MEIL’s MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
PV Krishna Reddy, managing director of MEIL, is seeking ₹1,500 crore in debt financing from firms like Elham Credit and Oaktree Capital to fund the buyout of his uncle’s 51% stake in the company. The deal, valued at ₹12,000-₹15,000 crore, aims to consolidate Krishna Reddy’s ownership.
Asian shares edge up, Japanese bond yields rise
Asian stocks saw a rise, mirroring gains in the US market. Traders are not much worried about President Trump’s tariff threats. They see them as negotiation tactics. Australian and Japanese shares increased. South Korean shares decreased. Bitcoin fell after hitting a record high. Japan’s bond yield reached its highest point since 2008.
HCL Technologies outperforms TCS in revenue growth despite profitability challenges
HCL Technologies outperformed Tata Consultancy Services in revenue for the June quarter. However, HCL Tech’s profitability declined due to project delays. TCS improved its operating margin through cost control. HCL Tech revised its FY26 revenue guidance upward, signaling optimism. New order bookings decreased temporarily due to procedural delays. Employee attrition at HCL Tech fell, while […]
Jane Street deposits Rs 4,844 crore in escrow account following SEBI derivatives market probe
Following a Sebi probe into alleged manipulation in the derivatives market, Jane Street has deposited ₹4,844 crore in an escrow account, complying with an interim order. Sebi is reviewing the firm’s request to lift the trading ban, which has impacted the derivatives market. Despite compliance, Jane Street reserves the right to challenge Sebi’s findings.
Ola Electric surges 20% on strong Q1 results, but analysts still advise caution
Ola Electric shares surged 20% following better-than-expected Q1 results, showcasing narrowed losses and improved margins. Revenue increased to ₹828 crore, driven by successful Gen 3 scooter launches. Despite a bullish outlook and retail investor interest, analysts advise caution due to market share competition and past overly optimistic guidance, suggesting a high-risk profile for the stock.
Understanding SIPs: Why timing the market may not matter for long-term investors
A Motilal Oswal Asset Management study reveals that timing SIP investments to capture monthly lows in the Nifty 500 index yields minimal return differences over long periods, specifically 10 years. While short-term gains are possible, the advantage diminishes significantly as the investment horizon extends to 15, 20, or 25 years.