Amba Auto Sales and Services’ Rs 65 crore SME IPO opens Monday with zero grey market premium, indicating cautious investor sentiment. The company, an authorized dealer for Bajaj Auto and LG Electronics, plans to use IPO proceeds for working capital and expansion. Financials show steady growth, with revenue around Rs 242 crore in FY25.Read More
Global oil prices surged nearly 2% as U.S.-Iran peace talks faltered, intensifying concerns over tight supply. Shipments through the vital Strait of Hormuz remain restricted, with analysts warning of potential price spikes to $150 per barrel if disruptions persist. Goldman Sachs has already revised its fourth-quarter forecasts upwards.Read More
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