Stock market this week: Top gainers and losers—unexpected surges and surprising slumps
For small businesses and large enterprises alike, it signals a more robust and organized economy. The government attributes this uptick to better technology-driven tracking and stronger anti-evasion measures, helping curb tax leakages. April's figures, often the highest due to year-end transactions, set a strong tone for the fiscal year ahead. For everyday citizens, this can translate into better public services and infrastructure, as higher revenues give the government more fiscal room.
Ather Energy made its stock market debut with a modest yet positive start, listing at a 2% premium over its issue price of ₹ 321. Opening at around ₹ 327, the EV startup's listing signals a cautiously optimistic response from investors. The Bengaluru-based company, known for its smart electric scooters, has steadily built a strong brand, and its public listing marks a new chapter in its journey. For early backers and employees, the listing is both a milestone and a moment of validation. For retail investors, it's a sign that sustainable mobility is gaining traction in the mainstream market.
Two prominent asset management companies—Baroda BNP Paribas AMC and Canara Robeco AMC—have launched new fund offerings (NFOs) aimed at tapping into evolving investor preferences. Baroda BNP Paribas has introduced the Income Plus Arbitrage Active Fund of Funds (FoF), designed to provide relatively stable returns by leveraging arbitrage opportunities along with active debt allocation.
Meanwhile, Canara Robeco's new offering, the Multi Asset Allocation Fund, seeks to diversify investments across equities, debt, and gold, appealing to investors looking for a balanced and risk-mitigated approach. These launches come at a time when market participants are increasingly looking for smart, diversified investment strategies amid global uncertainty and domestic market volatility. The NFO for Baroda BNP Paribas's fund will close on 21st May 2025, while Canara Robeco's will conclude on 23rd May 2025. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted
Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Amid clean energy push, India a green flag for climate investors
India is rapidly emerging as a key destination for climate capital, driven by rising demand for clean electric alternatives and a growing push from heavy industries towards zero-emission technologies. The country has attracted more than $2 billion in climate-focused capital over the past year alone, according to Bloomberg New Energy Finance (BNEF) data. Over the past 8–12 months, major climate investors such as TPG Rise Climate, Breakthrough Energy Ventures, LeapFrog Investments, Lowercarbon Capital, and Fullerton Fund Management have moved beyond cautious pilot projects to make strategic bets in India's energy and clean tech sectors. This influx of climate funding is fuelled not only by environmental urgency, but also by a confluence of favourable factors: cost parity with traditional energy sources, inflection in consumer demand, and supportive policy frameworks. India's clean energy demand is increasingly being powered by essential services — including logistics, cooling, and distributed power — rather than discretionary consumption. This shift provides investors with confidence in both long-term scalability and durable margins, say industry experts. 'There's been a marked uptick in growth and infrastructure capital doubling down on platform plays across circularity, e-mobility, OEMs, battery lifecycle management and energy storage,' said Nakul Zaveri, partner and co-head of Climate Investment Strategy at LeapFrog Investments, which plans to commit over $500 million to climate solutions. A key part of this strategy includes a $60 million investment by the European Investment Bank (EIB), with additional backing from the International Finance Corporation (IFC) and Temasek. Globally, climate finance surpassed $2 trillion in 2024, with a significant portion of private capital flowing into electric mobility, battery storage, and green infrastructure. Singapore-based Fullerton Fund Management recently made its first investment under the Fullerton Carbon Action Fund, acquiring an equity stake in Routematic, an AI-driven corporate transport company in India. 'Climate finance in India is poised for a surge, increasingly driven by market economics,' reckons Akhil Jain, investment lead at Fullerton Carbon Action Fund. 'Clean energy and key segments of electric transport are now at or beyond cost parity with conventional options.' This shift is reshaping investment patterns. Funds are increasingly focused on companies with strong revenue models and proprietary technology. 'There's surging demand for low-emission, resource-efficient technologies, especially in sectors like transport and energy,' said Shailesh Vickram Singh, founder of Climate Angels, which has backed 22 startups in the EV, clean air, and climate tech space over the past two to three years. Rather than backing isolated innovations, investors are now prioritising integrated operators who can build full value chains and deliver resilient, scalable infrastructure solutions. 'What was once seen as high-risk is now attracting a premium, especially for operators executing climate strategies at scale,' said Zaveri. This evolution also reflects a broader recognition of the importance of embedding adaptation into climate solutions. 'Capital is now flowing towards companies that reduce emissions and also build resilience — across sectors like waste, cooling, and mobility,' noted Vasudha Madhavan, founder & CEO of Ostara Advisors, an investment bank focused on electric mobility. Industry leaders see this as an inflection point. Over the next 2–3 years, climate finance in India is expected to deepen its focus on scalable technologies with the potential to transform high-emission sectors. 'This is a pivotal moment,' Madhavan added. 'Climate finance is shifting from small, fragmented bets to strategic, high-value investments that can accelerate the clean transition at scale.'
