Bajaj Finance has launched an institutional share sale to raise up to ₹117 billion, with the proceeds intended to repay loans, debentures, and other financial obligations.
8:21 PMEconomic Times13 stories from 3 sources
Large lender fundraise leads as Indian markets regain momentum
Day’s Recap
Supporting Articles
India’s stock-market value has risen to $5.4 trillion, moving it back into the world’s five largest equity markets and overtaking Taiwan.
9:30 PMBloomberg Markets
The rupee rose to 93.69 against the dollar, its strongest level since April, as foreign investors bought nearly $6 billion of Indian equities in November. The gains came despite a firmer dollar ahead of US inflation signals, with markets now awaiting India's October inflation data.
5:37 AMEconomic Times
Yes Bank's AT-1 bondholders have filed a contempt petition seeking enforcement of the Supreme Court's order that invalidated the bank's ₹84 billion bond write-off. Axis Trustee Services, acting for investors, says Yes Bank has not restored the bonds as directed.
11:55 AMEconomic Times8:21 PMEconomic Times
Bajaj Finance unveils share sale to raise up to $1.25 billion
Summary
Bajaj Finance has launched an institutional share sale to raise up to ₹117 billion, with the proceeds intended to repay loans, debentures, and other financial obligations.
The offering gives Bajaj Finance fresh capital while reducing near-term debt obligations, strengthening its balance
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The capital raise could improve Bajaj Finance’s funding flexibility as it expands its lending business.
3 stories · 2 sources
9:30 PMBloomberg Markets
India Reclaims Spot Among World’s Five Biggest Stock Markets as Rally Extends
Summary
India’s stock-market value has risen to $5.4 trillion, moving it back into the world’s five largest equity markets and overtaking Taiwan.
The shift reflects the continued strength of India’s equity rally and lifts the country’s standing
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India’s growing market scale strengthens its claim as a core allocation for global investors.
5:37 AMEconomic Times
Rupee touches strongest since April as foreign inflows offset firm dollar
Summary
The rupee rose to 93.69 against the dollar, its strongest level since April, as foreign investors bought nearly $6 billion of Indian equities in November. The gains came despite a firmer dollar ahead of US inflation signals, with markets now awaiting India's October inflation data.
Foreign equity inflows have shifted the rupee's near-term balance in India's favor, overcoming pressure from
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The rupee's rebound offers near-term relief on inflation and import costs, while underscoring India's dependence on global portfolio flows.
11:55 AMEconomic Times
Yes Bank bondholders press for compliance with Supreme Court's AT-1 order
Summary
Yes Bank's AT-1 bondholders have filed a contempt petition seeking enforcement of the Supreme Court's order that invalidated the bank's ₹84 billion bond write-off. Axis Trustee Services, acting for investors, says Yes Bank has not restored the bonds as directed.
The dispute has shifted from the validity of the write-off to enforcement of the court's
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The case tests whether court-ordered protection for bank bondholders can be implemented against a lender that has resisted restoration.
Other Developments
A curated list of other prominent stories from this day.
Tata Power reported a 33% year-on-year rise in second-quarter net profit to FY27, while revenue increased 26% to ₹19,886 crore. Brokerages retained Buy ratings but lowered their target prices, while EBITDA grew a slower 5% to ₹4,245 crore.
10:27 PMEconomic Times
Five Nifty500 stocks gained more than 5% and closed above their respective 200-day moving averages on November 11, according to a technical scan. The move suggests a possible improvement in their longer-term price trends.
10:03 PMEconomic TimesState-owned BEML plans to develop tunnel-boring machines for India’s infrastructure market, seeking to build a domestic alternative to foreign suppliers and reduce reliance on China.
8:00 PMBloomberg Markets
Indian equities opened higher on favorable global cues but gave up gains as bond yields rose and Federal Reserve commentary remained hawkish. Analysts nevertheless identified stock-specific opportunities, including Astra Microwave and Neogen, for Thursday's session.
10:14 AMEconomic TimesAdani Group executives have outlined roughly $120 billion in planned capital spending over five years, with about 70% directed to energy, 20% to transport and logistics, and the remainder to businesses including cement, copper and aluminium. The plans are management targets rather than committed projects, making their execution and funding assumptions critical.
