Purple Style Labs files draft papers with Sebi to garner Rs 660 cr via IPO
Purple Style Labs, the parent firm of luxury fashion platform Pernia’s Pop-Up Shop, has filed preliminary papers with capital markets regulator Sebi to raise Rs 660 crore through an initial public offering (IPO).
Rupee hits record low as U.S. tariff, visa policies heap pressure
The Indian Rupee faced a significant drop, hitting a record low. This decline was influenced by concerns over U.S. tariffs and increased H-1B visa fees. Central bank intervention helped to control the losses. The rupee’s performance has been among the weakest in the region this year. Restrictions on services exports could further impact the currency.
Spoilt for choice as 10 IPOs hit D-Street? Analysts pick two winners
Dalal Street sees a crowded day with ten IPOs launching together today. Investors have many options, including Anand Rathi and Seshaasai Technologies. True Colors shows a strong premium. Analysts recommend Solarworld Energy and Seshaasai Tech for long-term investment. These companies combine financial growth with strong business models. Investors should focus on companies with clear growth […]
YES Bank shares rally 10% in 1 month as Sumitomo ups stake. Analysts eye Rs 25, is it a buy?
YES Bank shares are up following Sumitomo Mitsui Banking Corporation’s increased stake. This move boosts investor confidence in the bank’s recovery. Analysts predict the stock could reach Rs 25 soon. YES Bank is planning to enter wealth management and expand branches. The bank reported strong Q1 FY26 results, raising hopes for a credit rating upgrade.
Gold prices hit fresh all-time high of Rs 1,12,419/10 gms. Will Fed’s next move push it past Rs 1,13,000?
Gold October futures hit a record ₹1,12,419/10g on Tuesday, up ₹23,000 from lifetime lows, as safe-haven demand stays strong ahead of the Fed chief’s speech. Silver futures stayed muted at ₹1,33,531/kg after Monday’s sharp rally.
Adani Power shares tumble 6% on profit booking after 35% rally in 3 days
Adani Power shares experienced a decline following profit booking after a significant surge post-stock split and positive brokerage views. Morgan Stanley’s optimistic outlook, projecting substantial growth in capacity and profitability, initially fueled the rally. However, investors cashed in on gains despite SEBI’s clearance of stock manipulation allegations, impacting other Adani Group stocks as well.
ETMarkets Smart Talk| Two more US Fed cuts could trigger FII comeback to Indian equities, says SMC Global’s Ajay Garg
The US Federal Reserve’s rate cut sets the stage for increased FII inflows into Indian equities, driven by strong domestic fundamentals and festive demand. Despite recent selling due to high valuations, further rate cuts and supportive policies may lure investors back. Sectors like automobiles, consumer durables, and metals are expected to outperform, while gold and […]
Millennials & Gen Z to drive majority of home purchases by 2030: Binitha Dalal
India’s real estate market is poised for substantial growth, potentially reaching $5-10 trillion by 2047, fueled by urbanization and rising incomes. Millennials and Gen Z are set to dominate housing demand by 2030, prompting innovation in housing models and technology integration. REITs offer attractive yields, while residential sales remain resilient due to easing interest rates.
Oil little changed as traders assess supply risks
Oil prices remained stable amidst geopolitical tensions in the Middle East and Russia, coupled with concerns over trade tariffs impacting fuel demand. Escalating conflict in Gaza and Ukrainian drone strikes on Russian energy facilities added to market uncertainty. The EU’s planned ban on Russian LNG imports and NATO’s accusations against Russia further influenced the oil […]
Asian markets edge higher after Wall Street rally
Asian stocks experienced a slight increase following Wall Street’s record-breaking rally, fueled by renewed optimism in big tech, particularly Nvidia’s investment in OpenAI. While US equities have risen for three weeks, buoyed by the anticipated Federal Reserve rate cut, investors are advised to remain cautiously optimistic.