Bajaj Auto Ltd. is set to take majority control of Austrian motorcycle manufacturer KTM AG, marking a historic shift in their two-decade partnership. The Indian automaker has arranged a €800 million financial package to stabilize KTM’s liquidity crisis and support its restructuring efforts. Strategic Takeover & Financial Breakdown KTM’s Financial Struggles & Restructuring Plan KTM…
Sun Pharmaceutical Industries Ltd. has announced a $25 million investment in US-based biopharmaceutical firm Pharmazz Inc, increasing its stake to 22.7% on a fully diluted basis. This strategic move strengthens Sun Pharma’s specialty drug pipeline, particularly in neurological and critical care segments. Investment Breakdown & Strategic Goals Pharmazz’s Drug Portfolio & Market Expansion Pharmazz is…
JSW Steel has formally requested a ₹19,300 crore refund from banks following the Supreme Court’s decision to nullify its 2019 acquisition of Bhushan Power and Steel Ltd. (BPSL). The company has also sought a 60-day stay on the liquidation process, citing potential financial and operational disruptions. Supreme Court Ruling & Refund Demand Earlier this month,…
Rail Vikas Nigam Ltd. (RVNL) has reaffirmed its ambitious revenue target of ₹22,000 crore for FY26, driven by strong project execution and diversification beyond railway infrastructure. The state-run company aims for a 10-15% revenue growth compared to the previous fiscal year. Key Growth Drivers Financial Outlook & Market Sentiment Despite a 4% YoY decline in…
Kanodia Cement Ltd. has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its initial public offering (IPO). The IPO will be entirely an Offer for Sale (OFS), with 1.49 crore equity shares being offloaded by existing shareholders, ensuring that the company itself…
The Securities and Exchange Board of India (SEBI) has launched an investigation into US-based Jane Street Group, following allegations of market manipulation after the firm generated over $2.3 billion in revenue from Indian equity derivatives in 2024. Jane Street’s India Trading Boom Jane Street, a New York-based quantitative trading powerhouse, saw a sharp revenue surge…
The Reserve Bank of India (RBI) has announced a record dividend payout of ₹2.7 trillion to the government, driven by aggressive US dollar sell-offs, forex gains, and rising interest income. According to a report by State Bank of India (SBI), the central bank’s strategic interventions in the foreign exchange market played a crucial role in…
The Adani Group has announced a massive ₹50,000 crore investment across the Northeast region over the next 10 years, reinforcing its commitment to infrastructure and economic development. This fresh investment comes in addition to the ₹50,000 crore pledged for Assam earlier this year. Key Focus Areas of Investment The conglomerate’s investment will span multiple sectors,…
Goldman Sachs India Equity Portfolio has made a significant investment in TD Power Systems Ltd., acquiring 11 lakh shares worth ₹50.30 crore through a block deal. The purchase was executed at ₹460 per share, reflecting a 7% discount compared to the previous day’s closing price of ₹494.10 on the NSE. TD Power Systems: Market Performance…
ITC Ltd. shares witnessed a sharp uptick following the release of its Q4 FY25 earnings, reflecting a resilient performance amid a challenging economic environment. The stock climbed 3% intraday, driven by investor optimism over the company’s steady growth and strategic outlook. Q4 Earnings Snapshot ITC reported a net profit of ₹19,562 crore, significantly boosted by…
