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Dollar index seen inching back above 99 mark
The dollar index is seen reclaiming back 99 mark on Tuesday, supported by safe-haven demand as the US moved to cut Iran off from the global financial system. Treasury Secretary Scott Bessent announced plans on Monday to isolate Iran through sanctions targeting countries doing business with the Islamic Republic. Meanwhile, the Treasury Department announced an expansion of its buyback program for long-dated government debt in an effort to contain rising borrowing costs, limiting upside in the DXY. Markets now look forward to the release of the US Personal Consumption Expenditures (PCE) Price Index on Wednesday. Fed Chair Kevin Warshs keynote address at the annual Jackson Hole Symposium on Friday will also be scrutinized for more interest rate cues, which will influence the USD. Among basket currencies, EUR/USD and GBP/USD are both edging lower, in line with gains in dollar and quoting at $1.1666 and $1.3525 respectively.
Pure Flour from Europe to Spotlight Quality, Performance and Versatility at Anuga Select India 2026
Mumbai (Maharashtra) [India], August 25: As India's baking, foodservice and processed food sectors continue to evolve, consistency, performance and ingredient quality are becoming increasingly important considerations for professional users.
Sensex slides 124 pts; IT shares tumble
At 11:30 IST, the barometer index, the S&P BSE Sensex, declined 124.30 points or 0.16% to 77,244.81. The Nifty 50 index lost 66.90 points or 0.28% to 24,152.15.
Suzlon bags 250 MW wind energy order from Torrent Green Energy
This being sixth order from Torrent, it takes the cumulative partnership between the two companies to over 1.3 GW across three key states - Gujarat, Karnataka, and Madhya Pradesh
From binge to buzz: why OTT is spacing out episodes again
OTT platforms are breaking the binge, one episode at a time. Staggered drops are helping shows build momentum, sustain conversations and drive higher cumulative viewership and retention.
MSE: Building the capital markets of a Viksit Bharat
India's capital market is on the brink of a transformative shift as more investors engage actively. The Metropolitan Stock Exchange (MSE) is dedicated to cultivating a resilient financial framework, improving accessibility, and mitigating costs for emerging investors throughout the nation. With a versatile platform powered by advanced technology, this initiative aspires to broaden wealth generation opportunities and contribute to the countrys overall prosperity.
INR edges lower amid renewed geopolitical uncertainty that is keeping oil prices elevated
The Indian rupee edged against the American currency in early trade on Tuesday, as elevated crude prices and importer dollar demand weighed on the currency. The RBI's continued intervention through state-run banks helped prevent a sharper decline, keeping USD/INR in a narrow range despite weakness in Asian equities and renewed geopolitical uncertainty around Iran. INR opened at Rs 95.74 per dollar but recovered to a high of 95.69 so far during the day. Yesterday, the counter ended at 95.70. Local shares opened lower on Tuesday, extending losses from the previous session after U.S. Treasury Secretary Scott Bessent announced a wave of new sanctions to isolate the Iranian regime and warned that countries and companies that help Iran move or hide money could face U.S. actions and potentially lose access to the U.S. dollar system. The BSE SENSEX is trading down by 234.41 points (0.30%) at 77,134.70, while the NSE NIFTY 50 has dropped 97.60 points (0.40%) to 24,121.45.
GoI announces the sale of one dated security for a notified amount of 34,000 crore
The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) 6.94% GS 2036 for a notified amount of Rs 34,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on August 28, 2026 (Friday). GoI will have the option to retain additional subscription up to 2,000 crore against the security.
Are BSE, NSE closed on August 26 for Eid-e-Milad? Check full market holiday dates list
The Indian stock market will remain open on August 26 despite Eid-e-Milad, with the BSE and NSE observing only a settlement holiday. Trading will continue as usual, while clearing and settlement activities will remain suspended. MCX and NCDEX will also operate normally. The next market holiday is September 14 for Ganesh Chaturthi.
Netweb Technologies shares fall 4% after raising Rs 1,200 crore through QIP
Netweb Technologies shares fell nearly 4% after the company completed its Rs 1,200 crore Qualified Institutions Placement (QIP), its first equity capital raise since listing in July 2023. The issue drew strong participation from global and domestic institutional investors, including Nomura, Goldman Sachs Asset Management and several mutual funds. The company will use the proceeds to meet working capital needs and support anticipated growth in its order book.
