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Classic Electrodes, a welding consumables manufacturer based in Kolkata, is launching its IPO on August 22, aiming to raise 41.51 crore through a fresh issue of shares. The company intends to use the IPO proceeds for purchasing new machinery, repaying debt, and meeting working capital needs. Ahead of the IPO, Classic Electrodes raised 11.69 crore from anchor investors.
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News and Media
Asian equities showed mixed performance as US stocks and bonds declined, driven by reduced expectations for imminent Federal Reserve rate cuts. Attention is now focused on Jerome Powell's upcoming speech at the Jackson Hole symposium, with markets anticipating potential signals on future policy shifts. Meanwhile, the Justice Department is considering investigating Fed Governor Lisa Cook.
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News and Media
Granules India's stock shows a slight recovery despite reporting lower profits in the June quarter. Investors are positive about the company's product pipeline and business stabilisation. The company anticipates better growth in FY27. Approvals for six products in Europe are awaited. Granules focuses on CNS, ADHD, and oncology products. The Gagillapur facility remediation is progressing well with US FDA.
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News and Media
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