S&P, Nasdaq open at record highs on US-EU deal optimism
ADVERTISEMENT The Dow Jones Industrial Average rose 45.1 points, or 0.10%, at the open to 44946.98. The S&P 500 rose 9.0 points, or 0.14%, to 6397.69, while the Nasdaq Composite rose 68.1 points, or 0.32%, to 21176.401.
(You can now subscribe to our ETMarkets WhatsApp channel)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
11 minutes ago
- Economic Times
Inox India shares in focus as Q1 PAT rises 19%, revenue up 17% YoY
Inox India also reported several operational and strategic milestones in Q1, including: Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Inox India are likely to attract investor attention on Tuesday, August 5, after the company reported a strong set of earnings for the first quarter of FY26, marked by double-digit year-on-year growth in both profit after tax (PAT) and to the company's Q1 FY26 earnings highlights, PAT rose 18.9% YoY to Rs 61 crore, while revenue grew 16.7% YoY to Rs 352 crore for the quarter ended June 2025. Operating performance remained strong, with EBITDA rising 19.4% YoY to Rs 89 continued to be a key growth driver, contributing Rs 198 crore, or 56% of total revenue, during the quarter.- Launching India's first ultra-high-purity (UHP) ammonia ISO tank container, reinforcing its position in the cryogenic engineering space.- Securing audit approvals from Heineken, the world's second-largest brewery, for its Savli-based stainless-steel keg manufacturing facility.- Winning a prestigious order from ITER (International Thermonuclear Experimental Reactor) for the refurbishment of the Cryostat Thermal Shield, a critical component of nuclear fusion infrastructure.'FY26 has begun on a strong note, with robust order inflows across all divisions. Our Industrial Gases business saw healthy growth, marked by breakthrough orders like India's first UHP Ammonia ISO containers and a pioneering CO₂ battery project. The LNG division continued its growth trajectory with the supply of a large number of LNG fuel tanks to OEMs in India. We are committed to becoming a key catalyst in the LNG mobility space and have therefore laid out plans for capacity expansion to meet rising demand for LNG fuel tanks,' said Deepak Acharya , Chief Executive Officer of Inox of Inox India closed 3% higher at Rs 1,173.80 on BSE.
Fibre2Fashion
13 minutes ago
- Fibre2Fashion
US' moves accelerating India's free trade deal with the EU?
Insights Textiles and ready-made garments set to gain preferential EU market access. Proposed deal spans * * sectors, with phased negotiations prioritising goods and services. sectors, with phased negotiations prioritising goods and services. FTA aims for strategic autonomy, tech collaboration, and greener growth. While reinforcing democratic ties, the deal offers the EU a hedge against China and volatile US trade policies. To read the full story, become a PRIME member today. All Corporate Members and TexPro Subscribers are eligible to access F2F PRIME CONTENT using the same login credentials. Latest News Insights Latest News Insights Exclusive Industry Articles & Features Exclusive Industry Articles & Features Detailed Article Analytics & Insights Digital Edition of Fibre2Fashion Magazine Digital Edition of Fibre2Fashion Magazine Get notified in your mailbox
Time of India
25 minutes ago
- Time of India
Vivriti's Vintage I delivered 15.5% IRR—Here's how it navigated crisis and liquidity tightening
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel In a market environment riddled with pandemic-induced volatility, corporate credit stress, and tightening liquidity , delivering consistent returns was no easy Vivriti Asset Management 's Vintage I fund not only preserved capital but delivered a stellar gross IRR of 15.5%.In this edition of ETMarkets AIF Talk, Dipen Ruparelia, Head of Products at Vivriti AM, reveals how the firm's laser-sharp focus on private credit, disciplined portfolio construction, and proactive risk management helped navigate one of the most challenging investment periods in recent history—while staying true to its investor commitments. Edited Excerpts -A) Vivriti Asset Management, throughout its journey and since inception in 2019, has stayed focused only on private credit as a strategy and has managed funds true to its has worked for us is a) identifying a deep structural opportunity in mid-market corporate lending (11-16% yield bracket) way back in 2019, b) setting up a private credit-focused AMC much earlier, and c) investing well in people and are proud to say that we have returned full capital and returns (beating investor communication) across three full scheme exits in Vintage 1. Our Vintage 2 funds are also in the run-down phase, where we have returned some capital, and full payback of principal is expected by Sep 26.A) Yes, we run diversified, sector-agnostic domestic fund mandates. Till date, we have invested in ~20 sectors, including