Wall Street ends slightly lower, capping blockbuster year
The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to monthly, quarterly and annual gains.
Indian companies dazzle on global top lists amid bumper stock rally
Considering the global automobile companies with market capitalisation above $5 billion, four Indian automakers including Tata Motors, Bajaj Auto, TVS Motor Company, and Hero MotoCorp figure in the top 10 ranking according to the Bloomberg data.
Offshore crackdown may bring crypto party home
The move may lead to a resurgence in Indian exchanges, they said, as many investors who had shifted to trading on global exchanges to save on tax are expected to return to local ones now.
Waaree Energies files draft papers for Rs 3,000-crore IPO
As of November 30, 2023, the company has an order book of 20.16 GW of solar PV modules and 3.75 GW of orders for subsidiary, Waaree Solar Americas located in US. Axis Cap, IIFL Securities, Jefferies India, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Cap are book running […]
Trust investment-led investors put Rs 975 cr in GI hydro bonds
GI Hydro, which operates 110 mw hydro power projects in Sikkim, will use the proceeds to repay existing lenders, including REC Ltd and Edelweiss Asset Reconstruction Company, among others, the people said. The company had defaulted on loans in 2016 to the existing lenders and has proposed to repay their entire dues.
Swan Energy gets board nod for raising Rs 4,000 crore
Swan Energy recently announced that it made a repayment of ₹40 crore debt towards the entire fund-based facilities of its textile unit to the consortium of banks led by Union Bank of India.
Indian banks shrug off multiple headwinds
RBI’s assessment of notional losses in the HTM portfolio – which it started publishing recently – assumes significance in light of the collapse of the Silicon Valley Bank and a few other US-based lenders in March 2023, stressed by huge losses incurred on holdings of American bonds.
At Rs 1,74,663 cr, D-Street records highest foreign inflows in 2023
Foreign portfolio investors poured ₹1,74,663 crore into the domestic stock market in 2023, bettering the previous record of ₹1,72,849 crore in 2020. In 2022, they were sellers to the tune of ₹1,25,633 crore.