Category: Business News

Nifty 50 nears all-time high with RSI at 70: Hourly levels

SK Hynix, Samsung shares slide as middling U.S. earnings hit chip stocks

Asia stocks slide as chip rout hits Korea, Japan

IonQ’s Capella unit wins NRO radar imagery contract

Hong Kong insurers slide as China tightens tax scrutiny on offshore policies

On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore shares on offer. Retail investors showed strong enthusiasm, with their portion oversubscribed 3.22 times against the 2.93 crore shares reserved for the segment.

Shiprocket is set to launch its Rs 1,617.59 crore IPO on August 12, 2026, with a price band of Rs 92 to Rs 97 per share. The issue closes on August 14. Net proceeds will be deployed toward technology enhancement, marketing, debt repayment, and strategic growth initiatives.

Gold’s ascent continued on Thursday, marking the fourth day of increases and reaching a seven-week high. This rally was driven by a softer dollar and dipping Treasury yields. Additionally, hopes for the reopening of the Strait of Hormuz added positive vibes. Market watchers are now keenly awaiting the U.S. nonfarm payrolls data for July.

Patrick Mahomes showed support for wife Brittany Mahomes while away at Kansas City Chiefs training camp after she celebrated the opening of KC Current Studios. The new media hub aims to spotlight women’s sports through original content and athlete storytelling. Brittany attended the launch with their three children, while Patrick reacted to the family’s social…

Simone Biles opens up about how her parents, Ronald and Nellie Biles, helped shape her journey from a young gymnast to one of the greatest athletes in history. The story explores how their support, family balance and focus on happiness helped her handle Olympic pressure, overcome the Tokyo 2021 setback, and return stronger at the…