Trent Q2 Results FY25: Trent, the Tata Group retailer, exceeded profit expectations with a 46% surge to Rs 423.44 crore in the September quarter, driven by strategic initiatives. However, revenue fell short of estimates at Rs 4,035.56 crore, despite a 39.6% increase, in a challenging consumer market.
Again, with what Trump had initially talked about, the whole tax cuts and everything, that increase the deficits significantly higher, so what does that mean to, again, the 10-year yields or does it spook the bond markets?
The offering, consisting of a fresh equity issuance of Rs 800 crore and an offer for sale (OFS) of 1.89 crore shares, will be open for bidding until November 11. Through the OFS, Bupa Singapore Holdings and Fettle Tone will sell part of their stakes.
The IPO of ACME Solar Holdings has garnered significant attention as it opened for subscription on Wednesday. By Thursday, on the second day of bidding, the issue was subscribed to 47%, with the retail portion attracting 1.57 times subscription. However, the grey market premium (GMP) has slipped, indicating a cautious sentiment from investors.
The Rs 2,106 crore IPO consists solely of an offer-for-sale of 70.22 crore shares by the promoter, Sagility B.V., with no fresh issue component. All proceeds, after deducting expenses, will go directly to the selling shareholder.
As Donald Trump prepares for his second term, China is anticipating renewed tensions in trade, technology and Taiwan relations. Trump's threat of increased tariffs on Chinese goods, potential involvement in the Taiwan issue, and criticism of the CHIPS Act signal a period of uncertainty and potential economic and geopolitical shifts.
Trump easily won the US Presidential election 2024 as pollster predictions of a close race fell flat. The economy, immigration, and cultural issues were key factors in handing Trump the win Many voters felt the country was headed in the wrong direction. Trump's stance on immigration and cultural issues resonated with a significant portion of the electorate.
The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks.
MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.
Swiggy's IPO is facing uncertainty as analysts advise investors to consider the long-term potential due to profitability concerns and competition from Zomato. Despite conservative pricing, the IPO saw muted demand on its first day, with grey market trends indicating minimal listing gains.
