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The Aritas Vinyl IPO, running from January 16 to 20, has a price band of ₹40-47. The company focuses on synthetic leather production. Initial subscription data shows 30% overall, with 7% for retail investors. The IPO aims to raise approximately ₹37.5 crore. Continue Reading »
Oil marketing companies BPCL, HPCL, and IOCL saw share price rallies of up to 4% on January 16, rebounding from recent losses as global crude prices dropped due to easing Middle East tensions. Cheaper crude benefits OMCs by lowering refining costs and improving cash flow. Continue Reading »
Shadowfax Technologies aims to raise ₹1,907.27 crore through its IPO to enhance network infrastructure and fund acquisitions. The company generated ₹2,485.13 crore in FY25, with a profit of ₹6.43 crore. The IPO opens on January 20, with a price band of ₹118 to ₹124 per share. Continue Reading »
Brent crude slipped 21 cents, or 0.3%, to $63.55 a barrel, while U.S. West Texas Intermediate fell 15 cents, or 0.3%, to $59.04 a barrel. Continue Reading »
South Indian Bank shares rose 6.4% to an all-time high of ₹45.20 after reporting a record quarterly net profit of ₹374.32 crore for Q3FY26, a 9.5% increase year-on-year. Retail deposits grew by 13%, while gross NPAs declined to 2.67%. Continue Reading »
INR vs USD: The rupee depreciated by 10 paise to 90.44 against the US dollar, influenced by foreign investment outflows and a strong dollar. Despite lower crude prices and positive equity sentiment, challenges persist as the trade deficit widens and foreign investor confidence remains low. Continue Reading »