IIFL Finance said the issuance may be launched in one or more tranches, subject to all applicable statutory and regulatory approvals under the SEBI Regulations, 2021.
Kaynes Tech is targeting positive operating cash flow in the ongoing financial year, the management said during a recent analyst meet.
On the Multi Commodity Exchange (MCX), December gold contracts gained ₹475, or 0.38%, to ₹1.25 lakh per 10 grams on a turnover of 7,926 lots. Silver futures for December delivery surged ₹1,388, or 0.89%, to ₹1.57 lakh per kilogram in…
There are two major drivers: expectations of Fed rate cuts have moved up in comparison to last week and fresh commentary from the Steel Secretary who spoke exclusively to CNBCTV18.
Axis Capital had recently initiated coverage on MCX with a “buy” rating and a price target of ₹12,500. UBS too, had raised its target to ₹12,000 from ₹10,000 earlier, having upgraded it to a “buy” rating back in October 2024.
Gold has surged over 60% in 2025, driven by central-bank buying and global uncertainty. Axis Securities says momentum may continue into 2026, but warns that monetary policy shifts, a stronger dollar, and easing geopolitical tensions could cap further gains.
At the interbank foreign exchange market, the rupee opened at 89.24, lost to 89.26 and then regained to trade at 89.20 against the greenback in initial deals, up 2 paise from its previous closing level.
Richard Harris, Executive Director at Port Shelter Investment Management, said that while the US economy has traditionally shown strong resilience—with solid employment, growth, and corporate earnings—he now sees signs of cooling, particularly in the labour market.
Deven Choksey, MD of DRChoksey Finserv remains optimistic on the NBFC sector, driven by rising consumer spending and rapid adoption of fintech and artificial intelligence (AI).
New Listings Live Updates: Even as the equity markets have remained choppy, the new listings have continued to hog the limelight. From Billionbrains Garage Ventures, to PhysicsWallah, Lenskart, and even the latest listing Capillary Technologies India were in the spotlight…