Canara Robeco’s IPO to open on October 9
Canara Robeco Asset Management Company’s IPO will open on October 9. The issue is priced between ₹253 and ₹266 per share. This is an offer for sale by existing shareholders. Canara Bank and ORIX Corporation Europe are divesting their stakes. The IPO aims to raise ₹1,326 crore. The offer will close on October 13.
Microfinance interest rates continue to climb as credit costs stay high
Microfinance interest rates are rising, defying the general trend of declining rates, as lenders grapple with increased credit costs and persistent asset quality issues. Major NBFC-MFIs have hiked their lending rates, widening the range to 18-28% due to higher delinquency and funding costs.
Copper declines on dollar rally despite Grasberg worries
Copper prices have fallen after a strong weekly gain. The US dollar strengthened against the Japanese Yen and Euro. This was driven by political developments in Japan and France. A stronger dollar makes copper more expensive for international buyers. However, mine disruptions are tightening copper supply. Upcoming US economic data may be affected by a […]
Will new CGHS rates truly benefit hospital stocks in the long run?
Hospital stocks surged on Monday following the Ministry of Health and Family Welfare’s announcement of revised rates for approximately 2,000 medical procedures under the CGHS scheme. This significant update, the first in over 15 years, is expected to boost hospital profitability and patient volumes, particularly for those with higher exposure to government schemes.
Valuation comfort sparks fresh buying in IT stocks
Information technology stocks rebounded on Monday, with the NSE IT index jumping 2.3%, as investors deemed recent weakness excessive. Analysts believe most negative factors are priced in, suggesting a potential bottom for the sector. Despite a cautious outlook, selective opportunities exist for medium- to long-term investors.