Markets

Bitcoin Slips Near $63K as Spot Volume Plummets to 2019 Lows Bitcoin is currently consolidating in the vicinity of $63,390.33, reflecting a period of muted market activity and subdued institutional interest. The cryptocurrency saw a slight dip over the last 24 hours, trading down 0.11 percent. Its weekly performance remains softer, registering a decline of 1.45 percent amid slower-than-expected July CPI and PPI data releases.Bitcoin Spot Volume Hits Lowest Level Since 2019 A key indicator of current market liquidity is the dramatic drop in daily spot volume. Daily spot Bitcoin volume has fallen to $1.19 billion, hitting its lowest point since 2019. This represents a significant downturn compared to a peak of $14.7 billion recorded in...

Mini Diamonds Secures INR 14.25 Crore Domestic Order for Lab Grown Diamonds Mini Diamonds (India) Ltd has secured a significant repeat order valued at INR 14.25 Crores, representing the supply of cut and polished lab grown diamonds from an existing domestic client on August 14, 2026. This contract highlights the increasing demand and market acceptance of lab-grown diamond products within the Indian jewelry ecosystem.The order, which is entirely domestic, underscores the strengthening of Mini Diamonds’ relationship with its local clientele. The company views this business update as validation of their commitment to consistent product quality and dependable execution in response to evolving client needs. The growing preference for...

Milky Mist Dairy Stock Set for Potential Surge? GMP Hints at Robust Debut After Stellar IPO Response The allotment of shares for the Milky Mist Dairy Food IPO is anticipated today, allowing investors to track their application status. The company's stock has been commanding a Grey Market Premium (GMP) of around 19%, signaling high market expectations following the Rs 1,553-crore public issue. The listing on both the BSE and NSE is scheduled for August 18, 2026.IPO Allotment Status and Investor Verification Investors who applied during the subscription period can verify their allotment status via several established platforms. Applicants should check the registrar’s website, as well as the official portals of the BSE and NSE. Key...

GTT Data Solutions Approves Major Acquisitions, Unaudited Q1 Results; Cites Strategic Investments in Tech and InsurTech GTT Data Solutions Limited, formerly known as Cinerad Communications Ltd., announced several significant business decisions following its Board meeting on August 13, 2026. The company approved the acquisition of stakes in three key entities: Antworks Solutions India Private Limited (ASIPL), Insurants AI Limited (IAL), and STRATIS Management and IT Consulting Limited Liability Company (STRATIS). Furthermore, the Board reviewed and approved the Unaudited Financial Results for the quarter ended June 30, 2026.The acquisitions involve a combination of strategic investments and share swaps designed to strengthen GTT Data...

Amber Enterprises Enters Mobile Manufacturing Collaboration While Reporting Consolidated Financial Results for Q1FY27 Amber Enterprises India Limited has expanded its strategic focus with a new manufacturing collaboration agreement in the mobile segment, while reporting consolidated performance figures for the first quarter of the financial year 2026-27. The company also made headway in infrastructure and component manufacturing across several divisions.The Amber Group signed a manufacturing collaboration agreement with Oppo Mobiles India Private Limited. This collaboration covers the smartphone brands OPPO, OnePlus, and Realme, opening up new growth avenues and broadening the product portfolio for the conglomerate. Strategically...

Praj Industries Reports Q1 FY27 Results: Highlights Strong Growth in Bioenergy and Ecosystem Expansion Praj Industries Ltd., a technology-driven leader in biotechnology and engineering, has reported its Un-audited Financial Results for the first quarter ended June 30, 2026. The company continues to build on its legacy of sustainable solutions across bioenergy, industrial wastewater treatment, and critical process equipment, expanding its operational footprint globally.Q1 FY27 Financial Performance Overview Praj Industries demonstrated growth in both consolidated and standalone segments during the first quarter of fiscal year 2027. The company focuses on providing end-to-end solutions spanning Technology, Engineering, Manufacturing...

Anthropic Set to Challenge Titan Status, With Investors Targeting $2 Trillion IPO Valuation Surpassing SpaceX's Record High Anthropic, the creator of the Claude AI models, is being eyed by investors for a monumental initial public offering (IPO). Backers are projecting a valuation of $2 trillion or higher in an anticipated October listing. This figure vastly surpasses the $1.77 trillion valuation achieved when SpaceX went public in June, according to reports from the Financial Times.The estimate remains an investor projection, not a formally stated target by Anthropic. The company has declined to comment on specific valuation metrics for the proposed offering. A successful IPO at this magnitude would cement Anthropic's position as a...

