Vodafone Idea to launch Rs 18,000 crore FPO on April 18
Vodafone Idea’s board approved a Rs 18,000 crore public offering. The FPO opens on April 18. The stock has seen one-year returns to the tune of 108%.
Hot Stocks: Brokerages on Entero, CreditAccess, Bharti Hexacom, Interglobe and PVR
Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox.
Big movers on D-Street: What should investors do with Canara Bank, Paytm and PB Fintech?
Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.
Edelweiss Alternatives’ Fund acquires L&T IDPL
This acquisition is in line with the infrastructure yield strategy to generate regular distributions for investors by acquiring quality operating infrastructure assets with strong cash flows and unlocking value through active asset management, the company said in a statement.
Alphabet heads toward $2 trillion with investors cheering AI moves
Using this week’s cloud event to show that its AI model is enterprise-ready despite recent stumbles in its consumer-facing tools, focus is now turning to this month’s earnings and a developer’s conference in May.
RIL to gain from lower capex, cash flows as biz verticals get the shine
The stock of Reliance Industries (RIL) has gained 14% since the beginning of 2024, beating the 4% increase in the S&P BSE Sensex following signs of peaking capital expenditure and improving prospects across business verticals.
TCS likely to outdo peers with ramp-up in big deals
Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.
Oil’s rise complicates global war on inflation
Rising oil prices pose inflation risks for India, with a $10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especially net importers of crude, are sensitive to CPI and could face challenges.
India reviewing Asean trade pact with an eye to boost domestic manufacturing
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
FPIs cut back on FMCG, auto, financial services shares
Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half […]