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Greenko Energy Holdings secured 4,800 crore from NaBFID. This funding will retire dollar bonds maturing soon. The loan is for 38 special purpose vehicles with 1 GW renewable capacity. Greenko plans to use the funds for bond redemption this week. The company has a net installed capacity of 11 GW across India. Fitch recently downgraded Greenko's rating citing project delays.
Markets anticipate a rebound early in the shortened week following news of potential tariff removal on India. Despite oversold conditions, a sustained bounce hinges on reduced foreign institutional selling. Analysts identify key support and resistance zones, with a durable sentiment improvement requiring the index to reclaim higher bands.
Retail investors have stayed committed to Indian markets through multiple crises, but their confidence must be continually reinforced as savings grow. Taxation, especially STT, CTT, and capital gains, adds friction and makes India less competitive globally. Predictable, rational tax policy and long-term support for mutual funds are crucial to sustain domestic capital formation. Higher capex, especially in defence and infrastructure, is essential for long-term growth.
Ultratech Cement has announced strong financial results for the third quarter of FY26. The company's profit after tax saw a significant 32% year-on-year increase, reaching Rs 1,792 crore. Net sales also climbed by 22.5% year-on-year to Rs 21,506 crore. These figures exclude the impact of the New Labour Code.