Sobha Ltd’s board approved raising up to Rs 1,000 crore through privately placed non-convertible debentures in one or more tranches. The fund raise will enhance financing flexibility, with commercial terms to be finalised later by the investments and borrowings committee.Read More

The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened by unloading dollars into the market. Meanwhile, Asian currencies and stock performances were varied, with the dollar index holding steady. This rise in energy...Read More

Indian equities ended lower as escalating Iran-US tensions and surging crude prices dampened investor sentiment despite easing volatility. Banking stocks dragged benchmarks, while analysts expect geopolitical risks, inflation concerns and Q1 earnings momentum to shape market direction, with Nifty support at 24,100 and resistance near 24,400.Read More

Despite a weak market, six BSE 150 MidCap stocks, including Sona BLW Precision and Gujarat Fluorochemicals, hit fresh 52-week highs, gaining up to 20% over the past month.Read More

Escalating Gulf conflict pushed oil prices above ninety dollars a barrel on Monday. Higher energy costs revived inflation worries and impacted bond yields significantly. Futures markets now price in a Federal Reserve rate hike by year-end. Equity markets remained subdued as investors assessed these economic pressures. This comes as major technology companies prepare to release...Read More

The Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank’s subsidized hedging facility for overseas fundraising. The state-run institution will issue three-year floating-rate bonds priced over SOFR. Several other entities have already tapped this facility for foreign currency borrowings. This issuance marks EXIM Bank’s second dollar...Read More

Memory chip bellwethers SK Hynix and Samsung Electronics make up just over half of the benchmark Kospi. Much of the stock market’s previous rally was related to the sharp surge in the share prices of these two chipmakers. These two stocks have now crashed more than 30% each in just a month, leading to the...Read More

Shares of Som Distilleries surged after veteran investor Prashant Jain acquired a 1.22% stake in the company during the June quarter, according to the latest shareholding data. The investment boosted investor sentiment despite the liquor maker reporting weak earnings in the previous quarter.Read More

Foreign institutional investors raised stakes in these smallcap stocks for two straight quarters, and the strategy paid off as select names delivered multibagger returns of up to 450% in six months.Read More

Mrs Bectors Food Specialities shares surged on Monday, extending their three-day gains to over 25% after Sunil Singhania’s Abakkus Investment Managers acquired a nearly 1% stake through a bulk deal. Investors cheered the marquee investment even as the company awaits its June quarter earnings announcement.Read More