Trade deal lacks fine print, raising doubts over US-China truce: Shaun Rein

Shaun Rein discusses the US-China trade agreement, highlighting Trump’s optimistic view versus China’s more cautious approach. He emphasizes China’s growing economic power and shift in trade patterns, with the US needing Chinese manufacturing and resources. Despite market fluctuations and geopolitical tensions, Rein suggests investors consider increasing exposure to Chinese equities, anticipating future institutional investment.

Texmaco Rail could be railway sector’s dark horse: Mayuresh Joshi

Mayuresh Joshi discusses the railway sector’s potential, highlighting positive budgetary allocations and new projects. While manufacturing stocks like Titagarh and Texmaco Rail face margin constraints, infrastructure and financing stocks offer selective opportunities. Joshi also addresses Maruti’s production adjustments due to rare earth magnet issues, anticipating a potential recovery in the auto sector’s EV segment.

Is Nifty expensive? Why judge today’s valuations through yesterday’s lens, asks Pankaj Pandey

ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27 PE, are justified by evolving business models and high-growth companies. Pandey favors BFSI, particularly AMCs and banks, and advises against holding excessive cash, recommending instead a shift to defensive large-caps […]

Monolithisch India IPO opens today: Key details investors should know

Monolithisch India’s SME IPO is now open for subscription, aiming to raise Rs 82.02 crore. The IPO will remain open until June 16. Shares will be listed on NSE SME with tentative listing date of June 19, 2025. The company plans to use the funds for expansion and working capital.

Dollar slides on easing trade tensions, Fed expectations

The dollar weakened due to Trump’s potential shift in tariff talks and expectations of Federal Reserve rate cuts. The euro reached a seven-week high. Sterling rose, while the Australian and New Zealand dollars saw slight increases. U.S. consumer prices rose less than expected in May. A fragile truce in the U.S.-China trade war was restored […]

Eye on IPO shores, companies set sail for Cayman

The Cayman Islands are emerging as a preferred destination for Indian software startups chasing global markets, offering greater flexibility in raising capital, whether from India or abroad. The self-governing British Overseas Territory is a “region of interest” for software-as-a-service (SaaS) companies scaling up their international ambitions.

Nuvoco Vistas plans to raise Rs 1,200 crore for Vadraj buyout

Nuvoco Vistas plans to raise ₹1,200 crore through CCDs and CCPS in Vadraj Cement to refinance bridge facilities used for the ₹1,800 crore acquisition. Trust Capital is arranging the fundraising, which involves merging Vanya into Vadraj after the acquisition. The funds will refinance short-term debt through long-term maturity instruments.

Sebi set to launch new UPI mechanism for MFs, brokers

SEBI introduces a new UPI handle, @valid, for registered intermediaries like brokers and mutual funds, starting October 1st, to enhance transaction security. This initiative aims to ensure investors make payments only to verified entities, accompanied by a visual verification cue. A ‘Sebi check’ functionality is also under development for investors to verify UPI ID authenticity.