Mother Nutri Foods launches its Rs 39.59 crore SME IPO on Wednesday, November 26. The Gujarat-based peanut butter maker is offering shares from November 26 to November 28. The company plans to use IPO proceeds for a new production facility. Anchor investors have already committed Rs 10.99 crore. The IPO will list on BSE SME...Read More
KK Silk Mills is launching its Initial Public Offering on Wednesday. The company aims to raise Rs 28.5 crore through this public offer. The subscription period will conclude on November 28. The shares will be listed on the BSE SME platform on December 3. The company manufactures fabrics and garments for men, women, and children.Read More
Excelsoft Technologies is set for its stock market debut on Wednesday. Early signs suggest a modest listing premium. The education-technology firm’s Rs 500 crore IPO saw strong investor interest. The company offers AI-powered learning and assessment products globally. Financials show significant revenue and profit growth. The IPO valuation is considered high compared to peers. Proceeds...Read More
Alphabet was poised to reach a historic $4 trillion market valuation on Tuesday, driven by a strong year-long surge in its stock. This rally is attributed to the Google parent’s intensified focus on artificial intelligence tools, positioning it among Big Tech leaders in the AI race.Read More
The dollar weakened as U.S. economic data suggested a December rate cut, with a potential dovish Fed chair nominee further pressuring the currency. The New Zealand dollar surged on a hawkish outlook, while the Australian dollar saw a brief boost from inflation figures. Sterling remained steady ahead of a significant budget announcement.Read More
Gold prices are rising in early Asian trade. This is due to optimism about a potential interest rate cut by the Federal Reserve in December. Markets are now pricing in a high chance of this happening. Recent economic data from the US has also supported these expectations. Gold tends to perform well when interest rates...Read More
Wall Street rallied Tuesday as economic data suggested a December rate cut by the Federal Reserve. Softness in tech, particularly Nvidia, limited Nasdaq’s gains. Investors are now pricing in an 84.7% chance of a rate reduction, up from 50.1% last week, driven by dovish Fed remarks and weakening economic indicators.Read More
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