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«Only the large companies like NTPC, Tata Power with a strong balance sheet or NHPC, JSW Energy, they can only support this kind of incremental capex which are required beyond 2032, close to 4 lakh, 5 lakh crore kind of opportunity,» says Rupesh D Sankhe, Elara Capital. To begin with, there is debate out on the street whether this IPO of NTPC Renewables is the best thing to do or is it the right time to do or not? What is your take on the same? Rupesh D Sankhe: If you look at their capacity addition target by 2032, it is close to 60 gigawatt capacity. So, current operational capacity is just 3.2 gigawatt and they cannot support more than 2 gigawatt per annum. So, definitely the incremental cash flows will come at around 2,500. It will not add significant growth in their capacity addition for next two to three years.

Afcons Infrastructure — the largest in over two years — is likely to be launched in the first week of October, according to sources. The flagship engineering and construction arm of the Shapoorji Pallonji Group could increase the size of the issue to ₹8,400 crore from ₹7,000 crore planned earlier, including the pre-IPO allotment. This makes it the largest IPO since Life Insurance Corp's (LIC) ₹21,008 crore issue in May 2022. According to the draft red herring prospectus (DRHP), the offering consists of a fresh issue of up to ₹1,250 crore and an offer for sale (OFS) of up to ₹5,750 crore by the promoter, Goswami Infratech. Sources said the promoters are considering selling more shares worth ₹7,150 crore. Afcons did not respond to ET's queries.

Overseas investors bought Indian equities worth ₹32,779 crore across 17 sectors in the first 15 days of September, according to data from NSDL. Financial services received the highest inflows as Foreign Portfolio Investors (FPIs) pumped ₹12,253 crore into the sector in the first-half of September, after selling a similar amount in August. Nifty Bank and Nifty Financial Services indices gained 6.13% and 6.95%, respectively, in the past month. From January to August, overseas investors pulled ₹64,932 crore out of the shares in the sector.

Investors looking to wager on Initial Public Offerings (IPOs) to make a quick buck may be better off selling the newly- acquired shares in the issue soon after the listing. This is because the first-day pop does not ensure that such bets would continue to do well in the subsequent weeks. Of the over 100 mainboard IPOs listed on the exchanges from January 2023 till date, shares of 22 companies were locked in the highest tradable limit (upper circuit) of between 5% and 20% on the listing day, according to Samco Securities. But over half of these stocks have not been able to maintain the bullish momentum over the next one month.

Nifty, with a potential target of 26,250 and immediate support at 25,600. However, caution is advised due to indicators like the FPIs’ long-short ratio reaching 75%, and the monthly RSI crossing 80, according to analysts. Stocks such as HDFC Bank, Kotak Bank, M&M, Maruti, Eicher Motors, L&T, Nestle India, United Spirits, Sobha, Lodha, JSW Steel, Blue Star, and Havells have formed bullish trends on charts. NAGARAJ SHETTI, TECHNICAL ANALYST, HDFC SECURITIES

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The advent of cryptocurrency and blockchain technology has revolutionized the financial landscape, providing users with decentralized, secure, and transparent systems for transferring and storing wealth. However, with this innovation has come a new wave of challenges, particularly when it comes to security. As the value of digital assets like Bitcoin, Ethereum, and various altcoins has soared, so too has the frequency of hacking incidents, scams, and frauds. For many investors, losing cryptocurrency can feel like an irreversible loss, but blockchain recovery solutions are offering a glimmer of hope.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

In the race to dominate the Layer-1 blockchain space, Bitgert, Ethereum, and Cardano have emerged as key players, each bringing unique strengths and innovations. While Ethereum remains the industry leader with its extensive dApp ecosystem and robust intelligent contract capabilities, it faces growing competition due to scalability challenges and high gas fees. On the other hand, Cardano continues to build on its reputation for security and academic rigor, offering a more research-driven approach to blockchain development.

Each of these brands offers unique features that cater to different needs, whether you are looking for high juice yield, ease of cleaning, or sleek design. We’ll explore what sets these juicers apart, helping you navigate the options to find the perfect fit for your kitchen. With the right cold press juicer, you can elevate your daily routine, enjoying fresh, homemade juices that nourish your body and delight your taste buds.

Kushal Kumar, who is often referred to as ‘Indian Nostradamus’, recently shared his insight on the political showdown between Donald Trump and Kamala Harris, who are the two top candidates for the upcoming US Presidential elections. While the astrologer acknowledged that Harris had more goodwill, he went on to explain that there can be no definite conclusions drawn on who will become the next president without a thorough look at their birth chart. However, he hinted that the winner will have the attributes more commonly attributed to Harris. “As regards the person who appears to have a greater chance to be the US President in the 2024 Presidential elections, a detailed analysis of birth charts of the candidates who may finally emerge contesting, would be called for. However, the planetary suggestion can be read to say that the person has a high-level lawyer-like or a sound economist-like mindset, a gifted argument maker while taking struggle head-on suits him,” he wrote on Medium. Opinions shared by a significant portion of American viewers following the debate, as reflected in various news reports, seem to align with the writer's earlier predictions regarding Vice President Kamala Harris. These observations suggest that her characteristics may position her as a potential contender to lead the country in the upcoming November 2024 U.S. Presidential election.

The NSE Nifty 50 added 1.48% to 25,790 and the S&P BSE Sensex gained 1.63% to 84,544, logging record closing highs.

IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue price. The price band for the IPO has been fixed at Rs 114-120 a share.

Rohini Nilekani, philanthropist and wife of Infosys co-founder Nandan Nilekani, purchased shares worth Rs 8.55 crore in logistics firm Allcargo Gati via open market transactions on Thursday. Rohini Nilekani's smallcap portfolio acquired 8,13,375 shares, representing a 0.62% stake, at Rs 105.21 per share, according to NSE block deal data.

Vodafone Idea. They now need to return to the drawing board to find ways to raise significant funds to handle these dues,” says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Edited excerpts: ET Now: Though there has been a furious run-up in the Nifty Bank Index, it is the PSU banking stocks that are not participating much. What is your sense of what is exciting for these private banks, and why are PSU banks still lagging? Do you believe that PSU banks will catch up next week?

Nifty consolidated sideways in four out of five sessions in the week that went by; it was the last trading session of the week that saw a strong trending move that took the index to a fresh lifetime closing high. The trading range remained wider on the expected lines; the index oscillated in the 563.70 points range through the week. Volatility inched higher; the India VIX rose 1.91% to 12.79 on a weekly note. Following a largely quiet but ultimately trending week, the

IPOs set to be launched next week. These issues include two in the mainboard segment and 8 in the SME segment. The mainboard issues include that of Manba Finance and KRN Heat Exchanger, which will cumulatively raise around Rs 482 crore.

value investing style has stood out, as ICICI Prudential's Rs 50,000 crore Value Discovery Fund has grown at a staggering pace of 21% CAGR. An investment of Rs 10 lakh made at the time of the scheme's inception in August 2004 would now be worth around Rs 4.67 crore. S Naren, CIO of ICICI Prudential AMC, who has been running the fund for the last 2 decades, says value investing has remained relatively uncrowded over the years.

U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20.

After notching their biggest daily percentage gains since mid-August, major averages were subdued for most of the session, but managed to secure weekly gains of at least 1%.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%, at $74.49 a barrel. U.S. WTI crude futures settled down 3 cents, or 0.4%, to $71.92.