HDFC’s ₹15K Cr IPO Payday
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🗞️ HDFC Set for ₹14,995 Cr Windfall
HDFC Bank is poised to earn a 1,495% return on its investment in HDB Financial Services through the upcoming ₹12,500 crore IPO. The bank will offload a 5.9% stake, translating to a major capital boost.
💬 Expert Take:
“This is not just a liquidity event—it’s a strategic unlock,” says Anita Mehra, BFSI Analyst at Axis Securities.
🗞️ India’s Forex Reserves Rise by $2.29 Billion
India’s foreign exchange reserves climbed to $698.95 billion as of June 13, nearing the $700 billion mark—indicating strong macro stability and capital inflows.
🗞️ Direct Tax Collections Up 4.9%
India’s direct tax mop-up rose by 4.9% YoY in FY26 so far, with advance tax payments up 3.9%, reflecting robust corporate performance and compliance.
🗞️ Suzlon Bags 170 MW Wind Order
Suzlon Energy secured its third major wind power order this quarter from AmpIn Energy. The stock rallied on expectations of stronger FY26 revenue visibility.
🗞️ Bharti Enterprises to Invest ₹313 Cr in Eutelsat
Bharti Enterprises is investing ₹313 crore in satellite communications company Eutelsat under a fresh capital raise. The move reflects long-term bullishness on satellite-based broadband in India.
🗞️ Indian Exporters Boost FTA Use
More Indian exporters are leveraging Free Trade Agreements with Australia and the UAE, improving trade efficiency and cost competitiveness.
🗞️ Accenture Shares Tank; Infosys ADRs Dip
Despite beating revenue estimates, Accenture’s stock plunged 11%, dragging down Indian IT stocks and Infosys ADRs, which fell 3% on weak guidance.
🗞️ Fino Payments Bank Fined by RBI
Fino Payments Bank has been penalised by RBI for non-compliance with certain operational norms, raising concerns on governance in small banking institutions.
📊 Market Updates
📈 Sensex: 82,408.17 ▲ +1,046.30 (+1.29%)
📈 Nifty 50: 25,112.40 ▲ +319.15 (+1.29%)
💵 USD/INR: ₹86.59 ▲ +0.13 (rupee rose as crude prices eased)
🛢️ Brent Crude: $77.01 ▼ −2.3% (pulled back after recent highs)
🪙 Bitcoin: ~$105,350 ▲ holding above $105K
🪙 Gold (24K): ₹10,089/10g ▶ flat