Reliance Industries shares saw a significant drop on Monday. This decline followed the company’s third-quarter results. Analysts point to slower growth across its business segments. Investors are advised to observe further developments. The stock has experienced a notable fall in the past month. Technical indicators suggest continued weakness. A cautious approach is recommended for retail...Read More

Sun Pharmaceutical Industries Ltd has submitted a non-binding offer to acquire US-based Organon for an all-cash deal, securing $10-14 billion in acquisition financing. This move marks Sun Pharma’s boldest global bet, aiming to bolster its presence in women’s health biopharma and biosimilars. The acquisition, if successful, would be the largest by an Indian pharmaceutical company.Read More

As Indian banks grapple with dwindling low-cost CASA deposits, a growing number of savers are shifting their money into market-driven investments seeking higher returns. This shift compels banks to depend increasingly on pricier short-term borrowing methods, such as Certificates of Deposit, to sustain their lending activities.Read More

Jio Platforms has reportedly shortlisted Morgan Stanley and Goldman Sachs as lead bankers for its upcoming IPO, with an expected valuation between $133-$182 billion. The company awaits finance ministry clearance for a 2.5% public float for mega IPOs, with a potential split between primary and secondary share sales. Strategic investors like Google and Meta are...Read More

ReNew Energy Global is planning a significant offshore fundraising of approximately $500 million through dollar-denominated bonds issued via GIFT City. The funds will be utilized for on-lending within the ReNew Group, debt repayment, and other permitted corporate activities. Several major international banks are involved as joint global coordinators and bookrunners for this transaction.Read More

Indian equity markets closed lower amid a cautious global sentiment and mixed earnings reports. Analysts anticipate sideways trading, influenced by global cues and ongoing corporate results, with geopolitical escalations posing a significant risk. The India VIX saw a 4% rise, indicating increased market fear.Read More

Indian markets opened lower, with the Nifty index falling below a crucial support level. Analysts suggest a continued corrective trend. Despite the overall weakness, some sectors are performing well. Investors are advised to focus on these leading sectors and manage risk.Read More

Shadowfax Technologies is set to raise ₹1,000 crore through a fresh issue and ₹907.3 crore via an offer for sale in its upcoming IPO. The e-commerce logistics firm has seen significant market share growth and improved profitability, though revenue concentration with one client remains a concern.Read More

IndiGo’s parent company, InterGlobe Aviation, saw its shares rise significantly. This surge followed a penalty from the Directorate General of Civil Aviation for flight cancellations. Investors reacted positively as the fine was less than anticipated. The company had faced disruptions in December due to crew time limits and aircraft issues.Read More

Logistics firm Shadowfax Technologies has secured approximately Rs 850 crore from anchor investors ahead of its IPO, which opens on January 20. The company has reduced its IPO size to Rs 1,907 crore, with a focus on diversifying its client base towards D2C brands and smaller retailers. Shadowfax reported a 68% rise in operating revenues...Read More