Rupee keeps hitting new troughs, yet REER shows it’s overvalued
The Indian rupee continues to lose value. Yet, economists believe it is still overvalued based on the real effective exchange rate (REER). Since November, the rupee has fallen about 2 percent. Experts expect the rupee to stay under pressure until clarity on Donald Trump’s policy decisions. Inflation trends will also affect the rupee’s valuation.
Need liquidity infusion before a rate cut: Bankers
They say injecting durable liquidity will be critical since the present ₹2.5 lakh crore deficit is the widest since May 2024. System liquidity has been in deficit over the past six weeks.
Profitable growth crucial for MobiKwik to keep ticking
One MobiKwik’s stock dropped by nearly 13% after reporting increased customer acquisition costs, fixed costs, and user incentives, resulting in net losses for the second straight quarter. The company saw growth in GMV and users but faces challenges in maintaining profitability, alongside an inflated stock price since its listing.
Vedanta Resources to raise $1-billion in dual tranche bonds
Final price guidance for the 5.5-year tranche has been set at 9.475%, while the 8.25-year tranche is at 9.850%, which is tight pricing given the current market environment, the source added. The five-year US treasury currently yields 4.6%.
Sebi mulls demat mandate for new shares post splits
Rules currently allow listed companies to issue securities in the physical mode in case of consolidation of the face value of securities, demerger or split of the face value of securities.
Shoppers Stop Q3 Results: Profit rises 41% to Rs 52 crore on festive season demand for premium goods
Shoppers Stop Q3 Results: India’s Shoppers Stop Ltd reported a significant rise in quarterly profit after two straight quarters of loss. This growth was driven by strong demand for premium products such as watches and perfumes during the festive season. The department store chain saw an 11% rise in revenue from operations. Premium product categories […]
Breakout Stocks: How to trade Adani Power, Adani Energy and Adani Total Gas on Wednesday?
Indian markets rebounded on Tuesday, with the Sensex gaining over 160 points and Nifty50 surpassing 23,100. Momentum, PSU, and metal stocks led gains, while FMCG and IT lagged.
Network18 Q3 Results: Net loss widens YoY to Rs 1,435 crore, revenue falls 23%
Network18 Media & Investments reports a widened consolidated loss of Rs 1,435 crore for Q3FY25, a significant increase from the previous year’s Rs 59 crore. Revenue from operations also fell by 23% to Rs 1,361 crore. Viacom18’s business has merged with Star India, forming a major broadcasting JV with Reliance Industries investing Rs 11,500 crores.
Adani Energy Q3 Update: Co wins projects worth Rs 28,455 cr. Under-construction project pipeline at Rs 54,700 cr
Adani Energy Solutions secured transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024. This increased the company’s under-construction project pipeline to Rs 54,700 crore. The company also reported a 3% year-on-year rise in total units sold for its distribution subsidiary AEML and significant progress in its smart metering business.
Zetwerk selects banks for $500 million India IPO
Indian manufacturing firm Zetwerk Pvt is planning an initial public offering in Mumbai, aiming to raise at least $500 million. The company is working with several banks and could be valued at around $5 billion. Zetwerk aims to list this year and is backed by investors including Peak XV Partners and Lightspeed India Partners.