Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.Read More
Urban Company garnered Rs 854 crore from anchor investors before its IPO. The IPO opens for subscription from September 10-12, with a price band of Rs 98-103 per share. The company aims to raise Rs 472 crore through fresh shares. Existing investors will sell stakes worth Rs 1,428 crore. Funds will be used for technology, infrastructure, and marketing.Read More
Japanese government bonds faced a dip on Wednesday. This happened before the sale of securities. The five-year yield increased. The ten-year yield also saw a rise. The Ministry of Finance plans to sell five-year JGBs. These events unfolded after Shigeru Ishiba’s resignation. Sanae Takaichi is a contender for leadership. She supports the Abenomics policies.Read More
Brigade Enterprises plans a luxury housing project in Bengaluru. The project aims for a revenue of Rs 2,500 crore. It is a joint development on 10.75 acres in East Bengaluru. The project will have 2.5 million square feet of saleable area. Brigade focuses on high-quality developments in premium locations. The company has projects across multiple cities in South India.Read More
Urban Company’s Rs 1,900 crore IPO opens today, priced at Rs 98–103 per share, featuring a fresh issue and offer-for-sale. GMP indicates a 35% premium, reflecting strong demand. Founded in 2014, the company connects customers with service professionals and reported Rs 1,144.5 crore revenue in FY25, turning profitable.Read More
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