Tuesday, September 01
ET Intelligence Group: Aequs, an aerospace components maker, plans to raise ₹670 crore through a fresh issue to repay debt and to fund capital expenditure and acquisitions. It will also raise ₹2,518 crore through an offer for sale. The promoter group's stake will fall to 59.1% after the IPO from 64.5%. It operates units in three manufacturing clusters in India and has two manufacturing facilities in France and the United States. The company has reported losses for the last three years owing to the new segment of household appliances. Its aerospace business is heavily dependent on the performance of the global aviation sector. About 89% of its revenue comes from international markets with US and France contributing over 20% each. Its operating margin before depreciation and amortisati
India's palm oil imports rose slightly in November as lower prices prompted refiners to increase purchases of the tropical oil while cutting back on more expensive soyoil and sunflower oil purchases, according to five dealers.Higher palm oil imports by India, the world's largest buyer of vegetable oils, could help top producers Indonesia and Malaysia reduce their stocks and support benchmark Malaysian palm oil futures, while putting pressure on U.S. soyoil futures.Palm oil imports rose 4.6% month-on-month in November to 630,000 metric tons, according to estimates from dealers.Meanwhile, soyoil imports fell 12% to 400,000 tons, and sunflower oil imports slid 44% to a two-year low of 145,000 tons, according to dealer estimates.India's total edible oil imports in November slipped 11.5% to a s
As silver surged past the Rs 1.8 lakh-per-kg mark on Monday, it entered the multibagger club for the first time — a milestone the white metal has never achieved before. With a stellar 103% return so far in 2025, silver now finds itself in the elite company of just 20 stocks that have delivered multibagger gains this year.Long viewed as gold’s cheaper cousin and merely a portfolio diversifier, silver was rarely mentioned in the same breath as the yellow metal — let alone equities. But 2025 has flipped the script. Its blistering returns have not only outpaced gold by a wide margin but also eclipsed nearly every stock listed on the BSE and NSE.The year is still not over and analyst estimates see the white metal testing levels of up to Rs 1,85,000. Enrich Money's CEO Ponmudi R expects do
Even as the Nifty 50 finally broke its 14-month jinx and reclaimed record highs, the broader market continues to show clear signs of strain, says Deepak Shenoy, Founder & CEO, Capitalmind MF. Speaking to ET Now, Shenoy cautioned that the rally remains narrow and lacks meaningful breadth.“Smallcaps are actually down 5% in 2025. More than 40% of Nifty 500 stocks are still 10% below their all-time highs. So the market has not delivered a true breakout,” he said.Breadth missing, FIIs still not buyingAccording to Shenoy, foreign investors are not yet returning in a meaningful way. Some inflows are coming via the primary market, but secondary market buying remains subdued.Key triggers investors are watching:A potential US–India trade dealRBI’s upcoming interest-rate decisionBoth even
Mumbai: The senior management at the Securities and Exchange Board of India (Sebi) is pushing back against a proposed disclosure rule that requires them to publicly state their assets and liabilities. They have cited privacy concerns and potential speculation about their financial details to oppose the disclosure norms, multiple people aware of the development told ET. A panel led by the former chief vigilance commissioner, Pratyush Sinha, had recommended regulatory officials at the rank of chief general manager and above make their assets and liabilities public to enhance transparency and accountability within the capital-markets watchdog. The Sebi board is expected to discuss the recommendations of the Sinha panel on December 17. More than 100 officers, both through the employees' assoc
Mumbai: India's equity indices ended marginally lower on Monday after hitting fresh lifetime highs earlier in the day as the market continued to face hurdles at record levels amid a weakening rupee and lack of clarity on the much-awaited US-India trade deal. NSE's Nifty rose as much as 0.5% to an all-time high of 26,325 in opening trades, before it gave up all gains to close at 26,175, down 27.2 points or 0.1%. The BSE Sensex also made a record of 86,159, before ending 64 points lower at 85,641. Both Nifty and Sensex made all-time highs before ending lower on Monday as well as on Thursday. This was the third consecutive session for Nifty where it made an all-time high before ending lower. The Sensex saw this happen on Monday as well as Thursday. "The market has struggled to sustain its gai
