iValue Infosolutions IPO was fully subscribed on Day 3, with overall subscription at 1.04 times and GMP slipping to 4%. The Rs 1,601 crore OFS offers shares at Rs 284–299, with listing set for September 26 on NSE and BSE.Read More
Bitcoin experienced a slight dip, settling around $114,500, while Ethereum maintained its position near $4,300. Market sentiment remains positive, fueled by expectations of U.S. rate cuts and steady ETF inflows. Investors are closely monitoring upcoming macroeconomic data and Federal Reserve Chair Powell’s speech for potential market influence, anticipating a possible breakout.Read More
Adani Green Energy’s shares surged following SEBI’s clearance regarding Hindenburg Research’s allegations, boosting investor confidence. Jefferies raised the target price to Rs 1,300, citing significant upside potential and projecting substantial capacity additions. Supported by promoter infusion and long-term power purchase agreements, the company anticipates improved financial metrics and strong EBITDA growth, despite potential risks like execution delays.Read More
Indian IT companies face near-term challenges due to increased H-1B visa costs, potentially impacting EBIT by 10%, according to industry veteran Sandip Agarwal. While acknowledging AI disruption and slowing growth, Agarwal anticipates long-term benefits from increased offshoring.Read More
A new $100,000 fee for H-1B visa petitions in the U.S. will apply only to new applicants, not current holders. Major companies and Indian IT firms are assessing impacts on travel and workforce deployment. The White House says the fee aims to protect American wages and prevent visa program abuse.Read More
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