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foreign exchange reserves are down by $30 million at $594.85 billion for the week ending August 25, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously India’s Forex reserves for the week ending August 18 dipped by $7.28 billion to $594.90 billion. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $538 million to $527.24 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves surged by $530 million to $44.35 billion, whereas SDRs decreased by $11 million to $18.19 billion. Reserve position in the IMF decreased by $12 million to $5.06 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

Blink 182 canceled their program in Glasgow. They pulled out of the OVO Hydro program scheduled for Friday. A second performance at the Hydro on Saturday, as well as upcoming shows in Belfast and Dublin, have been canceled. In an Instagram post, the band said, “The Glasgow, Belfast, and Dublin shows are being postponed. Due to an urgent family matter, Travis has had to return home to the States.”

₹63 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Pramara Promotions IPO, which is worth ₹15.27 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, such as to fund working capital requirements and meet general corporate purposes.

IPO subscription status: Rishabh Instruments IPO was subscribed 31.48 times on day 3 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close today (Friday, September 1.) Rishabh IPO received overwhelming response from Qualified institutional buyers (QIBs) on the final day. Retail investors and non-institutional investors (NIIS) on day 3 also responded positively.

₹695 - 735 per share. The IPO will open for subscription on September 6 and close on September 8. The anchor book for the Jupiter Life Line IPO will open on September 5.

Basilic Fly Studio IPO: The initial public offering (IPO) Basilic Fly Studio Limited opened for subscribers today and it will open for bidding till 5th September 2023. The VFX studio headquartered in Chennai has fixed Basilic Fly Studio IPO price band at ₹92 to ₹97 per equity share and the company aims to raise 66.35 crore from its initial offer. The book build issue is proposed for listing on NSE SME exchange and the SME IPO has received strong response on day one of the public issue opening.

India’s growth forecast to 6.7% in 2023 from 5.5% projected earlier, as the Indian economy recorded 7.8% growth in the April-June quarter. “Strong services expansion and capital expenditures propelled India’s 7.8% real GDP growth in the second quarter from a year ago,” Moody’s said in its report. However, the rating and research agency lowered the 2024 forecast down to 6.1% from the 6.5% projected earlier. “Since the second quarter outperformance creates a high base in 2023, we have lowered our 2024 growth forecast from 6.5% to 6.1%. Given the robust underlying economic momentum, we also recognize further upside risk to India’s economic growth performance,” it said. On the inflation front, the rating agency expects inflation to average 5.7% in 2023, a tad below the Reserve Bank of India’s upper target band of 6%. In July, inflation at 7.4%, crossed the Reserve Bank of India’s upper target band for the first time.

Brightcom Group share price was locked in its lower circuit as the stock opened at its 5 per cent lower price band of ₹16.08 on BSE on Friday. Shankar Sharma portfolio stock Brightcom Group has been hitting the lower circuit for the last eight consecutive sessions. On a monthly scale, the stock fell 20 per cent in July and 33 per cent in August.

Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.

Navigating growth as demand for sustainable energy storage solutions reaches an all-time high falls squarely onto the shoulders of Brisbane’s Tim Harris.

Hindustantimes.com quoting Ashwan Singh, who works at Liquor Library 1 in Gurugram Sector 56, “There has been a 20% increase in walk-in customers since August 22." “People are thinking ‘Khatam na ho jaye’. Ya phir unhe lag raha hai ki sab jagah theke band ho jayenge is time period mein. This is not true yet customers have been flocking the store, and there has been a non-stop rush for an assortment of hard liquor bottles," Singh said in the report.

₹250 per share, 201.2 percent higher than the issue price of ₹83. Sungarner Energies shares extended gains post listing and were locked at 5% upper circuit following stellar debut. Sungarner Energies share price touched an intraday high of ₹262.50 and low of ₹237.50.

IPO listing date has been fixed for Tuesday, September 5 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Vishnu Prakash IPO. If you have applied for the Vishnu Prakash IPO, you can check your Vishnu Prakash IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

IPO subscription status: Rishabh Instruments IPO was subscribed 1.83 times on day 2 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close on Friday, September 1. Rishabh IPO received positive response from retail investors and non-institutional investors (NIIS) on day 2.

Basilic Fly Studio IPO: The initial public offering (IPO) of Basilic Fly Studio Limited is going to hit primary market on 1st September 2023 i.e. on tomorrow and it will remain open for subscribers till 5th September 2023. The company has fixed Basilic Fly Studio IPO price band at ₹92 to ₹97 per equity share and the company aims to raise ₹66.35 crore from this book build issue.

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Jio Financial Services stock is likely to get excluded from the S&P BSE Sensex from today unless it hits the 5% lower circuit according to estimates from Nuvama. The stock, which hit yet another 5% upper circuit on multiple block deals in the opening trade, had ended with 5% gains in previous two trading sessions. The upper circuit is unlikely to have any impact on its exclusion from Sensex, the Nuvama report said. The day's high for Jio Financial shares stood at Rs 242.80 on the NSE and the stock witnessed strong volume action with 1.24 crore shares trading on the NSE after the block deal news was reported by ETNow. As per the Nuvama report, JIO’s 1.1% weight in Sensex 30 Index means passive selling may involve around 60 million shares, equivalent to roughly $180 million. Any decision on the deferment of exclusion will likely be announced by the BSE during market hours. As far as the Nifty indices are concerned, Nuvama does not see Jio getting deleted until «two consecutive days of the spun-off entity avoiding the price band (upper or lower)». Explaining it further, the brokerage said that no price band hit — upper or lower on Thursday and Friday will lead to exclusion on Monday September 4.

Day trading guide for today: Following sell off in European market, Indian stock market lost intraday gains after profit booking trigger in last hour of Wednesday session. However, NSE Nifty and BSE Sensex ended higher with marginal gains whereas Bank Nifty ended in red territory. Nifty 50 index added 4 points and ended at 19,347 levels while BSE Sensex went up 11 points and closed at 65,087 mark.

inflation by 10-30 basis points (bps), with a 20-30 basis points decline in September alone, according to economists. Inflation is likely to fall below 6% in September, they said.

Also Read: IPOs this week: Saroja Pharma IPO to Basilic Fly Studio IPO - three issues open; details here You can check the Sahaj Fashions IPO allotment status of your application on this link - https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "Sahaj Fashions IPO" in company name section. Select 'Application No/CAF No or Beneficiary ID or PAN Number. Click at 'Search' Your Sahaj Fashions IPO allotment status will become available on your computer monitor on the display of your cell phone.

HYBE, the makers of the current most popular boy band BTS, is looking for a new girl band. The company held worldwide auditions in association with the USA's Geffen Records to create a new global girl group. This is being done on a big scale for Netflix as a docuseries and also on YouTube. The two record companies recently announced the 2024 series and also a companion-piece online show that will begin on Thursday, August 30, as part of their The Debut: Dream Academy. The selection process for the girl group started in November 2021, when 120,000 applications of girl group potentials were screened. The worldwide hunt resulted in 20 candidates being selected. The females come from countries as diverse as Australia, Argentina, Brazil, Thailand, Sweden, Japan, Belarus, Switzerland, Slovakia, the Philippines, South Korea, and the USA. Now, in the docuseries, fans will be able to follow the selected contestants through the final stages of the auditions.