Tata Projects, the construction subsidiary of the Tata Group, is raising Rs 2,500 crore through a rights issue at a valuation of Rs 6,700 crore. According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.10. Shareholders participating in the issue include its largest…
Since the company is a wholly-owned subsidiary, the transaction is categorized as a related-party deal, but Prestige Estates has stated it will be conducted at arm’s length. Prestige Estates Projects shares have cracked 36 percent in the last six months and about 28 percent since the start of the year. Prestige Estates Projects Ltd has…
India’s capex lagged at Rs 8.1 lakh crore, and with a month to go, Centre may have to spend Rs 2.1 lakh crore in March to reach the Budget target of Rs 10.2 lakh crore for FY25. Fiscal deficit numbers for February Centre’s fiscal deficit between April and February has come in at Rs 13.5 lakh crore,…
Donald Trump’s latest tariff announcement will likely hit Indian auto component makers harder that the car manufacturers US President Donald Trump’s tariffs on cars, auto components and light commercial vehicles (LCVs) are unlikely to impact India as much as markets like Mexico, Canada, South Korea and the European Union, as the country’s dependency on the…
The immediate support is expected to be 23,400, which coincides with the 200-day EMA. If the Nifty 50 decisively breaks this level, the selling pressure may extend toward the 23,200-23,000 zone. However, on the higher side, 23,800 is likely to remain a key hurdle going ahead, experts said. Nifty Downtrend The benchmark Nifty 50 snapped…
Not out of the woods yet, adopt staggered approach to equity investing, large-cap and flexicap mutual funds remain the best bet, say financial advisorsStock market recovery: Retail investors must focus on asset allocation rather than market movementsBenchmark equity indices – BSE Sensex and Nifty50 – have staged a smart comeback in March, after having witnessed a…
Cash equity market trading volumes have more than doubled between FY23 (when the limits were set) and the current FY25, says SEBI Pandey added that on the public space, there is a need to shed a level of privacy to do a public function. “We moved towards more of transparency at the cost of privacy,”…
During the week, the BSE Large-cap index added 4.6 percent, while BSE Mid-cap index rising 7 percent, posting biggest weekly gain Since February 2021 and BSE Small-cap index gaining nearly 8 percent, recording biggest gain since June 2020.Market This WeekThe broader indices outshine the main indices and post biggest weekly gain in nearly 5 years…
The rally in the market comes at a time when trade tensions are escalating and more is expected when the reciprocal tariffs kick in on April 2. Indian benchmark indices rebounded this week with analysts suggesting that the “worst is over,” driven by foreign institutional investors returning to Indian stocks amid attractive valuations and…
Following a brief spell in the red, the midcap 100 and smallcap 100 indices clawed backed in the positive with gains of about 0.7 percent each. Benchmark indices Nifty and Sensex closed sharply higher on March 20, extending their winning streak as a broad-based rally lifted all sectoral indices over 1 percent. IT stocks…