Latest news with #Soundararadjane
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Business Standard
36 minutes ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty rises; Asia up on tariff relief hopes; HDB Fin, Indogulf IPOs eyed
Sensex Today | Stock Market LIVE on Friday, June 27, 2025: Around 6:35 AM, GIFT Nifty futures were trading 112 points higher at 25,727, indicating a gap-up start. 7:11 AM Stock Market LIVE Updates: French fries maker Hyfun Foods may expedite its IPO plans to fund growth Stock Market LIVE Updates: Hyfun Foods, one of India's largest French fries makers in the organised sector, and a leading supplier to global giants such as KFC, McDonald's and Burger King, may fast-track its initial public offering (IPO) plans to fund its expansion plans, said S. Soundararadjane, CEO of HyFarm — the agribusiness arm of Hyfun Foods. 'The IPO plans are still at a discussion stage, but we do plan to reach there in the next 2–3 years,' Soundararadjane told Business Standard. Sources said the company is also under discussions with multiple PE funds to drive its growth plans. READ MORE 7:04 AM Stock Market LIVE Updates: Mutual fund schemes renamed to align with the Sebi category norms Stock Market LIVE Updates: With the June-end deadline fast approaching, most fund houses have renamed their schemes to align them with the respective category. For instance, 'Bluechip Funds' of Axis, ICICI Prudential, and Canara Robeco have recently been renamed as Largecap Funds. The changes have come on the direction of the Securities and Exchange Board of India (Sebi). In a communication dated March 27, the regulator asked fund houses to align the names of their schemes with the category to bring uniformity in the nomenclature of equity-oriented schemes. READ MORE 7:04 AM Stock Market LIVE Updates: Jefferson Capital valued at $1.2 billion after strong Nasdaq debut Stock Market LIVE Updates: Private equity-backed Jefferson Capital has secured a valuation of $1.2 billion after its shares rose 26.7 per cent in their Nasdaq debut on Thursday, signaling a steady recovery in investor appetite for listings with strong fundamentals. The consumer debt collector's shares opened at $19 apiece, above its offer price of $15 per share. The Minneapolis, Minnesota-based company and some existing investors raised $150 million by selling 10 million shares in the IPO. The US IPO market has recovered in recent weeks after President Donald Trump's shifting trade policies rattled investors and froze new listings earlier this year. The rebound is likely to be selective, led by high-quality and long-anticipated issuers, IPOX research associate Lukas Muehlbauer said. Jefferson's total revenue jumped 34.1 per cent to $433.3 million in 2024 compared with the previous year, continuing a steady trajectory since 2019. READ MORE 7:02 AM Stock Market LIVE Updates: Fintech firm Pine Labs, in its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi), plans to raise ₹2,600 crore through a fresh issue and an offer for sale (OFS) of up to 147.82 million shares. Pine Labs may consider a pre-IPO placement of up to ₹520 crore. Investors such as Peak XV Partners, Actis, Macritchie, PayPal, Mastercard, AIM Investment Funds, and Madison India Opportunities IV, among others, are expected to partially exit through the OFS. 7:01 AM Stock Market LIVE Updates: Strong mkt leadership, robust demand should help IndiGo stock gain altitude Stock Market LIVE Updates: India's civil aviation sector has strong growth trends in the medium to long term, but geopolitics has had a short-term impact on international travel. Many flights were cancelled during the Iran-Israel conflict and there are fears of crude supply disruptions, causing price volatility to a key input. In addition, the crash at Ahmedabad has led to Boeing 787 fleets being grounded, causing further flight disruptions and it has also led to Air India being badly hit due to 787 exposures. READ MORE 7:00 AM Stock Market LIVE Updates: S&P 500, Nasdaq near record highs as interest rate-cut bets creep up Stock Market LIVE Updates: The S&P 500 and Nasdaq were on track to open near record levels on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data. The benchmark S&P 500 and tech-led Nasdaq were about 1 per cent below their all-time peaks at Wednesday's close, following a truce in the Middle East conflict. The Nasdaq 100 - a subset of the Nasdaq composite index - closed at a record high in the previous session. READ MORE 6:59 AM Stock Market LIVE Updates: Sebi extends portfolio rebalancing timelines to all passive breaches in MFs Stock Market LIVE Updates: Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs). Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. READ MORE
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Business Standard
8 hours ago
- Business
- Business Standard
French fries maker Hyfun Foods may expedite its IPO plans to fund growth
"The IPO plans are still at a discussion stage but we do plan to reach there in next 2-3 years," Soundararadjane told Business Standard in an interaction New Delhi Listen to This Article Hyfun Foods, one of India's largest French fries makers in the organised sector, and a leading supplier to global giants such as KFC, McDonald's and Burger King, may fast-track its initial public offering (IPO) plans to fund its expansion plans, said S. Soundararadjane, CEO of HyFarm — the agribusiness arm of Hyfun Foods. 'The IPO plans are still at a discussion stage, but we do plan to reach there in the next 2–3 years,' Soundararadjane told Business Standard. Sources said the company is also under discussions with multiple PE funds to drive its growth plans. Soundararadjane said the company had
