Swara Baby, an Indian contract manufacturer of baby diapers, adult diapers and feminine hygiene products, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth ₹500 crore and…
S. Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said investors who rushed into precious metal ETFs earlier this year ignored asset allocation principles and have since faced losses. He said gold remains useful for portfolio diversification, but prefers exposure through multi-asset funds,…
US President Donald Trump was the first buyer of the dip that came due to the “Liberation Day” tariffs he announced in April last year, which nearly sent Wall Street indices into a bear market territory. Data analysed by CNBC from his 927-page financial disclosures show that Trump made 327 stock purchases on April 8,…
Crude oil prices held on to losses after increasing traffic through the Strait of Hormuz resembled some normalcy, while talks between the US and Iran continue on the sidelines. Brent crude trades around the $71 a barrel mark after briefly slipping below that level on Thursday, while West Texas Intermediate (WTI) or the US crude…
Shares of several financial companies, including Punjab National Bank (PNB), Bajaj Finance, Union Bank of India, UCO Bank, Central Bank of India, CSB Bank, Ujjivan Small Finance Bank, Equitas Small Finance Bank and Mahindra & Mahindra Financial Services, will be in focus on Friday, July 3, after they released their provisional business updates for the…
Shares of discount broking firm Angel One Ltd. will be in focus on Friday, July 3, after the company disclosed its business update for the month of June, and for the entire June quarter. Angel One’s funding book continued to scale new highs, while trading activity saw a rebound after a subdued May. Client addition…
Shares of One 97 Communications Ltd., the parent company of Paytm, are trading higher on Friday, July 3, after its European subsidiary received regulatory approval to operate as a payment institution in Luxembourg. In an exchange filing, the company said its wholly owned step-down subsidiary, Paytm Europe Payments SA, has been granted a Payment Institution…
The Indian rupee opened 19 paise stronger on Friday (July 3), tracking broad weakness in the US dollar after softer-than-expected American jobs data dampened expectations of an immediate interest rate hike by the US Federal Reserve. The domestic currency opened at 95.20 against the US dollar compared with Thursday’s (July 2’s) closing level of 95.39,…
Shares of PB Fintech Ltd., the parent of online insurance aggregator Policybazaar and digital consumer credit marketplace Paisabazaar, declined as much as 8% on Friday, July 3, after a large trade took place in a pre-market block window. According to data available, as many as 1.08 crore shares of the company changed hands in the…
Shares of Mahindra & Mahindra Financial Services Ltd. (M&M Finance) gained over 5% on Friday, July 3, after the NBFC reported a 21% year-on-year increase in disbursements for the June quarter, while maintaining stable collection efficiency and a comfortable liquidity position. According to the company’s provisional business update, overall disbursements stood at approximately ₹15,560 crore…
