PG Electroplast has launched a Qualified Institutional Placement (QIP) to raise up to Rs 1,500 crore at a floor price of Rs 705.18 per share, resulting in a 6.7% equity dilution. The funds will be allocated for working capital, loan repayment, and general corporate purposes, as the company anticipates significant growth opportunities.
Singapore’s GIC plans to increase its stake in Asia Healthcare Holdings by 15% from TPG, potentially valuing the company at $800-900 million ahead of a public listing in the next couple of years. This move highlights the growing investor interest in India's private healthcare sector, which has seen a surge in public offerings since the pandemic. Additionally, Blackstone and Sattva Group are preparing to file papers for a $750-800 million office real estate investment trust.
The World Bank has approved a USD 188.28 million loan to Maharashtra to boost economic growth in its lagging districts. This initiative will enhance district planning and growth strategies by providing essential data, funds, and expertise, while also improving e-government services to foster private sector participation, particularly in tourism. The program aims to strengthen institutional capabilities and promote evidence-based policymaking for broad-based growth.
US benchmarks, including the Dow Jones, S&P 500, and Nasdaq Composite, reached record highs, fueled by a surge in tech stocks following strong earnings from Salesforce and Marvell Technology. In contrast, American Eagle Outfitters cut its full-year sales guidance and issued a grim holiday outlook. Meanwhile, the French government fell after a no-confidence vote, and the Bank of England's Governor hinted at potential interest rate cuts if inflation continues to decline.
Suraj Estate Developers is in the spotlight after its subsidiary, Iconic Property Developers, acquired a 1,464-square meter plot in Mahim, Mumbai, for Rs 101 crore. The company plans to develop a commercial building with an estimated RERA carpet area of 1.03 lakh square feet and a gross development value of around Rs 525 crore.
Torrent Pharmaceuticals is set to acquire three anti-diabetes brands from Boehringer Ingelheim GmbH: Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin), and Xilingio (empagliflozin + linagliptin). The deal, which follows a co-marketing agreement initiated in 2022, is expected to be finalized by March 2025.
Vietnam is harnessing Artificial Intelligence (AI) to transform its healthcare sector, with significant investments and partnerships driving growth. While private healthcare systems like Vinmec are integrating AI effectively, public healthcare faces challenges due to outdated infrastructure and manual record-keeping. Establishing a legal framework for data privacy and ethical AI use is crucial for building public trust and ensuring effective implementation.
Vodafone Group Plc plans to sell its remaining 3% stake, expecting proceeds of Rs 2,700-2,800 crore. After repaying USD 101 million in borrowings, the residual funds of Rs 1,900-2,000 crore will be injected into Voda Idea, which aims to clear dues to Indus. This could enable Voda Idea to pay dividends of Rs 11-12 for H2FY25, potentially exceeding Rs 20 annually in FY26 and FY27, offering a compelling dividend yield of 6% during that period.
Bharat Forge has launched a Qualified Institutions Placement (QIP) to raise up to Rs 1,650 crore, setting the floor price at Rs 1,323.54 per equity share. The indicative issue price ranges from Rs 1,290 to Rs 1,320, reflecting a discount to the stock's last closing price. Following subdued financial results for the September quarter, the company aims for stable performance in the second half of the financial year.
Japanese stock markets are poised for growth, with UBS projecting a 5% upside by 2025, driven by local demand and improving economic conditions. However, increased U.S. tariffs under President-elect Trump pose risks, particularly for export-oriented firms. UBS recommends focusing on domestic sectors like retail, housing, and IT services, while cautioning that political instability could impact economic stability.
03:02 05.12.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings