Maharashtra is preparing an IPO for its power distribution arm MSEDCL, aiming to raise $500 million to $1 billion. The move, supported by balance sheet restructuring and business separation, could mark a rare listing in the sector and test reforms in India’s loss-making electricity distribution industry amid improving financial performance.Read More
Aditya Birla Sun Life AMC reported an 18% year-on-year decline in Q4 profit, even as revenue saw modest growth. The company announced a Rs 25.50 dividend per share. Despite weak earnings and higher expenses, the stock gained nearly 6%, supported by investor sentiment and stable AUM performance.Read More
Sterling and Wilson Renewable Energy reported a 143% jump in Q4 net profit to Rs 135 crore, but revenue declined 23% year-on-year to Rs 1,946 crore, indicating improved profitability despite lower sales.Read More
The ongoing US-Iran conflict has roiled global markets, but a few traders have made outsized gains by placing timely bets in stocks, oil futures, and betting platforms just before key announcements. At least six such instances have raised concerns over possible insider trading, as these trades occurred minutes before major decisions became public.Read More
DSP Mutual fund manager Preethi RS sees a compelling entry point in the BFSI sector, citing healthy credit growth and recovering capital markets. Recent valuation corrections in large private banks, despite structurally lower growth, present attractive opportunities. Midcap banks also offer alpha potential, while FII outflows are viewed as potential bottoming signals.Read More
Arihant Capital Markets has launched the Arihant Bharat Advantage Fund, a Category III AIF focused on investing in high-potential companies beyond large caps. The fund aims to tap opportunities in under-researched small-, micro-, and nano-cap stocks, which make up nearly 86% of the listed market but receive limited institutional attention.Read More
Norway’s $2.2 trillion sovereign wealth fund, the world’s largest, on Thursday reported a first-quarter loss of 636 billion Norwegian crowns ($68.44 billion) as the war in the Middle East weighed on global stocks.Read More
Foreign institutional investors have increased their stake in Suzlon Energy for the third consecutive quarter, signalling sustained confidence despite broader market outflows. Strong earnings expectations, a robust order book, improving balance sheet and sector tailwinds from rising power demand and geopolitical factors continue to support investor interest in the stock.Read More
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