ARM HOLDINGS INC
Stock Picks of the Week: 5 stocks with consistent score improvement and upside potential of up to 35% in 1 year, according to analysts
The market weathered a whole bad patch with almost no FPI money coming in. But it cuts the other way too. When so little has been flowing in, even a small amount of FPI buying can move the market more than it normally would. That said, the mood has turned from bearish to cautiously optimistic, thanks largely to dropping oil prices. None of that changes your basic job as an investor: Study companies, look at earnings, and keep quality front and centre.
Global Market Today: Asian stocks join US selloff as AI slump deepens
South Korea’s tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japan’s benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.
Lighthouse Learning in talks to acquire Hyderabad's Kennedy School
Lighthouse Learning Group, previously EuroKids International, is negotiating to acquire Kennedy High and Meru International School. These acquisitions, valued at Rs 400 crore each, are expected to finalize in the coming weeks. The company aims to expand its network of K-12 schools to 100 over the next few years. Lighthouse Learning has undertaken several acquisitions since 2021 to grow its education portfolio.
5 stocks with consistent score improvement and upside potential of up to 34% in 1 year, according to analysts
The recent uptick in the indices should not fool you. The market’s troubles have not gone away. So, be cautious, but don’t treat the whole market as one block. Some parts are worse off, some are holding up better, and some are simply carrying on as before. A falling market tends to paint them all with the same brush.
Ambani magic captivates India once more with blockbuster deal
Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
Jio’s mega IPO draws strong interest from global funds
Investors that have shown interest in the anchor book include the Government of Singapore Investment Corporation (GIC), Fidelity, Norway's Government Pension Fund Global, New World Fund Inc and Smallcap World Fund Inc, besides those cited above, the people said.
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Cabinet approves Rs 52,878 crore IDBI Bank sale to Fairfax arm in India’s largest financial-sector FDI
The Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to a Fairfax Group arm, Union Minister Ashwini Vaishnaw said. The government and Life Insurance Corporation of India will retain a combined 34% stake in the restructured entity. Vaishnaw called it India’s largest financial-sector FDI.
Exclusive | Akash, Isha Ambani take Rs 30,000 crore Jio IPO pitch global; marquee investors seek bigger stakes
Jio Platforms’ proposed Rs 30,000 crore IPO is set to be one of India’s biggest public issues, with Akash and Isha Ambani leading global investor outreach. Existing investors, including Meta and Google, are not looking to exit, with some reportedly seeking to raise their stakes as Jio targets a valuation of up to Rs 10.3 lakh crore.
Stocks in news: TCS, Adani Enterprises, Ola Electric, HCL Tech, Tata Power and Varun Beverages
Indian equities fell as the Reserve Bank of India increased the repo rate by 25 basis points. The Nifty 50 closed down 0.76%, facing resistance at the 22,800 level. Key corporate developments regarding Adani Enterprises, Tata Consultancy Services, Ola Electric, and HCL Tech will be in focus. Other companies like Jubilant FoodWorks and Bank of Baroda also reported significant updates.
Reliance Industries shares gain 3% as JIO IPO inches closer; Jefferies increases weight in conglomerate
Reliance Industries is preparing for the IPO of Jio Platforms scheduled to launch on October 21. The valuation of Jio Platforms is reported at Rs 11 lakh crore, making it highly anticipated. The public issue is expected to attract significant attention as it opens for subscription. Jefferies has raised its weight on Reliance Industries due to attractive valuations amid improving conditions.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Hindalco calls off AluChem acquisition amid prolonged closing delays
Hindalco Industries Ltd has decided to terminate its USD 125 million acquisition of AluChem Companies Inc. The cancellation follows extended delays in closing the transaction, affecting both parties involved. Hindalco maintains its strategy for expanding the speciality alumina business remains unchanged despite this setback. AluChem will continue operating independently, serving its customer base as it has for nearly five decades.
Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions
Realty firm Prestige Estates has withdrawn its IPO plan for its hotel business amid uncertain market conditions. The company initially aimed to raise Rs 2,700 crore through this public issue. A subsidiary, Prestige Hospitality Ventures Ltd, had filed a Draft Red Herring Prospectus with Sebi last year. The firm may consider reapplying for an IPO in the future based on market dynamics and necessary approvals.
SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
Chipmaker SK Hynix's Solidigm is exploring a monumental initial public offering potentially worth $150 billion, aiming to secure approximately $15 billion. Currently in the early phases of planning, Solidigm specializes in NAND flash memory and solid-state drives, vital for AI technologies. This IPO has the potential to become one of the largest in semiconductor history in the U.S., alongside considerations for a new manufacturing facility in upstate New York.
SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion: Report
Solidigm held pitch meetings this week with investment banks competing for roles on the IPO, in a process known as a "bake-off," one of the people and a fourth person said, marking a concrete step toward what could become the largest-ever US semiconductor listing.
Tata dispute sends India Inc scrambling to shore up shareholder rights
A boardroom dispute at Tata Sons is prompting founders, strategic investors and private equity firms across India to review shareholder agreements and governance clauses, lawyers and directors said. The concern is whether a company board can override a majority shareholder on key decisions.
Europe’s dangerous dependence puts it on Xi and Trump’s menu
Mark Carney's warning emphasizes the need for middle powers like the European Union to assert themselves. Europe faces significant challenges in technology dependence and military capabilities compared to the US and China. Supply-chain resilience and trade imbalances require urgent action for the EU to enhance its bargaining power. Collaboration with Canada and Ukraine presents opportunities for a stronger geopolitical stance.
Factory floor or family office? India’s young rich alarm elders
India’s wealthy business families are increasingly shifting from traditional family businesses to family offices, private equity and startup investments. The trend reflects changing succession strategies as younger heirs cash out or diversify inherited wealth. From Sanghi Industries to Dabur and Homemade Baker’s, India’s next-generation business heirs are reshaping how family fortunes are managed and invested.
D-Street poised for positive start as GIFT Nifty signals gains
On Monday, Indian equity markets experienced a positive turn, with the Nifty 50 index rising due to a dip in crude oil prices and widespread purchasing among investors. While foreign portfolio investors sold off shares, domestic institutional players significantly increased their stakes. The Indian Rupee showed strength, aided by the lower crude oil rates.
SoftBank adds $21 billion to AI firepower in new debt deals
The Japanese conglomerate increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, people familiar with the matter said on Friday. And it recently secured an additional $450 million to an existing credit line, bringing the total to $6.5 billion, according to people familiar with that deal.
ET Prime Special Series: Multibagger or IBC - Part 75: Delisting, merger, demerger: Long restructuring story of one auto ancillary
Last week's auto-ancillary story dealt with another major participant in the same broad industry. This week's business is dramatically narrower. It operates from one manufacturing location, derives almost all product sales from one safety-critical category and is 75% promoter-owned. Yet it has survived multiple attempts to change its listed status and corporate structure. Its latest disclosures raise another important question: Where exactly does the listed business end and the wider MNC group's business begin?
Lupin arm to commercialise YUVEZZI eye drop across key European markets
Lupin's VISUfarma BV has secured exclusive rights for YUVEZZI in key European markets. This ophthalmic product treats loss of clear close-up vision in adults. VISUfarma will undertake regulatory activities and commercialization of the eye drop. The agreement includes a strategic investment and potential milestone payments. YUVEZZI represents a significant advancement in eye care for presbyopia.
Arm signs up Apple, Alphabet & other big tech firms for IPO at $50-55 billion valuation
While it is possible that demand for Arm's shares will lead to a higher valuation by the time the IPO prices, the move represents a climb-down from the $64 billion valuation at which SoftBank acquired the 25% stake in the company it did not already own from its $100 billion Vision Fund last month.
SoftBank’s arm files for IPO that is set to be 2023’s biggest
In a long-awaited regulatory filing Monday, Arm said the offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. The document listed 24 other underwriters below that top tier — with Morgan Stanley notably absent.
Masayoshi Son, tech visionary or robber baron?
Investors are starting to get the feeling that whatever Son brings to public is troubled.
Wirecard deal shows Masayoshi Son's no simple opportunist
Assuming Wirecard gets past its legal issues, it looks like Masayoshi Son has once again combined good planning with fortuitous timing to create his most-favored asset: opportunity.
Apple plans to use its own chips in Macs from 2020, replacing Intel
The shift would be a blow to Intel, whose partnership helped revive Apple’s Mac success and linked the chipmaker to one of the leading brands in electronics.
SoftBank said to near first closing of $100 billion tech fund
The initial investments will likely include $45 billion from Saudi Arabia and $25 billion from SoftBank, as well as $1 billion each from Apple Inc, Qualcomm Inc and Oracle Corp Chairman Larry Ellison, the people said, asking not to be identified because the matter is private.
As competitors pop up, iPad keeps price advantage
Apple is telling investors to expect overall margins to keep declining, meaning competitors can't expect much of a reprieve.
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