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Ola Electric, Ather Energy shares jump up to 11% as Delhi govt approves new EV policy. What to expect?
Shares of Ola Electric and Ather Energy surged up to 11% after the Delhi Cabinet approved the EV Policy 2.0 with a Rs 15,000 crore outlay. The policy offers incentives for electric two-wheelers, targets 95% EV registrations by 2027 and is expected to accelerate electric mobility adoption in the capital.
Motilal Oswal initiates coverage on Tata Capital, gives target price and re-rating triggers
Motilal Oswal has initiated coverage on Tata Capital with a 'Neutral' rating and a target price of Rs 390, implying an 8% upside from current levels. The brokerage expects healthy AUM growth and improving profitability but believes the company's current valuation already reflects its medium-term growth and earnings potential.
PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant
Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved capital allocation, positioning the new giant for significant growth.
Yes Bank to raise up to $1.7 billion via equity, debt issue
Yes Bank is poised to raise up to ₹160 billion through a strategic mix of equity and debt offerings. The board has approved an equity issuance of as much as ₹75 billion alongside a debt issuance reaching ₹85 billion. This approach is designed to strengthen the bank’s capital framework while minimizing dilution for current shareholders and adhering to regulatory standards.
Delhi EV policy gets Cabinet nod, govt to invest Rs 15,000 crore to boost green mobility
Delhi's Cabinet has greenlit an electric vehicle policy, set to launch by July 1, with a substantial Rs 15,000 crore investment planned over four years. The policy may offer a 50% road tax waiver on hybrid vehicles up to Rs 30 lakh, aiming to accelerate electric mobility adoption despite some internal debate. This move signals a significant push towards greener transportation in the capital.
Clean Max Enviro Energy Solutions allots 41,120 equity shares under ESOS
Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs 11,71,75,990 to Rs 11,72,17,410.
India's AI infrastructure opportunity is being underestimated, says Abhay Laijawala
Abhay Laijawala, MD & CIO-India at Lighthouse Canton, believes key concerns weighing on India—including oil prices, currency stability and the perception that India lacks an AI story—are turning into tailwinds. He argues investors are overlooking India's role in the global AI infrastructure buildout, spanning data centres, power, cooling systems and capital goods. Laijawala is positive on engineering, capital goods and textiles, while remaining cautious on consumer staples due to El Niño risks.
India near bottom of global rankings, but that's exactly why to stay invested: Devina Mehra
Devina Mehra, Founder, Chairperson and MD of First Global, remains positive on pharmaceuticals, automobiles, capital goods and power-related businesses while cautioning that current AI-related valuations may not deliver corresponding returns. Mehra also expects Indian IT services firms to play a role in enterprise AI adoption despite concerns around employment and spending cycles.
Leapfrog Engineering Services share price hits 5% upper circuit after listing at discount
Leapfrog Engineering Services had a disappointing debut on BSE SME, opening at ₹22, 4.3% below its issue price. The IPO, which closed on 19 June, attracted a subscription status of 2.70x with plans for proceeds to support expansion and working capital.
Mammoth Energy stock jumps as Wexford Capital ups stake By Investing.com - Investing.com India
Mammoth Energy stock jumps as Wexford Capital ups stake By Investing.comInvesting.com India
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: Kotak - Moneycontrol.com
India needs greater self-reliance, lower dependence on foreign capital, defence, energy and tech: KotakMoneycontrol.com
Akash Ambani and team prepare Jio for a historic market debut
The Reliance Group company plans to raise funds through a primary issuance of 270 million equity shares, representing around 2.9% of its post-issue share capital, with proceeds earmarked largely for repayment or prepayment of outstanding borrowings worth ₹27,500 crore.