Dev Accelerator’s IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company’s expanded services and long-term potential.Read More

The Trump administration has sought emergency court approval to fire Fed Board member Lisa Cook ahead of next week’s rate-setting meeting, following a lower court block.Read More

Waaree Energies’ shares experienced a slight dip on Friday after a significant three-day rally, yet remain up nearly 30% over the last three months. The renewable energy firm’s market capitalization briefly exceeded ₹1 lakh crore, prompting profit-booking. This pullback follows strong Q1 FY26 results, with net profit jumping 89.1% to ₹745.20 crore, driven by growth...Read More

Indian government bond yields are expected to fall further. This follows U.S. inflation data that supports expectations of a Federal Reserve rate cut. The yield on the 10-year benchmark note is likely to be between 6.45% and 6.49%. India will auction sovereign bonds worth 280 billion rupees. The Reserve Bank of India will also conduct...Read More

Sebi’s board meeting is set to bring significant reforms to Indian markets, focusing on IPO regulations, foreign investment, and institutional participation. Relaxations in IPO norms for large firms, a simplified entry framework for low-risk FPIs, and potential quotas for domestic insurers in anchor books are key proposals.Read More

The Australian dollar reached a ten-month high against the US dollar. This happened because of weak economic data from the United States. Experts predict further gains for the Aussie. The Aussie also rose against the Japanese Yen, Euro, and Canadian dollar. Meanwhile, the New Zealand dollar struggled due to weak economic data.Read More

China Evergrande Group’s liquidators have received initial offers for its stake in Evergrande Property Services. Final bids are expected by November. Several parties have signed confidentiality agreements. Subsidiaries of state-owned China Overseas Holdings and China Resources Holdings are reportedly interested. Evergrande Services’ shares surged following the news.Read More

When a stock closes above its VWAP, it indicates that the closing price is higher than the average price at which it traded throughout the day, weighted by trading volume.Read More

India Infrastructure Trust leads with a 17.78% yield, followed by PowerGrid Infra at 12.52% and PTC at 11.13%. Indus Infra Trust, India Grid Trust, and Cube Highways Trust also offer substantial returns. Akzo Nobel, Castrol, Brookfield Real Estate, and National Highways Infra complete the list of top dividend-yielding midcap stocks.Read More

Shringar House of Mangalsutra’s Rs 401 crore IPO is oversubscribed 8.24 times after Day 2 and enters its final bidding day, with strong demand from retail and non-institutional investors. The shares are trading at a grey market premium of around 17%, suggesting a potential listing near Rs 193.Read More