Seshaasai Technologies, a payment card fulfillment provider, is launching an IPO to raise ₹480 crore for debt repayment and expansion, alongside a ₹333 crore offer for sale. While revenue dipped slightly in FY25 due to the absence of a large renewal project, net profit doubled, and EBITDA margins improved significantly.Read More
Anand Rathi Share & Stock Brokers is set to launch an IPO. The company aims to raise ₹745 crore. This fresh equity will fund long-term working capital needs. The IPO will dilute promoter stake to 69.9%. The firm’s active clients have increased significantly. Revenue has nearly doubled in recent years. The company provides broking and distribution services.Read More
Markets experienced volatility, closing lower, with analysts predicting consolidation between 25,500 and 25,000. TCS will announce Q2 earnings and consider a dividend on October 9. Vedanta’s contract extension for a key oil and gas block was rejected, while IndusInd Bank appointed a new CFO. Brigade Enterprises secured a residential project, and KEC International won new orders.Read More
Indian equities experienced a downturn on Monday, influenced by concerns surrounding President Trump’s H-1B visa fee changes. Investors are closely watching Piyush Goyal’s upcoming US visit for trade negotiations amid existing tariff tensions. Technically, the Nifty’s 25,000 level is crucial, while the rupee weakened against the dollar.Read More
The Reserve Bank of India has authorized standalone primary dealers to deal in non-deliverable rupee derivatives, effective immediately. This decision follows the RBI’s August 2022 authorization allowing PDs to offer foreign exchange facilities. The move aims to strengthen PDs’ role as market makers, broaden forex customers’ currency risk management options, and enhance India’s forex market.Read More
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