Larsen & Toubro's renewables business bags major BESS order
Larsen & Toubro announced that its renewables business vertical has secured a major order to develop three Battery Energy Storage System (BESS) projects for a prominent client in the Middle East.
US stocks mixed, Nasdaq falls to three week low
The US stocks ended mixed on Monday as a sharp sell-off in semiconductor equities weighed on the technology sector, while investors digested new US economic sanctions announced against Iran and fresh trade tariff warnings against Canada.
From IPO mockery to Rs 1 lakh crore m-cap: Why investors are still betting on Lenskarts vision
Lenskarts IPO valuation drew sharp criticism from investors, with its 230x P/E and 10.5x sales multiples sparking comparisons with expensive listings such as Mamaearth, Paytm and Nykaa. Retail investors mocked the Rs 70,000-crore valuation on social media, questioning whether the eyewear company offered enough upside. Less than a year later, the debate over Lenskarts valuation has taken a new turn.
TCS-Porsche deal: Why Morgan Stanley, Citi, other brokerages still see up to 20% downside potential
TCS shares rose after the IT major signed a five-year 1.25 billion deal with Porsche AG and agreed to acquire its IT arm, MHP, for 320 million in an all-cash transaction. The acquisition, expected to close in 34 months, will deepen TCS relationship with Porsche and strengthen its AI transformation push, while expanding its presence among European automotive and industrial clients.
Nexedge Capital raises $20 million to expand wealth management platform
The firm will use the capital to strengthen technology, grow its senior banker network, expand into Tier-II and Tier-III cities, and build NRI and NBFC offerings
FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here's why
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia crisis. Fertilisers and Chemicals Travancore (FACT), Rashtriya Chemicals and Fertilisers (RCF), Paradeep Phosphates and Chambal Fertilisers & Chemicals gained as investors assessed the potential boost from assured supplies.
Nifty below 24,150; metal shares lose sheen
At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 231.23 points or 0.30% to 77,137.88. The Nifty 50 index lost 94.80 points or 0.39% to 24,119.60.
Sudarshan Chemical inks pact to acquire manufacturing unit from Swiss company Clariant
Sudarshan Chemical Industries said that its Sudarshan Switzerland SLO AG has signed a definitive asset sale and transfer agreement with Clariant Additives (Switzerland) AG to acquire its aluminium dyes and chemicals manufacturing plant in Muttenz.
Sunshine Pictures gains on market debut
Shares of Sunshine Pictures were currently trading at Rs 379.45 at 10:15 IST on the BSE, representing a premium of 5.40% as compared with the issue price of Rs 360.
Shankesh Jewellers rises on debut
Shares of Shankesh Jewellers were currently trading at Rs 100 at 10:15 IST on the BSE, representing a premium of 7.53% as compared with the issue price of Rs 93.
Va Tech Wabag inks contract for Doha SWRO Desalination Plant
Larsen & Toubro secures BESS projects in the Middle East
The Renewables business vertical of Larsen & Toubro (L&T)has won a major order to develop three Battery Energy Storage System (BESS) projects for a notable client in the Middle East. In addition to the storage facilities, the scope of the packages also involves grid interconnections, including pooling substations and underground cables. The three projects will collectively contribute to 6 gigawatt-hour of storage capacity, marking one of the most impactful advancements in grid modernisation and renewable energy integration across the Middle East region. According to the company's project classification, the value of the order ranges between Rs 5,000 crore to Rs 10,000 crore.
Pine Labs, Delhivery among 10 stocks that saw sharpest decline in FII holding in Q1. Check full list
Heres a look at the 10 stocks that witnessed the biggest drop in FII holding during the quarter.
Puravankara gains after inking JDA for land parcel in South-East Bengaluru
Puravankara added 1.52% to Rs 217.60 said that it has entered into a joint development agreement (JDA) for a 7.83-acre land parcel in South-East Bengaluru, with an estimated gross development value (GDV) of Rs 1,100 crore.
ESDS Software's Rs 720-cr IPO to open on Aug 28; sets price band at Rs 408-429
ESDS Software Solution Ltd has set the price range for its initial public offering, valued at Rs 720 crore. The IPO is set to open for public subscriptions starting August 28, while anchor investors get a chance to bid on August 27. Subscriptions will conclude on September 1, and the funds raised will be allocated for data center equipment and other corporate needs.
Afcons Infrastructure shares rally 4% after receiving Rs 335.5 crore arbitration award
Afcons Infrastructure shares gained 4.40% after the company received a favourable arbitral award of Rs 335.50 crore from a tribunal in its dispute with Uttar Pradesh Expressways Industrial Development Authority. The award comprises Rs 152.25 crore in principal and Rs 183.25 crore in interest, potentially providing a positive financial impact for the company.
Ceigall India shares rise 4% after winning Rs 705 crore Arunachal Pradesh Frontier Highway project
Ceigall India shares rose 4% after securing a 704.7 crore MoRTH contract for the Frontier Highway in Arunachal Pradesh. The EPC project, awarded jointly with Sushee Infra & Mining, includes 48 months of construction and five years of maintenance. The order strengthens Ceigalls road infrastructure portfolio and regional presence.
VA Tech Wabag rises after signing deal for 'mega' SWRO desalination project in Doha
VA Tech Wabag added 1.19% to Rs 2025.95 after the company announced the signing of a 'mega' contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait.
Suzlon Energy secures 250 MW wind order from Torrent Green Energy
Cumulative orders from Torrent Group surpass 1.3 GW
Fall of market leaders! How 6 Nifty giants trapped investors with negative returns for 5 years
Over the past five years, six prominent Nifty companies have reported negative returns. Tata Consultancy Services and Infosys struggle under the strain of evolving IT service landscapes. Hindustan Unilever has seen a dip in stock value driven by weak rural demand and intensified competition. Meanwhile, HDFC Life Insurance is grappling with slower growth and profitability challenges, and both Asian Paints and HDFC Bank have also faced considerable declines.
UPI completes 10 years: PM Modi calls it a major turning point for Indias digital payments
Prime Minister Narendra Modi on Tuesday termed the Unified Payments Interface (UPI) a major turning point in the country's digital payments journey, as the interface completed 10 years since its launch.
Nifty trade below 24,200 in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 22.17 points or 0.03% to 77,348.29. The Nifty 50 index lost 34.20 points or 0.15% to 24,183.10.
PVR Inox rises as board to mull share buyback on 31 August
PVR Inox rose 1.47% to Rs 1,249.90 after the company said its board will meet on 31 August 2026 to consider a proposal for buyback of equity shares.
GE Shipping rises as board to mull buyback proposal
Great Eastern Shipping (GE) jumped 3.31% to Rs 1,373 after the company announced that its board will meet on Thursday, 27 August 2026, to consider a proposal for the buyback of fully paid-up equity shares.
Biocon's biologics arm gets regulatory nod in Japan for Pegfilgrastim biosimilar
Biocon said that its wholly-owned subsidiary Biocon Biologics has received marketing approval for its pegfilgrastim biosimilar from Japan's Ministry of Health, Labour and Welfare (MHLW).
GE Vernova T&D India Ltd Slips 1.79%
GE Vernova T&D India Ltd has lost 1.12% over last one month compared to 2.75% fall in BSE Power index and 1.62% rise in the SENSEX
Brigade Enterprises Ltd Spikes 0.31%
Brigade Enterprises Ltd has added 25% over last one month compared to 4.31% gain in BSE Realty index and 1.62% rise in the SENSEX
India house price index rises 1.1% in Q1 on sequential basis: RBI
The All India House Price Index (HPI) increased by 1.1 per cent during April-June FY27 as compared to the previous quarter, primarily driven by an increase in the index for cities such as Chandigarh, Lucknow, and Thiruvananthapuram, according to RBI data released on Monday. The HPI registered an annual growth of 3.6 per cent in Q1:2026-27, same as in the corresponding quarter of the previous year, mainly contributed by cities such as Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram, the Reserve Bank of India (RBI) said. The RBI compiles the HPI on a quarterly basis using transaction-level data received from the registration authorities.
