 "Brigade Enterprises Aims to Raise ₹1,500 Crore Amid Thriving Market Performance")
Brigade Enterprises, a prominent real estate developer based in Bengaluru, is set to raise up to Rs 1,500 crore by offering equity shares to institutional investors. The company launched its Qualified Institutional Placement (QIP) on September 2, with a floor price of Rs 1,164.70 per share, while shares closed at Rs 1,239.80 on the BSE. ...
 "Adani Green and TotalEnergies Forge Power Partnership Amid Market Surge")
Adani Green Energy has announced a significant milestone as its board approved a joint venture with TotalEnergies, allowing the French energy giant to invest $444 million. This partnership comes on the heels of a previous $300 million deal to enhance renewable energy capacity in India, a country still heavily reliant on coal. The new venture ...
 "Regulator Warns: Stop SME Listings Amid Fraud Concerns and Market Frenzy")
Ashwani Bhatia, a key member of the Securities and Exchange Board of India (Sebi), emphasized the need for exchanges to be cautious about listing small and medium enterprises (SMEs) due to rising fraud risks. As the Market capitalization of SMEs has hit Rs 2 trillion, Bhatia raised concerns about inadequate due diligence from auditors and ...
 "Prakash Kacholia: Small and Midcaps Hold Key to Market Resurgence")
Prakash Kacholia, the managing director of Emkay Global Financial Services, recently shared his insights on Market trends in an interview. He notes that while markets have been struggling, there is potential for growth in the small and midcap (SMID) sectors, where earnings are improving and there are still good investment opportunities. However, he warns that ...
 "Rupee Dips to Historic Low Amidst Unstable Market Forces in August")
In August 2024, the Indian rupee faced challenges, becoming the second-worst performing currency in Asia after the Bangladesh Taka, due to high demand for the US dollar and a drop in investment in Indian equities. The rupee depreciated by 0.2 percent, trading at Rs 83.87 per dollar, nearing its all-time low. Despite this decline, the ...
 "Market Soars: Airtel and IT Giants Lead Historic Valuation Surge")
Last week, the stock Market in India saw a significant rise, with the BSE benchmark increasing by 1,279.56 points or 1.57 percent. The Market valuation of the top ten firms combined surged by Rs 1,53,019.32 crore, with Bharti Airtel and major IT companies like Infosys and Tata Consultancy Services leading the gains. Bharti Airtel’s valuation ...
 "Market Soars: Bulls Anticipate Rate Cuts Amid Global Economic Shifts")
This week, stock Market movements will be influenced by global trends, economic data releases, and foreign investor activities. Analysts highlight the importance of institutional flows, with expectations of a potential U.S. Federal Reserve rate cut boosting investor confidence. The benchmark indices have seen impressive gains recently, with the BSE and Nifty reaching all-time highs. Key ...
 "LPG Prices Surge: A Shift Amidst Market Turmoil and Economic Forces")
Oil Marketing companies have recently raised the price of a 19 kg commercial LPG cylinder by Rs 39, making the new price in Delhi Rs 1,691.50. This increase follows previous reductions, where the price was lowered multiple times since May. Back in July, companies had cut the cylinder price by Rs 30 to Rs 1,646, ...
 "Zydus Gains FDA Approval for Scopolamine Patch, Tapping .6M Market")
Zydus Lifesciences Ltd has secured final approval from the US FDA to Market its Scopolamine transdermal system, designed to prevent nausea and vomiting in various situations, including after surgery and due to motion sickness. The product, which delivers 1 mg over 3 days, will be manufactured at Zydus’ facility in Ahmedabad. This marks the fifth ...
 "In a high-stakes move, Chinese tech giant Tencent unloaded 2.1% of its holdings in PB Fintech, the parent entity of Policybazaar, for a staggering Rs 1,668 crore via open market transactions. This extensive sell-off of 97 lakh shares, executed in 15 tranches, slashed Tencent’s stake from 4.26% to 2.13%. Notable buyers, including SBI Mutual Fund, Societe Generale, and other major financial entities, quickly acquired the shares. Despite the intense trading activity, PB Fintech’s shares dipped 0.71%, closing at Rs 1,724.85 on the BSE. This marks the third significant sale by Tencent in PB Fintech within a span of four months.")
Tencent has made a significant move by selling its 2.1% stake in PB Fintech, the parent company of Policybazaar, for a whopping Rs 1,668 crore. This transaction has seen key players like SBI Mutual Fund and Société Générale picking up shares. Keep reading to find out how this sale impacts the Market dynamics and what ...
