SC allows Aakash Educational Services to go ahead with rights issue
The Supreme Court has allowed Aakash Educational Services to proceed with its rights issue. This fundraising move was challenged by Byju’s bankrupt parent company, Think & Learn. The court asked Think & Learn to subscribe to the shares by next Monday. Aakash Educational Services assured the court that Think & Learn’s shareholding would be protected.
Asian shares advance at open, gold edges lower
Asian stocks saw a modest rise in thin holiday trading, influenced by a volatile US session and concerns over the AI outlook. Investors are closely watching the Federal Reserve’s interest rate path, with mixed signals from officials regarding potential cuts. Attention also turns to the Reserve Bank of New Zealand’s policy decision later today.
What lies ahead for Indian IT as brokerages reevaluate growth prospects?
Brokerages Nomura and UBS assess the impact of AI on Indian IT stocks, with Nomura suggesting current sell-offs are front-loading pains and UBS highlighting the importance of adapting to AI. Both acknowledge transition challenges but see potential for stock floors due to cash flows and dividends. Adaptability to AI adoption and pricing model shifts will […]
Asian Paints faces near-term headwinds as weak Q3 dampens sentiment
Asian Paints stock dropped after a weak December quarter. Softening demand, extended monsoon, and competition impacted sentiment. The company expects market share gains in waterproofing and home decor. Despite slower decorative volume growth, margins expanded due to lower raw material costs. Brokerages have trimmed earnings estimates. Cost savings and new products will support profitability as […]
Sharp drop in gold and silver prices fails to trigger buying rush
Gold and silver prices have seen significant drops, with gold falling nearly 16% and silver by 38%. Despite this, buyers remain cautious, hoping for further price declines, with demand primarily seen for wedding purchases.
More leveraged deals, lower base effect spur brokerage recovery in Q3
Indian stockbrokers saw improved revenues and profits in the third quarter. Trading volumes increased, boosted by leveraged deals and higher interest income. Exchanges like BSE and NSE also reported growth. This performance was supported by strong activity in cash and derivatives markets, as well as healthy primary market participation. Volatility in commodities also lifted trading […]
India Inc could raise a cool $100 billion as RBI eases ECB norms
The Reserve Bank of India has eased external commercial borrowing rules, potentially allowing Indian companies to raise up to $100 billion in 2026-27. Key changes include higher per-borrower limits, relaxed end-use permissions, and the removal of pricing restrictions, making overseas funding more accessible and attractive for corporate expansion and acquisitions.