L&T wins 5,000-10,000 crore 'major' order to build 3 battery storage projects in Middle East
With the recent acquisition of a major contract for three battery energy storage ventures, Larsen & Toubro is poised for expansion. This initiative will provide a total of six gigawatt-hours in storage capacity. The projects also involve the construction of crucial grid connectivity infrastructure that ensures each system provides four-hour battery storage, thereby enhancing grid stability and facilitating greater integration of renewable energy solutions in the area.
PVR Inox shares rallied over 4% after announcing its board will consider the multiplex operators first-ever share buyback on August 31. The stock touched a fresh 52-week high, gaining strongly in recent weeks. Investors will watch the buyback price, route, record date and promoter participation for further cues.
Hy-Tech Engineers IPO Day 2: GMP soars 57%, subscription reaches 7.74x. Should you subscribe?
The Hy-Tech Engineers IPO entered its second day of bidding after receiving 7.74 times subscription on Day 1, led by strong retail and non-institutional demand. With a grey market premium of Rs 30, indicating a potential 57% listing gain, the Rs 135.73-crore issue has attracted bullish investor interest.
Indian equities extended losses on Tuesday, with Sensex falling 200 points to below 77,150 and Nifty declining 83 points to 24,136. Broader markets also weakened, with Midcap and Smallcap indices down up to 0.5%. Sentiment remained cautious despite stable oil prices after the US imposed tougher secondary sanctions on Iran.
Sumax Engineering SME IPO opens today; GMP signals 32% listing gain
The Sumax Engineering IPO opened for subscription on August 25, 2026, on the NSE SME platform and will remain open until August 28. With a grey market premium of Rs 32, the issue indicates a potential 32% listing gain.
Symbiotec Pharmalab IPO Day 2: GMP signals 34% upside Should you subscribe?
Symbiotec Pharmalab IPO enters its second day with 80% subscription and a 34% GMP, indicating strong listing expectations. The Rs 1,757 crore issue offers specialised API and biotechnology exposure, while proceeds will reduce debt. However, premium valuations and moderate return ratios warrant careful consideration despite strong investor interest.
Tempsens Instruments allotment today; GMP signals 105% listing gains. Heres how to check your status
Tempsens Instruments IPO allotment is expected on August 25 after the Rs 650-crore issue was subscribed 184.07 times. Investors can check their allotment status through the registrars website, NSE or BSE. With the IPOs GMP indicating a potential 105% premium, the stock is expected to attract strong interest ahead of its August 28 listing.
Dixon Technologies among 4 F&O stocks with sharp OI jump
A significant uptick in futures open interest indicates a substantial increase in the number of active, unexpired futures contracts in a particular security.
Eicher Motors Share Price Live Updates: Eicher Motors Stock Details
IndusInd Bank Share Price Live Updates: IndusInd Bank Stock Details
Stock Alert: TCS, ICICI Bank, Hindstan Copper, Afcons Infra, UCO Bank
SunShine Pictures will list today on the stock exchanges. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 342 and 360 per share. The offer received bids for 58.04 crore shares as against 54.86 lakh shares on offer. The issue was subscribed 105.81 times.
Gujarat Inject (Kerala) announces strategic partnership with England-based Storenergy
To jointly explore opportunities in Renewable Energy Storage Technology (REST) space in India
Biocon Biologic receives Japanese regulatory approval for pegfilgrastim biosimilar
Biocon Biologics, a wholly-owned subsidiary of Biocon, received marketing approval for its pegfilgrastim biosimilar (Product) from Japan's Ministry of Health, Labour and Welfare (MHLW).
Capital Numbers Infotech acquires New-Jersey based Epitome Cloud Inc.
Capital Numbers Infotech has completed the acquisition of 100% of Epitome Cloud Inc., a New Jersey headquartered Salesforce and enterprise transformation company with an established presence in the US market, in a transaction valued at Rs 40 crore.
GIFT Nifty signals mildly positive start; global cues, Iran sanctions in focus
GIFT Nifty:
Annu Projects IPO opens today: Check GMP, price band, and key dates. Should you subscribe?
