Through this exercise, the promoters aim to eventually hold stakes of 64-68% each across group companies, ET reported in August. The promoter group raised its stake in Adani Enterprises, Adani Power and Adani Green Energy last quarter.
Rupee slumps to 84.08, recovers with ‘RBI’ help (15-10-2024)
The rupee closed at 84.06 to the dollar, flat versus the previous close, LSEG data showed. The rupee weakened past the psychologically significant 84/$1 mark for the first time on Friday as several unfavourable global factors including a recent rise in crude oil prices, a stronger US dollar and risk aversion sparked by the war in West Asia pushed the domestic currency past the key level.
Hyundai Motor raises Rs 8,315 crore from anchor investors (15-10-2024)
New World Fund, Government of Singapore, ICICI Prudential Bluechip Fund, HDFC Flexi Cap Fund, SBI Automotive Opportunities Fund, SBI Magnum Global Fund, Fidelity Funds, Nippon India Growth Fund, SBI Life Insurance, HDFC Life Insurance, Government Pension Fund Global and Kotak Flexicap Fund were among the anchor investors.
Hyundai may take a while to scorch D-Street (15-10-2024)
The grey market premium – the price over the IPO price in the unofficial market that investors pay for the shares before listing – for Hyundai was at ₹30 on Monday evening or 1.5% above the upper end of the issue price band of ₹1,865 to ₹1,960. The ₹27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at ₹370 on October 4.
With Noel Tata at the helm, Mistry’s eye potential monetization of Tata Sons stake (15-10-2024)
Noel Tata’s appointment as chairman of Tata Trusts is likely to ease tensions with Shapoorji Pallonji Group. This could allow SP Group to consider partial monetisation of its 18.4% stake in Tata Sons. Improved relations may help reduce SP Group’s debt through asset divestment and other financial strategies, benefiting both sides.
RTGS soon in dollar, euro and pound: RBI (14-10-2024)
An expanded RTGS using major trade currencies would accelerate access to cheaper cross-border payments and remittances. The RBI has often spoken of the need for more cost-effective cross-border payment systems, with deputy governor T Rabi Sankar stating in September 2023 that the prevailing high costs for cross-border remittances were “simply unconscionable”.
Ranvir’s Portfolio (14-10-2024)
Hi Saurabh,
When the RBI cuts interest rates, a variable or floating interest rate loan can be more beneficial. Here’s why:
- Lower Payments: With a variable rate, your interest payments will decrease as the RBI cuts rates, leading to lower overall borrowing costs.
- Flexibility: Variable rate loans often adjust in line with market conditions, so you can benefit from any future rate cuts.
- Cost Efficiency: If you plan to hold the loan for a shorter period, variable rates can be cheaper, especially in a declining interest rate environment.
In contrast, fixed-rate loans won’t decrease in interest costs during rate cuts, but they provide stability against rising rates. So, if you’re anticipating falling rates, a variable rate loan would be more advantageous.
Pleasure! Please correct me if I am wrong.
Websol energy system ltd (14-10-2024)
Does anyone has insights into how Websol funded it’s 600 mw of cell & module setup?
- What was the total amount spent? Funded via debt or reserves?
- Interest outgo seems pretty low for borrowings of 182 cr (FY 24 results), interest outgo of 10 cr only.
Disclaimer : Invested since last 1-2 months.
Easy Trip Planners (Easemytrip) – An outlier in OTA (14-10-2024)
I appreciate your views and they are totally valid as per the data we see.
It’s just that I am an investor with contrary views and I look things from a different perspective. I might either loose a fraction of my portfolio or make big gains, over the course I will definitely learn a lot through my journey with EMT.
Also, I have no direct association with EMT other than just invested in the stock 
Sanghvi Movers (14-10-2024)
Institutional holding shows steady increase. Almost doubled in September from August levels.
