India’s market regulator has given the green light to fintech firm Pine Labs for its initial public offering. The IPO, potentially valued at $1 billion, aims for a valuation of up to $6 billion. Pine Labs intends to utilize the IPO proceeds for overseas investments, technology development, and debt reduction, as it competes with major players like Paytm and PhonePe.Read More
Indian equities ended lower on Monday, with the Nifty 50 breaking an eight-session winning streak, as weakness in IT and auto shares dragged benchmarks lower.Read More
The Indian Rupee remained stable on Monday. A weaker dollar provided some support. Importer hedging and weak foreign investment limited gains. India’s trade deficit narrowed in August. Trade talks between India and the United States are scheduled. Investors are awaiting central bank decisions from the U.S., Japan, and the UK. The U.S. Federal Reserve’s rate decision is the main focus.Read More
As speculation grows around Sebi’s upcoming consultation paper that may propose a ban on weekly index expiries, Zerodha founder and CEO Nithin Kamath said a complete ban would make sense from an outsider’s perspective. In a post on X, he added he wouldn’t be surprised if Sebi tightened rules to make F&O trading harder for retail investors.Read More
Nifty Realty has declined 14% in a year, with some stocks falling up to 66%. However, Elara Capital sees turnaround opportunities, identifying seven realty picks with potential upside of up to 85%.Read More
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