Hubtown Ltd reported a significant 65% surge in its consolidated net profit to Rs 31.67 crore for the September quarter, driven by a substantial increase in total income to Rs 263.29 crore. The company highlighted strong performance in its luxury residential projects and anticipates adding over 5 million sq ft of developable area through proposed...Read More
Realty firm 91Springboard is expanding its flexible workspace offerings. The company has leased approximately 1 lakh square feet of office space in Mumbai and Gurugram. These new facilities are set to open next quarter. This expansion is driven by increasing demand from corporations. 91Springboard has already added significant space this year and plans further growth.Read More
PhysicsWallah’s Rs 3,480 crore IPO, one of the largest in Indian edtech, is set to finalize allotment on Friday with moderate subscription and a 0% grey market premium, indicating a cautious listing. The company, known for its hybrid model and diverse courses, reported strong revenue growth but remains loss-making, with IPO funds earmarked for offline...Read More
Capillary Technologies India’s Rs 877 crore IPO opens today. The Bengaluru-based firm is a leader in customer engagement and loyalty management. The IPO includes fresh issuance and offer-for-sale components. Funds will support growth and technology investments. The issue closes this week, with listing expected on November 21.Read More
The dollar weakened against major currencies, heading for a weekly fall as investors anticipate poor U.S. economic data following the government shutdown. This data deluge may prompt the Federal Reserve to slow interest rate cuts, impacting market expectations. Sterling also declined amid fiscal uncertainty, while the yen and Australian dollar faced pressure.Read More
Gold prices saw a slight increase on Friday, poised for a weekly gain due to a weaker dollar. However, hawkish remarks from Federal Reserve officials tempered optimism for a December interest rate cut. Traders are now pricing in a lower probability of further easing, impacting gold’s appeal.Read More
Wall Street experienced significant declines on Thursday, driven by steep losses in AI heavyweights like Nvidia. Investors scaled back expectations of interest rate cuts due to inflation concerns and differing views among central bankers on the U.S. economy’s health. This sentiment led to a market rotation away from technology stocks.Read More
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