Several Indian companies, including 📌ADS Diagnostics Ltd, 📌Accelya Solutions India Ltd, and 📌KPI Green Energy Ltd, will trade ex-dividend from September 30, while others like 📌Classic Electricals Ltd and 📌Shikhar Leasing & Trading Ltd have declared bonus issues, and 📌Integrated Industries Ltd and 📌Godawari Power & Ispat Ltd will undergo stock splits.
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State-owned REC Ltd on Saturday said it has raised $500 million through green dollar bonds to support various renewable energy projects. The five-year note has a coupon rate of 4.75% per annum to be paid semi-annually and the maturity date of September 27, 2029. This is the first US dollar bond issuance from an Indian public sector enterprise in 2024, REC said in a statement.
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European luxury stocks, including Hermes, Richemont, and LVMH, surged over 15% this week as Chinese officials announced stimulus measures to boost the country's economy, revitalizing hopes for increased spending on luxury goods. European luxury brands had struggled due to weak Chinese demand, but investors now expect the stimulus to revive luxury spending in China.
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