KK Silk Mills is set to list on the BSE SME platform on December 3, following a successful Rs 28.5 crore IPO. Despite strong retail investor interest, the grey market premium remains flat, indicating cautious sentiment.Read More
Oil prices dipped for a second day as peace talks between Russia and the US stalled, raising doubts about sanctions relief and increased supply. Geopolitical tensions persist with Ukrainian drone attacks on Russian oil infrastructure, while rising US inventories further fuel concerns of a global crude surplus. Market watchers eye upcoming official data for more clarity.Read More
Maruti Suzuki is entering the electric vehicle market with its new e-Vitara SUV. The company has also launched a unified charging platform. This platform connects home and public charging stations. Maruti Suzuki has partnered with 13 charge point operators. They aim to provide access to over one lakh charging points by 2030.Read More
Canara Bank successfully raised Rs 3,500 crore through a new issuance of Basel III-compliant Additional Tier I bonds. The perpetual, unsecured bonds offer a 7.55% annual coupon and were fully subscribed, reflecting strong investor demand. This capital infusion is set to bolster the bank’s core capital, enhancing its financial resilience and potentially influencing investor sentiment.Read More
The Bank of England has issued a stark warning. A massive spending boom in artificial intelligence infrastructure, funded by debt, faces significant risks. Stretched stock market valuations are a major concern. A correction in AI stocks could impact wider debt markets. This situation is developing and could affect household wealth and borrowing costs.Read More
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