Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company's Qualified Institutional Buyers category saw strong subscription interest. Retail and Non-Institutional Investors also participated actively in the offering. Silver Storm is expanding its attractions with a new cable car and forest village. Future plans include new snow parks in Lucknow and other destinations.
GHCL reported a thirty-two percent profit increase for the first quarter. Lower expenses helped boost net profit to Rs 191.18 crore from Rs 144.78 crore. Total income fell three point zero six percent while total expenses declined. New projects are nearing commercial operations in the second quarter of FY27. Long-term soda ash industry fundamentals remain positive for GHCL.
The Indian central securities depository’s revenue from operations meanwhile increased more than 13% YoY to Rs 293 crore during the quarter under review, from Rs 259 crore reported in the year-ago period
Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities, interacted with ETMarkets regarding the outlook for the Nifty and bank, as well as an index strategy for the upcoming week
Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than any other billionaire's total wealth, except Musk himself.
Dhaval Packaging Limited will launch its initial public offering on July 30. The company plans to raise Rs. 36.36 crore through a fresh equity share issue. Proceeds will fund capacity expansion at its Sanand manufacturing facility. A portion will also be used for loan repayment and general corporate purposes. The IPO aims to list on the BSE SME platform on August 6.
CleanMax Enviro Energy Solutions achieved a net profit of Rs 55 crore in the June quarter. This profit resulted from a substantial 107 percent year-on-year revenue increase. The company's operational asset base and RE Services segment saw significant growth. CleanMax also plans to raise Rs 2,500 crore through debenture issuance. A record 500 MW capacity was added in the first quarter.
Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
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