Thursday, October 15
Goldman Sachs bought nearly 11 lakh shares of TD Power Systems on Thursday via block deals. The shares were purchased at Rs 50.30 crore.The shares were bought through its arm Goldman Sachs India Equity Portfolio at a price of Rs 460 per share which was at a discount of 7% from the closing price of Rs 494.10 on the NSE.Goldman Sachs held 3.11% stake in the company as on March 31, 2025.Today, the stock ended at Rs 483 on the NSE, down 10.75 or 2.18%.TDPS was founded in April 1999 and is headquartered in Bengaluru with sales offices in Germany, Turkey, Japan & USA. The company makes generators & motors.Shares of TD Power Systems are trading above its 50-day and 200-day simple averages (SMAs) of Rs 411 and Rs 407, respectively.The stock has been quite volatile and has traded with a 1-y
The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy response to slower economic growth and controlled inflation, according to a report by Morgan Stanley.The report said that the policy approach is likely to remain countercyclical, meaning the RBI would take steps to support the economy when growth slows down.It said, "We expect the RBI to respond with a deeper easing cycle, premised on slower growth, while inflation remains under control."Morgan Stanley expects the central bank to carry out a total rate cut of 100 basis points (bps) in this easing cycle. Out of this, two more rate cuts of 25 bps each are expected going forward.It also expected the RBI to bring down the repo rate to 5.5 per cent with a total easing of 100 bps. It added that
Brookfield Asset Management Ltd., one of the largest investors in India’s infrastructure sector, plans to cross the $100 billion investment mark in the country in the next five years and is open to backing nuclear power projects, a segment that has seen a policy push in recent months, said a senior company executive.The New York-headquartered firm also aims to double its nearly $1 trillion assets under management during this period.“We are believers in nuclear (energy). We do think it provides clean, dispatchable baseload power and that is beneficial to the stability and growing demands for energy around the world. We are invested in the nuclear sector on a global basis,” Connor Teskey, president, Brookfield Asset Management, said on Thursday.He said the demand for clean energy, incl
