Category: Business News & Economy

Gold prices remained stable as U.S. inflation data showed easing pressures. However, Middle East conflict escalation drove oil prices higher, reviving energy cost concerns. U.S. producer prices unexpectedly fell in June, indicating subsiding inflation before recent events. Federal Reserve officials expressed determination to bring inflation down soon. China’s economy expanded at its slowest pace in…

The Rs 42.34 crore SME IPO received an overwhelming response during its subscription window from July 9 to July 11, closing 220.35 times subscribed, reflecting robust demand across investor categories.

The Rs 25 crore SME public issue witnessed overwhelming demand during its subscription period from July 9 to July 13, with the IPO closing 77.81 times subscribed, reflecting strong interest from investors across categories.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

The IPO comprised a fresh issue of 2.53 crore equity shares worth Rs 542 crore and an offer for sale (OFS) of 0.93 crore shares aggregating to Rs 200 crore. The price band for the issue was fixed at Rs 203-214 per share.

Asian stocks declined as semiconductor shares faced renewed selling pressure. Crude oil prices climbed higher due to fresh strikes in the Middle East. Government bonds in Australia and New Zealand opened higher after US inflation data. Traders reduced expectations for Federal Reserve interest rate increases this year. Investors assess if strong earnings can sustain the…

SBI Funds Management’s IPO saw strong subscription interest on its second day. The Qualified Institutional Buyer portion was subscribed 1.5 times, while retail investors showed good engagement. Non-Institutional Investors showed significant interest, subscribing 6.58 times to their allocated portion. Shareholders of its parent company, State Bank of India, subscribed 3.98 times. This significant IPO, the…

Indian markets experienced volatility, ending nearly unchanged amid mixed global cues. Several companies like Wipro and Jio Financial announced their first quarter results today. Angel One reported a strong quarter with significant year-on-year profit growth. HDB Financial and HDFC AMC also posted increased profits for the June quarter. SBI appointed a new chief financial officer,…

Grasim Industries is strategically acquiring Sprng Energy to accelerate its renewable energy business growth. This acquisition is expected to significantly increase the renewable energy segment’s revenue share by FY28. The company acquired Sprng Energy’s solar portfolio at a discount to current market rates. However, the deal will increase financing costs and may impact near-term profitability….

HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive financial results. HDFC Life reported a twelve percent rise in net profit, while ICICI Prudential Life’s profit increased twenty-eight percent. Both companies experienced strong contributions from their protection product offerings….