macquarie group

JP Morgan downgraded Tata Steel to neutral citing regulatory cost headwinds in the Netherlands and project delays. Investec maintained a buy on SAIL, impressed by strong Q4FY26 operational performance and positive volume growth outlook. Macquarie retained an underperform rating on Voda Idea, noting a subscriber decline and significant government dues.

Escalating Middle East conflict has choked the world's busiest oil passage, pushing crude prices past $100 per barrel with warnings of a surge to $167 or higher. A prolonged closure of the Strait of Hormuz threatens a severe energy and trade shock, potentially reducing global trade growth significantly and deepening economic uncertainty worldwide.

The Reserve Bank of India has finalised new rules requiring banks to provision for expected loan losses from April 2027, shifting to a forward-looking approach. While stricter than current practices, the norms are less stringent than initially proposed, with a wider scope including small finance banks. Banks will have until March 2030 to fully implement the changes for existing loans.

India's state-run oil companies are incurring significant losses, estimated at Rs 18 per litre on petrol and Rs 35 on diesel, due to unchanged retail prices amidst volatile global crude oil prices. Despite a government excise duty cut, these firms continue to face mounting financial strain, with potential price hikes anticipated post-state elections.

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

The Gautam Adani-led Adani Enterprises, the business incubation arm of the Ahmedabad-based Adani Group, has agreed to acquire Macquarie Asia Infrastructure Fund’s toll road portfolio for Rs 3,110 crore.

In an attempt to boost India's infrastructure, the State Bank of India and Australian financial powerhouse macquarie group have floated a $1 billion venture fund dedicated to this sector.

Australian banking major macquarie group and former Australian cricket captain Steve Waugh have formed a JV company to develop real estate projects in India.

Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India, the group said in a statement.

New Delhi, Aug 29 () Global financial conglomerate macquarie group's infrastructure funding arm today made an upfront payment of Rs 9,681.50 crore to the government to operate nine stretches of NHAI under a new toll collection policy.

Indian banks are largely insulated from the global financial crisis as they rely on a large number of domestic deposits. This cushions the banks from any potential contagion from Silicon Valley Bank, a troubled US bank. Indian banks are expected to continue to outperform regional peers in the near future as their earnings growth remains strong.

The State Bank of India (SBI) and Australia-based Macquarie Capital Group Ltd (Macquarie) would raise a $2 billion fund to invest in India's infrastructural sector.

Macquarie SBI Infrastructure Investments Pte Ltd and SBI Macquarie Infrastructure Trust have signed a definitive agreement with GMR Highways Ltd to buy 74% stake in GMR Jadcherla Expressways Ltd (GJEL) for Rs 206 crore, subject to customary closing conditions.

Shares of One 97 Communications, the parent of India’s leading digital payments brand Paytm, plunged to a record low on Tuesday after macquarie group analysts flagged risks from billionaire Mukesh Ambani’s foray into the financial services business.

Till about a week ago, Religare and Macquarie were going solo in buying the AIG arm which manages about $100 billion worth of client funds across the globe.