The buzz around Fabtech Technologies Cleanrooms IPO has reached a new high, with the grey market premium (GMP) skyrocketing by over 90% on its final day of the three day subscription period starting from January 3 to January 7, 2025. This surge in the GMP of the BSE SME issue has sparked an interest among
Gold prices in India are shaped more by global trading trends than by local demand and supply, with markets like London OTC and COMEX playing a key role. “The US dollar has gained strength since mid-August, when it held important support at 100 points. The market’s bullish sentiment has only risen after the November election
The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Tuesday, January 7. The Indian headline indices, Sensex and Nifty extended their losses for the second straight session on January 6, ending near the day’s lows. The Sensex plunged by 1,258.12 points, or 1.59%, to close at
Larsen and Toubro (L&T) on Tuesday announced that its Power Transmission & Distribution (PT&D) vertical has secured new orders in India and the Middle East. In a regulatory filing, the company said that it has won an order to implement the Advanced Distribution Management System in West Bengal. “This technology makes power distribution smarter by
Bharat Petroleum Corporation has given in-principal approval to the listing of Maharashtra Natural Gas through an initial public offering worth Rs 1000 crore. “We would however like to mention that there has been a news report that Maharashtra Natural Gas Limited (MNGL), a joint venture of BPCL, GAIL, and IGL is preparing to list through
Indo Farm Equipment was listed at Rs 256 on the National Stock Exchange, a premium of 19% to the issue price. On the BSE, the stock was listed at Rs 258.40, a premium of 20%. In the grey market, the stock fetched a premium of more than 35% to its issue price ahead of listing.
Go to Live UpdatesStandard Glass Lining IPO: It is day 02 of the IPO bidding. The company aims to raise Rs 410 crore through a combination of a fresh issue and an offer for sale. The IPO was subscribed to a tune of 13.67 times on Day 01. The retail investors booked the issue 15.08
Delhi Chief Minister Arvind Kejriwal announced that registration for two major welfare schemes, aimed at women and senior citizens, will begin on Monday. The Mukhya Mantri Mahila Samman Yojana will provide Rs 1,000 per month to all women aged 18 and above. However, Kejriwal recently said the amount would be increased to Rs 2,100 if
Quarterly transactions in the office market reached a historic high of 28.2 million square feet in the January-March period, shows a Knight Frank report. Global capability centres (GCCs) were the largest consumers of office space during the period, accounting for 44% of the total transaction volume. A resurgence in demand from the third-party IT services
The reciprocal tariff of 27% will jack up customs duties faced by Indian exporters of studded and gold jewellery in the US to 32-34%, including 5.5-7% extant tariffs. Diamond products which currently do not have any tariffs, will cost US importers a 27% import duty. Sabyasachi Ray, Executive Director of the Gems & Jewellery Export
Corporate India is gearing up for a challenging trade environment in the wake of the 27% reciprocal tariffs imposed by the US on Thursday. While the Trump administration has described the move as its moment of liberation, India Inc leaders feel there are some pain as well as some gain. From India’s perspective, key sectors
Dusit International, a leading Thai hotel and property development company, on Thursday announced plans to expand its presence in India by launching its luxury and upper-midscale brands in key emerging markets. The strategic expansion plan builds on the momentum of Dusit’s recent foray into the Indian market with the soft-opening of the contemporary and upscale
The quarterly updates of fast-moving consumer goods (FMCG) companies, which has been released so far for the January-March 2025 period (Q4FY25), present a mixed picture of the sector at a time when urban demand has remained weak. Rural demand, in contrast, has been resilient and is expected to improve in the coming months. While Marico
