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I Squared, TPG-CPPIB consortium nears bid for KKR-backed Re Sustainability
I Squared Capital and a TPG-CPPIB consortium are preparing final bids for KKR-backed Re Sustainability in a deal valued at up to $1.4 billion, as rival private equity firms exit the race.
Samir Arora of Helios Capital backs SIPs, challenges critics: 'Prove market timing works' - Mint
Samir Arora of Helios Capital backs SIPs, challenges critics: 'Prove market timing works'Mint
HDFC Securities sees limited impact from RBI's new prop trading rules, expects firms to adapt
Abizer Diwanji, founder of NeoStrat Advisors LLP, pushed back on the idea that the RBI is targeting capital markets directly, noting that market regulation is SEBI's — the Securities and Exchange Board of India's — job, not the RBI's. Instead, he said, the central bank's goal is to prevent bank funding from inflating asset prices in ways that create systemic risk.
Renfra Energy India files DRHP with Sebi to raise ₹430 crore via IPO
Renewable energy EPC firm plans to use proceeds for debt redemption, working capital needs and general corporate purposes
EPACK Durable gets Andhra Pradesh nod for Rs 1,084 crore investment under Electronics Manufacturing Policy 4.0
EPACK Durable and its subsidiary will invest over Rs 1,000 crore in Andhra Pradesh to boost manufacturing of air conditioners, washing machines, and other appliances. The state government has approved a special incentive package, including land allotment and capital subsidies, to support this expansion. This move is expected to create approximately 1,600 jobs and significantly enhance the company's production capabilities.
Bitcoin slides to lowest level in 21-months amid rate hike as US dollar strengthens
"Hawkish comments by US Federal Reserve policymakers are fueling expectations for higher rates, encouraging capital away from assets like cryptocurrencies that don't pay a yield. Investors pulled more than $4 billion from US-listed Bitcoin exchange-traded funds in June, the most since they launched two years ago."
ATF and Commercial Gas prices reduced
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Property management platform Crib acquires rent financing company CirclePe
Crib, a property management platform for co-living spaces, has acquired rent financing company CirclePe. This strategic move integrates embedded finance into the rental process, eliminating security deposits for tenants and providing operators with advance rent payments. CirclePe, founded by Navan Jaiswal and Ankur Yadav, previously secured significant pre-seed funding. The acquisition aims to streamline rental transactions and boost working capital for operators.
Kotak Institutional removes ABB India, Siemens, Cummins India from model portfolio
Kotak Institutional Equities' Sanjeev Prasad prefers private banks over IT and expensive industrial stocks, citing attractive valuations, stable credit growth and the potential for re-rating. He warned that AI-driven pricing pressure makes it difficult to value IT companies and said investors should avoid chasing richly valued capital goods and electrification stocks despite strong long-term themes. Healthcare, hospitality, retail and telecom remain among his preferred sectors.
Government extends full customs duty exemption on critical petrochemical products till 15th July 2026
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Kharif area down 23%, sharp slide in oilseeds acreage
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RITES Shares In Focus As PL Capital Remains Bullish On Execution-Led Growth, Sustainable Margins — Check Target Price
RITES shares in focus after PL Capital reiterated a Buy', citing strong execution-led growth visibility despite near-term margin normalisation.