Shreeji Shipping IPO Price Revealed
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🗞️ Shreeji Shipping Sets IPO Price Band
Shreeji Shipping has announced a price band of ₹240–₹252 per share for its upcoming IPO, aiming to capitalise on demand in the shipping sector. The funds will be used for fleet expansion and operational enhancement.
💬 Expert Take: “Investor interest in maritime trade is on the rise, and Shreeji’s IPO could ride the wave of India’s growing logistics demand.”
🗞️ Lupin Targets $122 Mn US Market with Glucagon Launch
Lupin has launched its Glucagon Injection in the US, entering a market worth $122 million annually. The product addresses severe hypoglycemia and is part of Lupin’s push into critical care therapies.
🗞️ Air India Express Launches ‘Freedom Sale’
Air India Express has rolled out fares starting ₹1,279 under its ‘Freedom Sale,’ covering domestic and select international routes. The campaign aims to tap festive and Independence Day travel demand.
🗞️ 55% of Indian Exports to US Hit by New Duties
The Finance Ministry has warned that over half of India’s exports to the US are impacted by the newly imposed 25% reciprocal duty, affecting sectors such as metals, textiles, and chemicals.
🗞️ ₹3.69 Lakh Crore Cess Not Transferred, Says CAG
The Comptroller and Auditor General has flagged that the Centre did not transfer ₹3.69 lakh crore of cess collections to designated funds, impacting allocations for education, infrastructure, and clean energy.
🗞️ Gold Prices Drop ₹1,000 Amid Global Sell-off
Domestic gold prices plunged ₹1,000 as global markets saw a risk-on shift, with stronger US dollar sentiment pushing investors toward equities.
🗞️ PSU Banks Write Off ₹5.82 Lakh Crore in 5 Years
Public sector banks have written off loans exceeding ₹5.82 lakh crore since FY20, with recovery rates still a concern despite improving bad loan management practices.
🗞️ Retail Inflation Falls to 8-Year Low
India’s retail inflation eased to 1.55% in July, an eight-year low, driven by a steep decline in food prices and base effects. The trend may influence RBI’s future rate decisions.
📊 Market Update – 12 Aug 2025
📉 Sensex: 80,235.59 ▼ −368.49 (−0.45%)
📉 Nifty 50: 24,487.40 ▼ −97.65 (−0.40%)
💵 USD/INR: ₹87.71 ▲ +0.04 (+0.05%)
🪙 Gold (24K): ₹10,006/gm (−0.26%)
🛢️ Brent Crude: ~$84.32/bbl (steady)