Pine Labs IPO: In its IPO report, SBI Securities gave Pine Labs a ‘Subscribe for long-term’ recommendation, highlighting the company’s strong growth prospects, improving profitability, and large market opportunity. The brokerage said the fintech firm is well placed to tap into the Rs 276 trillion digital payments market projected by FY29.Read More

Investors have a final chance today to buy Power Grid Corporation of India shares for a Rs 4.50 interim dividend. The stock will trade ex-dividend from November 10. This dividend is for the financial year 2025-26. Eligible shareholders will receive the payout on December 1. Other companies also have ex-dividend dates soon.Read More

Curis Lifesciences launched its Rs 27.5 crore SME IPO on November 7, aiming to raise funds for infrastructure expansion and working capital. The company, which focuses on contract manufacturing and exports, reported strong revenue and profit growth in FY25. The IPO will close on November 11, with shares set to list on the NSE SME...Read More

Shining Tools, a precision carbide cutting tool manufacturer, launched its Rs 17.1 crore SME IPO on November 7. The company aims to boost manufacturing capacity and working capital. With strong recent financial growth and high profit margins, the IPO proceeds will fund new machinery and expansion, capitalizing on India’s growing manufacturing sector.Read More

Japan’s Nikkei index experienced a significant weekly decline, its largest since April, driven by a sell-off in heavyweight tech stocks mirroring U.S. market trends. Concerns over stretched valuations and disappointing corporate earnings impacted major players like SoftBank and Advantest. Despite a strong October rally, a cautious market sentiment emerged, with investors now closely watching upcoming...Read More

Oil prices saw a slight increase on Friday, breaking a three-day slump. Concerns over excess supply and weakening demand in the United States are impacting the market. Prices are still on track for a second consecutive week of decline. Major global producers are increasing output, contributing to the downward pressure. The U.S.Read More

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The dollar weakened in early Asian trade as investors, awaiting U.S. labor data, reacted to private surveys indicating job cuts. This fueled expectations of a Federal Reserve rate cut, despite caution from a Fed official. Meanwhile, Japanese household spending showed a modest rise, while the Australian dollar and kiwi remained steady. Sterling and the euro...Read More

Global markets experienced a downturn Thursday, with tech and consumer stocks leading the decline. The British pound strengthened as the Bank of England held interest rates steady. U.S. chipmaker Qualcomm saw its shares fall on future product concerns. Investors are closely watching corporate earnings, U.S. government shutdown impacts, and trade tariff developments.Read More

Digital payment firm Pine Labs aims to raise over ₹3,800 crore via fresh equity and an offer for sale. Despite robust revenue and transaction growth, the company posted losses primarily due to ESOP costs, though Q1FY25 saw a net profit. Investors with a higher risk appetite may find this IPO appealing for long-term prospects.Read More