The fresh issue proceeds will cut Reliance Industries’ consolidated debt by approximately ₹27,000 crore. Fitch projects the company’s net debt for the financial year 2027 to be at ₹1,30,000 crore, which will drop to roughly ₹1,00,000 crore following the issue.
MRPL delivered a strong operating performance in the September quarter, with Earnings before interest, taxes, depreciation and amoritsation (EBITDA) though, increased by 149% to ₹3,278 crore in the second quarter compared to ₹1,318 crore in the June quarter, and margins…
Despite this five-day recovery, shares of Wipro and Infosys are down 34% and 31% so far on a year-to-date basis, while those of LTM and TCS are down 29% and 26% respectively. The recent surge seen in Tech Mahindra has…
Iron ore futures in Singapore fell to a two-year low below $90 a ton due to weak demand in China and rising global supply.
Reliance Industries as a stock has not only delivered substantial returns to its investors since the IPO, it has also outperformed as asset class such as Gold by a significant margin since its IPO.
MOFSL’s Nitin Aggarwal sees scope for IDBI Bank’s valuation re-rating as the Fairfax deal progresses, while a potential merger with CSB Bank remains a possibility. He advises CSB Bank shareholders to stay invested at current levels.
Bitcoin fell towards $81,000 as higher US inflation revived interest rate concerns. Major cryptocurrencies, global equities, and leveraged positions also declined amid selling pressure.
Of the 18 analysts who have coverage on HDB Financial, 10 have a “buy” rating, six have a “hold” rating and two have a “sell” rating. Nomura upgraded the stock to “buy” from its earlier rating of “neutral” after its…
CoreWeave CEO Mike Intrator called the market’s reaction to falling stock and bond prices irrational, defending the AI cloud company’s business model in an internal memo following a 15 percent drop in
BHEL surpassed analyst expectations by a wide margin in the second quarter and were also significantly higher on a year-on-year basis. Analysts say the second quarter margins for BHEL were the highest in 13 years in Q2.