Friday, September 25
For a decade, Anil Ambani, 66, was a case study in decline. Almost everyone in the market had written him off. Almost all his ventures had failed. But it seems fortune has started smiling on him again. He’s fast becoming a compelling case study in corporate revival. And the resurgence is not going unnoticed. Dalal Street is responding in kind. In the past six months, two of his group companies, Reliance Power and Reliance Infrastructure, have seen market cap gains of 1.5x and 1.9x, respectively. Also, foreign institutional holdings have increased, and so has the group’s project pipeline, which includes solar-plus-storage megaprojects and Rs 10,000 crore smart munitions contracts. More importantly, the companies are debt-free. Additionally, a Rs 17,600-crore capital raise is underway. T
Notwithstanding market regulator Securities and Exchange Board of India's (Sebi) measures to curb speculative trading activity in the futures & options (F&O) segment, nearly 91% of individual traders incurred net loss in in the equity derivatives segment (EDS) in FY25 at the aggregate level, similar to the trends observed in FY24.A Sebi release on Monday said that the regulator analysed the profit and loss of individual traders in EDS to arrive at the conclusion.Sebi October 1, 2024 circular had introduced measures to strengthen the equity index derivatives framework.Sebi's revelation was in response to certain media reports which had highlighted the impact of these measures."In order to present the factual impact of these measures, the trading activity of both (i) all investors an
From Ottawa to Beijing, US President Donald Trump’s trade war has made many enemies. But it has also won America some allies. Asia's richest tycoon is preparing to welcome US cargo originally meant for China but rerouted to India. The ship Mukesh Ambani is waiting for is laden with ethane. This colorless, odorless component of natural gas is shipped in liquefied form in special carriers such as STL Qianjiang, which is currently on its way from the US Gulf Coast to billionaire Ambani’s terminal in Dahej, Gujarat, on India’s western seaboard. There, his flagship Reliance Industries Ltd. has an ethane cracker to produce ethylene, a key building block of plastic products.The unit, completed in 2017, made Reliance “the first company to globally conceptualize large-scale imports of ethan
