Gold ticks higher, set for weekly gain on softer dollar
Gold prices saw a slight increase on Friday, poised for a weekly gain due to a weaker dollar. However, hawkish remarks from Federal Reserve officials tempered optimism for a December interest rate cut. Traders are now pricing in a lower probability of further easing, impacting gold’s appeal.
Big-ticket IPOs return to favour as 2025 subscriptions hit four-year high
2025 has seen a surge in demand for large IPOs, with average subscriptions for issues over ₹5,000 crore reaching 17.7 times, the highest since 2021. This broad-based demand, driven by institutional investors and a preference for profitable, proven businesses, marks a shift towards more discerning investment strategies.
Broking firms see profit slide as Sebi curbs hit trading volumes
Broking firms experienced a profit and revenue decline in the September quarter due to reduced market volumes and Sebi’s new regulations. Stricter margin norms and the ‘true-to-label’ circular impacted earnings, while intense competition and technology spending increased costs. Analysts suggest the sector remains under pressure, with future performance dependent on non-broking revenue streams and regulatory […]
RBI has room to cut rates, can’t predict timing: Economists
“While the inflation trajectory is likely to remain benign, the RBI will need to filter the festive and GST-related demand from the cyclical recovery,” said Upasna Bharadwaj, chief economist, Kotak Mahindra Bank. “We remain skeptical on the sustainability of the recent pickup in economic activity and, hence, see some room for further monetary easing.”
Asian Paints jumps 8% in two days on strong Q2 and rival CEO exit
Asian Paints stock surged over 8% in two trading sessions, driven by a strong second-quarter performance and the exit of a rival CEO. The company’s net profit jumped 43%, exceeding expectations and prompting price target upgrades from analysts. Despite renewed investor interest, some analysts remain cautious about a sustained rally, citing capped upsides after the […]
Aviom India Housing Finance promoter offers to settle dues as six entities put in bids
According to the proposal, there would be an upfront payment of Rs 350 crore while the accrued interest would be paid in 24 months after the initial 26 months of principal payment. Ilmi’s plan also includes full repayment to operational creditors and employees amounting to Rs 2.9 crore. She has also suggested that lenders appoint […]
Fusion Finance narrows losses, expects to be profitable in H2
Warburg Pincus-backed Fusion Finance anticipates profitability in the second half of the current fiscal year, marking a turnaround after six consecutive quarters of net losses. The company plans to call for the second tranche of ₹400 crore from investors and aims to increase monthly loan disbursals to ₹550-600 crore from January onwards.
M&M to enter life insurance market via 50:50 JV with Manulife
Mahindra & Mahindra is entering the life insurance sector through a 50:50 joint venture with Canada’s Manulife, committing up to ₹3,600 crore each. Operations are expected to launch within 15-18 months of regulatory approval, with a focus on underpenetrated rural and semi-urban markets. The venture aims for break-even around the tenth year.
Sebi plans concise IPO document to engage investors
The Securities and Exchange Board of India (Sebi) is proposing a separate, concise offer document summary to improve retail investor engagement in IPOs. This initiative aims to make key disclosures more accessible, reducing reliance on unregulated information sources. Sebi is also streamlining the process for pre-IPO pledged shares.
DWS to buy 40% in Nippon Life India AIF business
German firm DWS Group is acquiring a 40% stake in Nippon Life India Asset Management’s alternatives business. This partnership aims to expand operations in alternatives, active, and passive assets. The companies will also jointly launch passive products. A global distribution arrangement is planned for India-focused mutual funds. The alternatives sector in India is poised for […]