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TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers
Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.
ICICI Prudential Life Insurance Changes Name To ICICI Life Insurance
This development comes after the company had its status changed from 'Promoter' to 'Investor'.
Nifty trades above 24,400 level; metal shares advance
At 14:30 IST, the barometer index, the S&P BSE Sensex jumped 481.95 points or 0.62% to 78,245.86. The Nifty 50 index surged 139.60 points or 0.58% to 24,410.45.
10 Nifty stocks Motilal Oswal recommends buying ahead of Q1 results. What can shareholders expect?
As the Q1FY27 earnings season begins with TCS's results on Thursday, Motilal Oswal expects Nifty earnings to grow 10%, the fastest pace in four quarters. The brokerage has identified 10 stocks, including Bharti Airtel, SBI, ICICI Bank, M&M and Titan, that it believes offer attractive upside ahead of the June quarter earnings, backed by strong fundamentals and growth prospects.
Glenmark Pharmaceuticals Ltd stays supported
Glenmark Pharmaceuticals Ltd is quoting at Rs 2260.5, up 2.24% on the day as on 12:49 IST on the NSE. The stock is up 21.53% in last one year as compared to a 4.02% slide in NIFTY and a 15.14% slide in the Nifty Pharma index.
Hindalco Industries Ltd rises for third consecutive session
Hindalco Industries Ltd is quoting at Rs 976.1, up 2.4% on the day as on 12:49 IST on the NSE. The stock is up 41.03% in last one year as compared to a 4.02% drop in NIFTY and a 33.49% drop in the Nifty Metal index.
Muthoot Finance Ltd soars 1.8%, up for third straight session
Muthoot Finance Ltd is quoting at Rs 3110, up 1.8% on the day as on 12:49 IST on the NSE. The stock is up 16.89% in last one year as compared to a 4.02% fall in NIFTY and a 0.71% fall in the Nifty Financial Services index.
IDFC First Bank Ltd up for third straight session
IDFC First Bank Ltd is quoting at Rs 81.28, up 1.02% on the day as on 12:49 IST on the NSE. The stock is up 4.59% in last one year as compared to a 4.02% slide in NIFTY and a 2.5% slide in the Nifty Bank index.
Sensex jumps over 600 points, Nifty above 24,450: Top 6 factors fueling today's Dalal Street rally
Indian stock markets soared on Monday, with Sensex and Nifty extending their rally for a fourth straight session. Heavy rainfall bolstering monsoon hopes, coupled with Foreign Institutional Investors turning net buyers, significantly boosted investor sentiment. HDFC Bank led the gains, while broader markets also saw positive movement, adding substantial value to the overall market capitalization.
AU Small Finance Bank Ltd soars 1.11%, up for fifth straight session
AU Small Finance Bank Ltd is quoting at Rs 1070.2, up 1.11% on the day as on 12:44 IST on the NSE. The stock is up 31.5% in last one year as compared to a 3.99% drop in NIFTY and a 2.58% drop in the Nifty Bank.