5:14 AMThe Property TimesBlackstone’s investment in IIFL Finance is expected to help the Indian shadow lender sustain 25% to 30% annual lending growth over the next three to four years. Founder Nirmal Jain also expects the deal to reduce borrowing costs.
12:22 AMBloomberg MarketsIIFL Finance founder and managing director Nirmal Jain said the company can maintain 25% to 30% lending growth for three to four years. The lender operates across gold, home, business, property-backed and small-business loans.
12:02 AMBloomberg Markets10:27 PMEconomic Times
Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts
Summary
Tata Power reported a 33% year-on-year rise in second-quarter net profit to FY27, while revenue increased 26% to ₹19,886 crore. Brokerages retained Buy ratings but lowered their target prices, while EBITDA grew a slower 5% to ₹4,245 crore.
The earnings beat did not eliminate concerns about operating momentum, as EBITDA growth lagged revenue
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Investors are backing Tata Power's longer-term growth story while demanding stronger profitability before assigning higher valuations.
10:03 PMEconomic Times
Positive Breakout: These 5 stocks close above their 200 DMA
Summary
Five Nifty500 stocks gained more than 5% and closed above their respective 200-day moving averages on November 11, according to a technical scan. The move suggests a possible improvement in their longer-term price trends.
Crossing the 200-day moving average can attract momentum-driven buying and mark a shift in market
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The signal identifies potential momentum leaders, while also warning that technical breakouts can fail without fundamental follow-through.
8:00 PMBloomberg Markets
India’s BEML to Build Tunneling Machines to Cut China Reliance
Summary
State-owned BEML plans to develop tunnel-boring machines for India’s infrastructure market, seeking to build a domestic alternative to foreign suppliers and reduce reliance on China.
BEML’s plan extends India’s industrial self-reliance push into specialized construction equipment, where foreign suppliers currently
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A domestic tunneling-equipment industry could reduce import dependence while supporting India’s infrastructure expansion.
10:14 AMEconomic Times
Market Trading Guide: Astra Microwave among 3 stock recommendations for Thursday
Summary
Indian equities opened higher on favorable global cues but gave up gains as bond yields rose and Federal Reserve commentary remained hawkish. Analysts nevertheless identified stock-specific opportunities, including Astra Microwave and Neogen, for Thursday's session.
Rising yields and a hawkish Fed are limiting the market's ability to sustain broad gains,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The session points to a market where stock selection matters more than headline optimism as global rates remain a constraint.
5:14 AMThe Property Times
A $120 Billion Infrastructure Plan Needs a Project-by-Project Ledger-Editorial by Khazi Altaf Hussain
Summary
Adani Group executives have outlined roughly $120 billion in planned capital spending over five years, with about 70% directed to energy, 20% to transport and logistics, and the remainder to businesses including cement, copper and aluminium. The plans are management targets rather than committed projects, making their execution and funding assumptions critical.
The scale of the proposal makes transparency over individual projects, financing and returns essential. Concentrating
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A plan this large needs verifiable projects and financing milestones before it can be treated as an investment pipeline.
12:22 AMBloomberg Markets
Billionaire Jain Bets on Blackstone Deal Driving IIFL’s Growth
Summary
Blackstone’s investment in IIFL Finance is expected to help the Indian shadow lender sustain 25% to 30% annual lending growth over the next three to four years. Founder Nirmal Jain also expects the deal to reduce borrowing costs.
The investment could give IIFL cheaper funding and more capacity to expand its gold, home
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Blackstone’s backing could improve IIFL’s funding advantage while raising the execution risks attached to rapid lending growth.
12:02 AMBloomberg Markets
IIFL: Can Sustain 25-30% Lending Growth For 3-4 Years
Summary
IIFL Finance founder and managing director Nirmal Jain said the company can maintain 25% to 30% lending growth for three to four years. The lender operates across gold, home, business, property-backed and small-business loans.
IIFL is positioning sustained high growth across multiple loan categories as its next phase of
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The forecast sets a high growth benchmark for IIFL and puts asset quality, funding access and margins under closer scrutiny.
Make it yours
Build Your First Pass.
Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!