NHPC offer plugs into green energy appeal, more suited for patient play
NHPC’s offer for sale is underway. Analysts suggest it offers long-term potential for patient investors. The government is divesting up to 6% of its stake. The offer opened for non-retail investors with strong demand. The floor price is set at ₹71 per share. This move aligns with global energy security focus and domestic clean energy […]
IndusInd Bank faces fresh whistleblower allegations
The complaint, a copy of which was seen by ET, was also sent to the Serious Fraud Investigation Office (SFIO), National Financial Reporting Authority (NFRA) and other agencies. It alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial records, evergreening of microfinance loans, suppression of audit […]
South Korea rides AI wave, also overtakes India on m-cap chart
South Korea has surpassed India to become the world’s sixth-largest equity market. This shift is attributed to strong performance from South Korean semiconductor companies. These firms are benefiting from booming demand within the artificial intelligence sector. India’s market has seen a decline, partly due to foreign investor selling amid geopolitical concerns. South Korean tech giants […]
Godrej Industries launches wealth management company
Godrej Industries has launched Godrej Wealth, its new wealth management arm, targeting ₹1 lakh crore in assets under management by 2031. The platform will cater to affluent and high net worth individuals with investable assets of ₹2 crore and above.
Sebi panel weighs cap on clearing house dividends
Regulators are considering new rules for stock exchanges. A plan to limit dividends from clearing houses is gaining traction. Other proposals aim to bolster the financial health of these crucial market entities. These measures seek to enhance stability in the securities market. Discussions are ongoing to finalize these important changes.
Nifty IT logs best run in a year at 4%; TCS, Infosys lead way
Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark.