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Shares of Knack Packaging are set to make their stock market debut on the BSE and NSE on July 8 after the company’s Rs 439.5-crore initial public offering (IPO) received an overwhelming response from investors. Ahead of the listing, the grey market indicates a positive debut. The IPO is currently commanding a Grey Market Premium…
Kusumgar, one of India’s leading engineered synthetic fabric manufacturers, is launching its Rs 650-crore Initial Public Offering (IPO) on July 8, drawing strong investor attention ahead of the subscription opening. The IPO has generated significant excitement in the grey market, where it is currently trading at a Grey Market Premium (GMP) of about Rs 166…
Analysts advise caution after Trent shares crashed around 13% to post the sharpest single-day plunge in more than a year on Tuesday, following the Zudio-parent’s Q1 business update which failed to meet investor expectations. What lies ahead for Trent shares? After the 13% crash, Trent shares have technically slipped below their 20-day EMA, while the…
TOKYO: U.S. oil prices jumped nearly 3% in early trade on Wednesday, extending the previous session’s gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering. The strikes against Iran were in response to Iranian attacks on three commercial vessels that were transiting the Strait…
Mumbai: Pre-IPO placements are making a comeback after a subdued start to 2026, with companies seeking to capitalise on strong institutional demand for upcoming public issues by locking in valuations and bringing in marquee investors ahead of their listings. So far in July, three companies have raised funds before launching their initial public offerings. At…
New York: SpaceX has no shortage of fans on Wall Street, but one analyst stands out among the rest as by far the most bullish: Raymond James‘ Brian Gesuale. Gesuale initiated coverage on the rocket, satellite, and artificial intelligence company Tuesday with a strong buy rating and an $800 price target, the highest among Wall…
Since January 2025, the Rupee has depreciated by ~9%. INR was amongst the weakest currencies in Asia during May 2026 when it weakened to 96.96. The currency has faced headwinds over the last ~2 years: expensive equity valuations, India not being in the AI theme, tariff challenges, uncertainty due to the impact of agentic AI…
Mumbai: Nifty 50 companies are expected to report year-on-year double digit revenue growth for the June 2026 quarter for the second consecutive quarter after a series of single digit growth in the prior six quarters. However, net profit growth is likely to remain in single digit for the third quarter in a row amid compressed…
With less than 30 days left until the July 31 income tax return (ITR) filing deadline, only a fraction of eligible taxpayers have filed their returns so far. While the pace of filing has been much slower than last year, Cleartax CEO Archit Gupta says taxpayers should not assume the due date will be extended…
NEW DELHI: Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by a US magazine BusinessWeek. The BusinessWeek’s latest annual list ‘The Infotech 100’, which ranks the firms on the basis of shareholder…