NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India’s renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India’s goal to add 500 GW of clean energy by 2030.
Posts in category Economic Times
US stocks open higher as markets anticipate Fed’s first rate cut in four years (18-09-2024)
Wall Street’s main indexes opened slightly higher on Wednesday, as the Federal Reserve was widely expected to deliver its first interest rate cut in more than four years, with most investors betting on a 50-basis point reduction.
Gold continues to glitter, jumps Rs 170 to Rs 73,264 per 10 gm on global cues (18-09-2024)
Gold prices continued to shine bright by rallying Rs 170 to Rs 73,264 per 10 grams on the MCX on Wednesday amid a bullish trend in the international markets ahead of the US Federal Reserve interest rate decision. In the futures trade on the Multi Commodity Exchange (MCX), gold contracts for October delivery was trading higher by Rs 170, or 0.23 per cent, at Rs 73,264 per 10 grams.
How has Nifty performed after Fed cut rates in last three decades? (18-09-2024)
Despite the Fed’s actions over the past two decades, the Nifty has shown resilience, ending with gains 64% of the time after Fed announcements. However, outliers exist, such as the nearly 7% drop in October 2008 following a rate cut during the global financial crisis.
Oswal Pumps files IPO papers with Sebi; aims Rs 1,000-cr via fresh issue (18-09-2024)
Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday.
Govt to dilute up to 7% equity in IREDA through QIP, raise Rs 4,500 crore (18-09-2024)
State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government’s approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement.
Nazara Technologies to raise Rs 900 crore in its biggest fundraise; acquires additional stake in Absolute Sports (18-09-2024)
Nazara Technologies announced a Rs 900 crore fundraising through preferential equity. The funds will be used for acquisitions, business expansion, and growth opportunities. Marquee investors like SBI Mutual Fund and Think Investments are participating in the round.
Tech view: 25,500 crucial resistance for Nifty; decisive up move to take index higher. How to trade on Thursday (18-09-2024)
Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
Technical Breakout Stocks: BSE, ICICI Bank and Hero MotoCorp hit fresh record highs on Wednesday; buy, sell or hold? (18-09-2024)
Investors showed interest in bank stocks, while consumer durables, energy, oil & gas, healthcare, and IT stocks experienced selling pressure.