Mumbai: Battered by the ongoing conflict in West Asia and its ripple effects on global markets, Indian equities endured their steepest weekly decline in nearly six years, with benchmark indices…
Category: Market
GSP Crop Science raises ₹120 crore from anchor investors ahead of IPO
Upcoming IPOs: GSP Crop Science Limited, a research-driven agrochemical company specializing in the development and manufacturing of insecticides, herbicides, fungicides, and plant growth regulators in India, has garnered ₹120 crore…
Om Power Transmission gets SEBI nod for raising funds through IPO launch. Details here
Upcoming IPO: Gujarat-based Om Power Transmission, a power transmission infrastructure engineering, procurement, and construction (EPC) company, has received approval from the Securities and Exchange Board of India ( for its…
IDBI Bank stake sale may be scrapped by government after low bids: Report
The government of India is likely to scrap the bidding process for the sale of a majority stake in IDBI Bank after the offers received were reportedly below the government’s…
Coal India’s subsidiary CMPDIL to launch IPO on March 20
State-run Coal India’s wholly owned subsidiary Central Mine Planning and Design Institute, which has filed the Red Herring Prospectus (RHP) with capital market regulator SEBI for its proposed initial public…
Sigma Advanced Systems divests stake in Extrovis for $15 million
Sigma Advanced Systems Limited, an integrated aerospace and defence company, has completed the divestment of its entire 36.52 per cent stake in Extrovis AG, a Switzerland-based pharmaceutical company, for $15…
Broker’s call: Muthoot Finance (Hold)
Target: ₹3,478 CMP: ₹3,332.95 Muthoot Finance Ltd., India’s largest NBFC in gold loans by loan portfolio, operates over 7,541 branches nationwide. Besides gold loans, it offers various loans, insurance, money…
Global investors unwilling to let go of Adani bonds despite global uncertainty
Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group’s dollar bonds, despite a buyback by its ports…
Broker’s call: HDB Financial (Buy)
Target: ₹900 CMP: ₹642.25 HDB Financial Services (HDBFS) – a blue-chip heritage paired with a formidable low-cost borrowing moat. The combination bestows an inherent advantage upon the company to command…
Gold loses sheen as dollar gains strength
Gold prices fell by Rs 1,904 on Friday to Rs 158,399 per 10 grams against Rs 160,303 on Thursday due to a weak trend in the global markets. The yellow…