Anthem Biosciences shares have risen significantly since its listing. The company reported strong June quarter results, boosting investor confidence. Capacity expansion for custom synthesis is underway. Anthem plans to increase capacity to 425 kilolitres by September 2025. Two products received approval, expanding the commercial portfolio. Revenue jumped nearly 60% in the June quarter.Read More
Anand Rathi Share and Stock Brokers plans a ₹745-crore IPO launch this month. This marks the second company from the financial services group to enter the primary market. The IPO consists entirely of a fresh share issue. The company intends to allocate ₹550 crore from the proceeds to meet long-term working capital needs.Read More
Asian stocks saw modest gains following Wall Street’s record highs, fueled by anticipation of a Federal Reserve interest-rate cut this week. The S&P 500 surpassed 6,600 amid bets on Fed easing, while a TikTok deal and potential Trump-Xi talks also boosted sentiment.Read More
Lower-income borrowers in India are increasingly favoring gold loans over microfinance due to soaring gold prices and stricter MFI lending practices. Gold loans have surged by 122%, driven by lower interest rates and a shift in perception towards gold as a mainstream financial tool.Read More
Railway stocks experienced a surge on Monday, fueled by substantial order wins and the government’s capital expenditure push. Ircon International and RailTel Corporation of India led the gains, driven by positive sentiment from recent project inaugurations and significant capex announcements. Analysts predict further near-term gains for select stocks, advising investors to exercise caution due to valuation concerns.Read More
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