Pakistan International Airlines (PIA) is approaching a critical turning point, with Prime Minister Shehbaz Sharif announcing that bidding for the national carrier will take place on December 23, to be broadcast live for transparency. The move comes under a $7 billion IMF program after years of losses and failed attempts to privatise the airline. Once…
Post-festive season demand remained strong, driving impressive sales growth for leading automakers in November compared to the same month last year. Maruti Suzuki India recorded its highest-ever total sales, including exports, at 2,29,021 units, marking a 26% year-on-year increase. Domestic passenger vehicle dispatches rose 21% to 1,70,971 units, while total domestic sales, including LCV Super…
Aequs IPO opened for subscription on Wednesday, December 3, with the ₹922 crore mainboard issue set to close on December 5. Aequs is India’s only precision component manufacturer operating from a single Special Economic Zone, offering fully vertically integrated aerospace manufacturing. The company also produces components for consumer electronics, plastics, and consumer durables. On the…
Gold prices on the Multi Commodity Exchange (MCX) opened lower on Tuesday as traders booked profits following a sharp rally in the previous session. Silver followed a similar trend, falling more than 1.5%. MCX gold began the day 0.41% down at ₹1,30,109 per 10 grams compared to its prior close of ₹1,30,652, while silver started…
TVS Motor Company and BMW Motorrad have announced a major milestone, surpassing 2,00,000 units produced through their long-standing partnership. Since joining forces in 2013, the Indo-German collaboration has grown into a strong global player in the sub-500 cc segment. Their co-developed motorcycles—the BMW G 310 R, G 310 GS and G 310 RR—are now sold…
GAIL shares dropped over 6% in early trading on Friday, November 28, following the release of the long-awaited transmission tariff revision orders by the PNGRB. The revised tariff has been set at ₹65.7 per MMBtu, up from ₹58.6 per MMBtu, reflecting a 12% increase. However, this is below the ₹78 per MMBtu sought by GAIL…
Shares of Patel Engineering are expected to garner investor attention in Thursday’s session, November 27, after the company announced securing multiple orders. In a post-market filing, the company stated it received two Letters of Intent from Saidax Engineers and Infrastructure Private Limited. The orders, valued at ₹798.19 crore over nine years, cover excavation, composite work,…
Premier Energies shares climbed over 2% on Wednesday, marking a strong performance since its IPO, with the stock up nearly 120% from the initial price of ₹450. Brokerage firm Nuvama Institutional Equities has initiated coverage on the stock, assigning a target price of ₹1,270, suggesting a potential upside of around 32% from the last closing…
The IPO of Sudeep Pharma, which opened on November 21, will close today, November 25. By the second day, the issue was subscribed 5.09 times, reflecting strong investor demand, and applicants can still place bids today. The price band has been set at ₹563–₹593 per share, with 50% reserved for QIBs, 15% for NIIs, and…
Several major U.S. technology companies—Apple, Amazon, Meta, Cisco, HP and Intel—have jointly opposed Reliance Jio and Vodafone Idea’s demand for allocating parts of the 6GHz spectrum band for mobile services. They have urged the government to reserve the entire band exclusively for Wi-Fi and other unlicensed uses, arguing that mobile technologies for this frequency range…