Annu Projects Rs 175.06 crore IPO opens today, with bidding until August 28. The issue has a zero GMP despite strong FY26 growth in income and profit. Proceeds will fund machinery and working capital. Anand Rathi has given a Subscribe Long Term rating, though valuations appear fully priced at the upper band.
Japan plans tax break to shake up low-return businesses
Japan's government is considering tax breaks on non-core business sales. This move aims to accelerate corporate restructuring and industry consolidation efforts. The plan would defer corporate tax on sale gains if proceeds are reinvested. This initiative is modeled on Germany's successful tax reforms from the early 2000s. Such changes could boost already active merger and acquisition deal activity in Japan.
Augmont Enterprises IPO Day 3: GMP at 42%, issue subscribed 14.46x. Should you apply?
Today marks the end of bidding for Augmont Enterprises' IPO, which has attracted considerable interest from investors. The grey market premium forecasts promising gains upon listing. Retail and non-institutional subscriptions have been impressive. The anticipated proceeds will support working capital and other general needs, with the companys stock expected to debut on NSE and BSE on August 31, 2026.
Ambani weighs aluminium foray, setting up potential Adani showdown
The move comes as billionaire Gautam Adanis group marks its entry in the aluminium sector. In June, Adani Enterprises announced plans to invest about $11.5 billion to develop a 2 million tonnes per annum aluminium project in Odisha in partnership with UAEs International Holding Company.
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's Price Movement Signals EMA Break
Hindustan Copper shares fall 6% as govt opens OFS at 10% discount
The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the offer is met with high demand, an extra 3% may be available.
Zelenskyy honours Ukrainian soldiers in Kyiv as Ukraine marks 35th Independence Day celebrations
Trump puts $827,000 MAGA money behind Lindsey Grahams sister Darline in tense Senate runoff
In the fight for the South Carolina Republican Senate nomination, Senator Darline Graham has secured major support from MAGA Inc., while Representative Ralph Norman intensifies his campaign efforts. Norman voices his worries regarding the role of super PACs in shaping elections. With rallies and endorsements from President Donald Trump on her side, the winner of this runoff will square off against Annie Andrews, the Democratic candidate, in November.
Closing Auction System braces for its first monthly expiry test
Indias derivatives market is set for its first monthly expiry under the new auction-based closing price system, marking a crucial test for the mechanism after concerns over sharp price swings and alleged manipulation. Introduced on August 3, the system has so far handled regular sessions and a weekly expiry. Tuesdays monthly expiry will bring stock futures and options into play.
RIL Share Price Live Updates: RIL's Recent Trading Insights
Divis Labs Share Price Live Updates: Divis Labs Stock Update
GPT Infra subsidiary emerges L1 bidder for Rs 97-cr railway contract
GPT Infraprojects announced that its subsidiary, Alcon Builders and Engineers, has been declared the lowest (L1) bidder by Northeast Frontier Railway, Maligaon, Guwahati, for a railway signalling project valued at Rs 97.31 crore.
Bajaj Finance Share Price Live Updates: Bajaj Finance Sees Strong Trading Activity
HCL Tech Share Price Live Updates: HCL Tech's Price Falls Below EMA Threshold
M&M Share Price Live Updates: M&M's Stock Shows Signs of Weakness
Brokerages remain bullish on a set of stocks across sectors, with strong upside potential seen in Tata Consumer Products, Hexaware Technologies, Welspun Corp, Navin Fluorine International and Urban Company.
ICICI Bank Share Price Live Updates: ICICI Bank Volume Analysis
Sunshine Pictures shares set for debut today; GMP signals 14% listing gains
The IPO, which was open for subscription between August 18 and August 20, received a blockbuster response from investors, with the issue subscribed 105.81 times overall.
Today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Wednesday, making them eligible for the stock split.
Vishal Mega Mart among 4 stocks showing bullish RSI upswing
On August 24, four Nifty500 stocks that gained 4% were identified using the RSI Trending Up scan, based on data from StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from below, indicating strengthening price momentum and potential upward movement in the stocks.