OnoMagic Acquires Full Ownership of Digital Publishing Platform The Perspective OnoMagic, a subsidiary of Brightcom Group Limited, has completed the acquisition of the remaining ownership interest in The Perspective, securing 100% ownership of the digital publishing platform. This development is identified as an important step in OnoMagic's strategy to develop and scale differentiated digital media properties.The Perspective operates as a digital publishing platform designed to encourage audiences to explore viewpoints beyond their own. Its approach integrates journalism, design, and behavioral psychology to create content across current affairs, politics, sports, entertainment, and other areas of public interest.The platform has...

Svatantra Microfin Targets ₹30 Billion IPO as It Seeks Capital Boost Amid Market Rebound Indian non-banking lender Svatantra Microfin has filed for a significant initial public offering (IPO) worth 30 billion rupees ($314.33 million). The filing, submitted late on Thursday, signals the microfinance institution's push for accelerated growth in a market that is beginning to stabilize after a challenging first half of the year.The IPO structure involves two components: Svatantra Microfin plans to issue new shares up to 15 billion rupees. Additionally, existing institutional investors are participating by offloading another 15 billion rupees worth of stakes. This move positions the company for greater capital infusion and market...

Gland Pharma Appoints Deepak Sapra as Chief Executive Officer Gland Pharma Limited has announced the appointment of Mr. Deepak Sapra as its new Chief Executive Officer (CEO). The company confirmed that this appointment is effective from November 16, 2026, following a Board approval based on the recommendation of the Nomination and Remuneration Committee.Mr. Deepak Sapra joins Gland Pharma Limited bringing extensive executive experience in the pharmaceutical sector. He is identified as a seasoned business leader possessing 27 years of executive experience, with over 23 years spent in the pharmaceutical industry.Currently, Mr. Sapra serves as Chief Executive Officer - API and Services at Dr. Reddy's Laboratories Limited (DRL) and...

Shiprocket IPO Gains 38% Premium in Grey Market; Is This Launch Set for a Massive Listing Breakout? Shiprocket, India's leading e-commerce enablement platform, is seeing intense investor interest as it enters the third and final day of its highly anticipated IPO. With strong demand evidenced by the grey market premium (GMP), the listing appears poised for significant gains if current trends hold true. The company aims to raise Rs 1,617.59 crore through this public offering.Subscription Surge: Shiprocket IPO Attracts Strong Investor Interest The subscription status of the Shiprocket IPO reveals a strong appetite from both retail and institutional investors. Overall, the issue was subscribed 3.16 times against the 9.44 crore shares on...

Gold and Silver Prices Slip as Inflation Cools: Investors Book Profits in Market Correction Bullion prices witnessed a mild correction in early trading on August 14 after investors booked profits following a softer-than-expected US inflation outcome. This profit-taking movement saw the market consolidate, suggesting a period of cautious assessment ahead.The COMEX gold futures traded down by 1.01 percent, reaching $4,375.60 per ounce during the morning session. Simultaneously, silver experienced a decline of 1.34 percent, settling at $64.120 per ounce. These movements highlight the short-term sensitivity of precious metals to global economic data.Domestic Gold and Silver Market Movements The performance in domestic futures markets...

Man Industries Wins QatarEnergy's Preferred Manufacturers List (PML) for LSAW Pipes and Bends MAN Industries (India) Limited has been included in the Preferred Manufacturers List (PML) of QatarEnergy for Carbon Steel Longitudinally Submerged Arc Welded (LSAW) pipes, coating, and bends. This inclusion positions MAN as an eligible bidder for large-diameter pipe requirements within QatarEnergy's capital expenditure program, which supports the world's largest LNG expansion.The approval adds to MAN's established relationships with national oil companies across the Middle East, providing a direct pathway into the global energy sector's project pipeline.Mr. Nikhil Mansukhani, Managing Director of MAN Industries, commented on the...

GIC Appoints Hiteshkumar Kismatbhai Bhandari as Part-time Non-Official DirectorGeneral Insurance Corporation of India has confirmed the assumption of office for Shri Hiteshkumar Kismatbhai Bhandari as a director on its board. The individual holds the position of Part-time Non-Official Director, effective from August 13, 2026.The appointment details confirm that Shri Hiteshkumar Kismatbhai Bhandari is not related to any of the existing directors at the Corporation. Furthermore, he has not been debarred from holding the office of Director by any SEBI Order or other authority.GICRE Stock Price Movement General Insurance Corporation of India shares slipped by 2.12% to settle at ₹348.20 on Thursday, plummeting to hit a significant...

