Zinka Logistics shares to debut today. Here’s what GMP indicates
Zinka Logistics is set to debut on the stock market with a flat premium. The company’s IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India’s trucking industry with its BlackBuck app, which provides a range of services for truck operators, including payments, telematics, and load management.
Vedanta Resources may raise $1.2 billion to refinance debt
The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is […]
UBS joins GS in forecasting gold’s rally isn’t over yet
There’s likely to be a period of consolidation due to the stronger dollar and concerns over the potential for more US fiscal stimulus to lead to higher rates before the precious metal starts climbing again, UBS analysts including Levi Spry and Lachlan Shaw said in a note. Bullion would rise a little further, to $2,950 […]
BoB, Axis plan to raise Rs 6,500 crore via bond issues
State-run Bank of Baroda will likely offer tier-2 bonds worth ₹3,500 crore for 15 years, while private lender Axis Bank is looking at raising ₹3,000 crore through tier-1 bonds.
$94,000 Bitcoin hits fresh record high
“Trump’s seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office,” said Stephane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Adani Green Energy raises $600 million via 20-year bonds
The company priced the bond at 7.45% and the proceeds of the issue will be used to refinance existing loan facilities of the company. The pricing of these bonds is much higher than the 7% targeted by Adani Green in the issue that was pulled out ultimately on October 15. Bankers said the more expensive […]
DPIIT approves RCap’s acquisition by IndusInd International Holdings
The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the ₹10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the deal.
Fewer stocks suffer deep cuts in the current selloff
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have […]
Nazara bets big on acquisitions to fuel future growth
Nazara Technologies’ stock surged despite a weak Q2 performance, driven by strategic acquisitions aimed at boosting revenue and margins. The company, focusing on esports and skill-based gaming, has seen promoter and institutional investor holdings decrease. Analysts remain optimistic about Nazara’s growth prospects, citing potential profitability improvements from recent acquisitions.