This news update covers key events from politics to sports. Amit Shah launches BJP’s election campaign in Jammu, Baazar Style Retail IPO is set to list, PM Modi to launch ‘Jal Sanchay Jan Bhagidari’ initiative, ICC Women’s T20 WC Trophy Tour arrives in Bengaluru, and more.
Today brings a flurry of exciting news across various sectors. Investors have the opportunity to participate in the IPOs of Shree Tirupati Balajee Agro Trading and My Mudra Fincorp. Raymond Lifestyle, a demerged entity of Raymond Ltd, starts trading today. Reliance Industries’ board is set to consider a possible bonus share issuance. Meanwhile, Kolkata Metro expands its Blue Line services and the MCC opens Round 2 registration for NEET UG Counselling 2024. It’s also Happy Teachers’ Day in India!
Nasdaq Inc (NDAQ) stock surged after Bank of America Securities analyst Craig Siegenthaler upgraded the stock to a Buy rating and raised its price target to $90. Siegenthaler believes Nasdaq is poised for growth driven by an expected rebound in initial public offerings (IPOs) and the company’s strong solutions and fintech segments.
Biotech company BioAge Labs, focused on developing treatments for metabolic diseases, has filed for an initial public offering (IPO) on the Nasdaq, aiming to raise up to $100 million. The company’s lead drug, Azelaprag, has shown promising results in preclinical studies and is being investigated in multiple Phase 2 trials for obesity and other metabolic conditions. BioAge also has a pipeline of NLRP3 inhibitors for neuroinflammatory diseases, with an IND application expected in the second half of 2025.
Prime Minister Narendra Modi continues his diplomatic mission in Southeast Asia with visits to Brunei and Singapore. In other news, Adani Enterprises is set to launch its first NCD issue, ECOS Mobility IPO is set to list, and Rahul Gandhi is set to launch his party’s campaign in Jammu and Kashmir.
Latvia’s national airline, airBaltic, is progressing towards its initial public offering (IPO) with a significant decision from the Cabinet of Ministers to simplify its share structure. This move, aimed at attracting new investors and enhancing transparency, will allow airBaltic to raise capital for growth and expansion, strengthening Latvia’s position in the global aviation industry.
This week in India, the IPO market is thriving with six new public issues scheduled. Meanwhile, experts weigh in on the impact of the Fed rate cut on gold prices, which have been declining in September. Heavy rainfall continues to batter coastal Andhra Pradesh and Telangana, leading to evacuations and casualties.
Oyo, the hospitality giant, is poised for significant growth in the current financial year, targeting a threefold increase in its profit to over INR 700 crore. This ambitious goal is driven by strong performance in key markets, including India and Southeast Asia, and recent profitability milestones.
Today’s news is packed with developments across various sectors. From political announcements to sporting events, business news, and space exploration, here’s a rundown of the key events.
Stay informed with the top news stories from India and around the world, covering political developments, financial updates, and major events on August 30. From Supreme Court hearings to GDP announcements, this digest will keep you in the loop.
