Maruti Suzuki Chairman RC Bhargava expects 10% growth in small cars in H2 FY25, with strong demand in the 18% GST category driving overall performance. Bhargava said margins will remain stable as discounts ease, while exports of Baleno, Fronx, and Jimny gain momentum. Maruti continues to target a 50% market share by FY31, led by...Read More
The IPO, which closes on November 7, comes amid strong retail investor interest and a grey market premium (GMP) of around 14%, indicating healthy listing expectations.Read More
Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon’s $38 billion agreement with OpenAI and Nvidia’s chip allocation boosting tech stocks. Despite a foggy monetary policy outlook due to scarce economic data and a government shutdown, market sentiment was supported by positive trade news and dovish Fed commentary.Read More
Oil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply glut. Major energy producers and the U.S. Department of Energy challenged forecasts of an oversupply next year, while Russia’s lobbying influenced OPEC+’s decision due to Western sanctions. Investors anticipate U.S. inventory data...Read More
The dollar held near a three-month high as a divided Federal Reserve reduced interest rate cut expectations. Investors are awaiting the Reserve Bank of Australia’s policy meeting, where rates are likely to remain unchanged. Meanwhile, the yen weakened, nearing levels that previously prompted intervention.Read More
Gold prices dipped below $4,000 per ounce as a strong dollar and reduced expectations of a December U.S. interest rate cut weighed on demand. Easing U.S.-China trade tensions also contributed to the decline, while China’s removal of gold tax exemptions could impact its market.Read More
The price band is set between Rs 120 and Rs 125 per share. The minimum lot size for retail investors is 2,000 shares, requiring a minimum investment of Rs 2.5 lakh at the upper price band.Read More
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