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Ultraviolette Auto plans to list in FY27

Updated at : 2025-03-18 07:20:02

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Ola Electric, which listed on the bourses in August last year, raised ₹6,145 crore through its IPO. Hero MotoCorp-backed Ather Energy, which is scheduled to list next month, aims to raise $400 million (₹3,474 crore) through the shares sale.

Vedanta Chairman Anil Agarwal reaffirmed the company s commitment to unlocking value, saying the four new companies that will emerge from the demerger, have the potential to grow into $100 billion companies each.

Analysts expect the Fed to hold interest rates steady, maintaining its stance from the last meeting due to risk of inflationary pressure from the US tariff policies.

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Religare Enterprises (REL) has enlisted Trilegal and Grant Thornton Bharat LLP to review potential misconduct by current and former employees. The governance review aims to assess operational practices and recommend improvements. The board seeks immediate financial support from the Burman Group to address a cash flow gap.

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Short-term borrowing costs for Indian lenders are expected to decrease next month due to the central bank s liquidity infusion measures. These initiatives aim to lower rates for instruments like certificates of deposit (CD) and commercial paper (CP), potentially leading to reduced lending rates sooner than previously anticipated.

Public sector banks are encouraged to focus on timely capital raising and reducing intermediation costs to make banking products more affordable, says M Nagaraju of the financial services department. Collaborative efforts in areas like cyber security and AI applications are also emphasized to improve services.

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The Reserve Bank of India’s measures to control credit offtake have successfully mitigated risks in unsecured loans. By increasing risk weights on these loans in November 2023, the growth in credit card dues and loans to non-bank lenders decelerated significantly. Following this moderation, the RBI plans to restore the original risk weights starting in FY26.

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The fundraising suggests a likely return of investor confidence in the bank after the Reserve Bank of India on Saturday said the private lender has sufficient capital despite a likely hit on its net worth.

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The new facility is reportedly borrowed at a weighted life of 19 years, and now carries a funding cost of 9.2%. The loan it refinanced was taken in 2021 to develop wind-solar hybrid projects.

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Analysts predict significant returns for stocks like Tata Motors, Varun Beverages, and Kirloskar Oil Engines with expected upsides up to 72%. Positive factors include valuations, margin expansions, and growth opportunities, while potential risks such as demand slowdown and competitive intensity are considered.

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