NBFCs surge post RBI relief, brokerage outlooks improve
The brokerage described RBI’s decision to ease bank lending to finance companies as ‘Dene Wala Jab Bhi Deta…Deta Chappar Phaad Ke” (God gives abundantly whenever he gives). It was referring to RBI’s move to ease the sector’s woes. CLSA said Bandhan Bank is the biggest beneficiary of the step.
21% Ka Jhatka: UltraTech entry jolts cable & wire companies, profits on the line
India’s largest cement company has plans to invest ₹1,800 crore over the next two years, and the plant is expected to be commissioned by December 2026. UltraTech shares ended 5% lower on Thursday.
Unwilling to bear a bear scare, companies halt IPO fair
Of the 44 companies that have secured Securities and Exchange Board of India (Sebi) approval for their IPOs, most have deferred plans to the next quarter, with some even considering lowering valuations and issue sizes, according to market participants.