airports, regional airlines, roads, renewable energy, co-working, smart meter manufacturing, and financials, among our deals are more bottom-up selection, a few of the promising sectors are renewables, infrastructure, logistics, and warehousing, where we are seeing the maximum amount of capex are cautious on sectors which has greater external linkage due to ongoing global trade tensions and sectors like gems and jewellery, media, textiles, etc., due to historical governance issues in the sector.A) Vintage Fund - I was launched in and around the pandemic times, in the aftermath of corporate crises of 2018, deployed mostly through 2020-21 battling uncertainties of modelling risks, and exited through 2023-24 amidst higher interest rates and tighter ability of the funds to generate attractive risk-adjusted returns is attributed to:• Our relentless eye on the macroeconomic environment leading us to pre-empt sector-level issues, guiding portfolio construction.• Primary asset origination and control on deal structuring to have greater control over the investee firms.• A strong focus on risk control, tracking portfolio performance, and acting on deviations, when needed.• Following a clear exit strategy, mostly through cashflows of the investee firms.A) The investee companies in Diversified Bond Fund Series II (Vintage III) are typically performing mid-market entities with proven business models, vintage of 7-10+ years, wherein they seek flexible debt from private credit funds like us as either the end-use isn't bankable or traditional lenders banks aren't able to create bespoke solutions which is required in a time-bound manner by the investee credit underwriting, control on deal terms, structuring, security, tighter covenants, un-compromised access to data, systems, and management, regular monitoring of portfolio companies, and pre-emptive decision making are the key pillars of our credit risk management.A) Semi-liquid funds are an innovative investment vehicle that combines the benefits of both open-ended and close-ended funds while giving access to private markets to funds are structured as perpetual funds, giving the flexibility to investors to subscribe and redeem at regular pre-defined compared to typical close-ended private credit funds, Semi-Liquid scores better on:• Ability to see a 'build portfolio' when investing:o Given perpetual vehicle and being continuously available for subscription, an investor sees a 'build portfolio' with a track record since inception.o Close-ended funds have a limited availability period and a shelf life. They are also known as 'Blind-pool' funds as most of the investors enter with limited portfolio creation.• Quick access to private markets & no opportunity loss:o Semi-liquid funds don't follow a drawdown structure, which ensure full investment for investors in private credit markets.o Typical close-ended funds draw down capital over a 12-24 month period from initial close, thereby creating opportunity loss for investors till full capital is drawn down.• Option to receive regular income or allow compounding of income at the instance of the investor, which is not possible in close-ended funds.• Liquidity option and redemption of invested capital, when required by the investor versus run-down of fund in the last 1.5-2 years in multiple tranches in close-ended funds.A) The investment strategy of semi-liquid funds is to invest in relatively shorter tenor amortising deals of mid-corporate liquidity aspect is managed through investing a small portion in cash and cash equivalent instruments, while a large part of liquidity is self-generating through principal amortisation across all the portfolio entities, tied to the frequency and redemption dates of the investors who have remained invested in the fund for the initial brief period till exit load implications, redemption of invested capital will come without any impact cost, subject to other redemption terms.A) Semi-liquid private credit funds are specially crafted for HNIs/UHNIs, investing typically from their individual, trust, or LLP A/cs. They are attractive for investors who area) looking at core debt allocation for an investment horizon of 1+ year OR investors who aren't comfortable locking in the capital for 4-6 years (which typical close-ended funds entail).b) looking for a post-tax, post-fees and expense return of 7% to 8% p.a from a diversified portfolio across multiple entities, run by a professional asset is also suitable for investors who prefer the flexibility of cashflows at their instance:i) Commit and deploy full capital in one single Receive predictable and stable regular income cashflows ORiii) Re-deploy the income and compound the income at a similar return profile without any hassle/ Take out the invested capital along with income in a single tranche, subject to the redemption frequency and terms of the fund.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
