Cube Highways Trust secured Rs 1,687.5 crore from anchor investors before its public offering. The Infrastructure Investment Trust plans to raise Rs 5,000 crore through this upcoming public issue. Prazim Trading and Investment Co emerged as the largest anchor investor, committing Rs 300 crore. Strategic investors also subscribed to units worth Rs 1,250 crore prior to the issue.
Market regulator Sebi has required tht depositories must implement a new promoter holding freeze mechanism by August 1. This framework will cover ISIN-level freezing and operational guidelines for companies.
Mahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net interest margins and reduced provisions. The chief executive highlighted the positive impact of a recent rights issuance on the cost of funding. Disbursements soared by twenty-two percent, and there was notable growth in the non-wheels sector. However, a minor rise in overdue accounts necessitated strategic adjustments within certain segments.
Tata Group-backed IHCL reported its 17th consecutive record quarter, with Q1 FY27 net profit rising 18.5% and total income up 15%. Strong hotel performance, rapid expansion, acquisitions and growth businesses offset macro challenges, while the company maintained its double-digit revenue growth outlook.
Markets traded in a volatile range amid Middle East tensions, elevated crude prices and weak financial stocks. Analysts expect earnings, oil prices, FII flows and geopolitics to drive sentiment, while recommending JK Cement and Chennai Petroleum after strong technical breakouts with bullish momentum.
Sebi has launched a unified certification for mutual fund and Specialised Investment Fund distributors, known as the NISM Series V-D certification. This new credential streamlines the eligibility criteria for selling these products.
On Tuesday, Sebi took a decisive step by canceling the registrations of eleven research analysts due to their failure to pay the required renewal fees for their certificates. Despite earlier notices issued, these entities did not respond, prompting the regulator to act under the Intermediaries Regulations of 2008. This measure seeks to deter potential misuse of expired registration credentials.
Capital markets regulator SEBI on Tuesday asked depositories to put in place the operational framework and required system upgrades by August 1 to facilitate the implementation of the newly introduced ISIN-level freeze mechanism for promoter and promoter group holdings during share buybacks.
GE Vernova has surged over 500% since its 2024 spin-off, emerging as a key AI infrastructure play. Investors are betting on rising electricity demand from data centres, boosting orders, backlog and guidance. Strong growth in power, electrification and gas turbines is driving the rally beyond traditional chip-focused AI stocks.
Anant Raj will demerge its data centre and cloud business into Ashok Cloud Pvt Ltd, creating a separately listed digital infrastructure company. The move aims to unlock shareholder value, support expansion to 307 MW by FY32 and strengthen its cloud services platform.
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