prominent position in India’s lucrative snack market. Despite earlier disagreements on valuation, the firm is now ready to…
Apple’s Expansion Beyond Smartphones: MacBooks and iPads Leading the Way Apple is set to experience significant growth in its non-handset categories, including MacBooks, iPads, smartwatches, and True Wireless Stereo (TWS) devices. As demand for iPhones remains strong in India, Apple’s other product lines are also gaining momentum. According to data from Counterpoint, Apple’s non-smartphone revenue…
