Business

Srigee DLM IPO Day 1: Unlisted shares of Srigee DLM Ltd are trading at Rs 124 apiece in the grey market, which is a 25.25% premium over the upper IPO price of Rs 99. Check category-wise subscription status. Source

India Business News: Gold price prediction today: Gold prices are experiencing volatility due to US-China trade tensions and geopolitical concerns. Recent US data indicate Source

The maker of Pepsi beverages and Frito-Lay snacks said it now expects its core earnings per share to be even with last year. Previously it expected mid-single-digit percentage growth. Source

The Kenrik Industries IPO was opened for public subscription on April 29 and will be closed tomorrow, May 6. Source

India Business News: Yes Bank shares plunged 7.4% to Rs 21.55 following reports of a 3% equity stake changing hands via block deals, potentially involving a PE investor. Source

Enforcement Directorate raids Gensol Engineering Ltd, detains co-promoter Puneet Singh Jaggi in Delhi for alleged financial misconduct and fund diversion. Source

Oil prices drop as OPEC+ hikes production despite oversupply and trade war fears. Stock markets mixed before central bank decisions. Source

India Business News: US Commerce Secretary stated that India’s shift towards purchasing US military equipment is fostering a stronger trade relationship, potentially leadi Source

Indian Oil Chairman Arvinder Singh Sahney said that all purchase decisions would be purely on commercial basis, and there was no “mandate” for the company to buy more oil from any country Source

On the sidelines of the ADB meet, Sitharaman met Kanda and Giorgetti to discuss various economic issues facing the world and the Asian region. Source