Oil Price Today (August 24): Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?
US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impose “the toughest sanctions in history” on Iran. US President Donald Trump has also threatened sanctions against countries trading with Iran.
Tempsens Instrument IPO: GMP soars past 100%, signalling strong listing hopes
Tempsens Instruments IPO grey market premium has surged 100 percent. This marks the first IPO to cross this milestone in nearly two years. The IPO was subscribed nearly 22 times on its second day. Other upcoming IPOs also show strengthening grey market premiums. Investor appetite for new share sales appears to be reviving.
Derivatives get gen Z twist, but losses cast a long shadow: Sebi
Young traders below thirty years of age now make up an impressive forty-three percent of participants engaged in equity derivatives. However, this age group encountered a spike in trading losses in FY26. Moreover, individuals from lower-income categories and smaller towns are on the rise in the trading scene, contributing to significant turnover and losses while […]
Can Symbiotec Pharmalab IPO deliver long-term growth for high-risk investors?
Symbiotec Pharmalab plans a ₹150 crore IPO to repay debt and expand operations. The company holds a global leadership position in corticosteroid and steroidal-hormone APIs. Its revenue primarily comes from international markets, with Europe being a significant contributor. Financials show steady revenue and EBITDA growth over recent years. Investors with a high-risk appetite may consider […]
Global Market Today: Asian stocks dip with AI in focus, oil declines
MSCI’s Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index futures erased earlier losses to edged up, with contracts for the tech-heavy Nasdaq 100 climbing 0.1%.
IPO rush continues: 10 issues to raise over Rs 3,500 crore this week
This week sees the launch of six mainboard IPOs and four from the SME sector, with total fundraising expected to surpass Rs 3,500 crore. Among these, Symbiotec Pharmalab’s IPO stands out as the largest, aiming for substantial investment. The market is buzzing with other companies also set for their stock market introductions, ensuring a robust […]
Hawkish MPC, West Asia conflict cloud rupee, bond yield outlook
In light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for the rupee and bond yields appears uncertain. However, record forex inflows offer a cushion for the central bank, allowing it to manage currency pressures effectively. Analysts expect the rupee to fluctuate between 95.50 and 96.00, with interventions […]
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on power tariff is also being explored.
Sebi turns down Adani-linked FPIs’ settlement applications
The regulator communicated its decision to the FPIs’ representatives last week, the people said, reviving a case that dates back to October 2020, when Sebi’s surveillance systems first flagged the unusual concentration of their holdings. Sebi’s investigation had flagged 13 FPIs. They subsequently sought to settle the case.
Aditya Birla Group taps local lenders for Sprng Energy
Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC Bank are evaluating commitments for the remaining amount, the people said. Aditya Birla has also held discussions with six to seven other domestic lenders, but […]