High margin requirements will discourage undue speculation in electricity futures: Sebi Chief Pandey
A high initial-margin requirement will discourage “undue speculation” in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.
IndusInd Bank to consider raising funds via long-term bonds
IndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows a $230 million loss due to past misaccounting, which led to the resignations of its CEO and deputy in April. The bank is also evaluating potential capital increases via depository receipts and qualified […]
FIIs pull out over $1 billion from Dalal Street in 5 days of non-stop selling
FIIs have pulled out over Rs 10,000 crore from Indian equities in five days, reversing their three-month buying streak. DIIs remain net buyers. July shows renewed bearishness, with Citi downgrading India to ‘neutral’ due to high valuations and weaker earnings forecasts. Global concerns continue to pressure Indian markets.
Spandana Sphoorty to launch Rs 400 crore rights issue at steep discount
Spandana Sphoorty Financial will open a ₹400 crore rights issue on August 1 at ₹230 per share—nearly 25% below market price—to address asset quality stress and support equity infusion for FY26.
JioStar posts Rs 581 crore net profit in Q1 driven by IPL
JioStar, the RIL-Disney joint venture, posted a Q1FY26 net profit of ₹581 crore and ₹9,601 crore revenue, driven by IPL’s record performance on TV and digital. Despite weak FMCG ad spends, strong sports and subscription income lifted earnings.
Patel Chem Specialities IPO to open on July 25, price band set at Rs 82 to Rs 84 per equity share
Patel Chem Specialities’ ₹58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME.
Adani completely exits Fortune oil-maker AWL, sells remaining stake in Rs 3,733 crore block deal
Adani Group has fully divested from AWL Agri Business, formerly Adani Wilmar, by selling its remaining 10.42% stake to investors from the US, UK, Middle East, and India. The block trade occurred at Rs 275.5 per share. This follows Adani Enterprises’ prior sale of a 20% stake to Wilmar International for Rs 7,150 crore.
HDFC, Parag Parikh funds among top 7 flexicap mutual funds for July
ETMutualFunds has shortlisted top flexicap mutual funds based on mean rolling returns, consistency in the last three years, downside risk, outperformance, asset size (threshold size is Rs 50 crore).
Anand Shah on why he remains positive on metal pack, manufacturing
ICICI Prudential AMC’s Anand Shah notes muted global ferrous metal profitability due to strong Chinese exports, impacting steel company earnings. He is optimistic about margin recovery in select chemicals and metals, citing attractive valuations. While positive on manufacturing, particularly defense and railways, valuations are becoming less appealing. Cement sector consolidation and potential demand growth offer […]
Time to hold your horses; stick to safe large-caps and avoid hyped sectors: Anurag Singh
Ansid Capital’s Managing Partner, Anurag Singh, expresses a positive outlook on the US economy, citing tax cuts, deregulation, and potential rate cuts. While acknowledging a possible dollar weakening, he anticipates a rebound. Regarding India, he notes high valuations and domestic inflows preventing corrections, suggesting consolidation.