Page 13 - Market News

Tata Steel's expansion pipeline supports favourable post-expansion outlook

Tata Steel is stacking up projects to take domestic capacity to 40 mtpa by 2030, with NINL expansion, downstream additions and pellet supplies, even as near-term steel prices stay weak

Mkt regulator Sebi clears Pranav Adani, others of insider trading charges

In a separate 63-page order, Sebi also dropped insider trading charges against Vinod Bahety, former head of M&A at the Adani Group, and three associated entities

ICICI Prudential AMC raises ₹3,021 cr from anchor investors ahead of IPO

The anchor book saw strong participation from sovereign wealth funds, global long-only investors, mutual funds, pension funds and insurance companies

Costs and capacity cuts prompt downward revision of IndiGo's FY26 profits

Operational disruptions, higher pilot costs and softer yields hit sentiment

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information

SAT upholds Sebi's interpretation of RPT norms in Linde India case

The ruling reinforces Sebi's framework for evaluating large RPTs and is expected to have implications for how listed companies structure and disclose dealings involving related parties

Rupee gains on exporter dollar sales, foreign inflows; best in Asia Tuesday

The rupee strengthened to 89.88 per dollar on exporter dollar sales and foreign inflows, leading Asian peers on Tuesday, though analysts said structural demand-supply pressures persist

Rupee weakens after RBI rate cut; Guv says external position comfortable

The rupee slipped after the RBI cut the repo rate by 25 bps, with traders citing dollar sales near 90.07 per dollar. Governor Sanjay Malhotra said reserves and the external sector remain comfortable

Stocks to Watch today, Dec 5: IndiGo, banks, auto, ITC Hotels, Adani Ent

Stocks to Watch, Friday, Dec 5: Rate sensitive stocks, RailTel, Samvardhana Motherson, IndusInd Bank, Deepak Nitrite, and Tata Power are some other stocks to watch today

Debt reduction, JV benefits with JFE seen as positives for JSW Steel

JSW Steel's BPSL restructuring and its 50:50 JFE JV signal major deleveraging and a cleaner structure, adding tech benefits even as consolidated operating profit is expected to moderate

Sebi impounds ₹546 cr, bars Avadhut Sathe academy for alleged violations

Sebi has barred Avadhut Sathe Trading Academy and impounded Rs 546 crore, alleging the outfit offered unregistered stock advice under the guise of education and misled participants

Stock Market close: Sensex, Nifty snap 4-day losing streak; IT shares outperform; VIX down 4%

Sensex today | Stock Market close, Thursday, Dec 4: The Nifty MidCap index rose 0.30 per cent, while the Nifty SmallCap gained 0.1 per cent

Valuations factor in revenue growth, margin expectations for Hitachi Energy

Hitachi Energy India posted strong Q2FY26 margins and revenue on a solid order book and export demand, but HVDC's long gestation and rich valuations may cap gains despite an upbeat outlook

No near-term triggers for building materials as Q2 growth stays muted

Building materials companies logged mid single-digit Q2FY26 growth amid monsoon disruption, weak retail demand. Brokerages remain split on an H2 rebound as pricing, PVC and competition stay in focus

Indian ecom penetration could mirror WhatsApp user base: Meesho cofounder

Meesho Cofounder Sanjeev Kumar says India's ecommerce penetration could eventually match Whatsapp's vast user base, driven by rapid growth in smaller cities and heavy investment in AI and tech

Loan growth, profitability seen improving for public sector banks

Public sector banks are poised for improved credit growth, lower stress costs and stronger profitability as margins stabilise and policy support boosts lending momentum

SC rejects RIL plea against ₹30L fine for not disclosing Jio-FB deal

Bench says "bigger the company, greater the responsibility," dismisses appeal over 2020 insider trading violation

E-commerce firm Meesho's ₹2,439 cr anchor book sees 30x oversubscription

This is led by SBI MF, GIC, Fidelity, BlackRock, Axis MF, Aditya Birla MF and prominent tech investors like Dragoneer

Abakkus Mutual Fund to debut with flexi-cap scheme launch on December 8

New entrant Abakkus Mutual Fund will launch its first equity scheme, Abakkus FlexiCap Fund, on December 8, with Sanjay Doshi as fund manager and Sunil Singhania in an oversight role

Bond yields likely to ease before RBI's monetary policy review meeting

Optimism building around potential announcement of an OMO calendar