Tata Motors CV arm listing date announced. Check details
Tata Motors’ commercial vehicle arm (TMCV) will debut on exchanges on November 12, completing the automaker’s demerger into two listed entities—one for CVs and another for PVs, EVs, and JLR. Analysts see strong value unlocking potential.
CleanMax gets Sebi nod for Rs 5,200 crore IPO, eyes debt reduction and growth push
Clean Max Enviro Energy Solutions, India’s top C&I renewable energy provider, received Sebi approval for its ₹5,200 crore IPO, comprising ₹1,500 crore fresh issue and ₹3,700 crore OFS. Proceeds will mainly fund debt repayment, expansion, and corporate purposes.
NephroPlus gets Sebi nod to launch IPO, to raise Rs 353 crore from fresh issue
Dialysis services leader Nephrocare Health Services, operating under NephroPlus, has received Sebi’s approval to launch its IPO, comprising a ₹353.4 crore fresh issue and 1.27 crore shares OFS. Proceeds will fund new dialysis centres, debt repayment, and corporate needs.
Fujiyama Power fixes IPO price band at Rs 216-228 per share; issue opens November 13
Fujiyama Power launches Rs 828 crore IPO with a price band of Rs 216–228 per share. Proceeds to fund new facility, repay debt, and support expansion plans.
LIC drops 3 private banks, opts for SBI and Yes Bank. What’s driving this portfolio shift?
LIC significantly rebalanced its portfolio, divesting from major private banks like HDFC Bank and ICICI Bank to aggressively invest in State Bank of India and Yes Bank. This strategic shift highlights a growing confidence in the PSU banking sector’s valuation and future prospects, even as foreign investors flock to private lenders.
Gold, silver shine again as prices rebound after two-week lull
Gold and silver prices are climbing again after a recent fall. Demand has shifted from the festive season to upcoming wedding purchases. This surge is linked to a weaker US dollar and concerns over a US government shutdown. Investors are showing renewed interest in these precious metals as safe-haven assets.
Tariffs on copper are not safeguard measures: US on India’s claim in WTO
The US has rejected India’s claim that its 50% copper tariffs are WTO safeguard measures, stating no basis for India’s proposed duty suspension on American goods. Washington asserts the tariffs, imposed August 1, are national security measures under Section 232, aiming to reduce foreign dependence on critical copper imports.
UP govt hikes sugarcane price for 2025-26 to ₹30/quintal ; ₹2.90 lakh cr paid to farmers in 8 yrs
Uttar Pradesh’s Yogi Adityanath government has announced a significant hike of ₹30 per quintal in sugarcane prices for the 2025-26 season, setting rates at ₹400 for early and ₹390 for general varieties. This move is expected to inject an additional ₹3,000 crore directly to farmers, underscoring the government’s commitment to their welfare and the revival […]
Jefferies, other brokerage firms lower Trent target price up to Rs 4,300 amid growth deceleration, LFL pressure
Brokerages, including Jefferies, Motilal Oswal, Elara Capital, and HDFC Securities, have trimmed target prices for Trent to as low as Rs 4,300 following Q2 results, citing growth deceleration, weak like-for-like sales, and muted consumer sentiment. Despite stable margins, analysts flagged moderation in revenue momentum and advised caution amid rising competition and valuation concerns.
Nuvama initiates coverage on Swiggy with ‘Buy’ rating, sets target at Rs 510 on strong food delivery momentum
Nuvama Institutional Equities initiated coverage on Swiggy with a ‘Buy’ rating and a target price of ₹510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggy’s turnaround in execution, noting it now outpaces Zomato’s growth and stands among India’s largest hyperlocal delivery players.