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New India Assurance: FY27 profit may get capital gains boost from NSE stake sale, but watch underwriting loss
NIACL's stock surged nearly 30% after the NSE's IPO prospectus revealed NIACL as a selling shareholder. Despite profit growth, NIACL faces underwriting losses and a high combined ratio, leading to a lower valuation multiple compared to competitors.
Aastha Spintex IPO: Price band set at ₹125-136 per share; check key dates, issue details
Aastha Spintex IPO offers shares at ₹125 to ₹136, open for subscription from June 29 to July 1. The offering allocates shares to QIBs, NIIs, and retail investors, aiming to raise ₹170 crore for acquisitions and working capital.
Adani Ports Upgraded To 'BBB' By S&P Global As Strong Cash Flows Support Expansion Plans
The global ratings agency also upgraded the rating on Adani Ports' senior unsecured notes to 'BBB' and assigned a stable outlook, reflecting its expectation that the company will maintain a net debt-to-EBITDA ratio of around 2.6 times over the next 12 to 24 months despite elevated capital expenditure.
Alpha Wave sells entire 1.9% stake in Delhivery; stock falls over 2%
Global investment firm Alpha Wave Global has divested its entire 1.93% stake in logistics giant Delhivery for Rs 665 crore. This significant exit saw the firm offload over 1.44 crore shares. In related news, venture capital firm Nexus Venture Partners also sold a substantial stake in Delhivery, while Mirae Asset Venture Investments reduced its holding in logistics firm Shadowfax Technologies.
Sterlite Technologies share price jumps 5% on launch of ₹45,450 crore QIP; sets floor price at ₹613.69
Sterlite Technologies shares rose 5% to ₹613.35 as the company initiated a QIP to bolster its capital base. The floor price was set at ₹613.69, and the issue opens after regulatory approvals on June 24, 2026.
RBI keeps Rs 1 lakh crore asset rule for upper layer NBFCs
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Lithium Urban bags investment from JSW Green Mobility, co eyes 3-fold growth in 2 years
Lithium Urban Technologies, backed by Eversource Capital, has secured a strategic investment from JSW Green Mobility to fuel a three-fold growth over the next two years. This move aims to boost the company's expansion in response to surging demand for sustainable, tech-driven mobility solutions.
India realty investment defies global volatility; institutional inflows rise 23% in H1
India's real estate investment surged 23% to $4.33 billion in H1 2026, driven by robust domestic capital. Despite global headwinds, 54 deals marked a record half-year. Domestic players funded 64% of investments, offsetting a foreign capital dip. The office sector led with $2.3 billion, attracting significant domestic interest due to strong occupier demand and attractive yields. Experts anticipate foreign inflows to rise as uncertainties ease.
Reserve Bank issues draft Regulatory Principles for Management of Model Risks in Credit
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RBC Capital raises Micron stock price target on supply agreements By Investing.com - Investing.com India
RBC Capital raises Micron stock price target on supply agreements By Investing.comInvesting.com India
RBC Capital initiates VICI Properties stock with $29 price target By Investing.com - Investing.com India
RBC Capital initiates VICI Properties stock with $29 price target By Investing.comInvesting.com India
AI to remain both the biggest market driver and risk over the coming quarters, says Invesco
David Chao, Global Market Strategist–Asia Pacific at Invesco, believes India's investment case is improving, supported by lower crude oil prices, strengthening earnings expectations and expanding corporate margins. While valuations remain relatively expensive, he expects Indian equities to deliver strong performance in the second half of the year, with financial and banking stocks emerging as key beneficiaries of rising demand for capital.