Ather Energy to make its market debut today. Check GMP ahead of listing
Ather Energy, a leading Indian EV brand, is set to debut on the NSE and BSE after a modest IPO subscription. Despite strong brand equity and tech credentials, the company faces challenges with profitability, reporting a significant net loss for FY24. Its future stock performance depends on scaling profitably and defending market share in a […]
Housing finance firms to raise up to Rs 12,000 crore via RMBS in FY26
Housing finance companies plan to raise ₹10,000–12,000 crore in FY26 via listed RMBS deals structured by RDCL. LIC Housing led with India’s first such ₹1,000 crore issuance, ensuring price discovery and lower borrowing costs.
High utilisation, new deal momentum to keep Persistent Systems on track
The company’s CFO Vinit Teredesai told ET that while clients were taking more time to roll out projects, there were so far no cancellations. “Going by the current revenue visibility, we continue to retain an aspiration to attend $2 billion in revenue by FY27,” he said.
Dollar gains after two-day drop, US stock futures dip
A gauge of the dollar rose 0.3% after declining Monday as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s dollar and resonated across global foreign exchange markets. The MSCI Emerging Markets Currency Index rose 0.6% to a record. US stock futures edged lower after the S&P 500 halted its longest rally in […]
Kotak Bank slides on weak Q4 earnings, downgrades
The private lender reported a 14% dip in its standalone profit after tax (PAT) at ₹3,552 crore, from the same quarter last year. Net Interest Income (NII) increased to ₹7,284 crore for January-March, from ₹6,909 crore last year, up 5% in the period.
A passive Nifty investment strategy to beat market returns
If the gains in Nifty are driven by a select set of stocks, investors could consider the Top 10 Equal Weight index, while investing in the Nifty 50 Equal Weight index is suitable in times of a broad-based rally, says Anil Ghelani, head of passive investments and products, DSP Mutual Fund.
Rupee strengthens at 84.25 amid falling oil prices and equity inflows
The currency had strengthened to 84.13 per dollar during the day, but dollar demand from importers weakened the currency, which had closed at 84.58 per dollar the previous day, LSEG data showed.
Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank
Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an additional 26%. SBI, currently holding a 24% stake, seeks a new owner after Yes Bank’s turnaround.