Urban Company’s upcoming IPO contrasts with previous tech IPO disappointments like Swiggy and Paytm, showcasing stronger financials with a recent profit of Rs 240 crore. While analysts acknowledge the company’s sound business model, concerns linger about its valuation of Rs 15,000 crore.Read More
Indian bonds gained after FM reaffirmed the 4.4% fiscal deficit target and no extra borrowing, pushing the 10-year yield to 6.45%, with focus now on inflation data.Read More
Indian IT stocks rebounded after a five-day slump, spurred by Infosys’ announcement of a potential share buyback on September 11. The Nifty IT index rose by 2%, with Infosys leading gains.Read More
Goel Construction shares debuted strongly on the BSE SME platform, opening at a 15% premium of Rs 302.50. The IPO witnessed significant investor interest, being oversubscribed across all categories. The company, specializing in industrial and infrastructure projects, reported substantial revenue and profit growth in FY25, supported by a robust order book.Read More
Standard Chartered expects the US Federal Reserve to deliver a 50-basis-point cut in September, double its earlier projection. The revision follows weak August jobs data, signaling labor market softness. Other global banks remain divided on the magnitude and timing of policy easing.Read More
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