Time of India
2 hours ago
- Time of India
Amid clean energy push, India a green flag for climate investors
India is rapidly emerging as a key destination for climate capital , driven by rising demand for clean electric alternatives and a growing push from heavy industries towards zero-emission technologies . The country has attracted more than $2 billion in climate-focused capital over the past year alone, according to Bloomberg New Energy Finance (BNEF) data. Over the past 8–12 months, major climate investors such as TPG Rise Climate, Breakthrough Energy Ventures, LeapFrog Investments, Lowercarbon Capital, and Fullerton Fund Management have moved beyond cautious pilot projects to make strategic bets in India's energy and clean tech sectors. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Healthcare Data Science Technology Public Policy Leadership Data Science Management Others PGDM MCA MBA Design Thinking Product Management healthcare Finance Operations Management Data Analytics others Cybersecurity Project Management Artificial Intelligence Degree CXO Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details This influx of climate funding is fuelled not only by environmental urgency, but also by a confluence of favourable factors: cost parity with traditional energy sources, inflection in consumer demand, and supportive policy frameworks. India's clean energy demand is increasingly being powered by essential services — including logistics, cooling, and distributed power — rather than discretionary consumption. Long-term scalability This shift provides investors with confidence in both long-term scalability and durable margins, say industry experts. 'There's been a marked uptick in growth and infrastructure capital doubling down on platform plays across circularity, e-mobility, OEMs, battery lifecycle management and energy storage,' said Nakul Zaveri, partner and co-head of Climate Investment Strategy at LeapFrog Investments, which plans to commit over $500 million to climate solutions . A key part of this strategy includes a $60 million investment by the European Investment Bank (EIB), with additional backing from the International Finance Corporation (IFC) and Temasek. Globally, climate finance surpassed $2 trillion in 2024, with a significant portion of private capital flowing into electric mobility , battery storage, and green infrastructure. Singapore-based Fullerton Fund Management recently made its first investment under the Fullerton Carbon Action Fund, acquiring an equity stake in Routematic, an AI-driven corporate transport company in India. 'Climate finance in India is poised for a surge, increasingly driven by market economics,' reckons Akhil Jain, investment lead at Fullerton Carbon Action Fund. 'Clean energy and key segments of electric transport are now at or beyond cost parity with conventional options.' This shift is reshaping investment patterns. Funds are increasingly focused on companies with strong revenue models and proprietary technology. 'There's surging demand for low-emission, resource-efficient technologies, especially in sectors like transport and energy,' said Shailesh Vickram Singh, founder of Climate Angels, which has backed 22 startups in the EV, clean air, and climate tech space over the past two to three years. Rather than backing isolated innovations, investors are now prioritising integrated operators who can build full value chains and deliver resilient, scalable infrastructure solutions. 'What was once seen as high-risk is now attracting a premium, especially for operators executing climate strategies at scale,' said Zaveri. This evolution also reflects a broader recognition of the importance of embedding adaptation into climate solutions. 'Capital is now flowing towards companies that reduce emissions and also build resilience — across sectors like waste, cooling, and mobility,' noted Vasudha Madhavan, founder & CEO of Ostara Advisors, an investment bank focused on electric mobility. Industry leaders see this as an inflection point. Over the next 2–3 years, climate finance in India is expected to deepen its focus on scalable technologies with the potential to transform high-emission sectors. 'This is a pivotal moment,' Madhavan added. 'Climate finance is shifting from small, fragmented bets to strategic, high-value investments that can accelerate the clean transition at scale.'
Economic Times
7 hours ago
- Economic Times
ED makes first arrest in loan fraud case linked to Anil Ambani
New Delhi: The Enforcement Directorate (ED) late Friday evening arrested the managing director of an Odisha-based company - its first arrest in an alleged bank loan fraud case involving the Anil Dhirubhai Ambani Group (ADAG). Partha Sarathi Biswal, MD of Biswal Tradelink Pvt Ltd (BTPL), is accused of arranging a fake bank guarantee of ₹68 crore for an ADAG firm. According to the ED, its investigation has revealed that BTPL fraudulently arranged and submitted the fake bank guarantee along with forged SBI endorsements and fabricated confirmations on behalf of Reliance Nu Bess Ltd for a tender floated by Solar Energy Corporation of India Ltd (SECI). For this, BTPL received ₹5.40 crore from Reliance Nu Bess' parent, Reliance Power Ltd, ED has ED carried out searches against Biswal Tradelink on Friday. Agency sources said the evidence gathered by ED confirmed the use of fake documents in the name of certain banks and fake email IDs in the name of SBI."Probe reveals BTPL, a small company incorporated in 2019, maintained multiple undisclosed bank accounts and carried out transactions disproportionate to its declared turnover. Many violations of the Companies Act are found," the probe agency said in a news release on Saturday. Statutory records such as books of accounts and shareholders' registers were not found at the registered address, it said, adding: " Dummy directors are found to be used just to sign the documents."At least seven undisclosed bank accounts of the company were found and "proceeds of crime, of crores of rupees, have been traced to these accounts", it claimed. Biswal was produced before a Delhi court, which sent him to ED's custody till August 6. ET was the first to report on Friday that the ED had summoned Anil Ambani for questioning in connection with its investigation into the ₹17,000 crore alleged loan fraud case. Ambani has been asked to appear before the agency on August 5. According to the Enforcement Directorat, Biswal Tradelink ran a racket that issued fake bank guarantees to business groups. As per the agency, the Delhi Police filed the first information report in the case based on a Reliance Nu Bess company, accusing Biswal Tradelink of cheating it by promising to arrange bank guarantees for a fee and then providing a fake bank guarantee. According to the ED, Reliance Nu Bess wrongly claimed that it was cheated. "Documentary evidence reveals that apparently the two parties acted in collusion. The directors of Biswal Tradelink were found to be previous directors of Reliance group," a senior official had told ET.A statement issued by the Reliance Group on Friday said: "The company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy. The company has made due disclosure on this to the stock exchanges on November 7, 2024," it further said "a criminal complaint in this regard has already been lodged with the Economic Offences Wing (EOW) of Delhi Police against the third party on October 16, 2024" and that the "due process of law will follow".
