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Kusumgar IPO Closes July 10: 6.31x Subscribed, ₹160 GMP—What Investors Need to Know
Kusumgar IPO closes 6.31x oversubscribed with ₹160 grey market premium. Price band ₹398–₹419. Listing July 15 on NSE and BSE. Check subscription status and key dates.
India, Indonesia Sign $630M BrahMos Missile Deal on July 9
India and Indonesia finalize $630M BrahMos missile deal and 20 other agreements during PM Modi’s visit, including critical minerals, maritime security, and temple restoration projects.
Trump Ties US Troop Presence in Europe to Greenland Deal at NATO Summit—July 9
Trump links US troop withdrawal from Europe to acquiring Greenland at NATO summit. Denmark’s PM says Greenland is ‘not for sale.’ Tensions rise over defense spending and Iran support.
Cochin Shipyard Share Price Falls 3% After Government OFS Ends—July 9
Cochin Shipyard shares fell 3% after government divested 5.04% stake via OFS at ₹1,400 floor price. Unions protested, citing privatisation fears as government stake drops to 62%.
ENB Stock Rallies as Q2 Earnings Loom, Energy Demand Surges—July 9
Enbridge (ENB.TO) trades near all-time highs ahead of Q2 2026 earnings July 31. Energy demand booming from LNG and data centres. Meyka rates ENB B+ with 3-year forecast of C$104.12.
SBI Funds Management IPO Sets Price Band at ₹545–₹574 Per Share; Issue Opens July 14
India’s largest asset management company is preparing to enter the stock market this month. SBI Funds Management has set the price band for its IPO at ₹545 to ₹574 per share, with the public issue opening on July 14, 2026. The ₹11,693 crore offering is expected to be one of the biggest IPOs of the…
Australia’s New 30% Capital Gains Tax Hits Low-Income Earners From July 2027
Australia’s capital gains tax overhaul from July 2027 replaces the 50% discount with inflation indexing and a 30% minimum tax rate, affecting property and share investors.
Alibaba (9988.HK) Surges 12% on Cloud Revenue Growth Forecast—July 9
Alibaba (9988.HK) surged 12.2% to HK$107.5 on July 8 after reports of 45% Alibaba Cloud revenue growth forecast and improved Taobao Flash Sale efficiency, lifting the Hang Seng Tech Index 5%.
Bitcoin Falls 3% to $61,480 as Trump Declares Iran Ceasefire ‘Over’
Bitcoin dropped more than 3% to $61,480 on July 8 after Trump declared the Iran ceasefire ended and threatened new strikes, rattling crypto and stock markets amid renewed geopolitical tension.