Legal tangles could stall Vedanta-JAL deal
Vedanta has won the bid for Jaiprakash Associates. The deal worth Rupees 12,505 crore may face hurdles. Legal battles over asset ownership are a concern. Disputes with Yamuna Expressway Authority are ongoing. There are issues with pledged shares in Bhilai Jaypee Cement. Promoter Manoj Gaur’s guarantees add complexity. The resolution process could face court challenges.
Will Urban Company’s IPO deliver returns despite rich valuations?
Urban Company plans to raise ₹472 crore through fresh equity and ₹1,428 crore via offer for sale. While revenue grew 34.1% to ₹1,144.5 crore between FY23-FY25 and the company turned profitable in FY25, net profit dipped 45% in the June quarter. With a high P/E multiple of 62, the IPO is suitable for investors with […]
Will Infosys’ share buyback boost investor confidence?
Infosys’ share buyback announcement has historically boosted its stock performance, raising investor optimism. On Tuesday, Infosys shares surged 5% following the buyback declaration, with the Nifty IT index climbing 2.8%. This marks the IT firm’s fifth buyback, aiming to counter a 20% stock decline this year amid US slowdown worries.
SAT asks Sebi to explain why it withheld documents from Jane Street
The Securities Appellate Tribunal (SAT) has directed SEBI to explain why it withheld documents from Jane Street, a US trading firm accused of manipulating the Indian derivatives market. SAT has also halted in-person hearings in the case until further notice.
Urban Company raises Rs 854 crore from anchor investors ahead of IPO
Urban Company garnered Rs 854 crore from anchor investors before its IPO, which opens tomorrow. The IPO allocated 8.29 crore shares at Rs 103 apiece to prominent investors like SBI Fund and Goldman Sachs. Analysts highlight the company’s strong growth, profitability, and leadership in the home services market, despite valuation concerns.
Jane Street-backed Nebius Group surges 52% intraday after Microsoft pact; 1-year gains top 330%
Nebius Group N.V. shares surged 52% on Nasdaq after announcing a multi-billion dollar AI infrastructure deal with Microsoft. The agreement ensures long-term committed capacity from Nebius’ new Vineland, New Jersey data center.
MF Tracker: Can a 9-out-of-10 times large & mid cap winner sustain its momentum?
Quant Large & Mid Cap Fund, known for its algorithm-driven strategy, has shown strong returns in most of the last decade, outperforming its category in several years. Despite recent underperformance against its benchmark, analysts highlight its potential in various market conditions.
Retail investors hit hard: 8 of top 10 most held stocks in red
Data from the quarter reveals a worrying trend: most retail-favourite stocks have delivered negative returns despite their popularity. However, Tata Motors broke the pattern with a 4.5% gain in Q2FY26, while Tata Steel also managed a 5.7% rise, making them the only two gainers among the top ten.
NSE appoints Srinivas Injeti as Chairman of company’s board
The National Stock Exchange (NSE) has appointed retired IAS officer Srinivas Injeti as its new Chairperson. Backed by SEBI approval, Injeti brings four decades of regulatory, governance, and financial services experience, including leading reforms in insolvency, competition, and corporate laws.
93% cryptocurrency investors want regulation, 84% find current taxes unfair: Survey
India tops global crypto adoption for the third year, but investors demand clarity. A Mudrex survey shows 93% want regulations, 84% call current taxes unfair, and 91% consider crypto policy key to voting decisions.