India has the minerals. How will it manage the wealth?

Shiprocket IPO opens for subscription from 12 to 14 August at ₹92–97 per share. The grey market premium indicates a strong listing, with shares estimated at ₹127. 75% of the issue is reserved for QIBs, while the final allotment is on 17 August.

HCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in revenue to Rs 34,579 crore. The IT major retained its FY27 constant currency guidance, forecasting 1-4% revenue growth, 1.5-4.5% services revenue growth, and an EBIT margin of 17.5-18.5%, disappointing…

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix’s upcoming US listing and Samsung Electronics’ expected profit surge highlight continued AI demand, even as regional currencies face pressure against the…