In today’s briefing:
- #134 India Insight: Tata Sons Taps TCS Div, Delhivery’s ₹5k Cr Ecom Bet, Adani’s Assam Push
- Japan Morning Connection: TSMC Fails to Hold Early Gains While Semi-Cap Plays Also Sag
- AUCTUS ON FRIDAY – 18/04/2025
#134 India Insight: Tata Sons Taps TCS Div, Delhivery’s ₹5k Cr Ecom Bet, Adani’s Assam Push
- Tata Sons will reinvest Rs. 43,900 crore received from TCS dividends into new-age businesses, this strategic capital shift aims to fuel long-term growth across tech, digital, and clean energy sectors.
- Delhivery is acquiring Ecom Express for Rs. 5,000 crore to expand scale and reduce operating costs in order to strengthen its logistics footprint and improves profitability with low integration risk.
- Adani Group has proposed Rs. 50,000 crore investments in Assam after talks with CM Sarma. The plan promises major infrastructure upgrades and job creation across the Northeast.
Japan Morning Connection: TSMC Fails to Hold Early Gains While Semi-Cap Plays Also Sag
- Disco guidance possibly showing front loading ahead of a potentially far bleaker 2Q.
- US homebuilders strong after DR Horton reported strong GPM despite cutting guidance.
- Trump re-raising the possibility of fees for Chinese vessels at US ports may be positive for non-Chinese ship builders.
AUCTUS ON FRIDAY – 18/04/2025
- Panoro Energy (PEN NO) C ; Target price of NOK47 per share: High production in Gabon – BW Energy reported gross production in Gabon of 39.3 mbbl/d.
- This equates to 6.9 mbbl/d net to Panoro’s 17.5% WI.
- Galp Energia (GALP LI): 1Q25 update – 1Q25 production in Brazil was 104 mboe/d.
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