Adani Green Energy repays $750 million bonds using cash
Adani Green Energy has fully repaid its $750 million Holdco Notes, which were used to fund its expansion over the past three years. The company used its cash reserves and a redemption reserve account, avoiding the need for refinancing. Adani Green’s capacity grew from 3.5 GW to 11.2 GW during this period.
Up to 450% gain in m-cap! Demerged cos unlock big gains for investors
Investors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450%. Companies like Edelweiss Financial, Shipping Corp of India, and TVS Holdings saw substantial gains. Demergers allow better value creation and alignment with industry trends, leading to improved market performance.
Fall in oil prices on downturn fears a concern for India: Morgan Stanley
Morgan Stanley warns that the recent decline in oil prices could be concerning for Indian equities if it signals a global slowdown. While lower oil prices might seem beneficial for India’s economy, the impact depends on the reasons and duration of the fall.
Asian stocks fluctuate as traders await US CPI: Markets wrap
Asian stocks showed mixed movements as traders looked past Wall Street’s rebound ahead of key US inflation data. Tokyo and Sydney saw slight gains, while Seoul experienced a decline. The S&P 500 rose 1.2% after a rough start to September. Focus shifts to upcoming US inflation data, with global economic concerns persisting.
Stocks in news: Infosys, Dixon Tech, AstraZeneca Pharma, HAL, GMR Airports
Stocks in news: Domestic markets started the week on a subdued note, ending nearly flat. Key stocks in focus include Infosys, Dixon Tech, AstraZeneca Pharma, HAL, and GMR Airports due to various developments. Notable updates include Infosys employees cleared of insider trading charges and AU Small Finance Bank’s new agreement with Kotak Mahindra Life Insurance.
Trent, Zomato help Junior Nifty beat midcap and smallcap peers. Where to invest?
Tata Group’s Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering […]
GMR Airports to acquire 10% stake in Delhi International Airport at estimated $126 million
GMR Airports Infrastructure will acquire a 10% stake in Delhi International Airport Limited (DIAL) from Fraport AG for $126 million. GMR, which already holds 64% of DIAL, anticipates completing the transaction within 180 days.
Sebi dismisses insider trading charges against Infosys staff & entities, lifts market restrictions
Sebi lifted restrictions on Infosys employees and related entities, dismissing insider trading charges. The regulator vacated previous orders from 2021, allowing the affected individuals and entities to access the securities market and releasing any impounded funds.
Hinduja Group firm IIHL to raise Rs 3,000 crore via NCDs
The central bank had appointed Nageswara Rao Y as the administrator, who invited bids in February 2022 to take over the company.The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process for Rs 4,300 crore is parallelly underway which will be subject […]
Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday
Although the Nifty’s short-term trend is still weak, the market shows promising signs of a sustainable recovery after a minor dip. According to Nagaraj Shetti of HDFC Securities, crossing the 25,150 level is crucial for confirming a potential upward trend reversal. He also notes that immediate support lies at 24,750.