In today’s briefing:
- Tata Capital Pre-IPO – The Negatives – Recent Merger Wasn’t All that Great
- A Trader’s Guide To “G” Day | Positioning For “Next-Generation GST Reforms”
- Jindal Steel – Transition Analysis
Tata Capital Pre-IPO – The Negatives – Recent Merger Wasn’t All that Great
- Tata Capital Limited (TATACAP IN) is looking to raise up to US$2bn in its upcoming India IPO.
- Tata Capital Limited (TCL) is the flagship financial services company of the Tata group and a subsidiary of Tata Sons Private Limited.
- In this note, we talk about the not-so-positive aspects of the deal.
A Trader’s Guide To “G” Day | Positioning For “Next-Generation GST Reforms”
- The 56th GST Council Meeting is currently underway in New Delhi, having commenced on September 3, 2025 at 11:00 AM and will continue until September 4, 2025.
- These are supposed to be “next-generation GST reforms” with a promise of implementing reforms as a “Diwali gift” for consumers.
- Negative FII Participation, Negative Price Action, Rich Multiples coupled with Negative Earnings Revisions argue for a bearish positioning going into the “G” Day – Day of GST Reform Announcements.
Jindal Steel – Transition Analysis
- This is the third report in our series analysing the state and outlook for Indian steel majors in their ambition to expand capacity while meeting decarbonisation goals.
- Following our reports on JSW Steel and Tata Steel, this edition focuses on Jindal Steel.
- Jindal Steel has set a net zero emissions target for 2047, 23 years ahead of India’s national goal.
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