GSP Crop Science’s Rs 400 crore IPO opens Monday, priced between Rs 304-320. The issue includes a fresh component for debt repayment and an offer for sale. With over four decades in agrochemicals, the company aims to strengthen its financial standing. Early market sentiment suggests a flat listing, with the IPO closing March 18.Read More
Rajputana Stainless Ltd’s IPO is poised for a muted market debut on March 16, with grey market signals showing a 0% premium. The Rs 255 crore issue saw modest overall subscription, driven by institutional investors, while retail demand remained subdued. The company plans to use IPO proceeds for debt repayment and capital expenditure.Read More
The dollar remains strong near a ten-month peak. Investors await key central bank meetings, including the US Federal Reserve and European Central Bank. Policymakers will assess the impact of higher oil prices on inflation and growth. The Australian dollar gains on hawkish rate expectations. The Japanese yen faces pressure due to energy import costs.Read More
Crude oil prices surged past $100 per barrel as President Trump warned Iran that its vital Kharg Island oil hub could be targeted, sparking fears of global energy supply disruptions. Despite avoiding direct strikes on oil infrastructure, the US is considering high-risk options, while Iran’s drone attack on a UAE terminal adds to regional tensions.Read More
The finance ministry is set to direct banks to cap lending rates at 2% above MCLR for microfinance companies under a new credit guarantee scheme. This initiative aims to boost lending to smaller MFIs struggling with funding due to asset quality stress, with the NCGTC providing the guarantee cover.Read More
Markets experienced a sharp decline on Friday, extending the ongoing corrective phase due to persistent geopolitical tensions. Analysts suggest any recovery will face significant resistance, advising investors to maintain caution and a selective trading approach. Several companies, including Tata Motors PV, Hindalco, and Adani Total Gas, are in focus due to recent news developments.Read More
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