ASSET VALUE
BDR Pharmaceuticals plans $100 mn expansion in the US with manufacturing buyouts
BDR Pharmaceuticals is set to broaden its presence in the US through acquisitions of manufacturing facilities, backed by a $100 million investment. Chairman Dharmesh Shah mentioned the company is evaluating potential units and expects a decision within months, funded by internal accruals.
PPFAS Alternate Asset Managers IFSC opens a new office at GIFT city
PPFAS Alternate Asset Managers IFSC, subsidiary of Parag Parikh Financial Advisory Services, opened its GIFT City office to serve as a hub for alternative investments.
JBM EV ties up with Hitachi ZeroCarbon for battery management solutions
JBM Electric Vehicles has partnered with Hitachi ZeroCarbon to deploy battery management solutions in its e-buses. Hitachi's ZeroCarbon BatteryManager will collect real-time data from JBM's pilot fleet, providing insights into charging, route optimization, and asset usage. This collaboration aims to enhance battery performance, extend battery life, and maximize residual value, particularly in diverse climates like India and the Middle East.
Gujarat Titans owner receives shareholder nod to Raise ?1.2k cr
Irelia Sports India, owner of Gujarat Titans, secured shareholder approval to borrow up to ?1,200 crore, coinciding with Torrent Group's acquisition of a majority stake. These funds will cover financial obligations, including the ?562 crore franchise fee to the BCCI. Despite losses, the franchise's revenue more than doubled, making it the highest-earning IPL team.
1 share becomes 10: Bajaj Finance unleashes bonus bonanza and stock split surprise
On April 29, Bajaj Finance's board of directors approved a stock split in a 1:2 ratio, where each share of face value Rs 2 will be split into two shares of Re 1. Additionally, the company announced a 4:1 bonus issue, granting shareholders four extra shares for every one held after the stock split.
Consistent outperformers: 31 equity mutual funds beat their benchmarks in 3, 5, and 7 years
Around 31 equity mutual funds have outperformed their respective benchmarks in the last three, five, and seven years. ETMutualFunds analysed the performance of 164 equity mutual funds that have completed seven years of existence in the market.
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'Equities are no longer optional': Qode’s Rishabh Nahar on navigating market uncertainty with quant strategy
Nahar believes the key to navigating such volatility lies in quantitative investing, but with a first-principles approach. He says, "Quant investing isn’t about secret algorithms. People often think of quant investing as a black box spitting out multibagger stocks.
Buy DCB Bank, target price Rs 160: Axis Securities
Axis Securities suggests buying DCB Bank shares. The target price is one hundred sixty rupees. The current market price is around one hundred thirty nine rupees. The bank's income increased significantly this quarter. They anticipate strong growth for DCB Bank. Axis Securities projects credit and deposit growth. The brokerage firm expects gradual improvement in net interest margins.
Canara HSBC Life Insurance plans Rs 16,500 crore IPO amidst valuation challenges
HSBC Insurance (Asia-Pacific) Holdings will offer up to 4.75 million shares, and Punjab National Bank will sell 95 million shares, according to the draft red herring prospectus filed with the Securities and Exchange Board of India.
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interest
Shell's attempt to sell Sprng Energy faces challenges due to valuation disagreements. Discussions with Sekura Energy and ONGC stalled. Investors offered less than expected for Sprng Energy's assets. Shell acquired Sprng Energy from Actis in 2022. The company may consider listing Sprng Energy in India. Sprng Energy has 2.3 GW of operational assets and a 5 GW pipeline.
UK sets out new cryptoasset rules to boost investor confidence
Britain will introduce new rules to regulate cryptoassets like Bitcoin and Ethereum, aiming to boost investor confidence and curb misuse. The finance ministry said crypto exchanges and dealers will fall under regulatory oversight to crack down on bad actors while encouraging responsible innovation in the growing digital asset space.
Private sector capex likely to dip 25% to Rs 4.88 lakh crore in FY26: Govt survey
A government survey projects a 25% decline in private corporate sector capital expenditure to Rs 4.88 lakh crore in 2025-26. While capex intentions show caution, overall investment increased by 23.9% from 2021-22 for a fixed panel of enterprises. Manufacturing leads in gross fixed assets, with machinery and equipment dominating 2024-25 spending.
Capital Small Finance Bank Q4 profit rises 21%, NIM improves to 4.1%
Capital Small Finance Bank posted a 21.4% YoY rise in Q4FY25 net profit to Rs 34.24 crore, with improved asset quality, stronger margins, and board-recommended 40% dividend payout.
Canara HSBC Life Insurance files DRHP with Sebi for IPO
Canara HSBC Life Insurance has filed its DRHP with SEBI for an IPO comprising 23.75 crore equity shares via offer for sale. Promoted by Canara Bank and HSBC, the insurer ranks high among public-sector-led peers in assets and lives covered.
Gold & mutual funds: Which one is right for your portfolio now?
Amidst market volatility, experts suggest allocating a portion of your portfolio to gold for managing risk due to its low correlation with other assets. For long-term wealth creation, equity mutual funds are recommended, leveraging economic growth and compounding. A balanced approach involves combining equity funds with a 10-15% gold allocation for diversification and downside protection.