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty500 pack, eight stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on August 24, 2026, according to stockedge.com's technical scan data. Traders use the 200-day daily moving average (DMA) as a key indicator to determine the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
Zoho CEO Sridhar Vembu explains why disciplined initiative is a corporate myth Worst of both worlds
Vembu warned that trying to mandate a highly disciplined culture of seizing the initiative is a guaranteed strategic misstep.
Indian stock markets deliver negative returns for two years, worst since 2012, ET analysis reveals
Indian stock markets have disappointed investors with negative returns over two years. The Sensex has shown its worst two-year performance since 2012. Indices have not struck a new all-time high for 697 days. This extended period marks a significant downturn for market performance. Investors are facing a challenging and prolonged market slump.
Mahindra launches BLAZO i-TRK heavy truck with AI-enabled automatic drive mode
The new heavy commercial vehicle combines artificial intelligence with a powerful engine, targeting improved fuel savings and operational efficiency for fleet operators.
Renewable energy project deadlines extended up to four months due to West Asia disruptions
Renewable energy projects may receive up to four-month deadline extensions. This relief applies to delays caused by West Asia situation disruptions. Agencies can allow extensions without penalties for eligible projects. The provision covers delays occurring on or after February 28, 2026. This move addresses potential disruptions to contract execution for goods and services.
Indias weight in global emerging-market ETFs rises again
India's weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance. India's stable market has increased its weight in underlying indices compared to others. South Korea and Taiwan have seen declines amid valuation concerns and market pressures. This shift reflects relative country performance within these broad investment funds.
Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses
Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max Financial founder Analjit Singh and executives. Sebi investigated transactions between Max Financial, Max Life, and Axis entities. The regulator found no evidence of a fraudulent scheme benefiting Axis.
India Incs equity fundraising surges past Rs 1.11 lakh crore on strong inflows in July-August
IPO activity remained particularly strong, garnering more than 40% of the funds raised. So far this month, 20 companies have collected more than
Pristyn Care scales back two bets as it refocuses on hospitals
Pristyn Care is demerging BeatXP and scaling back MedX as it shifts resources towards its own hospitals and seeks to improve cash flows.
A $10 billion financial knot awaits Chandrasekarans successor
Capital allocation, management bandwidth and attention across new-age and listed businesses will put the next Tata group chairpersons leadership to the test.
Nexedge Capital raises $20 mn from Mirae Asset and Elev8 Venture Partners
Launched in February 2025, Nexedge has been among the fastest-growing wealth-management platforms, scaling to more than $3 billion in assets under management within 18 months across over 1,300 clients. It has onboarded more than 95 senior bankers, with another 50-60 expected to join in 2026.
Stocks in news: TCS, ICICI Bank, Hindustan Copper and Piramal Finance
The Indian equity markets experienced a downturn today, with the Nifty50 index finishing slightly above 24,200. Traders brace for heightened volatility amidst forthcoming US sanctions and the impending expiry of monthly futures and options. Key companies, such as Hindustan Copper and Tata Consultancy Services, are capturing market attention due to notable corporate news.
D-Street braces for weak opening on negative GIFT Nifty cues
Domestic equities closed mixed on Monday as the Nifty saw a slight decline. Global cues and geopolitical tensions are expected to keep Indian markets subdued. The US Treasury's bond buyback program weakened the dollar and supported precious metals. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares. The Indian rupee pared initial gains, settling lower against the US dollar.
Verlinvest, founder family lap up more of Epigamia, Sauce enters cap table
Epigamias investors are reshuffling its cap table through a $20 million secondary deal, with Verlinvest and the Mirchandani family raising their stakes and Sauce coming on board, as the profitable dairy and snacking startup aims to double its business every 24-30 months.
State-run banks propose priority sector lending norms for EVs, clean energy
The proposals include specific lending limits of up to 2 lakh for electric two-wheelers and 20 lakh for electric four-wheelers for personal use. They also propose limits of 25 crore for charging and battery-swapping infrastructure, and 50 crore for commercial electric-vehicle fleet operators.
Urban Company turns to luxury brands to premiumize beauty business
It has partnered with the premium Spanish cosmeceutical and skincare brand Casmara, the French skincare and cosmetics brand Remy Laure, the professional skincare brand 03, and the premium Indian body and skincare brand Mintree.
