The Indian rupee remains under pressure as elevated crude prices increase demand for dollars and concerns over the Middle East add to global risk aversion. The currency has been trading close to record-low levels against the US dollar.
The Indian rupee remains under pressure as elevated crude prices increase demand for dollars and concerns over the Middle East add to global risk aversion. The currency has been trading close to record-low levels against the US dollar.
Axiom Gas Engineering is set to launch its SME IPO from September 18 to September 22. The issue size is around Rs.49.81 crore, with the price band fixed at Rs.50–53 per share. The company is proposed to list on the NSE SME platform.
Ceigall India has reported an order book of around Rs.5,300 crore, strengthening its project visibility across infrastructure and transmission-related activities.
The much-awaited National Stock Exchange of India Ltd. (NSE) IPO is scheduled to open for subscription on September 17 and close on September 21. The price band has been fixed at Rs.1,700–1,785 per share, with the offer comprising an Offer for Sale by existing shareholders.
Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.
BRICS leaders are seeking deeper economic cooperation as the group expands its role in global trade and investment. Chinese President Xi Jinping proposed initiatives covering artificial intelligence, trade and economic cooperation at the BRICS summit.
GRT Jewellers has announced an agreement to acquire a controlling stake in Tribhovandas Bhimji Zaveri (TBZ) for up to Rs.1,033.71 crore.
Technology stocks faced renewed pressure as investors reassessed the risks and valuations surrounding artificial intelligence. SoftBank shares fell sharply after concerns raised by AI leaders over the safety and long-term implications of rapidly advancing AI systems.
Hero Motors is set to enter the primary market this week, with its IPO scheduled to open on September 16 and close on September 18. The company is seeking to raise around Rs.1,000 crore through the issue.
VA Tech Wabag has received an order valued between Rs.100 crore and Rs.250 crore from Reliance Industries. The contract relates to advanced industrial water treatment requirements and adds to Wabag’s order pipeline in the industrial water segment.
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