US stocks: US market’s indexes advance with boost from chips, Iran optimism
U.S. stock indexes rose Thursday, led by semiconductor shares and easing inflation fears, despite anticipated Federal Reserve interest rate hikes. Intel surged to a record high after President Trump announced a deal for U.S.-based chip design and manufacturing. Oil prices slid as the U.S. and Iran extended an interim agreement, allowing for continued passage through […]
SpaceX bankers prepare for bond sale of at least $20 billion
SpaceX is preparing to discuss a massive bond offering with investors. The company plans to raise at least $20 billion. This move follows its record initial public offering. The funds will refinance a significant bridge loan. This is SpaceX’s first foray into issuing investment-grade US dollar bonds. The company is also embracing artificial intelligence.
Madhu Kela to become investor in Lloyds Engineering as part of SISCOL acquisition, to receive nearly 73 lakh shares
Lloyds Engineering will acquire an 88.12% stake in Steel Infra Solutions Company (SISCOL) for about Rs 1,073 crore through cash and share swaps. The deal expands its engineering, EPC and infrastructure capabilities, adding manufacturing capacity, design centres and a diversified project portfolio.
NSE IPO to create significant value for investors; Tata Motors a strong long-term bet: Dipan Mehta
Dipan Mehta of Elixir Equities views the National Stock Exchange’s IPO as a significant event for India’s capital markets, promising greater transparency and wealth unlocking for investors. He also advises caution on the automobile sector due to multiple headwinds but remains optimistic about Tata Motors’ long-term prospects, citing its product pipeline and EV strategy.
Sebi board to consider reintroducing open-market window for buybacks on Friday
This Friday, Sebi’s board is gearing up for a pivotal meeting focused on several transformative proposals. Among these is the revival of open-market share buybacks, now with a quicker turnaround. Furthermore, the introduction of GARUDA—an innovative green-channel mechanism—looks to streamline the launch process for Alternative Investment Funds.
Waterways Leisure Tourism announces price band for its IPO opening on June 23
Waterways Leisure Tourism, operator of Cordelia Cruises, has set a price band of Rs 769-808 for its Rs 585 crore IPO opening June 23. Proceeds will support fleet-related lease payments, while expansion plans and improving profitability position the company for growth in India’s cruise tourism market.
Sebi proposes easing margin trading funding rules, tighter broker norms
SEBI has proposed reforms to the Margin Trading Facility, including increasing broker net-worth requirements to Rs 5 crore, permitting LLPs to offer MTF, and expanding funding avenues. These changes aim to enhance operational efficiency and strengthen risk management for brokers.
Accenture cuts revenue outlook, stock crashes 11% in pre-market trading
Accenture has lowered its annual revenue growth forecast. Companies are still cautious about spending on technology. This is happening even as they invest in artificial intelligence and cybersecurity. Accenture is acquiring cybersecurity firms to boost its capabilities. The company expects revenue for the fourth quarter to be below estimates. This signals a broader trend in […]
Nykaa shares jump 8% to fresh 52-week high after unveiling FY30 roadmap; targets up to 3x revenue growth
Nykaa’s parent company, FSN E-Commerce Ventures, saw its shares surge over 8% to a 52-week high after unveiling an ambitious FY30 vision. The company aims to achieve a $5 billion gross merchandise value, driven by disciplined execution and capital-efficient investments.
Smallcap stock jumps 24% in a week as NSE stake could be valued at Rs 850 crore
Maithan Alloys shares saw a significant jump on Thursday. This rally follows the filing of the National Stock Exchange’s draft prospectus for its initial public offering. Maithan Alloys holds a stake in NSE, which is now valued at approximately Rs 850 crore. The NSE IPO is expected to be India’s largest ever.