Gold rates in India near all-time high amid global uncertainty and festive demand
On the global front, spot gold traded at $3,537.76 per ounce after touching an all-time high of $3,546.99 an ounce earlier in the session.
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SBI raises $500 million via overseas bond issue at record-low spread
SBI Chairman Challa Sreenivasulu Setty said the transaction reflects global investors’ confidence in India’s growth story and SBI’s credit quality. “The successful issuance at record-low spreads demonstrates the reduced borrowing cost for Indian issuers, supported by India’s sovereign rating upgrade…
PSU stock surges after business update on volumes that are at the highest in four months
With Wednesday’s surge, MOIL shares have also turned positive for 2025 and now trade with gains of 4.7% year-to-date. The stock is 12% below its 52-week high of ₹413.
Raymond James strategist adds travel, digital payments to portfolio; trims ICICI Bank
Looking ahead, Matt Orton, Chief Market Strategist at Raymond James Investment said the US market will continue to do well, but he sees more promise in emerging markets. “When I look at the full global stage, I’m a lot more…
Shringar House of Mangalsutra sets IPO price band, to hit Dalal Street on September 10
Proceeds from the IPO of about ₹280 crore will be used for its working capital requirements, and the remainder funds for general corporate purposes.
Small IT companies could benefit most from AI, says Sowilo Investment’s Sandip Agarwal
Sandip Agarwal, Fund Manager at Sowilo Investment Managers said that artificial intelligence technology is already disruptive but will become more efficient over time as hardware and power costs come down. Larger IT firms may benefit after a few years, though…
New orders to support Adani Group stock’s thermal targets by FY32, InCred says
On the back of these developments, Incred estimates that Adani Power can deliver an 11% compound annual growth rate (CAGR) in EBITDA during FY25-28.
Netweb Tech shares rise 8% as it wins order worth ₹1,734 crore — Check guidance for FY26
As part of the contract, Netweb Tech will deploy AI infrastructure facility using the latest GPU-accelerated platforms.
Rupee At Record Low — Here’s how this weakness impacts oil and gas companies
The rupee is currently trading above the mark of 88 against the US Dollar, on Wednesday, September, 3, having made a record low 88.34 against the greenback on Monday. Here is how the weakness in the currency impacts oil and…
L&T Tech partners with SiMa.ai to provide AI-driven solutions in healthcare, mobility, robotics
As per the agreement, SiMa.ai will deliver AI hardware and software solutions by leveraging L&T Tech’s core engineering capabilities and human capital investments across key areas such as in-vehicle infotainment, AD/ADAS, industrial automation and robotics and healthcare, the company said.