Auto Added by WPeMatico
Lohia Corp is all set to launch its initial public offering (IPO) next week, with the maiden public issue of the manufacturer of machinery used in the production of technical textiles opening for public bidding on July 23. Investors can submit bids till July 27. The issue entirely comprises an offer for sale (OFS) of…
Once upon a time a serious engineer looking at the map of Europe and Africa thought: what if the sea between them was just not there anymore? That was no science fiction.” It was a genuine engineering proposal, Atlantropa, drafted by a Munich architect called Herman Sörgel, and for nearly three decades it had governments,…
RBL Bank reported a 27% year-on-year (YoY) rise in standalone net profit to Rs 254 crore for Q1 FY27. The lender’s management said the recent majority stake acquisition by Emirates NBD has significantly expanded the bank’s growth opportunities. The company’s net interest income, which is the difference between interest earned and interest expenses, jumped 12%…
Bitcoin hovered near the $64,000 mark on Saturday after slipping below $63,000 as an AI-led selloff weighed on crypto markets. The cryptocurrency was seen trading at $63,969 around 2 PM IST. Over the past 24 hours, Bitcoin gained 1.77%, while Ethereum rose 0.93% to trade at $1,843. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin,…
Mutual funds bought five midcap stocks, including Lenskart, Meesho, JSW Infrastructure, NHPC and Ajanta Pharma, in June. These stocks witnessed net purchases worth over Rs 10,000 crore during the month.
Gold rose on Friday butwas on track for its biggest weekly loss in six as escalating U.S.-Iran tensions drove energy prices higher, fuelling inflation fears and reinforcing expectations of U.S. interest rate hikes. Spot gold was up 1% at $4,011.29 per ounce by 2:20 p.m. EDT (1820 GMT). Prices touched their lowest level since June…
Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures settled $3.87, or 4.59%, higher…
Copper, often called the “metal of electrification,” has emerged as one of the most strategically important commodities in the global economy. Once viewed mainly as a basic industrial metal, copper is now at the center of the world’s transition toward clean energy, electrification and digital infrastructure. The sharp rise in copper prices in recent years…
The growing role of artificial intelligence (AI), alternative data and Specialised Investment Funds (SIFs) in India’s investment landscape took centre stage at the sixth edition of the Indian Institutional Quant Conference (IIQC), organised by the Lambda Quantitative Strategies Association (LAQSA). The day-long conference, held on July 17 at the Taj City Centre in Gurugram, brought…
Samir Arora-backed Helios Mid Cap Fund added Billionbrains Garage Ventures (Groww) and four other stocks as new entrants to its June portfolio, while increasing its stake in Paytm and 29 other stocks during the month. The new additions were Billionbrains Garage Ventures, Aditya Vision, Page Industries, Hindustan Petroleum Corporation and Bharat Heavy Electricals. Among them,…