Encompass Design India, operating as ScaleSauce, is launching its Rs 40.21 crore IPO on Friday, December 8th. The book-built issue, entirely a fresh equity offering, will close on December 9th and list on the NSE SME platform on December 12th. The company aims to utilize the proceeds for infrastructure upgrades, working capital, and debt repayment.Read More
Flywings Simulator Training Centre is launching its IPO on December 5, aiming to raise Rs 57 crore. The company, which trains cabin crew for major airlines, will offer shares between Rs 181 and Rs 191. Funds will be used for pilot training equipment and general corporate needs. The IPO closes December 9.Read More
Sebi has cracked down on Avadhut Sathe and his firm, Avadhut Sathe Trading Academy. They are banned from the stock market and must return Rs 601.37 crore. This money was collected from over 3.37 lakh investors. Sathe provided unregistered investment advice and stock tips. Sebi’s investigation covered activities from July 2017 to October 2025.Read More
The US dollar is trading near a five-week low. Investors anticipate a Federal Reserve rate cut next week. Markets are also watching for signals on future interest rate reductions. Several other central banks will also announce their policy decisions in the coming weeks. The Bank of Japan may raise rates this month.Read More
Gold prices remained stable as higher U.S. Treasury yields countered a weaker dollar. Investors are keenly awaiting U.S. inflation data, specifically the PCE Index, for insights into the Federal Reserve’s upcoming policy decisions. This crucial economic indicator will guide market sentiment ahead of the Fed’s meeting next week, with expectations of a potential interest rate...Read More
U.S. stocks closed near unchanged as investors assessed mixed labor market data and anticipated a Federal Reserve interest rate cut. Initial jobless claims fell to a three-year low, though the November payrolls report remains pending. Markets are pricing in an 87% chance of a 25 basis point cut this month.Read More
Indian markets saw a slight recovery on Thursday, ending a four-day losing streak. However, gains were limited by foreign investor selling and a weakening rupee. Analysts anticipate continued market consolidation. A potential Reserve Bank of India rate cut could provide a short-term boost. The India VIX, a fear gauge, saw a decline.Read More
Markets ended marginally higher on Thursday, taking a breather after recent declines, with the rupee’s weakness and caution ahead of the MPC policy outcome persisting. HUL’s ice-cream demerger, IndiGo’s pilot rest duty waiver, Star Health’s claim rejection, ITC Hotels’ stake sale by BAT, and Zaggle Prepaid’s acquisition of Rivpe Technology were key news drivers.Read More
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