Connect with us

Business

EPZA Lahore office closure causes alarm | The Express Tribune

Published

on

EPZA Lahore office closure causes alarm | The Express Tribune


.

LCCI says rupee’s weakness adding to the country’s economic woes. PHOTO: LCCI


LAHORE:

The Lahore Chamber of Commerce and Industry (LCCI) has expressed concern over reports that the Export Processing Zones Authority (EPZA) intends to shut down its regional office in Lahore.

The decision appears rushed and lacking justification, according to a statement released by LCCI on Friday. The chamber noted that the new EPZA chairman reportedly initiated the proposal immediately after assuming charge without fully examining its implications for Punjab’s business sector.

LCCI highlighted that whilst the EPZA head office is based in Karachi, all matters related to Punjab’s Export Processing Zones, including those in Sialkot and Gujranwala, have long been handled efficiently through the Lahore office. Closing this office could create an administrative gap and weaken coordination.



Source link

Business

BSE Places RRP Semiconductors, 8 Others In Weekly Trading Basket With Surveillance Measures

Published

on

BSE Places RRP Semiconductors, 8 Others In Weekly Trading Basket With Surveillance Measures


New Delhi: Bombay Stock Exchange (BSE) has imposed a new weekly trading surveillance measure on nine stocks, including RRP Semiconductors, to address excessive volatility following unusual price movements in the stocks. 

The exchange announced that starting November 10, 2025, new measures will apply to companies exclusively listed on BSE under specific groups, that trade above Rs 100, have a 2 per cent price band, and possess a price/earnings (PE) ratio greater than 500 or negative, and that have reached the upper price band for two consecutive weeks.

“In continuation of our endeavour to maintain market integrity and curb excessive price movement in securities listed exclusively on the BSE trading platform, a need has been felt to further strengthen the extant surveillance measures,” the exchange said in a statement.

Add Zee News as a Preferred Source


BSE included nine stocks in this measure including, Citizen Infoline, Colab Platforms, Dugar Housing Developments, EMA India, Mardia Samyoung Capillary Tubes Company, Omansh Enterprises, Oswal Overseas, RRP Defense and RRP Semiconductor.

Securities placed under this measure can only trade once a week, either on Monday or the first trading day of the week, within a 1 per cent price band. BSE announced that identification of stocks will occur weekly on Fridays or the last trading day of the week, with quarterly reviews for exiting the framework and with a minimum one-month retention.

BSE also said that the new framework will be in addition to all other prevailing surveillance measures being imposed by the exchanges from time to time. The exchange also clarified that “the shortlisting of securities under this framework is purely on account of market surveillance, and should not be construed as an adverse action against the concerned company.”



Source link

Continue Reading

Business

PhysicsWallah IPO: Think Investments Buys Rs 136 Crore Stake Ahead Of Issue Opening On November 11

Published

on

PhysicsWallah IPO: Think Investments Buys Rs 136 Crore Stake Ahead Of Issue Opening On November 11


Last Updated:

Think Investments invested Rs 136 crore in PhysicsWallah ahead of its Rs 3,480-crore IPO.

PhysicsWallah IPO will open on November 11 and conclude on November 13.

PhysicsWallah IPO will open on November 11 and conclude on November 13.

Global investment firm Think Investments has invested a little over Rs 136 crore in edtech unicorn PhysicsWallah as part of a pre-IPO funding round.

The fresh infusion comes as the company gears up for its upcoming initial public offering (IPO) next week.

As part of the transaction, Think Investments picked up 1.07 crore equity shares, amounting to 0.37 per cent stake in PhysicsWallah from 14 employees of the edtech firm.

The shares were bought at Rs 127 per piece, which is 17 per cent above the issue price. This translates into a transaction size of Rs 136.17 crore.

“Pursuant to share purchase agreement dated November 3 read with the amendment letter dated November 3, 2025 entered into, 14 employees of the company have transferred an aggregate of 10,722,708 equity shares… to Think India Opportunities Master Fund LP on November 4, for an aggregate consideration of Rs 136.17 crore,” PhysicsWallah said in a public announcement.

