Reseñas

Before the merger, the Gujarat government had a controlling 55% stake in GSPC. GSPC, in turn, owned 37% of GSPL, which further held a 54% stake in Gujarat Gas. GSPC primarily focuses on gas trading and exploration, with gas trading contributing significantly to its operating profit. In the fiscal year Continue Reading

Vedanta Resources plans to raise up to $1.5 billion through a five-year dollar bond sale, aiming to refinance existing debt and reduce borrowing costs. Managed by major banks, the issue seeks to refinance bonds due in 2027 and 2028. The bond sale is expected to open next week after investor Continue Reading

Stocks in news: Equity markets started positively, with modest gains during a subdued session. Key focus includes ICICI Bank’s clarification on Sebi chief’s salary, Vedanta’s interim dividend, Adani Green’s $444 million joint venture, HAL’s aero-engine procurement approval, and more developments involving Gensol Engineering, Medi Assist Healthcare, and IEX’s arm ICX.

Asian stocks saw gains with Japan leading, while the yen steadied after a recent drop. Traders are watching for signs of China’s economic troubles and upcoming US jobs data, which could influence Federal Reserve actions. Oil prices rose due to supply disruptions in Libya.

Amid concerns about manipulation in the SME IPO market, investor Ashish Kacholia criticized overregulation, arguing it unfairly penalizes the entire sector. He advocates for light-touch regulation, investor diligence, and robust disclosures, emphasizing the SME platform’s crucial role in fundraising and business growth.

A Sebi study reveals that 54% of IPO shares are sold within a week of listing by non-anchor investors. The study shows that 63.3% of shares are sold by non-institutional investors, with a higher exit rate for positive listing gains.

The Nifty Microcap 250 index has outpaced the Nifty Smallcap 250, climbing approximately 32% in the first 5 months of FY25, versus the Nifty Smallcap 250’s 27% increase. ETMarkets analysis shows that around 10 of the Nifty Microcap 250’s leading stocks have turned into multibaggers so far this fiscal year. Continue Reading

Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit.

Nifty’s short-term uptrend remains strong. While facing resistance around 25,350, there are no signs of a major reversal. A decisive break above 25,400 could propel Nifty towards 25,800. Immediate support lies at 25,100, according to Nagaraj Shetti of HDFC Securities.

The company is offering new shares worth Rs 200 crore and existing shareholders, Kalamparambil Varkey Tolin and Jerin Tolin, are selling some of their shares worth Rs 30 crore.