Three IPOs, Urban Company, Shringar House of Mangalsutra, and Dev Accelerator, are opening. Urban Company, a home services marketplace, aims to raise significant capital. Shringar focuses on mangalsutras, targeting steady earnings. Dev Accelerator offers flexible workspace solutions, eyeing expansion. Analysts suggest Dev Accelerator for listing gains. Urban Company is considered for long-term potential.Read More
The rupee gained 14 paise to 87.95 on equity strength, but US tariff concerns and global risks capped recovery; Sensex and Nifty rose as US trade tensions escalated.Read More
Gold futures on MCX soared to a record high of Rs 1,09,000/10 grams, fueled by expectations of aggressive US Fed rate cuts. Silver futures also remained firm, while international spot gold hit an all-time high of $3,646.53/oz. Weak U.S. job data has increased the likelihood of these rate cuts, weakening the dollar and supporting precious metal prices.Read More
Glenmark Pharmaceuticals’ shares surged following its subsidiary’s $700 million upfront payment from AbbVie for an exclusive licensing agreement concerning IGI’s lead drug candidate, ISB 2001. The deal grants AbbVie rights in key markets, while Glenmark retains commercialization in emerging regions.Read More
SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.Read More
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