Auto components maker Kay Jay Forgings Ltd is set to launch an Initial Public Offering (IPO) aiming to raise Rs 360 crore. The funds will be utilized for expanding manufacturing facilities, including a solar power plant, and for debt reduction. The company, a leading supplier of crankshafts to two-wheeler OEMs, reported strong revenue and profit growth in FY25.Read More
Japanese government bond yields fell sharply on Wednesday as ​investors scooped up bonds at the start of the new fiscal year, with sentiment aided by optimism for the de-escalation of the Middle East conflict.Read More
Oil marketing company shares saw a significant jump on Wednesday. This rise followed a drop in oil prices below the $100 per barrel mark. Investors are hopeful for an end to the Iran-US conflict. This development has cheered shareholders of companies like HPCL, BPCL, and IOC. Earlier, rising oil prices had impacted these companies negatively.Read More
Adani Ports shares surged over 5% after the company crossed 500 million tonnes of cargo handling, marking a key operational milestone. The firm highlighted its expanding logistics network and reiterated its target of 1 billion tonnes by 2030, while the stock remains under pressure on a one-month and year-to-date basis.Read More
Equity market has shifted sharply from optimism to crisis mode, marked by a record $13 billion FII outflow in March—the worst ever. The sell-off has been driven by a surge in oil prices following Gulf tensions, with Brent crude jumping over 50%, worsening inflation, trade deficits, and corporate margins. Existing weaknesses like a weak rupee, sluggish earnings, high valuations, and global trade pressures have compounded...Read More
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