Saatvik Green Energy launches its Rs 900 crore IPO this Friday. The IPO will remain open until September 23. Allotment is expected on September 24, with listing on September 26. The company manufactures solar PV modules and provides EPC services. It plans to use the IPO proceeds to fund expansion and repay borrowings.

Wall Street is nearing record highs, driven by a tech stock surge. Nvidia and Intel s $5 billion partnership boosts the market. Economic reports lift Treasury yields. The Federal Reserve s interest rate cut aims to stimulate the slowing job market. Novo Nordisk s weight-loss drug shows promising results. Cracker Barrel and Darden Restaurants face profit concerns. International markets show mixed performance.

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24.

Capital markets regulator Sebi s chief Tuhin Kanta Pandey on Thursday said there is a need to "accelerate" monetisation of government-held assets in sectors such as railways, roads, airports and energy to help funnel investor money into such projects.

Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it will invest $5 billion in its rival. Intel s stock price was up by more than 25 percent, to $31.25 a share on Wall Street, hours after Nvidia said it would come to the aid of one of Silicon Valley s most iconic companies, which has fallen on hard times. arp/dw

SEBI has closed its probe into Adani Group after over two years, rejecting Hindenburg’s allegations. Gautam Adani hailed the move as vindication, stressing transparency, integrity, and the group’s efforts to rebuild investor confidence since the 2023 rout.

Gold prices dropped by Rs 600 to Rs 1,13,200 per 10 grams in the national capital on Thursday, tracking weak local demand and a stronger dollar after the US Federal Reserve s cautious policy stance dampened investor appetite for the precious metal.

Indian indices extended gains on Thursday, led by IT and pharma stocks, with Nifty supported by dovish Fed cues. Analysts recommend buy-on-dips with stock picks including KFin Technologies, Ashok Leyland, Axis Bank, and Dr Reddy’s Laboratories.

Sebi dismissed allegations that Adani Group used Adicorp to route funds in violation of related-party norms. The regulator found no evidence of wrongdoing, closing two cases tied to Hindenburg’s 2023 report.

GK Energy raised Rs 139 crore from anchor investors, including Pinebridge, Prashant Jain s 3P India Equity Fund, ahead of its Rs 464 crore IPO opening September 19. Strong institutional interest and robust FY25 growth fuel optimism, despite subsidy-dependence risks.