53m ago
Manipal Health nears Rs 10,000cr IPO after Sebi approval
Manipal Health Enterprises has received approval from the Securities and Exchange Board of India (Sebi) to proceed with an initial public offering, aiming to raise about Rs 10,000cr. The company plans to use a significant share of the proceeds to repay borrowings at its subsidiaries. Another portion is earmarked to fund the acquisition of a stake. The IPO is framed as a capital-structure optimisation and is not tied to policy changes, M&A integration or a shift in its profit model, with no direct price impact cited for stock indices, healthcare-sector ETFs or related commodities.
53m ago
1h ago
BIMB Research keeps plantation sector overweight as CPO prices seen firm at RM4,200–RM4,800 per tonne in 2H26
BIMB Research maintained an “overweight” rating on the plantation sector and expects crude palm oil (CPO) prices to stay volatile but firm in 2H26, trading in the RM4,200 to RM4,800 per tonne range and averaging around RM4,500. It sees support from stronger global biodiesel blending mandates, a potentially tighter palm oil supply-demand balance and El Nino risk in 2H26 that could curb output growth. While aggregate 1Q26 core net profit for companies under its coverage fell 7% year-on-year, it expects earnings to improve progressively from 2Q26 onward, according to the research house.
1h ago
1h ago
Waterways Leisure Tourism to weigh stock split on July 10, eight trading days after listing
Waterways Leisure Tourism, the operator of Cordelia Cruises, listed on July 1 and ended its debut 17% below its issue price. The stock hit two 10% upper circuits within four full trading days. On July 6 evening, the company said its board will consider a stock split at its July 10 meeting. Each share currently has a face value of ₹10, and the stock is trading below its IPO price of ₹808.
1h ago
2h ago
Nvidia rolls out six-year GPU rental revenue backstop to unlock AI financing for neoclouds
Nvidia has introduced a GPU rental revenue backstop program that offers neocloud operators a six-year minimum-revenue guarantee paired with a revenue-sharing arrangement. The structure is designed to ease a financing bottleneck for AI infrastructure and has been applied to projects including SharonAI in Australia and Firmus in Indonesia. The initiative is aimed at supporting the expansion of an AI-related debt market that the report projects could exceed $7T outstanding by 2029.
2h ago
3h ago
Rivian shares slide as public offering plan eclipses raised Q2 revenue outlook
Rivian said it plans a public offering that would increase shares outstanding and dilute existing shareholders, with proceeds earmarked for general corporate purposes including equity contributions under its U.S. Department of Energy loan agreement. The company raised its second-quarter revenue outlook to $1.55 billion–$1.65 billion, above analysts’ $1.45 billion estimate, according to LSEG data. Rivian said the forecast is driven mainly by higher vehicle deliveries. The offering plan nevertheless weighed on the stock as investors focused on dilution and financing needs.
3h ago
3h ago
Orient Green Power puts ₹21,95,90,940 into Delta Renewable in July 06, 2026 preferential allotment
Orient Green Power Company Limited invested ₹21,95,90,940 in its subsidiary Delta Renewable Energy Private Limited by subscribing to 2,19,59,094 equity shares at a face value of ₹10 each on July 06, 2026. The fifth-tranche preferential allotment keeps Orient Green Power’s equity holding in Delta at 70%. Delta has commissioned a 7 MW AC solar project in Tamil Nadu and is developing a 17.6 MW AC solar project in the state. The company said the investment completes Delta’s preferential issue process and did not require specific governmental or regulatory approvals.
3h ago