S&P 500 ends near flat but posts biggest monthly percentage gain since November 2023
The S&P 500 concluded a turbulent session with minimal change as President Trump’s remarks on China caused market fluctuations. Despite initial losses triggered by trade concerns, positive earnings and inflation data contributed to the S&P 500’s rebound, achieving its largest monthly gain since November 2023. Investors are closely monitoring tariff developments and anticipating potential Federal […]
Suzlon Energy shares up 13.6% on rising profits
Suzlon Energy’s shares experienced a significant surge. This followed the company’s report of a fourfold profit increase for the March quarter. The company’s market capitalization briefly crossed ₹1 lakh crore. Analysts have raised their stock price targets. Revenues grew substantially, driven by increased wind turbine generator deliveries.
At 7.4%, India’s growth steps on race pedal in Q4
India’s economy surpassed expectations with a 7.4% growth in the March quarter, boosting FY25 growth to 6.5%. Investment recovery and strong construction drove this expansion, despite concerns about tepid urban demand and global uncertainties. While marking a four-year low, India remains the fastest-growing economy, poised to become the fourth largest, with economists projecting continued growth […]
Travel and hospitality companies prepare for IPO amid rising domestic tourism
Several Indian travel and hospitality companies are planning initial public offerings. Oyo, Pride Hotels Group, and LaRiSa Hotels & Resorts are among them. Lemon Tree Hotels will list Fleur Hotels in two years. The Leela Palaces, Hotels and Resorts, concluded its IPO in May. Prestige Hospitality and Travel Food Services have also initiated IPO processes.
Vodafone Idea posts Rs 7,166 crore loss, plans Rs 20,000 crore fundraise
Vodafone Idea’s board has approved raising up to ₹20,000 crore despite a widened net loss of ₹7,166 crore and continued subscriber losses. The company aims to fund its 4G and 5G expansion to curb user churn, while auditors caution about its ability to meet liabilities. Despite challenges, Vi reports improved ARPU and reduced subscriber loss […]
No collateral damage: Finance ministry wants relief for small gold loans
The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also proposed implementing the rules from January 1, 2026, citing the need for field-level adjustments. This came after reviewing the RBI’s draft guidelines and considering […]
Shapoorji Group secures $3.4 billion in record Deutsche-led credit deal
Deutsche Bank orchestrated a significant $3.35 billion private credit deal for the Shapoorji Pallonji Group, securing funds from global investors like BlackRock and Morgan Stanley. The three-year nonconvertible debentures, backed by a portion of SP Group’s Tata Sons stake, offer a 19.75% yield.