Gold dips as dollar firms, Trump’s Powell remarks ease market jitters
Gold prices experienced a slight dip in early Asian trading due to a stronger dollar and easing market concerns after President Trump suggested he wouldn’t dismiss Federal Reserve Chair Jerome Powell. The dollar’s rise made gold more expensive for international buyers. Investors remain wary of potential disruptions to the U.S. financial system. Meanwhile, U.S.
Smartworks Coworking IPO set to debut today. GMP signals mild listing gains
Smartworks Coworking Spaces is set to debut on the stock market on July 17, with an IPO price fixed at Rs 407 per share. Subscribed 13.92 times overall, the IPO sees a grey market premium of around 7%. Despite ongoing losses, the company boasts strong operating performance and aims to use IPO proceeds for debt […]
Multibagger stock with 616% returns goes ex-split tomorrow. Do you own?
Indo Thai Securities shares are attracting attention. The company announced a stock split. The record date is July 18. Today is the last day to buy shares for eligibility. The stock has shown significant growth. It posted 616% returns in the last year. The split aims to make shares accessible. This could lead to further […]
Transrail Lighting stock soars 58% in 3 months driven by strong revenue growth, robust order pipeline
Transrail Lighting’s stock has surged following strong Q1 results, driven by double-digit revenue and profit growth. The EPC company, specializing in power transmission and distribution, benefits from a robust order book and capacity expansion.
Wall Street ends up, after brief downward detour on Powell firing confusion
Wall Street experienced a volatile session Wednesday following reports of a potential dismissal of Federal Reserve Chair Jerome Powell, triggering market fluctuations. Equities recovered after President Trump denied the reports, with the Nasdaq reaching a record high. Economic factors, including inflation concerns tied to tariffs, influenced investor sentiment. While bank earnings were strong, their stock […]
HDFC Bank chief Sashidhar Jagdishan is India’s best-paid banker of FY25
Sashidhar Jagdishan of HDFC Bank became India’s highest-paid banker. His salary exceeded ₹12 crore. Other top bankers like Amitabh Chaudhry, Ashok Vaswani, V Vaidyanathan also earned significant amounts. They received compensation through salary and stock options. RBI closely monitors CEO remuneration. Compensation saw modest increases. Sandeep Bakhshi’s FY25 details are awaited.
QIP March: SBI kicks off Rs 25,000 crore share sale to boost capital base
State Bank of India (SBI) initiated a ₹25,000-crore share sale to institutional investors, marking the largest equity capital raise by an Indian entity since 2015. The indicative offer price ranged from ₹806.75 to ₹831.70 per share, with participation expected from LIC, financial institutions, and international investors.
HDFC Bank to consider first-ever bonus issue and special dividend on July 19
HDFC Bank will hold a board meeting on July 19 to consider its first-ever bonus share issue and a special interim dividend for FY26. The move reflects strong financial performance, with robust Q1 loan and deposit growth, and comes amid a 21% stock rally over the past year.
Are asset managers a safer bet than brokers in India’s capital market?
Amidst regulatory actions impacting exchanges and brokers, money managers suggest asset management companies (AMCs) as a safer investment in India’s capital markets. While broking stocks face potential degrowth, AMCs are expected to benefit from consistent inflows. Selective exposure to banking stocks with AMC subsidiaries is also recommended due to attractive valuations.
Equity fund launches slow down in 2025 amid stock market uncertainty
Following a blockbuster 2024, equity fund launches by mutual funds slowed down in the first half of 2025 due to stock market uncertainty and volatility. Investor appetite waned after many new fund offerings from the previous year experienced losses. The moderation is also attributed to relatively flat equity markets and geopolitical challenges.