Jerome Powell signals US Federal Reserve to move slowly on interest rate cuts
Jerome Powell, Federal Reserve Chair, indicated a careful strategy for upcoming interest rate reductions. This contrasts with other Fed officials advocating for quicker action. Stephen Miran suggested a significant rate cut. Michelle Bowman also supported faster cuts due to cooling inflation and a weakening job market. Other Fed officials, like Austan Goolsbee, urged caution, citing […]
NDR InvIT Trust bulk deals: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala trust invests Rs 67 cr
Ace investor Radhakishan Damani and Aryaman Jhunjhunwala’s trust bought shares worth over Rs 166 crore in NDR InvIT Trust via block deals, lifting the stock 4.35% and hitting a fresh 52-week high.
Morgan Stanley, Citigroup invest in Epack Prefab Technologies’ anchor round; co raises Rs 180 crore ahead of IPO
Epack Prefab Technologies garnered Rs 180 crore from anchor investors, including Whiteoak Capital and Morgan Stanley Asia, prior to its Rs 504-crore IPO opening on September 24. The company finalized the allocation of 74.11 lakh shares at Rs 204 per share. Proceeds from the IPO will fund manufacturing expansion and debt repayment.
Medicap Healthcare files papers with Sebi for Rs 240-cr IPO
Medicap Healthcare Ltd has filed draft papers with markets regulator Sebi to raise Rs 240 crore through an initial public offering (IPO).
Nomura sees good times for Indian steel players, picks JSW Steel, Jindal Steel
Nomura reaffirmed its bullish stance on India’s steel sector, citing strong domestic demand, Chinese production cuts, and potential Beijing stimulus. It raised targets for JSW Steel (Rs 1,300) and Jindal Steel (Rs 1,150), forecasting capacity-driven growth and EBITDA expansion. Import curbs, firm demand, and improving pricing dynamics support sector outlook.
Vodafone Idea shares end 4% up ahead of Supreme Court’s Friday hearing
Vodafone Idea shares surged 7% intraday amid investor hopes for Supreme Court relief on Rs 9,450 crore AGR dues. The apex court will hear the plea on September 26, a crucial decision impacting funding plans, debt resolution, and operational continuity for the debt-laden telecom operator seeking clarity on dues reconciliation.
Purple Style Labs files draft papers with Sebi to garner Rs 660 cr via IPO
Purple Style Labs, the parent firm of luxury fashion platform Pernia’s Pop-Up Shop, has filed preliminary papers with capital markets regulator Sebi to raise Rs 660 crore through an initial public offering (IPO).
Rupee hits record low as U.S. tariff, visa policies heap pressure
The Indian Rupee faced a significant drop, hitting a record low. This decline was influenced by concerns over U.S. tariffs and increased H-1B visa fees. Central bank intervention helped to control the losses. The rupee’s performance has been among the weakest in the region this year. Restrictions on services exports could further impact the currency.
Spoilt for choice as 10 IPOs hit D-Street? Analysts pick two winners
Dalal Street sees a crowded day with ten IPOs launching together today. Investors have many options, including Anand Rathi and Seshaasai Technologies. True Colors shows a strong premium. Analysts recommend Solarworld Energy and Seshaasai Tech for long-term investment. These companies combine financial growth with strong business models. Investors should focus on companies with clear growth […]
YES Bank shares rally 10% in 1 month as Sumitomo ups stake. Analysts eye Rs 25, is it a buy?
YES Bank shares are up following Sumitomo Mitsui Banking Corporation’s increased stake. This move boosts investor confidence in the bank’s recovery. Analysts predict the stock could reach Rs 25 soon. YES Bank is planning to enter wealth management and expand branches. The bank reported strong Q1 FY26 results, raising hopes for a credit rating upgrade.