Given this, Uno’s investors may do well to focus on its two key strengths that have helped the stock fetch premium valuations. One, its ability to grow faster than the auto industry. For instance, the passenger vehicle and two-wheeler industry is expected to grow by 8% and 7% in FY26, but Uno Minda’s revenue growth…
The National Stock Exchange of India Ltd (NSE) has concluded the selection of merchant bankers, law firms, and other intermediaries for its proposed initial public offering (IPO). India’s largest exchange appointed 20 merchant bankers to manage the mega share sale, including the Indian units of Morgan Stanley, Citigroup, JP Morgan and HSBC Securities. Domestic firms…
The Securities and Exchange Board of India (Sebi) has changed how mutual funds value physical gold and silver, directing them to move from global benchmark pricing to domestic spot prices. In a circular issued on Thursday, the market regulator said mutual funds will now value physical gold and silver held by schemes using polled spot…
JSW Infrastructure Ltd’s management has approved equity fund raising of up to 250 million shares on Friday, which is almost equal to its initial public offering (IPO) size in terms of number of shares. A qualified institutional placement (QIP) is likely to be the preferred mode for raising funds. The fund-raising plan is aimed at…
Mumbai: The rupee is likely to open stronger against the US dollar on Monday after the US Supreme Court. struck down President Donald Trump’s tariffs, prompting a recalibration of the North American country’s trade policy and reducing India’s effective tariff exposure to 15% from 18%. However, traders believe any near-term appreciation may be modest and…
The Securities and Exchange Board of India (Sebi) is in talks with the central and state governments to accelerate growth in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), said Sebi chairman Tuhin Kanta Pandey at the Crisil Investment Conclave 2026. “To expand the use of REITs and InvITs, we are actively engaging…
Hindalco Industries Ltd stock is down 7% since the company announced its December-quarter (Q3FY26) results. The oft-cited reason for this is the two fires at subsidiary Novelis’s Oswego plant in September and November 2025, which disrupted operations. But that explanation, on its own, is incomplete. Incred Research Services recently downgraded Hindalco and National Aluminum Co….
The implementation of the new labor codes posed a significant challenge this earnings season, forcing companies to increase provisions for employee benefits, which weighed on their bottom lines. This one-time hit slowed profit growth to low double digits, even as top line challenges persisted and the gap between headline growth figures narrowed. How did the…
Marcellus Investment Managers Pvt. Ltd’s co-founder Pramod Gubbi is said to be helming the firm’s foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter. The move signals a strategic shift to a sales-first approach for the high-profile portfolio management service (PMS) provider, synonymous with chief investment officer…
Agrochemicals company PI Industries Ltd is having a hard time navigating demand headwinds and the US tariff impact. In the December quarter (Q3FY26), consolidated revenue declined year-on-year and sequentially to ₹1,376 crore, sharply missing consensus estimate of ₹Rs 1,770 crore. At the core of this disappointment is its custom synthesis and manufacturing (CSM) business, which…
