India’s IPO market is gaining traction, with several startups preparing to debut around Diwali. Groww, PhysicsWallah, and Pine Labs are among the companies gearing up for IPOs, with PhonePe potentially filing confidential papers soon. Lenskart is also planning a public listing, aiming to capitalize on the renewed interest in the Indian IPO market.Read More

The Bank of Japan (BOJ) has decided to maintain its short-term interest rates at 0.5% following a two-day policy meeting. However, in a significant shift, the BOJ will begin selling its holdings of exchange-traded funds (ETFs) and real-estate investment trusts (REITs). The decision saw dissent from board members Naoki Tamura and Hajime Takata.Read More

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Indian Hotels Company clarified it does not own but operates New York’s The Pierre under leasehold rights, dismissing reports of a $2 billion exit deal as “misleading and speculative.” The filing stressed hotel operations remain unaffected, with disclosures to follow if required. The clarification comes amid IHCL’s selective overseas strategy and focus on city-specific opportunities.Read More

Ola Electric shares have experienced a 40% surge in the past month, driven by supportive government policies, improved operational efficiency, and overall sector optimism. The company’s eligibility for Production Linked Incentive scheme and enhanced gross margins have boosted investor confidence. However, technical indicators present a mixed outlook, with analysts suggesting potential short-term corrections despite the...Read More

The Bank of Japan has maintained its short-term interest rates at 0.5%. However, the central bank decided to begin selling its exchange-traded funds and real-estate investment trusts. Naoki Tamura and Hajime Takata dissented to the decision. Governor Kazuo Ueda will explain the decision at a news conference. The policy meeting concluded on Friday.Read More

The Indian rupee depreciated by 7 paise to 88.27 against the US dollar due to a stronger dollar and declining domestic equities. US tariffs on Indian goods further dampened investor sentiment. While the rupee stumbled, supportive trade developments and domestic confidence suggest potential for appreciation, with key support at 87.70 and resistance around 88.40.Read More

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Adani Power share price: Morgan Stanley initiated coverage of Adani Power with an Overweight rating and a Rs 818 price target, seeing nearly 30% upside. The brokerage highlighted the company’s large coal-based capacity, growth plans to 41.9 GW by FY32, and robust long-term PPAs under India’s SHAKTI policy.Read More

Indian government bonds remained range-bound as market participants prioritized immediate supply concerns over the potential inclusion in a global index. The auction of the 2035 bond coincided with worries about continuous supply from both the central government and states. Traders are also anticipating the borrowing calendar for the second half of the fiscal year.Read More