Oil prices dropped Friday after Israel announced it would stop targeting Iran’s energy infrastructure. This followed a U.S. presidential statement. Brent and WTI crude futures saw declines. Despite this, Brent was set for a weekly gain due to supply disruptions. Experts predict prices could rise significantly if the conflict escalates.Read More
Central Mine Planning and Design Institute Ltd (CMPDI) is set to launch its IPO on March 20, with a modest 2% grey market premium indicating a steady debut. The Rs 1,842 crore offer for sale, priced between Rs 163-172, will not raise fresh capital for the company.Read More
Speciality Medicines’ IPO opens Friday, aiming to raise Rs 29 crore with a flat 0% grey market premium, indicating cautious investor sentiment. The company, operating in niche speciality pharmaceuticals, plans to use IPO proceeds for R&D, international registrations, and working capital. Investors are advised to monitor subscription demand and institutional participation.Read More
Gold prices saw a slight increase on Friday but are set for a third weekly drop. A strong dollar and the U.S. Federal Reserve’s stance on interest rates are impacting gold. Meanwhile, oil prices remain high following attacks in the Middle East. These events are creating inflationary pressures, though high interest rates are dampening demand...Read More
HDFC Bank shares saw a significant drop of over 5 percent. This decline followed the resignation of non-executive chairman Atanu Chakraborty. His departure cited practices not in line with his personal values. Analysts suggest this, along with CEO Sashidhar Jagdishan’s term renewal uncertainty, may pressure the stock. The bank’s market value decreased by ₹69,026 crore.Read More
Central Mine Planning & Design Institute (CMPDIL), a Miniratna PSU, plans to raise ₹1,842 crore through an offer for sale. The company has shown strong financial growth, driven by steady coal demand and expanding exploration opportunities. However, revenue concentration from government entities and potential policy shifts towards green energy present risks.Read More
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