Latest Updates Around The World
Bengaluru-based logistics and last-mile delivery company Shadowfax Technologies is expected to open its Rs 1,907 crore IPO on January 20, 2026. Prior to issuance, the shares command a gray market premium of approximately 12%, indicating strong investor appetite. At this premium, the stock is expected to debut around Rs 139 per share against the upper […]
Reliance Industries Ltd (RIL) is expected to deliver steady performance in the December quarter, with brokers posting mid-single-digit growth in revenue and earnings, mainly supported by strength in its oil-to-chemicals and digital businesses, even as retail growth remains subdued and upstream pressure remains.According to an average estimate of seven brokers, RIL’s consolidated revenue in the […]
As the availability of new land tightens and competition increases in India’s key urban markets, strategic buyers are increasingly using the corporate insolvency resolution process under the Insolvency and Bankruptcy Code to gain access to urban real estate assets.The framework plays an increasingly important role in facilitating ownership transitions and land consolidation in cities with […]
Vodafone Idea (VIL) may have been given a temporary lifeline with the Telecommunications Ministry’s recent decision to defer its AGR (Adjusted Gross Revenue) dues by four years, but the outlook remains far from reassuring for shareholders.With no immediate improvement in earnings visibility and capital infusion still elusive, analysts say investors should temper their expectations. In […]
India’s record Rs 1.95 trillion float in 2025 delivered a $417 million windfall for investment banks as underwriting costs soared to a record high amid a surge in stock prices that boosted bankers’ pricing power after years of cutthroat competition, according to LSEG data cited by Bloomberg.The total fee pool rose alongside a steady increase […]
Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% over the current market price of around Rs 145.The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in thermal energy and […]
Horizon Industrial Parks, backed by global private equity firm Blackstone, on Monday filed preliminary papers with market regulator Sebi to raise Rs 2,600 crore through an initial public offering (IPO).The issue consists entirely of a new offering of shares, without part of an offer for sale (OFS). As per the draft Red Herring Prospectus (DRHP), […]
High-speed trading platform Zepto has filed draft papers for its initial public offering (IPO) worth $1.3 billion (about Rs 11,682 crore) with market regulator Securities and Exchange Board of India (Sebi), experts said.ET reported on December 25 that the Aadit Palicha-led company is looking to raise around Rs 11,000 crore in fresh capital, with the […]
Mumbai: A Reliance Industries-backed company and Jupiter Hospital are in a battle to acquire privately held SevenHills Healthcare, people with knowledge of the matter told ET. The target is a 1,500-bed hospital that is embroiled in a protracted legal battle with the Mumbai civic body over compensation for the land on which it is built.SevenHills […]
Mumbai: Tata Capital pumped around ₹500 crore into Vodafone Idea’s latest bond sale, people familiar with the ₹3,300-crore fundraising told ET. This demonstrates an increasing exposure of non-banks to stressed but important businesses that otherwise struggle to raise funds from mainstream banks. JM Financial Credit Solutions, Aditya Birla Capital and Hero Fincorp have committed around […]
