An entrepreneurial leap by IIT-Bombay professor Shashikanth Suryanarayanan has turned into a windfall as his stake in Sedemac Mechatronics is valued at nearly Rs 1,000 crore ahead of its IPO. Former students-turned-cofounders are also set to reap significant gains as the deeptech firm heads to the market.Read More

Shares of XTGlobal Infotech hit the 20% upper circuit at Rs 33.18 on the BSE after the company secured an AI Enablement for Engineering Services contract from a US-based state transportation agency. The six-month engagement is valued at about $796,900. Managing Director Ramarao Atchuta Mullapudi said the win strengthens its transportation vertical and US public...Read More

Australian stocks hit a fresh record high for the second day, driven by strong performances from miners, healthcare, and tech sectors amid a robust earnings season and rising commodity prices. Miners, in particular, saw significant gains, with BHP and Rio Tinto reaching new peaks. However, Qantas Airways experienced a notable slump due to its international...Read More

Biocon CEO Siddharth Mittal outlines the company’s strategy in the competitive GLP-1 market. Focusing on liraglutide’s launch in the US and Europe, he highlights opportunities in emerging markets. While semaglutide is a longer-term play, Biocon is actively filing for approvals, anticipating launches in 2027.Read More

National Stock Exchange of India Ltd. has invited banks to pitch for roles in its long-delayed IPO, signalling fresh momentum for one of India’s biggest potential listings. The exchange, guided by Rothschild & Co., is moving to appoint advisers as it revives plans stalled by regulatory hurdles.Read More

Shares of Tejas Networks rose sharply after the company sealed a major agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. MIMO (Multiple-Input Multiple-Output) is a wireless technology that enhances data speeds and signal reliability by using multiple antennas at both the transmitter and receiver.Read More

The Indian rupee is showing slight strength today, aided by a weaker dollar. However, it continues to lag behind other emerging market currencies this year. Investors are currently favoring global markets with strong tech, export, and commodity sectors, leading to underperformance in Indian equities as well. Analysts anticipate this trend to persist in the near...Read More

Indian solar energy stocks saw gains on Thursday. Brokerages reassured investors, downplaying the impact of new US import duties. Companies like Waaree Energies and Premier Energies are expected to remain largely unaffected. This is due to their sourcing strategies and limited reliance on Indian-made solar cells for US exports.Read More

Indian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launches and capabilities from startup Anthropic, raising investor concerns about potential disruptions to the sector. Major IT firms experienced significant single-day losses following these developments.Read More

The rupee strengthened by 6 paise to 90.85 against the US dollar in early trade on Thursday, driven by a weaker greenback and FII inflows. Positive domestic equity market sentiment also supported the local unit, though rising crude oil prices and geopolitical uncertainties limited significant gains.Read More