Think Investments is a USD 4 billion global investment firm, focusing on backing technology-driven early-stage businesses. In India, Think Investments has built a diverse portfolio with investments in some of the prominent companies, including Swiggy, FirstCry, Urban Company, PharmEasy, Experian, Spinny, NSE, Star Health, Meesho, Rapido, Chaayos, and Dream11.

PhysicsWallah is preparing to launch its Rs 3,480-crore initial public offering (IPO), opening on November 11. The firm has fixed a price band of Rs 103-109 per share, targeting a valuation of over Rs 31,500 crore at the upper end.

The IPO includes a fresh issue of Rs 3,100 crore and an offer-for-sale (OFS) of Rs 380 crore by co-founders and promoters Alakh Pandey and Prateek Maheshwari.

Together, the promoters currently hold 80.62 per cent of the company, which will reduce to 72 per cent post-IPO. Notably, none of the early investors will sell their stakes in this offering.

The issue will close on November 13, with anchor investor allocation scheduled for November 10.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

Follow News18 on Google. Join the fun, play QIK games on News18. Stay updated with all the latest business news, including market trendsstock updatestax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
News business ipo PhysicsWallah IPO: Think Investments Buys Rs 136 Crore Stake Ahead Of Issue Opening On November 11
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Continue Reading

Business

Nasdaq slides: Index posts steepest weekly drop since April; AI rally doubts weigh on tech stocks – The Times of India

Published

on

Nasdaq slides: Index posts steepest weekly drop since April; AI rally doubts weigh on tech stocks – The Times of India


Representative image (Picture credit: AP)

The Nasdaq Composite ended slightly lower on Friday but posted its sharpest weekly loss since early April, as investors questioned how long the artificial intelligence boom could sustain recent market highs. The index slipped 0.21% to 23,004.54, bringing its total weekly fall to around 3%, while chipmakers and technology shares led the declines.Despite this pullback, the Nasdaq has surged more than 50% since April, when US President Donald Trump announced wide-ranging tariffs, with AI optimism lifting markets to record levels. However, sentiment cooled this week after Nvidia CEO Jensen Huang was quoted by The Financial Times as saying that China may surpass the US in the AI race. “We’re seeing this AI selloff continue after the comments we had about China winning the AI race,” said Michael O’Rourke, chief market strategist at JonesTrading in Stamford, Connecticut, as per news agency Reuters. He added that the sector’s weakness reflected “a recalibration of multiples” and some investors taking profits after a strong run.The S&P 500 rose 0.13% to 6,728.81, and the Dow Jones Industrial Average gained 0.16% to 46,987.10, both rebounding late in the session after reports suggested progress in ending the longest federal government shutdown in US history. The global equities index MSCI (.MIWD00000PUS) slipped 0.07%, and the STOXX 600 in Europe lost 0.55%, as weak trade data from China renewed worries over slowing global growth.Chinese exports fell 1.1% in October, the steepest decline since February, underscoring the damage from Trump’s tariffs and denting investor confidence across Asia.In the bond market, US treasury yields edged down after surveys pointed to worsening consumer sentiment. The University of Michigan’s preliminary index for November dropped to 50.3, the lowest since June 2022, driven by record-low views of current economic conditions amid concerns over the shutdown. The 10-year Treasury yield eased slightly to 4.091%.The US dollar weakened against major currencies, with the dollar index slipping 0.11% to 99.57. The euro firmed to $1.1563, while the yen weakened to 153.45 per dollar. As per Reuters, the shutdown has delayed key economic reports, though current indicators suggest the economy remains resilient, potentially reducing pressure for the Federal Reserve to cut rates at its December meeting.Meanwhile, oil prices rebounded on optimism after Trump met Hungary’s Prime Minister Viktor Orbán at the White House, fuelling hopes that Hungary could use Russian crude. US crude settled 32 cents higher at $59.75 per barrel, while Brent rose 25 cents to $63.63. Gold prices also firmed as investors sought safety amid uncertainty.





Source link

Continue Reading

Trending