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asset owner with a primary focus on luxury offerings across business and leisure segments, has filed its draft red herring prospectus with market regulator Sebi to raise funds through an IPO. The company’s IPO comprises a fresh equity issue of up to Rs 2000 crore.

capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO). The Pune-based company's IPO is completely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Also, the company may consider a pre-IPO placement aggregating up to Rs 400 crore. If such placement is undertaken, the issue size will be reduced.

capital on Tuesday on the back of fresh buying from jewellers. In the previous session, the precious metal of 99.9 per cent purity had closed at Rs 73,500 per 10 grams on Monday. Silver prices, too, jumped Rs 700 to Rs 84,500 per kilogram from Rs 83,800 per kg in the previous close, according to the All India Sarafa Association.

Dodla Dairy Ltd.(up 7.34%), Mrs. Bectors Food Specialities Ltd.(up 6.70%), Hindustan Foods Ltd.(up 4.51%), Honasa Consumer Ltd.(up 4.23%), Heritage Foods Ltd.(up 3.92%), Euro India Fresh Foods Ltd.(up 3.84%), LT Foods Ltd.(up 3.82%), Bikaji Foods International Ltd.(up 3.40%), Jyothy Labs Ltd.(up 2.78%) and Hatsun Agro Products Ltd.(up 1.70%) stood among the top gainers.

Also Read: Heavy showers could rain on agrochemical firms' parade in Q2 Meanwhile, PI has made an offer to acquire Plant Health Care (PHC) plc, a UK-based company in the crop protection business, for £32.8 million (about ₹360 crore). However, PHC’s current contribution to revenue would be a mere 1.3%.

Reversedo is the newest forex robot from Avenix Fzco, a Dubai, UAE-based fintech startup. Leveraging the MetaTrader 4 platform, this expert advisor (EA) aims to trade the XAUUSD (gold) market. By analyzing the gold market with smart algorithms and technical indicators, Reversedo hopes to spot possible trend reversals and influence trading success.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

DCM Shriram Industries Ltd.(up 5.10%), Ponni Sugars(Erode)Ltd.(up 3.24%), Ugar Sugar Works Ltd.(up 2.77%), Sakthi Sugars Ltd.(up 2.56%), Bajaj Hindusthan Sugar Ltd.(up 1.42%), Mawana Sugars Ltd.(up 1.38%), Balrampur Chini Mills Ltd.(up 1.24%), Shree Renuka Sugars Ltd.(up 1.07%), Dwarikesh Sugar Industries Ltd.(up 1.06%) and Vishwaraj Sugar Industries Ltd.(up 0.76%) stood among the top gainers.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Tata Power Company Ltd.(up 6.59%), SJVN Ltd.(up 5.87%), Suzlon Energy Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 4.91%), CESC Ltd.(up 4.67%), Hitachi Energy India Ltd.(up 4.08%), RattanIndia Power Ltd.(up 3.77%), Inox Wind Ltd.(up 3.19%) and NLC India Ltd.(up 3.03%) stood among the top gainers.

There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers. 

low-carbon transition can create potential distortions and trade tensions, the World Trade Organization (WTO) has said.

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

Bajaj Housing Finance is getting strong response from investors as the issue sailed through on the first day of bidding. As the demand for the IPO increases, the chances of getting an allotment under the retail category might be less. However, investors looking to maximise their opportunity to secure an allotment can apply under a special quota, which is the shareholders category.

Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours.

IPO). The Kolkata-based company's initial share-sale will be available for public subscription from September 13 to September 18 and the bidding for anchor investors will open for a day on September 12, the company announced. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 54 lakh equity shares worth Rs 93 crore, at the upper end of the price band, by promoter Rajendra Sethia.

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

IT stocks were on a roll on Tuesday led by midcap counter Coforge which jumped 5.5% to hit its fresh 52 week high of Rs 6,849.50 on the NSE. However, Infosys led the way in terms of contribution to the index. The rally comes amid favourable views taken by domestic brokerages Motilal Oswal and Nuvama Institutional equities. Nifty IT index was the second best performing sector today (behind Media) in terms of percentage gains at 2.3% or 980 points with all 10 stocks trading in the green.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...