Latest Updates Around The World
Anil Agarwal-led Vedanta Resources Ltd (VRL) raised $500 million through bonds in October and will use the proceeds to repay short-term liabilities. According to the letter to bondholders, the company stated that “the average maturity of its debt portfolio is now well over four years, and it has reduced its weighted average interest expense to […]
Top investor Rekha Jhunjhunwala, custodian of one of India’s most influential investment portfolios, has increased her stake in Titan Company by buying another 15 lakh shares, or about 0.2%, in the second quarter of FY26, according to the latest BSE filings. With this acquisition, its total stake in the Tata Group company now stands at […]
Days before Zomato’s historic listing in July 2021, Sanjeev Bikhchandani sent an email that now reads like a masterclass on IPO price discipline. The founder of Info Edge, one of Zomato’s early backers, told founder Deepinder Goyal not to chase a high-priced doll or let retail investors lose money. “Current shareholders should not feel short-changed […]
India’s benchmark Nifty ended with cuts on Friday due to selling pressure in key sectors such as banking, auto and IT. Commenting on the current outlook, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty remained weak during the session as traders continued to book profits. “On the downside, it fell below the initial […]
The Nifty 50 looks set to challenge a new all-time high this week as six key factors could converge to strengthen bullish sentiment – from expectations of a US Fed rate cut and an easing in FII selling to strong domestic earnings and progress in trade talks. The optimism comes after the benchmark index nearly […]
The Federal Reserve is expected to announce its second interest rate cut of the year on Wednesday, despite a lack of clarity about the health of the US economy due to the ongoing government shutdown. The US central bank’s penultimate interest rate meeting of the year comes against the backdrop of a weeks-long standoff between […]
Eyewear retailer Lenskart will launch its much-awaited initial public offering (IPO) later this week, which will be one of the most high-profile listings of the year in India’s booming consumer technology sector. The IPO opens for public subscription on October 31 and closes on November 4, while the anchor investor round is scheduled for October […]
Zen Technologies on Saturday, October 25, reported a marginal decline of 2.2% in consolidated net profit to Rs 62 crore for the quarter ended September 30 FY26. In the same quarter last year, the company’s profit stood at Rs 63.4 crore. Operating revenue, on the other hand, fell 28% to Rs 173.5 crore, compared to […]
Markets continued their upward momentum for the fourth week in a row, ending the Diwali-shortened trading period with modest gains. Optimism dominated the first sessions; however, some gains in the latter part of the week offset the progress. As a result, the Nifty climbed 0.33% to 25,795.15, while the Sensex rose 0.31% to 84,211.88. Stronger-than-expected […]
In the shortened three-day trading week, markets showed a slight uptrend and managed to end with marginal gains. The Nifty remained within a narrow range and fluctuated between 26,104.20 at the higher end and 25,718.20 at the lower end, marking a tight range of 386 points on the week. Despite limited activity, India’s VIX fell […]
