SoftBank-backed OfBusiness revives IPO plans, eyes up to $800 million issue

Shakti Pumps shares rose sharply on Monday trade after the company won a Rs 353.89 crore order from MSEDCL. The contract covers the supply, installation and commissioning of 15,000 off-grid solar photovoltaic water pumping systems under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana.

Japanese investors sold foreign bonds at the fastest pace in nearly three months during the week ended July 18 as surging oil prices revived inflation concerns and reinforced expectations of higher global interest rates for longer. They also turned net sellers of foreign equities, while overseas investors trimmed their exposure to Japanese bonds and stocks.

SpaceX joins the Nasdaq-100 index, attracting billions in passive investment flows. Wall Street brokerages initiated coverage with overwhelmingly positive ratings for the company. Analysts see long-term growth potential in space transportation and satellite connectivity. Starship, SpaceX’s reusable rocket, is a major pillar of this optimistic outlook. The company’s artificial intelligence ambitions also add significantly to…