VMS TMT, a Gujarat-based steel manufacturer, is set to debut on the stock exchanges on September 24, following its Rs 148-crore IPO. The IPO, priced between Rs 94 and Rs 99 per share, saw decent subscription levels. The company intends to use the IPO proceeds to repay debt and for general corporate purposes, with promoter...Read More
Epack Prefab Technologies is launching its IPO on Wednesday. The IPO is worth Rs 504 crore. It includes a fresh issue and an offer for sale. The price band is Rs 194-204 per share. The company focuses on pre-engineered buildings and EPS packaging. They have completed many projects for big clients. The IPO aims to...Read More
Asian stocks declined following a tech-driven dip in the S&P 500, compounded by cautious signals from Federal Reserve officials regarding interest-rate cuts. Jerome Powell highlighted persistent risks in both the labor market and inflation, maintaining flexibility amid pressure for aggressive easing. Oil prices rose due to concerns over Russian supply disruptions.Read More
Oil prices increased for the second consecutive day. A report indicated a decline in U.S. crude inventories last week. This development suggests a tightening of supplies in the market. The halt in oil exports from Iraq’s Kurdistan region also contributed to the price rise. American Petroleum Institute data revealed a drop in crude and gasoline...Read More
The dollar weakened, nearing its lowest point in a week. Traders anticipate two more US interest rate cuts this year. This is despite Federal Reserve Chair Jerome Powell’s cautious stance on further easing. The dollar index saw a drop this week. Market bets are on quarter-point rate cuts at the remaining Fed policy meetings.Read More
Gold prices remained stable near record highs. Investors are carefully analyzing Jerome Powell’s remarks on potential interest rate cuts. They are also awaiting a key inflation report. The dollar’s weakness made gold more affordable. NATO cautioned Russia regarding airspace violations. Other precious metals like silver saw little change. Markets anticipate possible rate cuts later this...Read More
American stock market saw a dip on Tuesday. This happened after Federal Reserve Chair Jerome Powell spoke. He mentioned the need to balance inflation and job market concerns. Tech stocks like Nvidia, Microsoft, and Apple also declined. Boeing shares saw a rise due to a big order from Uzbekistan Airways. Investors are closely watching the...Read More
JM Financial, along with JM Financial Services and JM Financial Products, settled with SEBI for ₹1.9 crore over securities law violations related to NCD public issues in 2023. They also face a three-month debarment from debt security distribution and IPO financing. The case involved concerns about retail ownership decline and loan provisions for NCD applications.Read More
Equities closed slightly lower as India-US trade talks progressed. Analysts anticipate market firmness, driven by GST reforms and festive demand. Technically, the index finds strong support at 25,000, suggesting a potential rebound. FIIs net sold shares, while DIIs were net buyers, and the rupee weakened against the US dollar.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
