Category: Business News & Economy

Ocean cruise operator Waterways Leisure Tourism is set to raise ₹585 crore for expansion and lease payments. Despite operating a single vessel, the company plans to add two more, aiming to boost capacity. However, recent financial reports show declining revenue and profits, with a significant increase in passenger attrition and dependence on Mumbai as a…

Four Indian companies, AGS Health, PGP Glass, Shreni Shares, and SRIT India, have received the green light from Sebi for their upcoming IPOs. These firms confidentially submitted their draft documents, with Sebi providing its observations between June 16-19. Shreni Shares plans a mix of fresh issuance and an offer for sale, while SRIT India will…

Reliance Industries shares surged as investors anticipate significant value from the upcoming Jio Platforms IPO, alongside advancements in AI and new energy ventures. Brokerages foresee substantial stock upside, with the Jio IPO expected to offer clearer insights into its growth and profitability. The company’s ambitious plans, including an AI plant and scaling new energy, are…

Jio Platforms has filed its DRHP with Sebi for a massive IPO comprising a fresh issue of up to 27 crore shares. The offering aims to reduce debt, fund growth and unlock value for shareholders, while marking a milestone for India’s largest telecom and digital services platform.

Ace investor Madhusudan Kela’s funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3% of the company’s pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for…

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Jaipur-based Advit Jewels’ IPO is seeing massive investor interest, subscribed over 20 times on day two with a strong grey market premium. The Rs 165 crore issue, entirely a fresh offering, aims to bolster working capital and repay debt. Analysts recommend subscribing, citing robust growth and profitability, though gold price volatility remains a concern.

Indian stock markets experienced a significant surge on Thursday, with both the Sensex and Nifty climbing over 1%. This bullish trend was fueled by declining crude oil prices and positive global market signals. The Sensex saw a jump of nearly 800 points, while the Nifty 50 rose by over 200 points, injecting substantial value into…

Seven largecap NSE stocks featured in the RSI Trending Up scan on June 24 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

Shares of gold financiers declined as a sharp fall in gold prices and a stronger US dollar weighed on sentiment. Expectations of further US Federal Reserve rate hikes pressured bullion, raising concerns over collateral values and loan demand for gold-backed lenders such as Manappuram Finance, Muthoot Finance and IIFL Finance.