Indian Market – Page 2 – Market-Tracker

Inox Wind and banks led by ICICI Bank enter into a consortium agreement for facilities worth Rs 2,200 crore.

On Monday, Inox Wind Limited (IWL) declared that it had inked a consortium agreement worth roughly Rs 2,200 crore with a group of banks headed by ICICI Bank. It further stated that, based on the lead bank’s working capital evaluation, this ceiling will probably be increased to around Rs 2,400 crore (ICICI Bank). The company stated in a regulatory filing that the limitations extended are mostly not dependent on funds [bank guarantees (BGs) and letters of credit (LCs)].Based on the soundness of Inox Wind’s balance sheet, the limitations have been approved without the need for corporate guarantees or further backing from Gujarat Fluorochemicals Ltd. (GFL). The…

Market rising to freshmarket rises to a new high following the Fed’s decision; the rupee remains strong

guna@fastura.com2 weeks ago02 mins

In the week ending on September 20, the Indian market maintained its recent upward trend and set a new record as investors welcomed the Fed’s unexpected 50 basis point interest rate drop. The decline in unemployment claims, a strong FII inflow, and the possibility that the RBI will adopt the Fed’s stance at its next…

Despite US Fed action, the RBI is unlikely to lower rates before December

guna@fastura.com2 weeks ago04 mins

Even though the US Federal Reserve began its easing cycle with an unexpected 50 basis point reduction, Emkay Global stated that even though the Reserve Bank of India has more than 20 days until its next MPC meeting, it still has the flexibility to continue focusing on managing risk and household inflation. And it said…

Power Mech wins an O&M order from Talwandi Sabo Power, a Vedanta subsidiary, valued at Rs 865 cr.

guna@fastura.com2 weeks ago02 mins

On Thursday, Power Mech Projects Ltd. declared that it has secured an order from Talwandi Sabo Power Limited, a Vedanta Limited subsidiary, for the Operation and Maintenance (O&M) of a 3X660 MW supercritical thermal power plant in Punjab’s Mansa District’s Banawala Village. The company announced in a regulatory filing that it had received an order…

Tata Power Renewable Energy gets the LoA from MSEDCL to create a 400 MW hybrid project.

guna@fastura.com2 weeks ago02 mins

The Maharashtra State Electricity Distribution Company Limited (MSEDCL), an arm of the Maharashtra government, has awarded a Letter of Award (LoA) to Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, for the development of a 400 MW wind-solar hybrid project in the state. The announcement was made on Wednesday. The company stated…

Focus on the IT services sector: Solid deal wins in August suggest a turnaround in FY25

guna@fastura.com3 weeks ago04 mins

While the India IT services sector’s fiscal first quarter profits showed a wide rebound across all verticals and locations, suggesting stronger fiscal growth than the previous year, the industry continued to enjoy robust deal signings in August. “After recovering in the previous months, the 3M rolling sum of deal signings—a strong lead indicator of deal…

In the first half of September, foreign portfolio investors (FPIs) invested Rs 27,856 crore in Indian stocks.

guna@fastura.com3 weeks ago02 mins

Because of the Indian market’s resiliency and expectations of a possible interest rate decrease by the US Federal Reserve, Foreign Portfolio Investors (FPIs) invested Rs 27,856 crore in Indian shares in the first half of September. Following a withdrawal of Rs 34,252 crore in April and May, FPIs have become aggressive buyers of Indian stocks…

August CPI inflation ticks up to 3.65%; Core inflation stays unchanged, as food prices rise.

guna@fastura.com3 weeks ago3 weeks ago03 mins

Due to a rise in grain prices and a little lower base than the one for July, India’s retail inflation, as measured by the Consumer Price Index (CPI), crept up to 3.65% in August from 3.6% in July. Retail inflation decreased to 6.83% in August 2023 from 7.44% in July 2023. Due to a large…

Rupee to trade between 83.60 and 84.10 in the short term.

guna@fastura.com3 weeks ago03 mins

A weak dollar index, falling crude oil prices, and robust foreign portfolio investment (FPI) inflows have not deterred the Indian rupee from trading close to its all-time low. As of September 10, it closed at 83.98, having moved in a narrow range between 83.92 and 83.99 thus far this month. The rupee has remained rangebound…

Swiggy’s forthcoming IPO will see a $600 million fresh issuance; the total amount could reach $1.4 billion.

guna@fastura.com3 weeks ago03 mins

According to internal documents, Swiggy, the fast-food delivery and e-commerce company, is preparing to raise about $600 million through a new issuance as part of its first public offering (IPO). From the $450 million that was originally stated, this represents a huge increase. The entire possible financing might be close to $1.4 billion when added…

Category: Indian Market

Inox Wind and banks led by ICICI Bank enter into a consortium agreement for facilities worth Rs 2,200 crore.

Market rising to freshmarket rises to a new high following the Fed’s decision; the rupee remains strong

Despite US Fed action, the RBI is unlikely to lower rates before December

Power Mech wins an O&M order from Talwandi Sabo Power, a Vedanta subsidiary, valued at Rs 865 cr.

Tata Power Renewable Energy gets the LoA from MSEDCL to create a 400 MW hybrid project.

Focus on the IT services sector: Solid deal wins in August suggest a turnaround in FY25

In the first half of September, foreign portfolio investors (FPIs) invested Rs 27,856 crore in Indian stocks.

August CPI inflation ticks up to 3.65%; Core inflation stays unchanged, as food prices rise.

Rupee to trade between 83.60 and 84.10 in the short term.

Swiggy’s forthcoming IPO will see a $600 million fresh issuance; the total amount could reach $1.4 billion.

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