Market News
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Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Brigade Enterprises, Bain Capital form 50:50 JV for ₹2,200-cr premium Bengaluru project
The project in Whitefield, Bengaluru, will be developed on an 11-acre land parcel with a total investment of ₹2,200 crore. Shares of Brigade Enterprises Limited ended at ₹800, down by ₹2.65, or 0.33%, on the BSE today, April 29.
Buyback Alert: IT company approves ₹720 crore repurchase plan at 20% premium
The company plans to repurchase 64 lakh equity shares, representing 5.76% of its total paid-up equity share capital, according to an exchange filing.
Lumio eyes Series A round after $4 million seed funding
Lumio, a new home entertainment firm, plans to raise more funds. The company, started by ex-Xiaomi and Flipkart staff, already secured $4 million. Lumio aims to grow its range of premium televisions. It targets a growing market segment. The firm is also navigating supply chain challenges.
HCL Tech’s growth premium is vanishing. Can AI help win it back?
As a weak FY27 outlook triggers a sharp sell-off, the IT major is pivoting toward industrial-scale AI infrastructure to offset a slowdown in its traditional business. Will this bet pay off?
Stocks to Watch for April 17: Wipro, HDFC Life, Axis Bank, RVNL and more
From Wipro expecting to grow between -2% to 0% in constant currency terms for the first quarter of FY27 on a sequential basis to HDFC Life reporting a total annualised premium equivalent of ₹5,254 crore for Q4FY26, these are some stocks to track ahead of Friday's trading session.
Game of cards: Top banking players opt for tight gambit, rivals up the ante
Since the start of the calendar year, major devaluations have hit multiple premium and super-premium cards, shocking the high spenders. No card has been spared, be it the ICICI Emeralde Private Metal (removal of some vouchers for accelerated rewards), American Express Platinum Travel (higher spend milestones for bonus rewards), or Axis Bank (removal of three popular transfer partners without advance notice). HDFC Bank, too, has asked its Infinia customers to clock in annual spends of at least Rs 18 lakh or maintain a total relationship value of at least Rs 50 lakh to retain the by-invite-only metal.
General insurance reports 9% GWP growth in FY26
India's general insurance sector saw robust growth in FY26. Gross written premium increased by 9%, reaching ₹3.36 lakh crore. This expansion was fueled by private insurers and strong demand for health and motor policies. Standalone health insurers outperformed, showing a significant 22% rise. This segment continues to be a key driver for the industry's overall success.
DG Shipping orders ports to pass export concessions upfront, flags war-risk charges
India's Directorate General of Shipping is ensuring exporters with stranded Gulf-bound cargo receive immediate concessions. Ports must pass on waivers directly, not through reimbursements. Shipping lines must also transparently reflect war-risk insurance premium revisions in freight charges. This move aims to protect exporter interests and maintain operational continuity during the ongoing crisis.
Bajaj Housing Finance shareholders have an important session on April 13; Here's why
Bajaj Housing Finance shares listed on the stock exchanges in September 2024, with a 114% premium to their issue price of ₹70 apiece. They then went on to hit a post-listing high of ₹188.5 per share. The stock is currently 56% below those levels.
EFC (I) achieves 90% occupancy for its premium Grade-A office infra at Wakadewadi, Pune
EFC (I) announced a significant operational milestone that Sprint Business Center, Wakadewadi, Pune, a fully owned asset of the company spread over 49,556 sq., has now been successfully developed as a premium A-Grade commercial workspace and has achieved over 90% occupancy in record time.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.