The proposed amalgamation of ACC and Ambuja Cement, a decades-long relationship, brings focus to valuation upside and operational synergies for the Adani Group. Experts highlight the attractive acquisition cost per tonne for Ambuja shareholders, creating immediate value. While synergy benefits are largely realized, the merger signals continued inorganic growth for Adani, with further acquisitions anticipated.
Pakistan has stopped 'professional beggars' and those with incomplete travel documents from leaving the country. This action follows numerous deportations of Pakistani nationals from abroad. Authorities are tightening airport checks to prevent irregular travel and overseas begging. The move aims to curb embarrassment and improve international travel perceptions.
Global climate efforts face challenges beyond political headlines. Reduced pollution, while good for health, accelerates warming. Green hydrogen projects are stalling, failing to meet early expectations. Higher interest rates make renewable energy less competitive. These issues, alongside dry spells affecting hydropower and deforestation for biofuels, present significant hurdles.
Phytochem Remedies withdrew its Rs 38 crore SME IPO after the issue was undersubscribed at just 62% with only 797 applications. The grey market signalled a flat listing, reflecting weak sentiment toward SME offerings. The high retail investment threshold and volatile markets also weighed on subscription demand.
Meesho shares fell for a third session after a blistering 110% post-IPO rally, as a low free-float, short-covering pressures and profit-taking triggered a sharp reversal. Brokerages remain constructive on the long-term growth story, even as volatility rattles near-term sentiment.
Railway stocks extended their rebound on Tuesday, with Jupiter Wagons, IRCTC and RailTel gaining as investors reposition ahead of Union Budget 2026. The rally builds on stock-specific triggers and renewed capex hopes, even as the sector remains scarred by steep losses through much of 2025.
Gold and silver prices extended record-breaking gains on Tuesday, with MCX gold February futures hitting Rs 1,38,300/10 grams and silver March futures at Rs 2,16,596/kg. Safe-haven demand, global geopolitical tensions, and expectations of dovish US monetary policy continue to support the metals, pushing them toward new all-time highs.
