The fundraising includes 50 billion rupees of public debt and around 30 billion rupees of loans from a group of lenders led by State Bank of India, the people said, asking not to be identified as the information is private.
A range of quantitative, thematic, multi-cap and small-cap PMS strategies posted strong gains in April, with top performers delivering returns of up to 44.39% amid a sharp equity market rebound. Broader markets led the rally, while debt-focused strategies largely underperformed or delivered muted gains.
Bharti Airtel Q4 Results: The company posted quarterly revenues of Rs 55,383 crore, showing a growth of 16% year-on-year (YoY).
After four days of heavy selling, technical analyst Rohit Srivastava of Strike Money Analytics says proprietary sentiment indicators are flashing an oversold signal — a classic precursor to a meaningful recovery.
Zerodha CEO Nithin Kamath highlighted the tight regulation in Indian financial markets following a surprise import duty hike on gold and silver. He noted the absence of unusual trading activity before the announcement, contrasting it with potential scenarios in Western markets where privileged information might be exploited.
Jewellery stocks have plunged up to 20% in three sessions, erasing nearly Rs 60,000 crore in investor wealth after PM Narendra Modi urged households to defer gold purchases and the government hiked import duties. The double blow has rattled sentiment, though analysts see no structural threat to India’s long-term gold demand.
Geopolitical tensions, particularly the Iran crisis, are overshadowing strong corporate earnings, according to Dipan Mehta. While India Inc. shows resilience with encouraging results from auto, NBFC, and FMCG sectors, investors remain cautious. Mehta advises selectively accumulating quality businesses available at reasonable valuations amidst this uncertainty, highlighting potential in tech, auto ancillaries, and defense.
The Indian rupee hit a new all-time low on Wednesday, falling 0.1% to 95.7450 per dollar. This decline was driven by consistent overseas debt repayments and importer hedging, overshadowing any relief from increased duties on precious metal imports. The ongoing U.S.
TVS Motor Q4 Results: TVS Motor posted a strong Q4FY26 with net profit up 19% to Rs 772 crore and revenue rising 30% to Rs 15,053 crore. Overall sales grew 28% to 15.6 lakh units, driven by robust motorcycle, scooter and EV volumes, even as profit dipped sequentially.
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