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Ellenbarrie Industrial Gases, a Kolkata-based industrial gas manufacturer, is launching its Rs 852.5 crore IPO on June 24, with a price band of Rs 380-400 per share. The IPO includes a fresh issue and an offer for sale, aiming to repay debt and expand capacity. SBI Securities recommends subscribing, citing the company's strong financials and strategic growth plans.
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News and Media
Global shares surged and the dollar weakened following reports of a ceasefire agreement between Iran and Israel, brokered by U.S. President Trump. Oil prices plummeted as concerns over supply disruptions eased, boosting risk assets. The yen and euro gained due to their reliance on oil imports, while U.S. Treasury yields rose slightly amid shifting expectations for Federal Reserve rate cuts.
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News and Media
Donald Trump facilitated a ceasefire between Israel and Iran. This happened after discussions with Benjamin Netanyahu. Trump's team contacted Iranian officials. Israel agreed to the ceasefire if Iran stopped attacks. Iran indicated it would follow the agreement. JD Vance, Marco Rubio, and Steve Witkoff were involved in the US contact with Iran.
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News and Media
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