Nothing Raises $200 Million Round
Your daily dose of business news
🗞️ Insurers told to pass GST relief to policyholders
The government has asked insurers to pass on GST relief to policyholders ahead of the Sept 22 rollout, which should lower premiums for many customers.
🗞️ SEBI clears multiple big IPOs (Pine Labs, Hero Motors & more)
SEBI has granted approvals for a batch of large issues — including Pine Labs, Hero Motors and Manipal Payments — opening up a busy pipeline for October listings.
💬 Expert Take — Meera Chopra, IPO Strategist: “A packed IPO calendar will test market absorption; quality names should still attract strong retail interest.”
🗞️ Gold hits all-time high again
Domestic gold prices climbed to a fresh peak, with 24K touching ~₹11,193/g as investors sought safe havens amid trade and macro volatility.
💬 Expert Take — Sunil Bhandari, Commodity Strategist: “Safe-haven flows and a softer dollar pushed gold higher — watch for short-term profit-taking but structural demand remains strong.”
🗞️ Sensex rallies ~595 pts; Nifty above 25,200
Domestic markets rallied after positive trade-talk headlines and Fed-cut hopes — the Sensex jumped nearly 600 points with breadth broad-based.
🗞️ Saatvik Green Energy sets IPO price band at ₹442–465
Renewable energy developer Saatvik Green Energy fixed its price band at ₹442–465 for a ~₹900-crore IPO, opening next week.
🗞️ Techd Cybersecurity IPO — 89× on Day 2
Vijay Kedia-backed Techd Cybersecurity saw its public offer booked 89× on day two, signalling strong retail appetite.
🗞️ Vijay Kedia stake drives Techd demand (repeat)
The same Techd listing drew additional attention because it is backed by Vijay Kedia — a factor analysts say boosted confidence among retail investors.
🗞️ Nothing raises $200 mn in Series C
Consumer-tech firm Nothing raised $200 million in Series C funding from existing backers, including Qualcomm Ventures and new investor Nikhil Kamath.
📊 Market Update
📈 Sensex: 82,380.69 ▲ +594.95 (+0.73%)
📈 Nifty 50: 25,239.10 ▲ +169.90 (+0.68%)
💱 USD/INR: ₹88.05–88.13 (close ~₹88.05)
🪙 Gold (24K): ₹11,193 / g (≈ ₹1,11,930 / 10g)
🛢️ Brent crude: ~$67.48 / bbl