JSW Cement IPO opens for subscription today; GMP at 3%. Should you apply?
JSW Cement launches its Rs 3,600 crore IPO today. The IPO includes a fresh issue and an offer for sale. Shares are priced between Rs 139 and Rs 147. The IPO will close on August 11. Listing on NSE and BSE is expected on August 14. Proceeds will fund a new cement unit and debt […]
US futures rise, shrugging off Trump’s chip levies
US stock futures edged higher despite President Trump’s threat of a 100% tariff on chip imports, with exemptions for companies relocating production to the US. The tariff announcement injected volatility, overshadowing positive sentiment fueled by expectations of a Federal Reserve rate cut. Trump also plans meetings with Putin and Zelenskiy while imposing tariffs on Indian […]
Indian households anticipate modest commodity price increases amid declining inflation expectations
A recent RBI survey indicates Indian households anticipate moderate commodity price increases. Inflation expectations have decreased, with the median perception dropping to 7.2% in July. RBI Governor Sanjay Malhotra noted a more favorable inflation outlook for 2025-26, attributing it to base effects and monsoon progress. While fewer expect food price hikes, more anticipate increases in […]
Is JSW Cement’s IPO a risky bet amid rising costs and declining profits?
JSW Cement, a part of the JSW Group, is set to launch an IPO. The company aims to raise ₹1,600 crore through fresh equity. It will also raise ₹2,000 crore through an offer for sale. The funds will support a new Rajasthan unit and reduce debt. Post-IPO, promoter stake will decrease.
No worries over credit demand growth: Guv
Governor Malhotra attributes circumspect mortgage demand to careful borrower decisions and the long-term nature of housing loans, despite a policy rate cut. While mortgage growth has slowed to 9.6%, he emphasizes that overall housing credit remains strong at 14%. Analysts cite cautious lending, softening demand, and increased selectivity as factors contributing to the broader credit […]
NSDL shares list at 10% premium, close higher
National Securities Depository Ltd (NSDL) debuted strongly on the market at ₹880, a 10% premium over its IPO price of ₹800, and closed 17% higher at ₹936. The ₹4,012-crore IPO was heavily oversubscribed, reflecting strong investor demand. NSDL’s market capitalization reached ₹18,720 crore, while its peer CDSL boasts a market value nearly double that amount.
Tilt towards equities a healthy trend in savings: RBI
Governor Sanjay Malhotra observes a shift in India’s financial savings from bank deposits to equities, viewing it as a positive sign of economic growth and a move towards a balanced asset mix. This trend is fueled by declining deposit rates, prompting savers to seek higher returns in the equity market. RBI’s repo rate adjustments have […]
RBI panel suggests keeping weighted average call rate as policy target
An internal working group of the Reserve Bank of India has recommended retaining the Weighted Average Call Rate (WACR) as the main operating target for monetary policy, citing its strong correlation with other overnight rates and effectiveness in signal transmission to instruments like T-bills, CPs, and bonds.
Reports of curbs on weekly options expiry speculative: Sebi Chief
Sebi chief Tuhin Kanta Pandey dismissed reports of curbs on weekly options expiry as speculative, emphasizing the need for structural reforms in equity derivatives. He clarified no communication occurred with the finance ministry regarding this matter. Pandey also urged portfolio managers to curb misleading performance claims to maintain industry trust and ensure clear client communication.