LIC ups stake in SBI to 9.49% via QIP route, buys over 6.1 crore shares
LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBI’s record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving bids worth Rs 1.10 lakh crore from 120 institutional investors globally.
SBI raises Rs 25,000 cr via share sale through QIP
State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.
Milky Mist Dairy files for Rs 2,035 crore IPO, targets expansion
Milky Mist Dairy Food has filed for a ₹2,035 crore IPO, including a ₹1,785 crore fresh issue. Funds will be used for debt repayment, capacity expansion, and distribution network enhancement. The company focuses exclusively on value-added dairy products.
Explained: Why Reliance Industries shares fell 3% after reporting highest-ever profit
Reliance Industries shares: Jefferies offered a candid assessment, noting that consolidated EBITDA came in 3% below its estimates, with the O2C and Retail segments missing expectations by 5% and 4%, respectively. Despite this, the global brokerage retained its Buy rating with a target price of ₹1,726.
7 Nifty500 stocks with highest dividend yields
Vedanta leads the pack with a dividend yield of 8.9%, having paid an equity dividend of Rs 39.5 per share over the last year.
Rajesh Bhosale turns cautious on RIL, sees short-term weakness continuing
Rajesh Bhosale of Angel One suggests a bullish outlook on ICICI and HDFC Bank, anticipating ICICI Bank to lead the momentum. Nifty and Bank Nifty have bounced back from their 50 EMA, with Nifty expected to trade between 24,900 and 25,250. However, Reliance Industries is showing weakness, potentially retesting levels of 1400, advising investors to […]
Valuations may be high, but India’s long-term story remains unshaken: Swarup Mohanty
Swarup Mohanty of Mirae Asset Investment Managers highlights India’s structural growth story and its increasing negotiation power in global trade. He emphasizes the shift towards retail investors and the unique demographic of multiple generations investing together. Mohanty expresses confidence in India’s ability to thrive independently, driven by domestic consumption and consistent data points, despite global […]
Tariff Turmoil Ahead? Arvind Sanger flags growing risk for global economies
Arvind Sanger from Geosphere Capital Management suggests markets are beginning to acknowledge the potential for sustained high tariffs, exceeding previous expectations. The uncertainty surrounding trade deals with major economies like Japan, the EU, and India, coupled with concerns about the Federal Reserve’s interest rate policy, is creating turmoil.
HDFC Bank CFO explains the fall in fee-based income in Q1, expects cost of funds to stabilise
HDFC Bank’s first quarter results show a familiar seasonal dip in fees from distributing third-party products. Cost of funds saw a slight decrease. Loan yields experienced a larger drop due to faster repricing of market benchmark loans. The bank is closely monitoring corporate lending. Larger companies are liquid, leading to competitive rates.
Seth R Freeman sees Fed rate cut only if labour market softens further
Seth R Freeman observes that investors are turning to gold amidst a weak dollar and a risky environment, but the surge in Bitcoin interest is particularly noteworthy. Despite tariff concerns, optimism about earnings persists, though the impact of potential Fed rate cuts and summer trading volumes remains uncertain. Layoffs at major companies like Daimler signal […]