Higher costs, capacity curbs weigh on IndiGo shares after Q3 show
IndiGo’s shares fell on Friday following a significant drop in quarterly profit. Brokerages offered mixed views, citing short-term challenges like rising costs and currency issues. However, many remain positive about the airline’s long-term growth potential. Analysts project potential upside for the stock in the coming year, despite some caution regarding immediate future earnings.
Kotak arm hopes to close its $2-billion fund in 6 months
Kotak Investment Advisors is set to launch its largest-ever fund, the $2 billion Kotak Strategic Situations Fund III, with a first close expected by March and final close by June. Building on past successes, the fund will invest in strategic opportunities across equity, debt, and hybrid instruments. Existing investors are participating, alongside strong interest from […]
Dow ends lower after topsy-turvy week, as Intel’s outlook weighs on market sentiment
U.S. stocks experienced a mixed close on Friday, with the Dow Jones Industrial Average falling due to Intel’s sharp decline on a weak outlook. Despite geopolitical concerns and a volatile week, investors remain confident in the robust American economy. The upcoming “show-me” season for tech earnings, particularly from the Magnificent Seven, will be crucial for […]
Adani Group stocks slide up to 14% on US SEC heat
Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder Gautam Adani and nephew Sagar Adani. Allegations involve fraud and a bribery plot. The group’s market value dropped by over $9 billion. Investors are advised to wait for clarity.
Sebi approval opens door for 13 IPOs across diverse sectors
Securities and Exchange Board of India has given the green light to thirteen companies for their Initial Public Offerings. Firms like Sify Infinit Spaces and Commtel Networks are among those that received Sebi’s final observations. This clearance allows these companies to move forward with their plans to raise capital through the stock market.
Silver and Gold Sizzle on geopolitical heat
Silver and gold prices climbed on Friday, driven by strong safe-haven demand amid ongoing geopolitical uncertainty and expectations of easier US monetary policy. In the domestic retail market, silver rose 6.42% to ₹3,18,960 per kg, while gold gained 3% to ₹1,55,428 per 10 gm.
Sensex, Nifty slide nearly 1% as falling rupee, global tensions spark risk-off trade
Indian stock markets ended a difficult week with a significant drop on Friday. The rupee hit new record lows, and global tensions fueled investor caution. Shares of Adani Group companies saw a sharp decline. Broader markets also experienced substantial losses. Investors are concerned about global uncertainty and potential conflicts.
Adani regulatory buzz, offshore flows push rupee to new lows against dollar
The Indian rupee hit a record low of 91.97 against the dollar on Friday, driven by equity selling and importer demand. Reports of potential US regulatory summons to billionaire Gautam Adani in connection with alleged bribery and fraud significantly impacted the currency’s retreat. Foreign investors have divested over $3 billion from Indian markets this month.
Three more global companies set to hop on India’s GCC train
Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.