Intel is gearing up for a monumental fifteen billion dollar share sale aimed at boosting its chip manufacturing capabilities. This strategic decision aligns with the company's commitment to enhancing its production facilities and advanced packaging technologies. By amplifying its operations, Intel is setting its sights on competing with industry giants like TSMC, as soaring demand for CPUs surpasses its manufacturing capacity.
In a significant regulatory shift, Sebi is set to increase the cap on the number of annual debt security ISINs maturing. This initiative is designed to alleviate liquidity challenges and refinancing stress faced by Non-Banking Financial Companies (NBFCs) and major corporations. Furthermore, Sebi recommends exempting ESG debt securities from these limitations and advocates for the removal of mandatory listing on all previous unlisted debt offerings.
Zee Entertainment’s Q1 FY27 profit fell 48% to Rs 74.3 crore, while EBITDA plunged 65% despite 5% revenue growth. Advertising faced pressure from Middle East tensions and cricket, partly offset by FIFA rights, subscription growth and higher digital ARPU.
Realty major DLF Ltd sold a Gurugram penthouse for Rs 271 crore. This luxury housing project is named 'The Dahlias' and is located in DLF Phase 5. The penthouse sale achieved Rs 1.58 lakh per square foot on super area. DLF expects over Rs 40,000 crore revenue from this project. Demand for luxury apartments has increased significantly across major cities post-COVID.
The Indian rupee is poised for stability against the dollar throughout this financial year. Initiatives to entice dollar investments and a decline in commodity prices are expected to mitigate risks. With foreign investors returning to Indian equity and debt markets, actions from the central bank should help minimize significant currency fluctuations in the short term. Additionally, Indian bonds could stabilize at a yield of approximately 6.70%.
On Monday, Indian government bonds remained stable following last week's increases. The rise in oil prices countered some support from softer economic data from the United States. Traders are eagerly awaiting inflation reports from both India and the U.S., which will significantly influence bond market trends this week. Notably, ultra-long bonds saw a rise, likely driven by value purchases from insurers.
Indel Money is set to pursue a remarkable fundraising initiative of up to five billion rupees within this month. This forthcoming public debt offering marks the company's most significant endeavor to date. The bonds will have maturities ranging from 400 days to six years, boasting attractive coupon rates between nine and eleven point five percent. Rated A- by India Ratings, these bonds are expected to close on August thirty-first.
Six BSE 100 stocks, including Paytm and TVS Motor, hit fresh 52-week highs on Monday. The stocks have gained up to 23% over the past month.
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