Berkshire Hathaway raises $1.9 billion in bond deal, term sheet shows (10-10-2024)
Warren Buffett’s Berkshire Hathaway raised 281.8 billion yen ($1.9 billion) by issuing seven-tranche yen-denominated bonds, with the largest 3-year tranche raising 155.4 billion yen. This marks the largest yen-denominated bond issuance for Berkshire since 2019. Proceeds will be used for general corporate purposes.
Q2 results today: TCS, Tata Elxsi among 12 companies will announce earnings (10-10-2024)
Today marks the start of the second quarter earnings season. TCS, Tata Elxsi, IREDA, and other companies will declare their results for the September quarter. Brokerage firms expect TCS to show up to 8% year-on-year revenue growth. Key points include the BSNL deal ramp-up and commentary on the FY25 demand environment.
Big movers on D-Street: What should investors do with Varun Beverages, Suzlon Energy and Torrent Power? (10-10-2024)
Domestic markets closed lower as stocks like Varun Beverages, Suzlon Energy, and Torrent Power gained attention with notable movements. Analysts suggest potential gains for these stocks given the key support and resistance levels, indicating positive recovery trends if buying momentum continues.
India regulatory reform could hasten homecoming of IPO-bound startups (10-10-2024)
India’s removal of the National Company Law Tribunal approval for reverse flip mergers is accelerating the return of Indian startups domiciled abroad. This change has reduced the process time significantly, encouraging companies like Razorpay and KreditBee to return in anticipation of better IPO prospects in India’s flourishing market.
Shakti Pumps – solar shakti (power)! (10-10-2024)
It is good initiative by the government and it is going to benefit Shakti Pump as technologically it is the strongest player in this segment. This will create entry barrier for existing and new entrants.
Disclosure: No holding.
Stock to watch: Adani Enterprises shares in focus after company approves Rs 4,200 cr share sale to investors via QIP (10-10-2024)
Adani Enterprises has approved a Rs 4,200 crore share sale to large investors through a QIP issue, setting a floor price of Rs 3,117.4750 per share. The issue, managed by SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited, aims to raise funds for the company.
China central bank kicks off 500 billion yuan swap facility to aid stock market (10-10-2024)
China’s central bank is initiating a 500 billion yuan funding scheme for financial institutions to bolster the capital market. Eligible firms, including securities, fund companies, and insurers, can apply to use assets as collateral for highly liquid assets. This move follows recent stock market declines.
Should you sell Nifty Auto, IT on rise? Here’ what analysts recommend (10-10-2024)
The Nifty IT Index is currently trading close to its key resistance level, making it a prime candidate for a “sell on rise” strategy for near-term traders. The resistance level to watch is 43,200