Latest Stock Market News

UAE-based Arada has acquired a 75% stake in British developer Regal for 2.5 billion dirhams ($680.70 million), marking its expansion into London after Australia. Regal will be renamed Arada London. Arada aims to triple Regal s 10,000-unit pipeline in three years, capitalizing on strong demand for residential space.

SBI Funds Management and Citadel Securities purchased Adani Power shares from GQG Partners in a significant deal. GQG Partners sold approximately 35 million shares. SBI Mutual acquired the majority of these shares. The sale occurred at a price range of 610 to 625 rupees per share. Adani Power s stock experienced a surge following this transaction.

India s IT sector faces challenges due to a steep H-1B visa fee hike, potentially impacting margins by 50-100 basis points and EPS by 2-4%. However, the industry s shift towards local hiring, offshore delivery, and the rise of Global Capability Centers (GCCs) are expected to mitigate the long-term effects. Larger firms like TCS and Infosys are better positioned to adapt.

Trualt Bioenergy, a major Indian ethanol producer, is launching its IPO with a price band of Rs 472–496 per share, aiming to raise Rs 839 crore. The IPO opens on September 25 and closes on September 29, with listing on October 3.

Trump’s $100,000 H-1B fee will make sending Indian IT engineers to the US costly, hitting firms like Infosys, TCS, and Hexaware, which rely heavily on H-1B employees for US revenue.

Saatvik Green Energy IPO: In the grey market, the shares are now priced 3% above the Rs 465 issue price, down from a previous 13% premium.

PhonePe FY25 results: IPO-bound PhonePe, backed by Walmart, has significantly reduced its losses to Rs 1,720 crore in FY25, a 13.9% improvement year-over-year, while also achieving positive free cash flow. Revenue surged by 40% to Rs 7,115 crore, driven by payment services. Employee benefit costs increased due to higher salaries and share-based payments. The company is preparing for a $1.

Ganesh Consumer Products’ IPO, backed by investor Ashish Kacholia, saw a 6% subscription on day one. Investors are closely watching its grey market premium, price band, and overall prospects before bidding. Market sentiment remains cautious but optimistic amid moderate early demand for the offering.

European shares held steady on Monday as losses in automakers offset rising technology stocks, while investors awaited comments from a slew of Federal Reserve officials later in the day.

Japan s Nikkei ended nearly 1% higher on Monday, rebounding after a volatile last session, as concerns eased over the impact of the Bank of Japan s decision to sell its holdings of riskier assets.