India’s sugar industry faces a crisis as policy shifts and frozen prices threaten its decade-long diversification into ethanol. Cooperative mills in Maharashtra are hit hardest, risking farmer discontent and a return to cyclicality. While export opportunities exist, stabilizing finances is crucial for mills to capitalize on global demand, says Praful Vithalani.Read More
Innovision’s IPO saw weak investor response, with overall subscription around 30% even after extending the bidding period and lowering the price band. Retail and NII participation stayed muted, while institutional demand remained stronger. The company aims to raise Rs 323 crore through the issue.Read More
Indian benchmark indices fell sharply for a third straight session as escalating Iran-Israel/US tensions hurt sentiment. Nifty dropped over 2% and Sensex nearly 1,500 points, with metals, auto and oil stocks leading losses, while select stocks like LTTS and IFCI gained.Read More
Godrej Properties Ltd’s promoters have increased their stake in the company by 5 per cent this fiscal through purchases of public shares worth Rs 2,674 crore in the open market, as they are bullish on the growth prospects amid robust demand for residential properties and a strong launch pipeline.Read More
Indian government bonds came under heavy selling pressure this week as oil prices soared, though the benchmark 10-year bond showed resilience, supported by likely robust purchases by the central bank.Read More
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