IntroductionIndia is steering towards a greener and more sustainable future in transportation, with advancements in electric vehicles (EVs), flex-fuel technologies, and alternative fuels like ethanol and methanol. Speaking at the Green Bharat Summit in New Delhi on December 13, Minister for Road Transport and Highways, Nitin Gadkari, outlined the government’s initiatives to address challenges such…
IntroductionRailway stocks are capturing investors’ attention once again after a period of correction earlier this year. Prominent players such as Jupiter Wagons, IRFC, Texmaco Rail, Titagarh Railsystems, and RailTel Corp. have seen a significant surge of 10-17% over the past month. But will this revival sustain, or are investors setting themselves up for disappointment? What’s…
India’s textile industry is set to benefit from a combination of global market disruptions, stabilizing costs, and increasing demand from key export markets. A recent JM Financial report highlights how the sector is positioned for growth, with Indian exporters gaining ground as competitors face challenges in markets like Bangladesh and Vietnam. Global Disruptions Open Opportunities…
The Securities and Exchange Board of India (SEBI) has directed merchant bankers to upload pre-IPO and post-IPO due diligence documents to a centralized document repository platform managed by stock exchanges. This move aims to enhance the efficiency and accessibility of records related to public issues while ensuring regulatory supervision. Key Details of the Directive 1….
The Securities and Exchange Board of India (SEBI) has proposed a significant shift in how the closing price of a stock is determined. Moving away from the existing volume-weighted average price (VWAP) method, SEBI suggests adopting the close auction session (CAS), an internationally recognized practice, to enhance accuracy and reduce volatility, especially on event-heavy trading…
The year 2024 has marked a record-breaking milestone for Qualified Institutional Placement (QIP) fundraising in India, with 77 companies raising Rs 96,320.83 crore, according to data from Prime Database. Nearly half of these funds have been used to reduce debt, reflecting a sustained focus on deleveraging balance sheets. Key Highlights of QIP Usage 1. Record…
Vodafone Group Plc is set to complete its exit from Indus Towers Limited through a block trade worth approximately Rs 2,700 crore. The deal, priced at Rs 343–358 per share, represents a slight discount of up to 4%, according to sources. The share sale will be executed through Vodafone’s units, Omega Telecom and Usha Martin…
Indian equity markets experienced a sharp decline on Thursday, with both the Sensex and Nifty tumbling over 1%. The selloff was driven by weakness in IT and auto stocks, compounded by global uncertainties and cautious investor sentiment ahead of key economic announcements. Market Snapshot The steep fall coincided with the unwinding of trades ahead of…
In a significant development ahead of its market debut, NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Ltd, has established a 50:50 joint venture with Maharashtra State Power Generation Company Ltd (MAHAGENCO). The new entity, named Mahagenco NTPC Green Energy Private Limited (MNGEPL), was incorporated on November 25, 2024. Purpose of the Joint…
The Indian primary market is gearing up for a bustling December, with 10 companies planning to collectively raise Rs 20,000 crore through initial public offerings (IPOs). These IPOs will span diverse sectors, from retail and finance to healthcare and diamond grading, reflecting the sustained investor interest in India’s equity market. Key Players in the December…
