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Shrikant Badve of Belrise Industries joins India’s billionaire club as shares hit ₹162.70, up 81% since May, valuing his 59.56% stake at ₹8,623 crore.
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Oil prices continued their decline for a fifth session due to oversupply concerns, exacerbated by a preliminary agreement to restart an Iraqi-Kurdish oil pipeline. The potential resumption of 230,000 barrels per day from Iraqi Kurdistan adds pressure amid uncertain demand and rising global supply. Traders are also monitoring potential sanctions on Russian oil and geopolitical...
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South Korean shares reached a record high on Tuesday. Chipmakers saw gains due to optimism surrounding Micron Technology’s upcoming results. Celltrion’s shares surged following its acquisition of a US factory from Eli Lilly. Samsung Electronics and SK Hynix also experienced increases. Foreign investors were net buyers of Korean shares. The Korean won weakened slightly against...
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The Indian rupee plummeted to a record low of 88.76 against the US dollar following President Trump’s H-1B visa fee hike, sparking concerns about remittances and IT sector equity outflows. This double blow, coupled with already weak foreign inflows, intensified pressure on the currency.
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Despite market volatility, TCG AMC’s Chakri Lokapriya sees growth in capital goods, metals, pharma, and banking, supported by government policies and global shifts. He highlights infrastructure spending benefiting companies like ABB India and Siemens. China’s production cuts and rising Indian demand favor Tata Steel. Pharma benefits from eased tariff concerns and US FDA approvals.
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Nine SME IPOs are open for subscription, with GMPs signaling up to 24% potential listing gains, led by strong interest in True Colors IPO.
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The outgoing CEO of PGIM India Mutual Fund reflects on his early retirement at 55, attributing his success to a financial plan, a trusted advisor, and favorable timing. He emphasizes the importance of controlling health and wealth, seeking objective financial guidance, and focusing on long-term goals over chasing performance.
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Solarworld Energy Solutions launched its IPO. The IPO subscription witnessed good initial interest. Retail investors fully subscribed their portion early. The IPO price is between Rs 333 and Rs 351 per share. The company plans to use the funds for expansion. Analysts suggest long-term growth potential for Solarworld. The IPO closes on September 25, 2025.
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Adani Total Gas shares: Adani Total Gas fell on profit booking, after a 19% surge Monday that helped lift Adani Group’s market cap by ₹1.7 lakh crore post-SEBI clean chit in the Hindenburg case.
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Airfloa Rail Technology, a key player in India’s rail sector, is diversifying into aerospace, defense, and drone technologies after a successful SME IPO. The company aims to leverage its expertise to become a technology-driven solutions provider, targeting significant growth in electronic warfare, drones, and advanced rail systems.
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