Can Lumino Industries IPO deliver long-term growth for high-risk investors?
Lumino Industries plans a ₹700 crore initial public offering to reduce debt and boost manufacturing capacity. The company expects to benefit from increased demand for wires and cables. However, its debt has risen significantly due to expansion and working capital needs. Raw material price volatility and customer concentration present key operational risks. The issue is […]
Dollar near eight-day high as US data lifts Fed hike bets
The dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increase. Investors are now keenly awaiting remarks from central banking officials at the Jackson Hole symposium later today. Additionally, insights from the Bank of Japan could signal potential shifts in monetary policy. Meanwhile, other currencies, […]
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an advanced deadline on August 31 that altered original plans tied to deposit-linked fundraising. With the Reserve Bank of India (RBI) moving the timeline forward, many lenders have revised their bond […]
PNB Housing outshines peers on strong loan growth
PNB Housing Finance shares have seen significant gains this year. The company is focusing on affordable and emerging housing segments. This strategic shift aims to improve its valuation and return ratios. Disbursements and net profit are expected to grow robustly in coming years. Stable asset quality and new financing initiatives support future growth.
Wealth managers turn to hybrid SIFs for higher, tax-efficient returns
Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are increasingly included in allocations. These funds offer tax efficiency and differentiated investment approaches. Wealth managers suggest these funds complement core portfolios for investors. SIFs provide flexibility through various investment strategies.
Global Market Today: Nasdaq futures, Asian stocks rise on Nvidia outlook
Contracts for the tech-heavy Nasdaq 100 Index climbed 1.2%, while those for the S&P 500 Index added 0.6% after Nvidia signaled strong sales growth in 2028. The company’s shares rallied 4.2% in extended trading. The upbeat outlook also lifted other AI stocks, including Marvell Technology Inc. and Sandisk Corp., in after-hours trading.
Retail investors turn selective as IPO appetite loses steam in 2026
Retail bidders had fully subscribed to their allotted quota in all 50 IPOs of 2024 – and in 44 out of 49 issues (90%) last year. Even the median of retail bids on IPOs until mid-August has fallen to just 2.32 times the quota in the 42 cases, compared with an astonishing 17.59 times in […]
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts.
Adani Energy wins Rs 4,700 crore Maharashtra transmission project; shares rise
Adani Energy Solutions secured a significant transmission project in Maharashtra. This project will cost approximately Rs 4,700 crore and is for renewable energy evacuation. It will also support pumped storage projects totaling 4,500 MW. The transmission network will expand by 562 circuit kilometers and 9,000 MVA. AESL’s transmission order book now stands at Rs 85,000 […]
Tata Power loses challenge to $490 million arbitration award
Tata Power’s challenge to a $490 million arbitration award was rejected by Singapore’s court. The court upheld damages awarded to Kleros Capital Partners regarding a Russian coal asset bid. Disagreements over leadership and ownership soured the partnership in 2015. Kleros alleged Tata Power misused confidential information and acted in bad faith. The company must now […]