Reality check for VDA bets leaves crypto treasuries out in the cold
Bombay Stock Exchange rejected a company’s share listing. The firm planned to invest heavily in cryptocurrencies. This action highlights India’s regulatory void for digital asset treasury companies. Jetking Infotrain, an IT training firm, faced this rejection. The company considers appealing to the Securities Appellate Tribunal. This decision puts future crypto treasury plans on hold.
Tata Capital’s Rs 17,000 crore IPO opens on October 6
Tata Capital, the financial services arm of Tata Group, is set to launch its ₹17,000-crore IPO from October 6-8, marking the country’s largest public offering since Hyundai last year. This significant issue, driven by RBI directives for NBFC transparency, will raise funds to strengthen Tier-I capital and support future lending growth. Tata Sons will remain […]
Pharma Index Down 2%, but Selloff could be an ‘Exaggeration’
Nifty’s Pharma index saw a decline after US President Trump announced a 100 percent tariff on branded drugs from October 1. Analysts noted India’s limited exposure to patented drugs in the US market. Most Indian firms focus on generic medicines, which are not affected by the new tariff. Major Indian players also operate manufacturing facilities […]
Bears capture spooked D-Street for 6th session running
Indian equity indices extended their longest losing streak in FY26 for a sixth consecutive session, driven by new US tariffs on drugs and trucks, increased H-1B visa fees, and Accenture’s cautious outlook. This battered investor sentiment, leading to broad-based selling across sectors and a surging fear gauge. The rupee also traded near its record low.
NCDEX shareholders approve Rs 770 crore preferential issue to fund equity, equity derivatives launch
NCDEX secured shareholder approval to issue Rs 770 crore worth of shares, marking a key step toward launching equity and derivatives segments by 2026, strengthening its multi-asset exchange vision.
Aarvee Engineering, Deon Energy file DRHPs with Sebi to raise Rs 202 crore and Rs 150 crore via fresh issue
Aarvee Engineering Consultants and Deon Energy have filed DRHPs with SEBI for IPOs worth Rs 202.5 crore and Rs 150 crore respectively, to fund expansion, debt repayment, and working capital needs.
CarTrade shares more than double in 1 year. Elara sees 36% upside, here’s why
CarTrade Tech surged nearly 8% to Rs 2,648.25, extending a 146% rally, after Elara Capital’s ‘buy’ call with a Rs 3,590 target and Norway’s wealth fund stake boosted investor sentiment.
Raymond Lifestyle shares slide 4% as Income Tax Department conducts survey at offices and units
Raymond Lifestyle shares fell 4.2% to Rs 1,200.55 after the Income Tax Department conducted surveys at its offices and plants, triggering investor caution despite recent short-term gains.
IPO wave gains momentum as Tata Capital, LG Electronics eye October launch
India’s primary market anticipates a surge in IPOs, including major offerings from Tata Capital and LG Electronics, potentially impacting market liquidity. While large fundraising and festive spending may pose challenges, robust SIP flows and institutional support are expected to maintain stability. Long-term foreign investors remain optimistic about India’s growth prospects, despite short-term volatility.
Defence stocks offer long-term visibility, but valuations still stretched: Sandip Sabharwal
Tata Motors faced concerns after a cyber attack impacted JLR, but an expert suggests the situation is stabilizing. GST cuts in India and a potential US-UK trade pact could boost the company’s prospects. While cautious about the H-1B visa debate’s impact on technology, the expert sees long-term potential in defense stocks like Bharat Electronics, despite […]