Home prices in India are rising faster than expected, driven by affluent buyers, while affordable housing lags. Rentals surge, pricing out first-time buyers, deepening inequality and straining the aspiring middle class.Read More
Hong Kong stocks hit a four-year high, driven by tech companies. Confidence in China’s AI and a potential TikTok deal boosted the market. Mainland Chinese stocks also saw gains. Tech giants like Baidu and Alibaba surged. Developments in China’s AI infrastructure and new AI models are noteworthy. Alibaba and Baidu are using internally designed chips.Read More
VMS TMT’s ₹149 crore IPO was fully subscribed within hours, with strong demand from QIBs at 6.83 times. The GMP is 23%, signaling expected listing gains amid robust investor interest.Read More
Accel’s early investment in Urban Company turned Rs 14.3 crore into a Rs 390 crore payout after the home services platform debuted with a 57.5% premium over its Rs 103 IPO. Accel first backed the home services startup over a decade ago, buying shares at an average price of Rs 3.77 apiece. The firm still holds shares valued at over Rs 1,100 crore.Read More
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