EMA Partners India is raising Rs 76 crore through an IPO on NSE's Emerge platform, opening January 17. With a price band of Rs 117-124 per share, the IPO includes a fresh issue of 53.34 lakh shares and an offer for sale by promoters. The funds will be used for leadership expansion, IT upgrades, debt repayment, and acquisitions.
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Stocks rose on Wall Street as it deals with uncertainty caused by the ongoing trade war. The S&P 500, Dow Jones, and Nasdaq all showed gains. Investors are focusing on corporate news and awaiting updates on tariffs. Meanwhile, genetics testing company 23andMe took a significant hit, while The AZEK Co. surged on acquisition news.
Stock market today: Indian stock indices, BSE Sensex and Nifty50 declined approximately 1 per cent intraday on Thursday as major companies like HDFC Bank, TCS and Reliance faced substantial selling pressure.
Microsoft CEO Satya Nadella meets PM Narendra Modi expressing appreciation for India's AI-first approach and discussing ethical AI use and data privacy. Nadella is on a tour in India to promote Microsoft's AI and cloud investments. Modi highlights partnerships with global AI leaders fostering innovation and regulation in India.
Maruti Suzuki, India’s leading carmaker, remains skeptical about the mass adoption of electric vehicles (EVs) due to concerns over range, charging infrastructure, and customer trust. Meanwhile, Hyundai is optimistic, predicting the share of EVs in total car sales to grow significantly, reaching 5% by FY27.
Kotak Mahindra Capital Company predicts the IPO market pipeline to reach USD 35 billion in 2025, up from USD 22 billion in 2024. Majority IPOs are from financial services and digital tech sectors with large IPOs consistently increasing, attracting foreign portfolio investors and leading multinationals to consider IPOs for unlocking investments.
Indian equity markets surged on Friday, mirroring a global rebound and fueled by value buying across sectors. The Sensex soared over 1244 points, while the Nifty 50 climbed more than 400 points, driven by positive domestic cues and expectations of steady inflation. Experts suggest long-term investors consider selective buying in financials and pharmaceuticals.
The World Bank's $20 billion package for Pakistan will support a 10-year programme focusing on areas such as child stunting, learning poverty, and climate resilience. This initiative aims to ensure stability in development projects despite political changes. An additional $20 billion in private sector lending brings the total investment to $40 billion.
Tech Mahindra reported a 93% increase in net profit for the December quarter, reaching Rs 983 crore, aided by a low base in the corresponding period last year. Revenue from operations grew by 1.4% to Rs 13,286 crore. The company secured new deals worth $745 million and continued its hiring drive.
Indians are shifting towards premium wines and spirits, creating growth opportunities for companies like Moet Hennessy. High taxes and varying state regulations complicate the market, making foreign liquor expensive. Ongoing FTA discussions, particularly with the UK, aim to reduce duties and boost consumption. Domestically produced wines, like Chandon, are also gaining popularity.
The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid speculation about a more flexible approach. Active interventions have used significant foreign exchange reserves since September to defend the Indian currency.