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The IPO, a 100% offer-for-sale, raised ₹2,663 cr from 129 anchors at the ₹574 price band, while the company’s QAAUM tops ₹29.46 lakh cr, giving it a 15.3% market share in India’s mutual fund space.
Gold and Silver Prices Slip on MCX Amid US Iran Tensions and Soft Inflation Precious metals witnessed a decline in domestic futures markets on Wednesday morning as escalating geop…
IBM’s 25.21% plunge wiped out about $70 billion in market value and dragged the Nifty IT index down 2%, prompting a sell-off across India’s top exporters as they brace for a shift toward AI-focused hardware spending.
The CETA agreement, active from July 15, gives Indian exports duty-free access to 90.2% of the UK market, while UK imports enjoy lower tariffs. Experts say a signed Bilateral Investment Treaty would add the legal certainty needed to turn this trade boost into massive, long-term foreign direct invest
The QIP, cleared on July 14, lets Belrise issue equity directly to institutions at a floor price of ₹230.79, with a possible 5% discount. The raise could be upsized beyond ₹1,200 crore if demand warrants, after a shareholder vote approved a ₹2,000 crore ceiling.
Alpine Texworld IPO Day 2: Subscription Status, GMP, and Expert View The Alpine Texworld Initial Public Offering (IPO) is currently in its second day of bidding, showing a cautiou…
Omega Seiki Mobility, the Faridabad-based EV maker that posted FY26 revenue of about ₹330 crore and EBITDA profit, plans to use the ₹125 crore pre-IPO capital to boost its three-wheeler volumes, add electric trucks and expand dealer networks domestically and abroad.
The Offer For Sale will raise no fresh capital for IGX; all proceeds go to IEX as it trims its holding to meet SEBI’s 25% promoter cap, while the exchange eyes a liquid market for its delivery-based gas contracts.
The partnership lets retailers place a single order that the platform automatically routes to the most cost-effective factory across Indonesia, India, Bangladesh, Central America and Italy, cutting vendor juggling and hedging geopolitical risk.
Gold’s dip follows a softer CPI that eased rate-hike fears, but climbing real yields on 10-year Treasuries are pulling investors toward interest-bearing assets, while silver’s price floor is underpinned by a projected sixth straight year of supply deficits.
The 6.94% 2036 Indian government bond slipped to 6.7703% after US CPI missed forecasts, while the Fed’s July hike odds sank from 42% to 17% on the CME FedWatch tool, sparking a broader rally in emerging-market debt.
The debut saw the BSE open at ₹574 – a 37% premium to the issue price – and climb to an upper-circuit ₹631.35, while the NSE hit ₹625.90. Analysts note the 100% offer-for-sale meant no fresh capital, sparking caution despite the frenzy.
Despite an 18.2% rise in net profit to ₹170.6 crore and 14.5% revenue growth, Tata Elxsi’s margins slipped as European automotive spend fell and AI investments ate into earnings, prompting broker houses to downgrade and cut price targets.
The IPO, priced between ₹402-₹424 per share, will issue 94 lakh fresh shares and 12 lakh promoter-sale shares, with proceeds earmarked for scaling its mining-service and logistics platform across three Indian states.
The IPO will funnel ₹542 cr of fresh equity and a ₹200 cr offer-for-sale, with ₹499 cr earmarked to retire debt, cutting the company's liabilities by over half and improving its leverage ratio for future growth.
Kacholia’s stake in SG Finserve fell from 2.37% to under the 1% disclosure threshold, while his holdings in Fineotex, Yasho and Tanfac were trimmed after those stocks posted 58-114% gains this year, hinting at profit-booking and a possible NBFC exit.
At 95, Warren Buffett announced a mid-year transfer of 12 million Class B Berkshire shares—worth about $6 billion—to the Susie, Howard and Peter Buffett foundations, ending the annual flow to the Bill & Melinda Gates Foundation amid growing tension over Gates’ past Epstein contacts.
ECB on High Alert: Monitoring Middle East Conflict for Inflation Risks The European Central Bank (ECB) is closely tracking the escalating tensions in the Middle East to determine…
The IPO is priced at 8.66 yuan per share, with public subscriptions opening Thursday. CXMT plans to sell at least 57.9 billion yuan ($8.6B) and could lift to 66.6 billion yuan ($9.8B) if the overallotment is fully taken up.
ASML raised its 2026 revenue target, sparking a 1.4% jump in the STOXX 600 tech segment, but oil futures edging toward $85 a barrel after the Strait of Hormuz closure dragged the broader index down 0.1%, with software stocks like SAP and Capgemini leading the sell-off.
The Dutch lithography giant lifted its 2026 revenue target to €43-45 billion, up from €36-40 billion, citing exploding AI-driven chip demand and a plan to expand EUV output by 30% annually for the next two years.
Revenue climbed 13.6% to ₹1,100 crore while operating profit hit ₹827.6 crore, but total expenses jumped 27% to ₹271 crore, and retail investors accounted for 69% of AUM, pushing the firm’s active equity share to 12.8%.
The partnership will initially run a pilot liquidity pool managed by Augmont, with gold deposited in certified vaults converted into dematerialised receipts that can be bought, sold or used as loan collateral in real-time via NSE’s platform.
The drop came after IBM warned of $17.2 billion revenue for Q2—well below the $17.86 billion Wall Street expected—and a 7% fall in its core infrastructure segment, while AI-hardware demand surged.
