Gold and silver prices experienced a significant slump on Monday, with gold futures dropping 5.6% and silver falling 11%. This decline occurred despite escalating West Asia conflict, as rising inflation fears and expectations of higher global interest rates overshadowed safe haven demand.Read More
Indian stock markets saw a significant rise on Monday. This surge followed a drop in oil prices after U.S. President Donald Trump announced a postponement of strikes on Iran. Despite Iranian denials of talks, Trump’s statements created optimism. Oil prices fell over 10 percent. Cyclical sectors led the gains. Investors are now awaiting Federal Reserve speakers and economic data.Read More
Powerica Ltd secured Rs 329.40 crore from anchor investors. The company’s Rs 1,100-crore IPO opens for subscription on March 24. Funds will be used to reduce debt and for general corporate purposes. This is Powerica’s second attempt to go public. The company is an integrated power solutions provider. Its stock market debut is scheduled for April 2.Read More
Coal India’s board has approved divesting up to 25% of its stake in South Eastern Coalfields Ltd (SECL) via Offer for Sale, alongside a fresh issuance of up to 10% equity through an IPO or other market routes. This move, along with a similar divestment in Mahanadi Coalfields Limited, aims to raise capital and explore overseas opportunities in critical minerals.Read More
Sai Parenteral’s Ltd has raised over Rs 122 crore from anchor investors ahead of its IPO opening on March 24. The Hyderabad-based pharmaceutical company allotted equity shares at Rs 392 apiece to prominent investors like Morgan Stanley Asia and Kotak Lifesciences Fund.Read More
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