Centre proposes bill to ban unregulated lending
The Indian government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An online database of approved lenders will be created. The database will help identify illegal lenders. The move follows action against several digital loan apps. The government aims to curb predatory […]
Rupee breaches 85-per-US dollar mark on hawkish Fed stance
The Indian rupee hit a record low of 85.07 per dollar on Thursday, pressured by the US Fed’s hawkish stance and rising US bond yields. The rupee has depreciated for four consecutive days despite RBI intervention. Foreign portfolio investors sold Rs 4,224.9 crore on Thursday.
Inventurus Knowledge Solutions block deal: Norges Bank buys 34 lakh shares worth Rs 652 crore
Norges Bank, on behalf of the Government Pension Fund Global, acquired 16.59 lakh and 17.50 lakh shares of Inventurus Knowledge Solutions at Rs 1,923.92 and Rs 1,899.67 per share, respectively. IKS stock debuted at Rs 1,900, a 43% premium to its issue price of Rs 1,329, and closed at Rs 2,030 on Thursday, up 6.84% […]
Blackstone-backed Ventive Hospitality raises Rs 719 cr from 26 anchor investors
Ventive Hospitality, a luxury hospitality asset owner, has raised over Rs 719 crore from 26 anchor investors ahead of its IPO. The anchor book was oversubscribed 2X, with significant participation from mutual funds, insurance companies, and sovereign funds. The IPO opens on Friday.
Sebi defers ESG disclosure deadline under BRSR framework by one year till FY26
Markets regulator Sebi has decided to defer the ESG disclosure deadline for value chain partners of listed companies by one year until FY26, giving more time to them to comply with the Business Responsibility and Sustainability Reporting (BRSR) requirements.
Concord Enviro offers exposure to high potential water treatment sector
Concord Enviro, a water and wastewater management solutions provider, is launching an IPO to raise Rs 500 crore. The company has a strong international presence and a growing order book. However, its financial performance has been inconsistent. Investors should carefully assess the company’s future prospects before making an investment decision.
Nifty likely to trade in 25,000-28,000 range in CY25: Smallcase survey
PSUs, especially in banking, are set to regain prominence, while government-led capex will drive infrastructure and economic growth. The Indian IT sector is poised for significant expansion in AI-driven services, strengthening its global tech position.
Tech View: Nifty struggles below 24,180 resistance, relief rally hinges on 23,800 support. How to trade on Friday
The recent breakdown point at 24,180 serves as an immediate resistance, followed by the 100-day exponential moving average around 24,350. According to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates, a relief rally is possible if the index holds above 23,800. However, weakness will persist as long as it stays below 24,350.
Sebi board meeting: 2 announcements for mutual fund industry
Sebi has eased regulations to align AMC employees’ interests with unitholders, simplify mutual fund operations, and mandate stress test disclosures for all schemes.
Gen-AI is a massive tailwind for our business; expect to improve on industry growth rate of 12%: IKS Health Management
IKS Health, a healthcare platform serving 18% of US physicians, projects exceeding the industry’s 12% growth rate. They aim for 30%+ EBITDA margins within two years, driven by tech leverage and the AQuity acquisition. Confident in long-term growth, they emphasize a large total addressable market and the potential of generative AI.