PhysicsWallah IPO: Edtech startup seeks ₹3,820 crore for expansion and growth in SEBI filing

Both promoters Prateek Boob and Alakh Pandey. | Photo Credit: The Hindu Edtech unicorn PhysicsWallah has filed updated draft papers with markets regulator Sebi to raise ₹3,820 crore through an initial public offering (IPO) for expansion and growth initiatives. The proposed IPO comprises a fresh issue of equity shares worth ₹3,100 crore and an offer…

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Gold may see profit-taking as investors await inflation data, ECB meeting: Analysts

On the Multi Commodity Exchange (MCX), the October contract of gold surged ₹1,131 or 1.06% to touch a lifetime high of ₹1,07,807 per 10 grams before ending marginally lower at ₹1,07,740 per 10 grams. After scaling record highs last week, gold prices may face some short-term profit booking, with the precious metal’s future direction dependent…

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FPIs withdraw ₹12,257 cr in first week of September on strong dollar, U.S. tariff concerns

Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors pulled out ₹12,257 crore ($1.4 billion) from Indian equities in the first week of September, weighed down by a stronger dollar, U.S. tariff concerns, and persistent geopolitical tensions. This came following a net outflow of ₹34,990 crore in August and ₹17,700 crore in July. With this,…

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