Sunday, August 16
A new year, another geopolitical storm brews. The script and its main characters this time are familiar— the United States (US), a regional dictator, an overnight regime change. And oil, of course.On 3 January, the US carried out military strikes in Venezuela, with US special forces capturing President Nicolás Maduro and extraditing him to face ‘narco-terrorism’ charges. US President Donald Trump has since announced that the US will oversee Venezuela’s transition of power, take control of its vast oil reserves, and encourage US companies to invest in and revive the country’s flailing oil industry. The move marks a significant geopolitical shift, reshapes global oil dynamics, and injects fresh uncertainty into an already turbulent world. Should global investors brace for a storm?
MUMBAI: India's Shapoorji Pallonji Group (SP Group) could likely be saddled with higher interest rates when its unit Goswami Infratech raises fresh funds, after another unit was forced to raise interest rates, two sources familiar with the plans said.Goswami Infratech, the SP Group's real estate and civil engineering company, is planning to raise as much as 250 billion rupees ($2.77 billion) through a two-year zero-coupon bond issue in the coming weeks.In early discussions, investors demanded returns similar to those offered to investors in Porteast Investment, which sold three-year bonds at a 19.75% interest rate in May, raising 286 billion rupees in India's largest corporate bond sale ever.However, the interest rate climbed to 21.75% in December after it failed to meet
Indian Energy Exchange (IEX) shares fell 9% over the past two sessions, reversing a brief rally in which the stock jumped 14% after the electricity regulator’s counsel sought time from the Appellate Tribunal for Electricity (APTEL) to obtain instructions from the Central Electricity Regulatory Commission (CERC) on withdrawing the market coupling order.The shares fell over 7% on Friday after APTEL deferred the hearing on market coupling norms to January 19. The IEX stock has plunged 35% from its peak and is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 140.8 and Rs 162.5, respectively, according to Trendlyne data.What should investors do?Market expert Nilesh Jain recommended strictly avoiding any fresh positions in the stock. He calls the technical cha
Shares of Indian Renewable Energy Development Agency (IREDA) jumped 4% to an intraday high of Rs 142.30 on the BSE on Monday, January 12, after the company reported a strong financial performance for the third quarter ended December 31, 2025. The company posted a 15.4% year-on-year (YoY) increase in its consolidated net profit at Rs 1,381.36 crore.Revenue from operations surged 28.2% YoY to Rs 6,041.82 crore during the quarter, compared to Rs 4,714.25 crore in the same period last year.For the nine-month period ended December 31, 2025, IREDA reported a 27% YoY growth in revenue from operations to Rs 6,135 crore, up from Rs 4,838 crore in the corresponding period of the previous fiscal.Profit before tax (PBT) for the same period stood at Rs 1,718 crore, a 17% rise over Rs 1,474 crore last y
