Mumbai: The rupee weakened by 20 paise to 95.95 against the US dollar in early trade on Monday, pressured by a stronger greenback, rising and continued foreign fund outflows. Rupee Gives Up Friday’s Gains At the interbank foreign exchange market, the Indian currency opened at 95.89 per dollar before slipping to 95.95. It had gained … Read more
Shares of National Stock Exchange of India (NSE) declined nearly 2% on Monday, slipping below the IPO issue price of ₹1,785 during intraday trading on the BSE amid weakness in the broader market. NSE shares touched ₹1,761, around 6% below their post-listing high of ₹1,878 recorded last week. At 11 AM, the stock was trading … Read more
Axis Bank is set to increase campus hiring to nearly 12,500 employees in FY27 as the private sector lender restructures its workforce to align with changing skill requirements and greater adoption of artificial intelligence (AI), Business Standard reported. According to the report, Rajkamal Vempati, Group Head of Human Resources at Axis Bank, said the lender … Read more
Mumbai: Papadmalji Agro Foods will open its ₹20.18 crore initial public offering (IPO) for subscription on September 29. The Bikaner-based food manufacturer has set a price band of ₹69–₹72 per share for the issue, which closes on October 1. The comprises a fresh issue of 25.73 lakh shares worth up to ₹18.52 crore and an … Read more
Mumbai: and Functional & Innovative Foods have received Sebi’s observations on their draft offer documents, allowing the three companies to advance their proposed initial public offerings (IPOs). The capital markets regulator issued its observations between September 21 and 25, according to an update released on Monday. The clearance is a key step in the IPO … Read more
Mumbai: Cloud communications company Dove Soft Limited will launch its ₹73.26 crore initial public offering (IPO) on September 30. The BSE SME issue has a price band of ₹104–₹111 per share and will remain open until October 5. The IPO comprises 66 lakh shares: a fresh issue of 53.28 lakh shares worth up to ₹59.14 … Read more
India’s shift towards renewable power is expected to create a major requirement for energy storage, with over Rs 4 lakh crore of storage-related investment estimated to be needed by FY32, according to CareEdge Ratings. The report said India’s power sector is moving from a challenge of adding generation capacity to a new challenge of integrating … Read more
Stocks priced below Rs 5, Rs 8, or Rs 10 often attract retail investors as their low prices allow investors to purchase a large number of shares with minimal capital, offering the potential for exponential returns if the stock rallies. However, investing in such stocks comes with significant risk. A low-priced stock does not automatically … Read more
Pioneer Fil-Med, Tonbo Imaging India and Functional & Innovative Foods have secured approval from the capital markets regulator SEBI for their proposed initial public offerings (IPOs), paving the way for the three companies to proceed with their public issue plans. The draft offer documents of the three companies were received by SEBI between April and … Read more
A Gadag government school headmaster and his two software engineer sons donated uniforms, ties and belts worth ₹30,000 to students of Government Higher Primary School in Hosahalli village. Education officials appreciated the gesture. In a thoughtful gesture aimed at supporting government school students, Government Higher Primary School headmaster S.M. Adi and his two sons donated … Read more