Pharmaceutical giant Dr Reddy’s Laboratories (DRL) saw its shares surge 4.34% on Thursday in an otherwise sluggish market, reaching an intraday high of Rs 1,330.45 following an upgrade by Nomura. The Tokyo-based brokerage has upgraded the stock from ‘Neutral’ to ‘Buy’ with a revised target price of Rs 1,500, down from Rs 6,499, factoring in
By Ajay Srivastava The record gold imports last month widened the trade deficit and pushed the rupee to an all-time low. While a calculation error may have led to overestimating the imports, there could be other factors at play also, explains Ajay Srivastava Record imports in November India’s gold imports reached an all-time high of
The US Federal Reserve’s policy decision that could shut the door on further rate cuts in the near future roiled markets on Thursday, with currencies, bond yields and equities across the world feeling the heat. The global meltdown saw the Sensex falling almost 1,000 points, the rupee dropping below 85/$ and 10-year bond yield hardening
Hamps Bio IPO, a fixed-price issue set to list on the BSE SME platform on tomorrow, (December 20). Ahead of its listing, the SME issue has garnered significant investor attention, with its grey market premium (GMP). GMP As per the latest trend, the GMP of Hamps Bio IPO was trading at Rs 55, with an
DAM Capital IPO subscription status, GMP price: The IPO was subscribed to a total of 2.10 times. The retail portion was booked more than thrice while the employee section was subscribed 4.26 times, as per NSE’s data. The NII portion was booked 2.44 times. However, the QIBs haven’t shown interest in the issue as of
Indian benchmark equity indices ended lower on Thursday (December 19), dragged down by US-rate sensitive IT stocks. The BSE Sensex closed the day at 79,218.05, down by 964.16 points or 1.20 per cent, while the NSE Nifty ended at 23,951.70, falling by 247.15 points or 1.02 per cent. The Nifty Bank index also finished the
The NACDAC Infrastructure IPO, a BSE SME issue, has caught the attention of investors, especially with a Grey Market Premium (GMP), an unlisted marketplace. NACDAC Infrastructure IPO, a fresh issue of 28.60 lakh shares, is planning to raise Rs 10.01 crores through its book-built issue. The issue opened for bidding on December 17, and is
As the final days of December tick by, the stock market is experiencing a surge of IPO activity this week. Inventurus Knowledge Solutions, after receiving an overwhelming response from investors, successfully listed its shares on the stock exchanges following its IPO, which ran from December 12 to December 17. This mainboard IPO shares debuted with
The GST Council on December 21 again deferred a decision to exempt and cut taxes on health and life insurance premiums. The reason for this is that the ministers’ panel needs more time to reach a consensus on the matter. “Some members said more discussions required. We (GoM) will meet in January again,” Bihar Deputy
By Farooq Wani A commitment to giving back to society with a charitable and compassionate spirit has been at the core of the business model adopted and followed by the Delhi-based Hamdard Laboratories India during its 118 years of existence. Hamdard originates from two Persian words – “Hum”, meaning “companion”, and “Dard” meaning “pain” –
8th Pay Commission: With the Centre ruling out any proposal to set up the 8th Central Pay Commission anytime soon, over 1 crore central government employees and pensioners have expressed their displeasure over the delay in announcing the next pay commission, which, according to them, should start its term from January 1, 2026. Amid this
Signature Global has emerged as the market leader in the Dwarka Expressway region, as per a recent report by Square Yards which pegs the total annual residential new supply along Dwarka Expressway at 10,000 units per annum since 2020, compared to 5,000–7,000 new units launched per annum in the pre-pandemic period. According to Square Yards
Former India cricketer Robin Uthappa may be arrested in connection with an alleged Provident Fund (PF) fraud case. Uthappa, who is the director of Centaurus Lifestyle Brands Private Limited, is accused of deducting PF contributions from employees’ salaries but failing to deposit the funds into their accounts. The cricketer has allegedly defrauded both the employees
