Hindustan Copper shares surged sharply after global copper prices spiked due to a production halt at Grasberg, the world’s second-largest copper mine in Indonesia. The mine suspension, caused by a fatal mudflow, tightened global supply and pushed copper futures to 15-month highs.Read More

GST cuts on textiles and footwear may offer some relief. Market expert Sunil Subramaniam anticipates a demand surge in big-ticket items. The upcoming festive season is likely to drive purchases of cars and appliances. Real estate faces short-term challenges. Affordable housing could revive in the next 6–12 months. GST cuts and lower EMIs will make...Read More

State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining...Read More

The allotment for Ganesh Consumer Products’ IPO will be finalised today, ahead of its scheduled listing on the BSE and NSE on September 29. The issue, which ran from September 22–24, received an overall subscription of 2.68 times, led by QIBs at 4.03x, followed by NIIs at 4.41x, while the retail portion saw a modest...Read More

BMW Ventures’ Rs 231.66 crore IPO saw a muted response on Day 2, subscribed 14% overall. Retail and NII segments showed limited interest, while QIBs were fully subscribed. The company plans to use proceeds for working capital and corporate purposes, with strong growth in Bihar’s steel market.Read More

Anurag Singh offers a contrasting perspective on global equities, expressing optimism about the US market due to deregulation, tax cuts, and potentially beneficial tariffs. He advises caution regarding India, citing high valuations, currency depreciation, and the impact of capital gains tax on foreign investors. Singh views India as a hedge rather than a primary growth...Read More

India’s ambitious Rs 70,000 crore maritime push, including infrastructure status for large ships, aims to revolutionize shipbuilding. This initiative targets a significant increase in global market share, potentially generating 30 lakh jobs and attracting substantial investment.Read More

Solarworld Energy Solutions’ Rs 490 crore IPO has entered Day 3, with strong retail demand pushing overall subscription to 4x by the end of Day 2. The issue, priced at Rs 333–351 per share, shows a grey market premium of 14%. Proceeds will fund projects and corporate purposes, while analysts highlight robust order books and...Read More

JSW Group is set to raise 70 billion rupees. The fund raising will be through zero-coupon bonds. JTPM Metal Traders will issue these bonds. The aim is to finance JSW Paints’ acquisition. They are acquiring a stake in Akzo Nobel India. The bond issuance is expected to attract significant investor interest.Read More

Oil prices dipped in Asian trade, retreating from a recent seven-week high due to investor profit-taking and supply-demand uncertainty. Brent crude fell to $69.05 a barrel, while WTI crude decreased to $64.72. The earlier price surge was fueled by a surprise drop in U.S. crude inventories and concerns about Ukrainian attacks on Russian energy infrastructure.Read More