Indian Market

Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

Raymond Group Plans to List Apparel and Real Estate Units by End of 2025

/ Indian Market

Raymond Ltd., an Indian conglomerate nearly a century old, is planning to list its apparel and real estate units by the end of 2025 as part of a strategic effort to enhance shareholder value. The group, which operates across diverse sectors including engineering, aerospace, fashion, and real estate, will have three listed entities by next […]

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Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

Brigade Enterprises Launches Rs 1,500 Crore QIP, Stock Poised for Gains

/ Indian Market

Brigade Enterprises is expected to see positive movement in its stock on September 3 following the launch of a Qualified Institutional Placement (QIP) to raise Rs 1,500 crore. The Bengaluru-based real estate developer has set the floor price for the QIP at Rs 1,164.70 per share, reflecting a 5.7 percent discount from its previous closing

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Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

Shree Tirupati Balajee Agro Trading Company to Launch Rs 170 Crore IPO on September 5

/ Indian Market

Madhya Pradesh-based Shree Tirupati Balajee Agro Trading Company has filed its red herring prospectus (RHP) with SEBI, aiming to raise Rs 169.65 crore through an initial public offering (IPO). The IPO will open for subscription on September 5 and close on September 9, with the anchor book set to open on September 4. The offer

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GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

GST Relief on Health Insurance Could Lead to Rs 3,500 Crore Revenue Loss, Warns Government Official

/ Indian Market

A proposal to exempt health insurance policies from the current 18 percent Goods and Services Tax (GST) could result in an annual revenue loss of Rs 3,500 crore, according to a senior official involved in the discussions. This proposal is under consideration by the Fitment Committee ahead of the GST Council’s meeting on September 9.

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Dr Reddy's Shares Slide After Chinese Regulator Suspends Atomoxetine Hydrochloride Capsule

Dr Reddy’s Shares Slide After Chinese Regulator Suspends Atomoxetine Hydrochloride Capsule

/ Indian Market

Dr Reddy’s Laboratories saw its shares dip after the National Medical Products Administration of China (NMPA) suspended the import, sale, and use of the company’s Atomoxetine Hydrochloride capsules. By 10:30 AM, the pharma giant’s stock had fallen 1.4 percent to Rs 6,937 on the NSE. The suspension follows a remote inspection conducted by NMPA at

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Gujarat Gas Surges After Board Approves GSPC and GSPL Merger

Gujarat Gas Surges After Board Approves GSPC and GSPL Merger

/ Indian Market

Gujarat Gas is making headlines after its board approved a scheme of arrangement and amalgamation involving Gujarat State Petroleum Corporation (GSPC), GSPC Energy, and Gujarat State Petronet (GSPL) merging into Gujarat Gas. This strategic move has prompted brokerages to revise their target prices upward for the city gas distribution company. As part of the restructuring,

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HDFC Bank Block Deal: 4.69 Crore Shares Sold for Rs 6,997 Crore Amid MSCI Rebalancing

HDFC Bank Block Deal: 4.69 Crore Shares Sold for Rs 6,997 Crore Amid MSCI Rebalancing

/ Indian Market

HDFC Bank witnessed a major block deal on August 30, where 4.69 crore shares were traded in multiple transactions totaling Rs 6,997 crore. The block deal coincided with the due date for MSCI indices’ August rebalancing, following the global indices provider’s decision to increase HDFC Bank’s Foreign Inclusion Factor (FIF) from 0.37 to 0.56 earlier

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Adani Ports Acquires 80% Stake in Global OSV Operator Astro Offshore for $185 Million

Adani Ports Acquires 80% Stake in Global OSV Operator Astro Offshore for $185 Million

/ Indian Market

Adani Ports and Special Economic Zone Ltd (APSEZ) has announced its acquisition of an 80% stake in Astro Offshore, a global offshore service vehicle (OSV) operator. The deal, valued at $185 million, is an all-cash transaction that gives Astro an enterprise value (EV) of $235 million, with an EV/FY25E EBITDA multiple of 4.4x, according to

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SpiceJet Shares Plummet Nearly 7% Following DGCA's Enhanced Surveillance Measures

SpiceJet Shares Plummet Nearly 7% Following DGCA’s Enhanced Surveillance Measures

/ Indian Market

SpiceJet’s stock price dropped by almost 7% on August 30 after the Directorate General of Civil Aviation (DGCA) announced that the airline would be placed under enhanced surveillance. The stock opened with a 5.78% loss during Friday’s trading session and fell to an intraday low of Rs 62.01, marking a 6.37% decline. The DGCA’s decision

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