Wednesday, September 16
Frankfurt: The car industry in the EU on Monday viewed the trade deal struck with the United States as a de-escalation -- but one that still puts sand in its gearbox.German auto companies in particular were in for a great deal of export pain, as their share prices indicated. Shares in Porsche, Volkswagen, BMW and Mercedes-Benz all lost more than three percent in trading Monday.The agreement eases "the intense uncertainty surrounding transatlantic trade relations in recent months", Europe's main auto group, the European Automobile Manufacturers' Association (ACEA), said in a statement welcoming the deal "in principle".But it noted that the 15 percent US tariffs imposed on EU goods including cars "will continue to have a negative impact not just for industry in the EU but also in the US".Ger
The Initial Public Offering (IPO) of National Securities Depository Limited (NSDL), set to open for subscription tomorrow, is attracting strong investor interest in the grey market, with a premium (GMP) ranging from Rs 136 to Rs 138 per share.At the upper end of the price band, fixed at Rs 800, this reflects a premium of around 17%.Though GMPs are unofficial and derived from off-market trading, they are often considered an early indicator of investor sentiment. The strong premium suggests robust demand and optimistic expectations for listing day gains, especially considering NSDL’s foundational role in India’s financial infrastructure and its association with prominent institutional shareholders.NSDL IPO price band and offer sizeThe price band for the NSDL IPO has been fixed between Rs
