Market News
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IRFC to raise ECB loan worth $2 billion to finance large infra projects
Indian Railway Finance Corporation is set to raise USD 2 billion through external commercial borrowing. This funding will primarily be in Japanese yen to support business growth in the current financial year. The company has already secured a loan agreement for USD 1.1 billion.
SIPs not the villain behind rupee weakness, says Samir Arora after Jefferies report
Fund manager Samir Arora countered that alternatives to SIPs wouldn't necessarily aid the economy, emphasizing that current domestic investment has supported markets against foreign selling pressure.
Retail players can skip Central Bank of India OFS, say analysts, cite margin and earnings concerns
Retail investors are being urged by market analysts to steer clear of the government's shares sale in Central Bank of India. The bank's current margin issues and uncertain future profitability raise red flags. Despite the attractive discount on the offer price, experts forecast further share sales needed for compliance, leading to persistent sales pressure on the stock.
Why Resources, Energy Are New Pillars Of Growth Portfolio
Here is an analysis of why the resources and energy sector stands out as a compelling investment option in the current scenario.
Honda to drive in over 10 new models by 2030
Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.
Honda's India Bet In Top Gear: Six Launches Planned This Fiscal, Honda City Launch, ZR-V Debut, And More
Honda expects to post double-digit growth in India this fiscal and aims to outperform the broader industry. In the current fiscal year, the company will roll out six new models, with two being launched today.
LIC shares jump after 'bull' expects 84% upside but also cites overhang after Q4 results
With the estimated financial year 2027 Enterprise Value at higher levels than the current market levels, Citi calls LIC's valuations to be benign.
Aditya Birla Group bets big on IPL boom, says media rights frenzy is far from over
Aditya Birla Group sees strong future growth for Indian sports. The group believes IPL media rights will keep increasing in value. This is despite current worries about fewer bidders. India's economy and sports viewership are rising. Premium sports assets are also scarce. This supports future valuations. The group recently bought Royal Challengers Bengaluru. They are optimistic about the long-term trend.
NFP Sampoorna Foods IPO allotment in focus today; latest GMP, step-by-step guide to check status
NFP Sampoorna Foods IPO allotment date is 21 May. Investors can verify their status on Skyline Financial Services' website. Refunds for non-receivers commence on 22 May, with shares credited to successful applicants' accounts. Current IPO GMP is ₹0.
Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the story
India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. Jefferies reports that capital flows are low, not the current account deficit. Foreign investors have sold equities worth billions. Domestic savings are now funding these outflows. The Rupee is undervalued, but a rebound is possible.
IRDAI may ease norms for insurance cos to invest more in REITs, InvITs
Insurers may soon see relaxed investment rules for real estate and infrastructure trusts. The regulator is considering a combined 6% exposure limit, up from the current 3% for each. Strong investor interest in recent infrastructure offerings, like the Raajmarg InvIT, has fueled demands for greater insurer participation in these long-duration yield assets.
Sebi may allow third-party payments in mutual funds, ease transaction norms
The proposal marks a departure from current regulations that require that all mutual fund transactions must happen with the investor’s verified bank accounts, to enable maintenance of a digital trail.