The Indian market remained buoyant on June 26 with positive global cues and strong domestic triggers including Nestle’s bonus, JSW-NHPC PPA, and government’s ₹13,000 crore OEM incentive scheme. Sectors like Energy, Metal, and Banking gained sharply.
This move signals Bajaj Finance’s readiness for future fundraising or expansion, offering financial flexibility while keeping dilution risks in check.
HUDCO is set to raise ₹2,430 crore through non-convertible debentures (NCDs) bearing 6.90% interest. Backed by strong Q3 results and government ownership, this move strengthens its commitment to urban development financing.
Patanjali Ayurved & DS Group are set to acquire Magma General Insurance from Sanoti Properties LLP for Rs 4,500 crore. This strategic move marks Patanjali’s entry into the general insurance sector. Read more about the impact and future implications of this deal.
NTPC Green Energy reported a strong 18% rise in net profit for Q3 FY25, driven by a solid revenue increase. However, the company faced rising expenses, especially in finance and employee benefits, which impacted its overall profitability. Despite these challenges, NTPC Green Energy remains a key player in India’s renewable energy sector.