The book-building phase of Select Technologies Limited’s Initial Public Offering (IPO) was oversubscribed by 3.2 times, with the issue fully subscribed at Rs34 per share, above the floor price of Rs28 per share, according to official transaction details. The company offered 66.67 million ordinary shares through the book-building process, attracting strong investor participation and reflecting r
The US dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. A broad sell-off in technology and semiconductor shares has dragged global stocks lower as investors take profits on a long rally, sparking safe-haven demand for dollar and bonds. Meanwhile, e
Gold extended losses on Wednesday, as bets on US interest rate hikes lifted the dollar, while investors assessed conflicting signals on the US-Iran peace talks. Spot gold fell 0.5% to $4,087.68 per ounce by 0116 GMT, hitting its lowest level since June 11. U.S. gold futures for August delivery declined 1.1% to $4,105.40. The dollar hit a more than one-year high, making bullion more expen
Oil prices fell more than 1% on Wednesday, extending this week’s losses and trading near four-month lows, on signs that more oil tankers stranded in the Gulf are set to move out of the Strait of Hormuz. Brent crude futures fell 78 cents, or 1.0%, at $76.30 a barrel as of 0350 GMT. US West Texas Intermediate slipped 78 cents, or 1.1%, to $72.43 a barrel. Both benchmarks settled down around 1%
An international investor has shown interest in buying the majority shares of TPL Trakker Limited, a subsidiary of TPL Corporation Limited, with TPL Holdings (Private) Limited serving as its ultimate parent company. “We are pleased to inform you that an international investment group has expressed its interest in acquiring majority shareholding stakes in TPL Trakker Limited, a subsidiary of TPL