Jio Financial Services to invest Rs 1,000 crore in Jio Finance
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations.
UCO Bank fixes QIP price at Rs 34.37 per share
Uco Bank QIP: Uco Bank has set the price of its Rs 2,000 crore QIP at Rs 34.27 per share, a 4.99% discount to the floor price. The move aims to reduce government ownership from 95.39% to around 3%.
Jio Financial Services to invest Rs 1,000 crore in Jio Finance
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations.
Truhome Finance raises $100 million from DBS Bank, SMBC
Warburg Pincus-owned mortgage lender Truhome Finance has raised $100 million in external commercial borrowing from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC).
Market consolidation or rebound? Daylynn Pinto on the road ahead for investors
Daylynn Pinto of Bandhan AMC explains the current market consolidation after five strong years, highlighting concerns such as the slowdown, global recession risks, and potential tariffs impact. Pinto justifies underweighting capital goods due to stretched valuations and anticipated limited private capex, while stressing the positive outlook on financial services and autos amid favorable regulatory and […]
Helmets maker Studds Accessories files IPO papers with Sebi
Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters and other shareholders selling 77.9 lakh shares. Studds designs and sells helmets and accessories in over 70 countries. The company will not receive any funds from the IPO.
Nifty indices rejig: Zomato, Jio Financial to see $822 million inflows as BPCL, Britannia exit
The reshuffle, coinciding with Nifty’s derivatives expiry, will result in Bharat Petroleum Corp Ltd (BPCL) and Britannia Industries Ltd exiting the index, causing significant outflows, while Grasim Industries and Bajaj Finance will undergo weightage adjustments.
Banking on Financials: Why Chakri Lokapriya is betting on PSU Banks & NBFCs
Chakri Lokapriya discusses the recovery of the financial market, highlighting the strategic moves in banking and power sectors. He mentions the impact of tariff noise, buying trends in PSU banks and NBFCs, and suggests top investment ideas like Power Finance and REC. He also covers real estate, cement industry growth, and the retail sector’s potential […]
Avoid this common investing mistake in FY26, warns Sudip Bandyopadhyay
There will be sectors and pockets which will get adversely impacted if all-out tariff war breaks out in the world, even if India escapes world economies slowing down will have a negative impact on India. But fundamentally, India is doing things right. Indian inflation is coming down and that gives RBI scope to reduce interest […]
ETMarkets Smart Talk: Retail investors should avoid global markets, India offers better long-term value, says Harendra Kumar
He believes that while geopolitical uncertainties continue to shape global markets, India stands out as a strong long-term bet. Kumar advises retail investors to focus on domestic equities rather than seeking opportunities abroad, citing valuation concerns and economic headwinds in global markets.