Open Offer Announced for Jay Kailash Namkeen Ltd Shares by Amar Pramod Talwar A public announcement has been made regarding an open offer initiated by Mr. Amar Pramod Talwar for the acquisition of equity shares in Jay Kailash Namkeen Limited. The offer targets a significant portion of the Target Company's share capital and is linked to a preferential allotment transaction.Mr. Amar Pramod Talwar, identified as the Acquirer, has launched an open offer to the public shareholders of Jay Kailash Namkeen Limited. The offer aims to acquire up to 21,76,540 fully paid-up equity shares of face value ₹ 10.00/- each in the Target Company. This volume represents 26.00% of the Emerging Expanded Fully Diluted Voting Equity Share Capital.The Open...

Acquirers Launch Open Offer for Reliable Ventures India Ltd Shares at ₹21 per Share A group of investors, including Mr. Chennupati Sarath Kumar and Ancla Technology Solutions India Private Limited, has launched an Open Offer to acquire a stake in Reliable Ventures India Limited (RVI). The offer is being managed by Rarever Financial Advisors Private Limited and targets 28,63,354 equity shares of RVI, representing 26.00% of the company's fully paid up capital.The Open Offer for reliable Ventures India Ltd has a share face value of ₹10/- each and is being offered at a price of ₹21/- per equity share, payable in cash. The offer was introduced following the Detailed Public Statement (DPS) published on June 09, 2026, across various national...

Arihant Foundations Reports Q1 FY27 Results, Highlights Strong Profitability Despite Revenue Moderation Arihant Foundations & Housing Limited, a prominent real estate developer based in Chennai, has released its unaudited standalone and consolidated financial results and operational update for the quarter ended June 30, 2026. The company reported robust profitability indicators even as it navigated a measured operating environment in the real estate market during the quarter.The Q1 FY27 results demonstrate significant strength in core earnings. Revenue stood at ₹135.67 Cr, while EBITDA reached ₹37.73 Cr, reflecting a 56% year-on-year (YoY) growth. Profit before Tax (PBT) was recorded at ₹31.27 Cr, and Profit After Tax (PAT) came in at...

RB International Holdings Launches Mandatory Open Offer for RR Metalmakers India Limited RB International Holdings Limited, along with Suyog Yogesh Desai and Nikita Suyog Desai, have launched a mandatory Open Offer for the public shareholders of RR Metalmakers India Limited. The acquisition is part of a larger transaction triggered by a Share Purchase Agreement executed on July 30, 2026, involving members of the target company’s promoter group.The Acquirers are offering to acquire up to 23,42,295 fully paid-up equity shares of RR Metalmakers India Limited (the Target Company). The offer represents 26% of the existing Equity Share Capital. Shareholders can tender their shares at a fixed cash price of ₹23.85 per Equity Share, based on a...

Sensex and Nifty React Cautiously As US Inflation Falls; Tech Leads Global Rally Amid Geopolitical Heat Indian benchmark indices faced a volatile session on Thursday, as global equities responded to easing inflation fears while geopolitical tensions kept commodity markets nervous. The Sensex managed a marginal recovery after hitting intraday lows, but the GIFT Nifty signals suggest a muted start for Indian equities on Friday.The Sensex closed at 78,079.96, rising by 113.61 points or 0.15 percent. Conversely, the Nifty finished down 40.10 points, settling at 24,395.85. This muted close was set against a backdrop of stronger-than-expected data from international markets.Global Stocks Surge on US Inflation Relief U.S. equities rallied...

LEAP India Listing Preview: Grey Market Premium Surges as Sustainable Infra IPO Aims for Debut LEAP India Ltd. is poised to make its stock market debut on August 14th with a Rs 2,480-crore public offering. The company's shares are currently commanding a grey market premium (GMP) of approximately 8%, indicating strong investor expectations for a positive listing day. This highly anticipated IPO was open for subscription between August 7 and August 11.IPO Subscription Details and StructureThe IPO generated significant interest, being subscribed overall by 8.38 times. The Qualified Institutional Buyers (QIB) category saw the highest demand, reaching a robust 16.84 subscriptions. Non-institutional investor (NII) segment was booked 12.64...