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SBI Funds Management debuted on the stock market at a premium price. The company raised over ₹9,813 crore through its initial public offering. SBI plans no further stake dilution in the asset management company. The fund house is investing in new Alternative Investment Funds capabilities. SBI Funds aims to expand its reach into B30 markets.
Serentica Renewables has secured over $1.19 billion across three financing transactions. This funding will accelerate capacity expansion and support delayed renewable energy projects. A $345 million loan comes from the Asian Development Bank and other lenders. MUFG underwrote a $397 million green term loan now being syndicated. The company aims to supply over 50 billion…
The optimism follows RBI’s disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that has already eased earlier concerns the scheme was struggling for traction. Of the total, FCNR(B) deposits accounted for the largest share at $17.4 billion, mobilised within six weeks of the scheme becoming operational. This was…
Wall Street closed higher as semiconductor stocks rebounded sharply, lifting major indexes despite tariff tensions and Middle East risks. Investors are positioning ahead of key tech earnings, betting on AI-driven growth. Gains in 3M and Hasbro contrasted with declines in Danaher and MSCI, highlighting mixed corporate signals.
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Cube Highways Trust secured Rs 1,687.5 crore from anchor investors before its public offering. The Infrastructure Investment Trust plans to raise Rs 5,000 crore through this upcoming public issue. Prazim Trading and Investment Co emerged as the largest anchor investor, committing Rs 300 crore. Strategic investors also subscribed to units worth Rs 1,250 crore prior…
Sunteck Realty reported a twenty-six percent profit increase for the first quarter. Healthy residential sales and improved operating margins supported this growth. The company’s net profit rose to approximately forty-two crore rupees. Customer collections also saw a seventeen percent year-on-year increase. This performance indicates sustained demand in the premium housing segment.
Mahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net interest margins and reduced provisions. The chief executive highlighted the positive impact of a recent rights issuance on the cost of funding. Disbursements soared by twenty-two percent, and there was notable growth in the non-wheels sector….
Market regulator Sebi has required tht depositories must implement a new promoter holding freeze mechanism by August 1. This framework will cover ISIN-level freezing and operational guidelines for companies.
Tata Group-backed IHCL reported its 17th consecutive record quarter, with Q1 FY27 net profit rising 18.5% and total income up 15%. Strong hotel performance, rapid expansion, acquisitions and growth businesses offset macro challenges, while the company maintained its double-digit revenue growth outlook.