News Overview

The Haryana Renewable Energy Department (HAREDA) issued the company's fourth work order under the KUSUM-3 scheme on March 13.

According to the NPCI, Paytm will function as a TPAP in a multi-bank framework.

Increased inflation puts more pressure on the US Federal Reserve to maintain high interest rates, which hurts non-yielding assets like gold.

May Brent crude oil futures slid 41 cents, or 0.5%, to $85.01 a barrel on Thursday, following their first close above $85 a barrel since November.

As of right now, traders are pricing in 76 basis points of cuts this year, which is more in line with the Fed's own December prediction.

The power purchase agreement (PPA) with GUVNL is subject to approval from the Gujarat Electricity Regulatory Commission (GERC).

Desjardins members and clients will benefit from a seamless digital lending experience accessible across various devices, anytime and anywhere.

Mgmt expects Rs8-9bn of NOI increase just from this organic growth opportunity. Mgmt will consider ROFO offer for the Hyderabad asset (Commerzone Raidurg) soon. The sponsor also has a pipeline of ~15msf across Navi Mumbai, Pune and Hyderabad. Mgmt is also open to evaluate opportunities the outside sponsor pool, but remain wary of landowner expectations.

RATE’s M&A playbook has helped it build capabilities and scale revenues. Given its track record of turning around the acquired entities, analysts of IIFL Capital Services believe that the recently-completed QIP provides the optionality for another value-accretive acquisition — if done at reasonable valuations.

INFO remains analysts of IIFL Capital Services' only BUY rated largecap name. Their 12-month TP is pegged at 22x 2YF EPS, as they forecast 9%/13% USD cc revenue/EPS Cagr over FY24-26.