Are Anupam Rasayan shares poised for long-term gains on Jayhawk deal?
Anupam Rasayan’s stock surged following its $150 million acquisition of US-based Jayhawk Fine Chemicals. This strategic move grants Anupam a US manufacturing presence, enhancing its global CDMO capabilities and polymer portfolio. The deal, funded through internal accruals and structured equity, is expected to be EPS accretive from day one and significantly boost US export share.
Airtel rings in rights issue, shuffles senior leadership
Bharti Airtel’s board has approved calling the remaining ₹15,740 crore from a rights issue. This move aims to cut debt and strengthen the company’s balance sheet. The board also approved a top management rejig. Shashwat Sharma will become the new CEO from January 1. Gopal Vittal will transition to executive vice chairman. Akhil Garg is […]
Asian stocks join Wall Street rally, brace for BOJ hike
Asian markets rebounded, mirroring Wall Street’s tech surge, as investors anticipate a Bank of Japan rate hike. U.S. inflation slowed to 2.7%, though analysts caution about data distortions. Central banks in Europe and Britain signaled a more cautious approach to future rate cuts, impacting currency and bond markets.
Vodafone Idea raises Rs 3,300 crore via NCDs to fund growth
Vodafone Idea has secured Rs 3,300 crore through debenture issuance. This fundraise provides crucial financial support. The money will boost network investments. The issuance was done by its subsidiary, Vodafone Idea Telecom Infrastructure Limited. This move offers the company much-needed financial flexibility.
ECB holds interest rates at 2% for a fourth time
The European Central Bank has held interest rates steady for the fourth time. Inflation is near the bank’s target. The euro zone economy is showing resilience. New forecasts suggest economic growth will strengthen. Inflation is expected to return to the 2% target in 2028. Other central banks like the Bank of England and Federal Reserve […]
Sebi strikes a ‘balance’ in fee change; AMCs, brokers rally
Asset management and broking stocks surged on Thursday following Sebi’s revised mutual fund fee structure and broking fee caps. The regulator’s less severe overhaul, with reduced expense ratio cuts and lower brokerage fee limits, led to a relief rally, with several AMC and brokerage firms seeing significant gains.
Meesho m-cap tops Rs 1 lakh cr in seven sessions after its listing
E-commerce platform Meesho’s market capitalization surged past ₹1 lakh crore within seven sessions of its listing, closing Thursday at ₹234 per share. This significant growth, up 37% since its December 10th debut, is attributed to its focus on Tier 2 and 3 city consumers and a robust, asset-light business model generating positive cash flows.
ICICI Pru AMC could gain up to 10-20% on debut
ICICI Prudential Asset Management’s IPO saw a strong subscription, indicating a likely firm market debut with potential listing gains of 10-20%. Analysts suggest the stock could list above ₹2,500, with some assigning a ‘Buy’ rating and a price target of ₹3,000. The company’s strong fundamentals and industry tailwinds support long-term growth prospects.