PNB Housing Finance Q4 Results: Profit rises 25% to Rs 550 crore; asset quality improves
PNB Housing Finance results: PNB Housing Finance posted a 25% YoY rise in Q4 net profit to Rs 550 crore, supported by business growth, improved margins, and better asset quality.
Akshaya Tritiya 2025: Gold prices high, but jewellers anticipate strong sales amid demand for gemstones
Despite high gold prices, jewelers anticipate positive sales this Akshaya Tritiya, driven by gold's safe-haven appeal and cultural significance. Geopolitical uncertainties and a weakening dollar have fueled the upward trajectory of gold prices. Alongside gold, high-quality gemstones are gaining traction as an emerging asset class, offering consumers a unique investment option.
Rich Dad, Poor Dad author Kiyosaki's latest riddle: What the poor buy too much of vs what the rich invest in
Robert Kiyosaki, the author of Rich Dad Poor Dad, has shared a thought-provoking riddle on X, highlighting the contrasting spending habits of the rich and the poor. He suggests that the poor overspend on unnecessary items, while the wealthy prioritize acquiring assets.
Gold, silver buying sentiment may remain strong on Akshaya Tritiya; jewellers roll out offers
Despite high gold prices, Indian jewellery retailers are enticing customers with discounts on making charges and gold value ahead of Akshaya Tritiya. Brands like Tanishq and Senco Gold are offering attractive deals, fueled by strong consumer confidence in gold as a safe haven investment.
Time to rejig your investments? Here’s why gold is the X-factor between lower and higher-return generating portfolios
The best route to wealth creation is through asset allocation and diversification across asset classes, but the right mix depends on your risk profile and goals. Still, are some combinations better than others? Welcome to TrendMap, your quick, visual guide to the performance of different investment segments. In this edition, we compare seven asset combinations. Portfolios with gold have delivered a notable return boost in recent years, while those with zero gold exposure have consistently ended up at the bottom, says Sameer Bhardwaj.
Buy Au Small Finance Bank, target price Rs 725: ICICI Securities
ICICI Securities maintains a buy call on Au Small Finance Bank with an unchanged target price of Rs 725. The bank's Q4FY25 performance showed sustained growth and operational efficiency, though credit costs in unsecured portfolios remained elevated. Management anticipates NIM pressure but expects credit costs to moderate in FY26, indicating improved asset quality.
Hybrid mutual fund schemes' inflow moderates in FY25; number of investors, AUM soar
Hybrid mutual fund schemes attracted Rs 1.19 lakh crore in 2024-25, 18 per cent lower than the preceding fiscal, owing to market turbulence in the second half of FY25 triggered by corporate earnings slowdown and geo-political tensions.
ED unearths land scam of Rs 1,000 crore in Goa
The Enforcement Directorate (ED) has conducted searches in Goa concerning a Rs 1,000 crore land scam. Rohan Harmalkar, a key figure, allegedly used fraudulent methods like fake documents and impersonation to illegally seize land in prime tourist areas. The ED seized property documents worth over Rs 600 crore, revealing money laundering through various assets.
Bitcoin is digital equivalent of gold, showing signs of decoupling from Nasdaq: Jefferies' Chris Wood
As bond yields rise and geopolitical tensions intensify, Bitcoin is showing signs of evolving into a digital safe-haven like gold. Jefferies' Chris Wood notes Bitcoin’s recent divergence from Nasdaq as a key milestone in its store-of-value credibility.
Prestige Hotel Ventures files DRHP with Sebi for Rs 2,700 crore IPO; details here
Prestige Hotel Ventures has filed DRHP with SEBI for its IPO, which comprises a Rs 1,700 crore fresh issue and Rs 1,000 crore offer for sale by promoter, Prestige Estates. Proceeds will fund debt repayment, acquisitions, and general purposes. The company owns luxury hospitality assets across India and operates 1,445 keys, with revenue growing at a 103.73% CAGR between FY22 and FY24.
Cryptocurrency campaigners call for Swiss central bank to hold bitcoin
Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves.
Sebi facilitates ease of doing biz for SM REITs; standardises disclosures in scheme offer document
To facilitate ease of doing business for Small and Medium REITs (SM REITs), markets regulator Sebi has standardised disclosures in draft scheme offer document and simplified public issue processes for such schemes.
SAMHI Hotels and GIC announce a JV for upscale and higher hotel assets in India
GIC and SAMHI Hotels have forged a strategic partnership to invest in upscale Indian hotels. GIC will acquire a 35% stake in three SAMHI subsidiaries for ?752 crore. The investment will reduce SAMHI's debt by ?580 crore and fund expansion, including a Westin hotel in Bengaluru.
Bitcoin surpasses Amazon in market value, now 6th largest global asset
Bitcoin has overtaken Amazon in market cap, reaching $1.857 trillion amid a strong rally fueled by ETF inflows, institutional interest, and improved macro sentiment. With support at $88,000, analysts see potential for a $100K test as risk appetite returns.
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