Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a capital restructuring for group entity Goswami Infratech.Read More
Securities and Exchange Board of India has asked Multi Commodity Exchange of India for a detailed report. A technical glitch caused a delay of over four hours in trading on Tuesday. Brokers and traders could not log in or execute trades. MCX shifted operations to a disaster recovery site. Trading resumed later in the afternoon.Read More
Tech megacaps propelled stocks to new highs, fueled by AI-driven earnings expectations. Microsoft’s OpenAI pact and Apple’s market cap milestone highlight the sector’s strength. Investors anticipate continued demand for AI infrastructure, with the “Magnificent Seven” projected to outperform the broader S&P 500 despite a slowdown in profit growth.Read More
Orkla India is set to launch its IPO, aiming to raise ₹1,668 crore by offering shares. The company, known for brands like MTR and Eastern, has seen revenue and profitability growth over the past three years. With a strong base in South India and significant export presence, investors with a high risk appetite may find this a long-term opportunity.Read More
Aditya Birla Capital is poised for MSCI index inclusion. A recent block deal by Jomei Investments has boosted the stock’s free float. Analysts predict potential inflows of $230 million. The stock is seen as a good tactical play with room for growth. This development is expected to be a significant event for the company.Read More
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