Rupee edges lower against dollar amid oil price concerns, FPI outflows
Indian rupee opens weaker at 95.06 against US dollar as high crude prices and foreign fund outflows weigh on sentiment, RBI steps in to curb volatility.
admin
Anant Raj shares gain 4% after ₹25,000 crore Haryana MoU for data centre, cloud services
Anant Raj said the agreement was to establish a framework of collaboration and co-operation between the firm and HEPC, department of information technology, electronics and communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department, Department of Industries and commerce,…
Stocks to Buy: CLSA expects eyewear maker to cross levels of ₹600 despite valuation chatter
CLSA described Lenskart as a leading eyewear brand in India that is well-positioned to cater to the country’s affluent urban consumers as well as emerging middle-income cohorts, while continuing to offer affordable products for the mass market.
‘A decadal growth opportunity’ – Nomura highlights five data center product categories and its stock picks
Nomura said the competitive landscape in India is consolidated and pricing is disciplined. It said players such as ABB India, Siemens, Hitachi Energy, GE Vernova, CG Power, Cummins, among others, act as oligopolistic suppliers across multiple sub-categories.
Renaissance Investment CIO sees value in IT, autos and financials
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector.…
Ola Electric launches QIP to raise up to ₹500 crore; Stock likely to react
At the end of the March quarter, promoter entities held 34.59% stake in Ola Electric Mobility. Of this, promoter Bhavish Aggarwal held 27.83% stake, as per data available on the exchanges.
Alkem Labs shares in focus as sellers look to offload 1.5% stake via block deal
The term sheet also specifies a 90-day lock-up period on any further sale of shares by the sellers.
Tega Industries shares in focus after completing $1.5 billion acquisition of Molycop
Tega Industries, in partnership with funds managed by affiliates of Apollo Global Management, has acquired Molycop from an affiliate of American Industrial Partners in a transaction valued at approximately $1.5 billion.
Gold, silver edge lower amid West Asia uncertainty and Fed watch
Gold and silver prices slip as investors track West Asia tensions, US data, and Federal Reserve signals on interest rates, with SPDR Gold Trust holdings easing.
NHPC OFS for non-retail investors opens today as government’s disinvestment drive continues
Floor price for the Offer for Sale has been fixed at ₹71 per share, which is a discount of 8% from the stock’s previous closing price.