#1 Nifty changes: Zomato & Jio Fin to replace Britannia & BPCL w.e.f March 28
#2 FTSE inclusions: BSE, CDSL, Bajaj Housing & IndusInd Bank
#3 Healthcare Global: KKR to acquire controlling stake from CVC for $400 million, triggers Open Offer
#4 Granules India to acquire 100% stake in Switzerland-based Senn Chemicals AG for Rs 192.5 crore
#5 Railtel wins order worth Rs 288 crore from East Central Railway
#6 RVNL emerges as L1 Bidder for South West Railway project worth Rs 156.35 crore
#7 Vedanta declared preferred bidder for Madhya Pradesh’s Kauhari Diamond Block
#8 Ujjivan SFB to sell micro-banking pool size worth Rs 364.51 crore to an ARC
#9 Paisalo Digital withdraws preferential issue of convertible warrants
#10 NTPC Green: 3-month shareholder lock-in ends; 18.33 crore shares or 2% outstanding equity eligible to trade
Telecom major Bharti Airtel’s board has approved raising the stakeholding in Airtel Africa by up to 5 percent, the telecom firm said in an exchange filing on February 21.
Airtel Africa Mauritius Limited, which is a step-down subsidiary of Bharti Airtel, presently holds 57.29 percent of Airtel Africa plc.
The said acquisition is being done to increase stake in Airtel Africa plc, it said.
Quality Power Electrical Equipments is the only company from the mainboard segment, scheduled for listing on the bourses effective February 24. Apart from which, the mainboard segment will remain muted next week…
Chemical manufacturing company Anlon Healthcare has refiled the preliminary papers with the SEBI for fund raising via initial public offering, after the capital markets regulator returned earlier IPO papers last year.
The IPO comprises of solely fresh issue of 1.4 crore equity shares with no offer-for-sale component, as per the draft papers filed on February 20. Hence, the entire issue proceeds will be received by the company.
Earlier in October 2024, Gujarat-based Anlon had filed draft red herring prospectus with the SEBI, but in December 2024, the SEBI had returned those draft papers.
The company manufactures advance pharmaceutical intermediates (raw material used for manufacturing active pharmaceutical ingredients), and active pharmaceutical ingredients (APIs used as a raw material for pharmaceutical formulations.
#1 Asian markets trade lower as US data stokes fears of sticky inflation
#2 Japanese markets are closed for a public holiday
#3 GIFT Nifty signals negative start
#4 European markets ended mixed on Friday
#5 Wall Street logs worst session of 2025
#6 Dow clocks worst weekly performance since October
#7 US 10-year yield dips to 4.2%
#8 US dollar strengthens against peers
#9 US business activity drops to a 17-month low
#10 Gold clocks 8th weekly gain
#11 Crude posts weekly loss; Brent below $75
Quality Power Electrical Equipments is the only company from the mainboard segment, scheduled for listing on the bourses effective February 24. Apart from which, the mainboard segment will remain muted next week…
Food delivery giant Zomato and financial services player Jio Financial Services have entered into the Nifty50 index as part of the semi-annual reshuffle. Oil marketing major Bharat Petroleum Corporation and FMCG player Britannia Industries have been excluded.
The changes will come into effect from March 28. These changes will also be applicable to Nifty50 Equal Weight index.
According to domestic brokerage JM Financial, the inclusion of Zomato would lead to passive inflows of $702 million, while the inclusion of Jio Financial Services could bring $404 million in flows. On the other hand, the exclusion of BPCL and Britannia Industries might lead to outflows of $240 million and $260 million, respectively.
The euro firmed on Monday after Germany’s opposition conservatives won the national election as expected, while the dollar extended its decline on mounting worries over the growth outlook of the U.S. economy.
The euro extended gains from early in the session to last trade 0.46% higher at $1.0508. Investors’ focus is now on how quickly Merz’s party can form a coalition government to bring about much-needed change to a frail economy.
In the broader market, the dollar fell ahead of a busy week packed with U.S. economic data and speeches from various Federal Reserve officials.
Trading was thin on Monday with Japanese markets closed for a public holiday.
Against the dollar, sterling hovered near a two-month high at $1.2659, while the Aussie rose 0.17% to $0.6370.
US stocks tumbled on Friday, extending their selloff in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand….
Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan’s oilfields, while investors awaited clarity on talks to end Russia’s war on Ukraine.
Brent futures fell 20 cents, or 0.3%, to $74.23 barrel, while U.S. West Texas Intermediate crude futures lost 28 cents, or 0.4%, to $70.12 a barrel.
Both contracts dropped by more than $2 on Friday, posting weekly declines as well.
Stocks in Asia fell after Wall Street notched up its worst session of the year on lackluster US economic data. The dollar also declined against its peers, notably the euro.
Trends on GIFT Nifty indicate a negative start for the broader index in India, with a loss of 111.5 points or 0.49 percent. The Nifty futures were trading around 22,680.50 level.