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INR settles higher on positive cues from local equities; Weak greenback supports
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90.
NBCC gains on securing Rs 159-cr orders for Education Infrastructure Projects in Odisha
NBCC (India) rose 2.30% to Rs 99.25 after it has secured four domestic project management consultancy (PMC) contracts worth a combined Rs 158.95 crore for construction of education infrastructure projects in Odisha.
SP Group secures Rs 21,500 crore to refinance debt
Shapoorji Pallonji Group secured significant funding through debt issuance. This refinancing effort attracted both domestic and global institutional investors. The company raised approximately Rs 21,500 crore in its initial funding tranche. Investors showed strong interest, with many participating for the first time. This move is part of a larger plan to replace higher cost debt.
Shapoorji Pallonji prices Rs 21, 500 cr financing with Deutsche, BlackRock among investors
Shapoorji Pallonji Group secured significant funding through debt issuance. This refinancing effort attracted both domestic and global institutional investors. The company raised approximately Rs 21,500 crore in its initial funding tranche. Investors showed strong interest, with many participating for the first time. This move is part of a larger plan to replace higher cost debt.
India's EV components opportunity to hit Rs 3.55 lakh crore by 2032 amid localisation push
India's electric vehicle components market is projected to grow significantly. This market is expected to reach approximately Rs 3.55 lakh crore by 2032. Battery packs will dominate over half of this component market. However, battery packs and inverters remain import-dependent segments. Strategic investments will secure India's global EV value chain position.
Global PE firm Invus nears ₹500 crore minority stake in restaurant operator Popo Ventures
Invus Group is close to investing ₹500 crore in Bengaluru-based restaurant operator Popo Ventures, underscoring rising private equity interest in India's fast-growing dining sector.
HCG uses AI, patient data to personalise cancer treatment: BS Ajaikumar, founder
Healthcare Global Enterprises is using artificial intelligence and patient data. Algorithms are being developed to personalise cancer treatment and improve outcomes. The company analyses clinical and genomic data to classify patients for better decisions. HCG partnered with Accenture to enhance its AI research capabilities.
India's NSE to pitch IPO to 30 global investors as play on deepening capital markets: Reports
Investor meetings are set to begin next week, with a listing expected around October, said the sources, who are directly familiar with the IPO process.
IEA's Russian oil output forecasts cut after Ukraine attacks
IEA downgrades Russian oil production outlook due to Ukrainian attacks on energy infrastructure, impacting global supply.
NBCC arm HSCL bags ₹159 crore Odisha project management contracts
The fresh wins include a mega education complex in Keonjhar and two Kendriya Vidyalaya campuses, adding nearly ₹159 crore to NBCC's education infrastructure portfolio.
NSE to pitch IPO to 30 global investors, betting big on India’s deepening capital markets - BusinessLine
NSE to pitch IPO to 30 global investors, betting big on India’s deepening capital marketsBusinessLine
India's NSE to pitch IPO to 30 global investors as play on deepening capital markets, sources say - Reuters
India's NSE to pitch IPO to 30 global investors as play on deepening capital markets, sources sayReuters