Solvex Edibles, a UP-based edible oil manufacturer, is launching its IPO on September 22, aiming to raise ₹18.87 crore through a fresh issue of shares priced at ₹72 each. The IPO, closing on September 24, plans to utilize the funds for expansion and debt repayment.
Atlanta Electricals IPO: GMP, brokerages signal positive sentiment. Should you bid?
Atlanta Electricals is set to launch its Rs 687 crore IPO on September 22, with a price band of Rs 718–754 per share. The IPO comprises a fresh issue and an offer-for-sale. Grey market activity indicates healthy demand. Proceeds will be used for debt repayment and working capital.
Ashish Kacholia-backed Ganesh Consumer Products IPO opens for subscription. Should you apply?
Ganesh Consumer Products will launch its IPO on September 22. The IPO consists of a fresh issue and an offer for sale. The price band is Rs 306-322 per share. Ashish Kacholia-backed Bengal Finance invested in the anchor round. The company will use the funds to repay debt and expand facilities. Anand Rathi Research recommends subscribing for the long term.
F&O Talk | Nifty heading towards 26k? Crucial breakout may boost sentiment: Sudeep Shah
Indian equities marked a third consecutive week of gains, fueled by optimism surrounding India-US trade talks and expectations of a US Federal Reserve rate cut. Analyst Sudeep Shah anticipates a brief market pause before a potential rally towards 25,750-26,000 for the Nifty. Bank Nifty also showed strength, with key levels to watch at 55,000-56,000.
Too much weight on too few stocks? Gurmeet Chadha suggests broader metrics for index composition
Concerns are rising over the weighting methodology of Indian indices like Nifty and Bank Nifty, with experts suggesting a re-evaluation. Gurmeet Chadha proposes incorporating GDP representation alongside free-float market cap. He highlighted that HDFC and ICICI constitute a significant portion of Bank Nifty.
What’s behind Warren Buffett’s car philosophy? Here’s why the billionaire refuses to buy a new one
Warren Buffett, known for his value investing, still drives his 2014 Cadillac XTS at 94. Despite his wealth, Buffett prioritizes utility over luxury, valuing his time more than a new car. He avoids the time-consuming process of car shopping, emphasizing quality and longevity.
Wall Street closes higher with indexes notching weekly gains
Wall Street’s main indexes closed higher on Friday, securing a weekly gain fueled by FedEx’s strong earnings and positive sentiment in the technology sector. Optimism surrounding AI-linked stocks and the Fed’s anticipated rate cuts further boosted the market. However, concerns arose from a blocked funding bill and Lennar’s disappointing forecast, adding a layer of caution to the overall positive trend.
India’s forex reserves cross $700-billion mark
India’s foreign exchange reserves have surpassed $700 billion, reaching $702.966 billion after a $4.698 billion increase in the week ending September 12, according to RBI data. These reserves provide import cover for approximately 11.5 months.
AIFs may soon need to report value of units to depositories
SEBI has proposed that Alternative Investment Funds (AIFs) should report the value of their units to depositories. This move aims to leverage the depository infrastructure, requiring AIFs to maintain updated Net Asset Value (NAV) of units issued to investors. The NAV of all units must be uploaded within 15 days of investment portfolio valuation.
Saatvik Green Energy IPO available at attractive valuation; GMP at 15%. Should you subscribe?
Saatvik Green Energy launches its Rs 900 crore IPO this Friday. The IPO will remain open until September 23. Allotment is expected on September 24, with listing on September 26. The company manufactures solar PV modules and provides EPC services. It plans to use the IPO proceeds to fund expansion and repay borrowings.