True North exited Fedbank Fin through a large block deal worth Rs 385.4 crore. The fund sold about 2.57 crore shares, representing 6.86% of its total equity. Nomura India Equity Fund bought the stake. After the transaction, Fedbank shares closed 1.9% lower at Rs 149.51 on Tuesday.
Ambuja Cements shares dropped more than 2 percent even after a strong Q4, with net profit up 78 percent year-on-year to Rs 1,830 crore and revenue rising 10 percent to Rs 10,892 crore. Sequential profit also climbed sharply, but the stock fell, pointing to a muted market reaction and likely concerns analysts highlighted.
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Nomura says India’s EV transition will hinge less on announcements and more on how fast it can build a China-style charging ecosystem. The report points to infrastructure readiness as the key trigger for mass adoption, arguing that scale, supportive policy, and rapid charging buildout are the fastest path to moving customers from trials to daily use.
Nomura expects India’s growth to slow in the first half of FY27 as supply disruptions weigh on activity, even as demand remains resilient. The economy is forecast to recover in the latter half, leading to 6.8% full-year growth. Supportive policies and easing trade tensions are tailwinds, but the Iran conflict is flagged as a key risk.
Nomura, Japan’s largest investment bank, logged a record annual profit for the second year running, driven by strength in wholesale markets and domestic wealth management. Even as the Iran-US conflict raises geopolitical concerns, the firm says it expects no structural disruption to Japan’s longer-term growth drivers, including overseas expansion and coping with a shrinking population.
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