Sunday, August 30
Nuvama Wealth Management has announced that it will undertake a 1:5 stock split, with the record date set for Friday, December 26, 2025. The move was approved by the company’s shareholders on December 7 and shared with the exchanges via a regulatory filing on December 8.Under this sub-division of equity shares, each existing equity share with a face value of Rs 10 will be split into five shares with a face value of Rs 2 each. This means that for every 1 share held, eligible shareholders will receive 5 shares, without any change in the overall value of their holdings.The total number of outstanding shares will increase fivefold, while the stock price is expected to adjust accordingly post the split.Stock splits are often undertaken to enhance liquidity and make shares more accessible to r
If you’ve been watching InterGlobe Aviation’s stock unravel over the past week, HSBC has a message for you: take a breath. Yes, IndiGo has just lived through one of the most bruising operational meltdowns in Indian aviation history, and yes, the airline now faces higher costs, reputational bruises and lingering questions about its network planning. But, as HSBC Global Investment Research believes the chaos hasn’t cracked the airline’s long-term foundation, with the brokerage saying IndiGo faces “major headwinds but no structural damage.”HSBC has lowered its target price for InterGlobe Aviation, the parent of IndiGo, to Rs 5,977 from Rs 6,920, reflecting fresh cost pressures, cancellations and forex effects. But the house has kept its 'Buy' rating firmly in place. It argued that
New Delhi: Fitch Ratings on Monday said most countries across the Asia-Pacific region are likely to remain "generally resilient" to extra US tariffs and an economic slowdown in China.The uncertainty caused by the US tariffs is abating gradually but any potential re-escalation in trade or geopolitical tensions despite the recent US-China trade deal or implementation of high semiconductor tariffs remains a risk for the regional outlook, the New York and London-headquartered agency said. Most of the larger Asian emerging markets are facing extra 19-20% US tariffs, reducing prospects for major tariff-driven supply-chain shifts within the region. But with a 50% extra US tariff, India remains an outlier as it has yet to secure a trade deal with Washington, it said.Persisting dollar weakness and
New Delhi: Many companies are choosing to postpone in-person meetings and conferences and are avoiding non-essential travel this week amid the uncertainty associated with travel, following mass cancellation of flights by IndiGo, the country's largest airline.Even as IndiGo chief executive Peter Elbers said operations were "fully stabilised" and that the carrier operated more than 1,800 flights on Tuesday, companies are taking a cautious approach. Hospitality industry insiders said cancellations were coming in, but they expect the crisis to cause only a temporary blip in performance in a usually busy quarter."Many of the outstation travel now stands cancelled across airlines, both on account of flight unavailability and high fares," said a partner at a consulting firm who did not wish to re
