Category: Business News & Economy

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

India’s large IPOs have shown mixed investor returns, with many billion-dollar offerings underperforming. SBI Funds Management’s IPO will now test this trend with its strong financials. Analysis shows eight of thirteen large IPOs are trading above their issue prices. However, several major offerings like New India Assurance have seen significant losses. The success of SBI…

The SBI Funds Management IPO is experiencing robust demand on its second day of bidding. Non-institutional investors have subscribed over two times their allocated portion. The Grey Market Premium suggests a potential listing price of around Rs 662 per share. This public issue will remain open for subscription until July 16. The company has fixed…

China’s economy grew 4.3% year-on-year in the second quarter, missing market expectations and marking its slowest pace since late 2022. The weaker-than-expected growth, driven by soft domestic demand despite resilient exports and industrial production, could keep Asian equities and metal stocks volatile as investors assess the outlook for China’s economy and potential policy stimulus.

Landmark Cars shares rallied after the company reported record Q1FY27 sales, driven by strong vehicle deliveries and robust demand. Healthy growth in after-sales revenue and improved BYD supplies further supported the performance, while upcoming model launches across brands are expected to sustain sales momentum.

Ather Energy shares jumped on Wednesday after Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in the EV maker through a preferential allotment, reaffirming its long-term commitment to the company.

Wipro’s Q1 earnings are expected to show a revenue rise, driven by acquisitions and currency. Core IT services revenue may decline sequentially, impacting overall profitability. Analysts anticipate margin pressure from wage increases and deal ramp-ups. Investors will focus on September quarter guidance and deal conversion rates. Management commentary on demand and AI strategy will be…

Ace investor Ashish Kacholia has reduced holdings in two chemical stocks. Yasho Industries and Fineotex Chemicals saw stake reductions by the investor. This move occurred after substantial stock price rallies earlier this year. Supply chain issues and Chinese competition are impacting the chemical sector. Kacholia also reduced his stake in NBFC SG Finserve.

Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax’s offer of Rs 81 per share is higher than last year’s bid. This transaction marks the largest foreign…