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The Gem Aromatics Ltd IPO has entered its second day of subscription and continues to attract investor attention. The IPO, listed under the SME segment , has gained momentum with strong participation from both retail investors and non-institutional investors (NII) . Investors are also closely tracking the Grey Market Premium (GMP) , which provides early indications of listing gains. On Day 2 , the IPO witnessed healthy bidding activity: Overall Subscription: 1.35× Retail Investors: 1.53× Non-Institutional Investors (NII): 1.11× This indicates stronger traction among retail participants , while NIIs are gradually increasing their bids. The GMP of Gem Aromatics IPO has been hovering in the positive zone, suggesting investors are expecting moderate listing gains. While GMP is not an official indicator, it often reflects market sentiment and demand before listing. Important IPO Dates IPO Open Date: 19 August 2025 IPO Close Date: 21 August 2025 Allotment Date (...

  On August 19, 2025 , the Indian government cleared a landmark ₹62,000 crore contract to acquire 97 Tejas Mk-1A fighter jets from Hindustan Aeronautics Limited (HAL) . The move signals a major leap toward self-reliance in defence manufacturing and a strategic enhancement of the Indian Air Force’s capabilities. What’s in the Deal? Scale & Scope : The order covers 97 advanced LCA Tejas Mk-1A jets , bringing the total Mk-1A commitment to 180 units . What Makes Mk-1A Special : Upgraded avionics and sensors, including AESA radar variants (EL/M-2052 or indigenous Uttam), advanced electronic warfare systems, in-flight refueling, and enhanced weaponry. Strategic Context Modernizing the IAF : The Mk-1A jets are set to phase out India’s aging MiG-21 fleet. ‘Make in India’ Momentum : With over 65% indigenous content , the deal advances both the Make in India and Atmanirbhar Bharat agendas. Market & Industrial Impact Stock Market Response : HAL shares surged 3–4% ...

 On 17 August 2025 , the State Bank of India (SBI) —India’s largest mortgage lender—raised the upper band of its home loan interest rates by 25 basis points , effective 1 August 2025 , elevating it from 8.45% to 8.70% , while maintaining the lower limit at 7.50%.  This change comes amid the RBI’s decision to hold the repo rate steady at 5.55% during its August monetary policy review. What Does This Mean for Borrowers? For prospective home loan applicants, this adjustment translates to higher borrowing costs and potentially increased EMIs , depending on their credit profile and the interest rate band they fall into. Current Home Loan Rates at Major Banks Bank Interest Rate Range SBI 7.50% to 8.70% (new upper limit) HDFC Bank Starting from 7.90% (home, balance transfer, renovation, extension) ICICI Bank 7.70% onwards (₹5 crore loans); varies by profile and loan size (8.75% to 9.80%) Kotak Mahindra Bank Starting 7.99% ; floating-to-fixed switch at 12% Bank of Baroda (BoB)...

 PNB Housing Finance shares plunged by nearly 10% to ₹887.60 following the announcement that MD & CEO Girish Kousgi will resign to pursue external opportunities, effective October 28, 2025 . His resignation was accepted at a board meeting held on July 31, 2025 . 🔍 Share Price Reaction & Immediate Impact Around 9:28 AM on August 1, 2025 , the stock hit the lower circuit band, trading around ₹887.60—a drop of nearly 10%. Other reports indicated that in morning trades, shares declined nearly 15%, with intra-day lows hitting ₹838.30 on BSE. 💼 Leadership Change: What Happened & Why It Matters Girish Kousgi tendered his resignation on July 30 , which was accepted on July 31, 2025 . He will work closely with the board and senior management to oversee a smooth transition until his final day at the end of October 2025. Kousgi also resigned as director of subsidiary entities— PHFL Home Loans and PEHEL Foundation . 🔄 Search for Successor The company confirm...

  The Indian Institute of Banking Personnel Selection (IBPS) has activated the application correction window for the 2025 recruitment cycle of Probationary Officers (PO/MT‑XV) and Specialist Officers (SO/SPL‑XV) . Registered candidates can log in to ibps.in and make permitted edits until August 1, 2025 . 📅 Important Dates & Eligibility Correction Window : July 31 – August 1, 2025 Eligibility : Only candidates who have successfully submitted their original application and paid the required fee within the initial timeline are allowed to make corrections. ✏️ What You Can & Can’t Change ✅ Editable Fields Academic qualifications Personal details (excluding critical fields below) Job centre/location preferences Category, within specific allowed switches: Candidates originally under GEN/EWS/OBC‑NCL may change to GEN, EWS, OBC‑NCL, SC, ST, or PwBD Candidates under SC/ST/PwBD are limited to changes within those categories only. ❌ Non-editab...

NSDL IPO GMP Live Update: Should You Subscribe to India’s Largest Depository’s Public Issue? 📌 Introduction: NSDL IPO Opens to Public — A Historic Moment for India’s Financial Markets The much-anticipated NSDL IPO opened for public subscription on July 30, 2025 , and entered its second day  with strong investor interest. Backed by India's biggest financial institutions and commanding a dominant market position, the ₹4,011 crore IPO of National Securities Depository Limited (NSDL) is drawing attention from retail and institutional investors alike. 💼 IPO Details: Key Facts You Need to Know IPO Size : ₹4,011 crore Type : 100% Offer for Sale (OFS) Price Band : ₹775 – ₹800 per share Lot Size : 18 shares Minimum Investment (Retail) : ₹13,680 Subscription Dates : July 30 to August 1, 2025 ⚠️ Note: Since it is an Offer for Sale, NSDL will not receive any proceeds. Funds go to existing shareholders exiting partially, including SBI, NSE, HDFC Bank, IDBI Bank, a...