Scoda Tubes IPO: The initial public offering (IPO) of Scoda Tubes Limited hit the Indian primary market on Wednesday. The public issue will remain open until 30 May 2025. So, Scoda Tubes IPO will remain open from Wednesday to Friday this week. The company has fixed the Scoda Tubes IPO price band at ₹130 to…
Global brokerage firm Jefferies has turned positive on India’s steel sector, citing strong volume growth prospects and improving profitability. In its latest note on metals and mining, the broking firm said India steel companies are expected to deliver a strong 8-10% volume CAGR over FY25-27E with safeguard duty aiding profitability. While China’s CY24 exports of…
Officials from the Federal Reserve indicated during their most recent meeting that they might encounter “difficult trade-offs” in the upcoming months, with rising inflation occurring alongside increasing unemployment. This perspective was supported by projections from Fed staff that highlighted heightened risks of a recession, as revealed in the newly released Minutes from the May 6-7…
India’s industrial production dips to an 8-month low of 2.7% in April Moneycontrol India’s industrial output growth slows to 2.7% in April as against revised 3.9% in March The Economic Times India’s industrial production growth drops to 2.7% in April 2025 financialexpress.com April 2025 IIP dips to 8-month low at 2.7%, manufacturing grows 3.4% Business Standard India’s industrial output…
Indian low-cost airline operator, InterGlobe Aviation (IndiGo) shares will be in focus of stock market investors tomorrow, Wednesday, 27 May 2025, after the Customs authorities imposed penalties worth over ₹2.76 crore on the aviation company. According to the filing data, the Principal Commissioner of Customs, Ahmedabad, Gujarat, has imposed a penalty of ₹2.2 crore on…
Gold price firmly dips below $3,300 on Tuesday, unable to find quick support. Improving market sentiment due to US-EU trade talk efforts sees safe-haven demand fade. The Greenback meanwhile is rolling through markets and is acting as headwind after Japan considers reducing its debt issuances. Gold (XAU/USD) price is trading near $3,290 at the time…
Market analysts anticipate continued upward momentum in Indian markets. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Tuesday. While Nifty50 went below 24,750, BSE Sensex was trading below 81,400. At 10:16 AM, Nifty50 was trading at 24,754.95, down 246 points or 0.98%. BSE Sensex was…
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for…
European aviation major Airbus and Tata Advanced Systems (TASL), the aerospace arm of the Tata group, will set up the Final Assembly Line (FAL) for the H125 helicopters for the Indian Air Force (IAF) in Kolar, Karnataka, people aware of the development said. The facility is India’s first privately-led helicopter assembly facility and is a…
The National Stock Exchange of India Ltd. is said to be offering a record amount of about 10 billion rupees ($118 million) to settle a longstanding dispute with the country’s market regulator, according to a person involved in the discussions, likely paving the way for its public listing. The Securities and Exchange Board of India…
