The rupee edged up 7 paise to 88.68 against the dollar due to suspected RBI intervention, despite a strong US dollar, H1-B visa fee hike, and rising crude oil prices. Exporter dollar sales and RBI actions cushioned the fall, while global trade uncertainties and the US visa fee impact on IT exports remained concerns.Read More
India is set for its busiest IPO month in nearly 30 years, with 25 mainboard and 28 SME issues this week. Companies aim to raise over Rs 12,000 crore, driven by strong domestic liquidity, foreign investor interest, and SEBI’s fast-track approvals. Major upcoming listings include NSE, Tata Capital, and PhonePe.Read More
Finance Buddha, backed by Ashish Kacholia, MS Dhoni Family Office, and CAMS founder Shankar V, has secured NSE Emerge approval for its SME IPO. The phygital lending platform serves customers across 30+ states, offering retail credit solutions through its agent-led marketplace and digital platform.Read More
Advance Agrolife Limited is launching its IPO. The price is set between Rs 95 and Rs 100 per share. The IPO will open on September 30 and close on October 3. The company aims to raise Rs 193 crore through this initial share sale. The raised capital will support working capital needs. The company manufactures agrochemical products.Read More
Sebi is set to resolve the long-pending co-location and dark fibre cases involving the National Stock Exchange (NSE) by early October, potentially clearing the path for its long-awaited IPO. The settlement, pegged at around Rs 1,400 crore, would enable the issuance of a No Objection Certificate (NoC), a crucial step for NSE’s listing process.Read More
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