Day: July 30, 2026

Business News

US Stock Market: Trump backs Warsh as Fed’s hawkish tilt raises rate hike odds

FinSiddhi

President Trump supports Federal Reserve Chair Kevin Warsh despite policy disagreements. Warsh maintains a cautious stance on monetary easing, differing from Trump’s calls. The central bank kept interest rates unchanged at its latest policy meeting. Some Federal Open Market Committee members favored a rate increase due to inflation concerns. Financial markets now anticipate a potential…

Business News

Ardee Industries IPO to open on August 5: Check price band, key dates, GMP and other details

FinSiddhi

Ardee Industries’ Rs 425.87 crore IPO opens August 5, 2026, for investors. The company plans to use funds for working capital and debt repayment. Ardee Industries recycles lead and non-ferrous metals, serving various industries. Its manufacturing facility in Andhra Pradesh holds key certifications. Strong financial growth in FY 2025-26 indicates positive performance.

Business News

Manipal Health Enterprises IPO Day 2: GMP holds at 2%, Subscription reaches 15%. Should you Subscribe or Skip?

FinSiddhi

Manipal Health Enterprises’ large IPO is experiencing cautious investor interest on its second day. The grey market premium remains modest, indicating a subdued market sentiment. The company plans to use significant funds for debt repayment and strategic acquisitions. Brokerages largely view Manipal Health’s long-term prospects positively, despite premium valuations. The IPO’s share allotment is expected…

Business News

Indo-MIM shares list at 45% premium over IPO price

FinSiddhi

Indo-MIM shares debuted with a substantial premium on Thursday. The company’s initial public offering was priced at Rs 485 per share. Investor participation was exceptionally high, with QIBs showing strong interest. Funds raised will support debt repayment and general corporate needs. Indo-MIM is a leading manufacturer of precision engineering components.