UltraTech to pick up 26% in Sunsure Solarpark Seven
UltraTech Cement is set to acquire a significant stake in Sunsure Solarpark Seven. This move aims to secure green energy for UltraTech. The acquisition will help optimize energy costs and meet regulatory demands. The deal is expected to be finalized within 180 days. This strategic investment underscores UltraTech’s commitment to renewable energy.
A few days or a few weeks, Iran war unlikely to create lasting issues for Indian economy, says veteran banker KV Kamath
Prominent banker KV Kamath is optimistic about India’s prospects, confidently stating that the ongoing US-Israel and Iran strife won’t pose a significant threat to Indian enterprises. With new urban hubs rising, India’s development path is positioned to stand shoulder to shoulder with world-class cities.
Axis Bank to infuse Rs 1,500 crore into Axis Finance after RBI eases rules
Axis Bank will inject Rs 1,500 crore into its subsidiary, Axis Finance, by March 2027. This capital infusion will be through a rights issue. The bank had previously considered selling a stake in Axis Finance but shelved the plan. This decision follows revised RBI guidelines allowing group entities to operate in similar businesses.
Unloved rally: Markets rebound amid scepticism after sharp March sell-off
Markets are experiencing a cautious rebound after recent declines. This rally, fueled by short covering and domestic institutional buying, is met with skepticism. Experts suggest a decisive shift depends on a resolution to the West Asia conflict. Foreign institutional investors continue to sell, adding to market unease. Traders await clarity on the geopolitical situation before […]
HDFC Bank chair quits, cites conflict over ‘values and ethics’
HDFC Bank chairman Atanu Chakraborty has resigned from the board. He cited practices within the bank that did not align with his personal values and ethics. Keki Mistry has been appointed interim chairman for three months. Chakraborty’s tenure saw the significant merger of HDFC Bank with HDFC. His departure raises investor concerns for the systemically […]
If you’re not invested in India, it’s time to start: Vincent Mortier, CIO, Amundi
Amundi’s CIO Vincent Mortier views the market’s reaction to the West Asia conflict as logical and contained, with investors anticipating a resolution within weeks. He notes that while markets haven’t corrected enough for a definitive buying opportunity, it may be too late to sell, especially for India, which presents an attractive long-term investment window.