Modern Insulators Ltd News
Stylework eyes IPO by FY28, to raise $6 million in pre-Series B round
The company is in the process of closing $6 million in pre-Series B funding
 "Stylework eyes IPO by FY28, to raise $6 million in pre-Series B round")
Sebi considers ESOP relaxation for startup founders ahead of IPOs
Currently, ESOPs are reserved for employees, and the Companies (Share Capital and Debentures) Rules, 2014, prohibit their issuance to promoters. However, startups are eligible for certain relaxations
 "Sebi considers ESOP relaxation for startup founders ahead of IPOs")
KEI, Polycab shares get electric shock, drop upto 15% as Adani enters mkt
KEI Industries, Polycab India shares: KEI Industries share price plunged 14.5 per cent intraday to a low of Rs 2,802 per share. Polycab India share price, meanwhile, fell 9.6 per cent intraday
 "KEI, Polycab shares get electric shock, drop upto 15% as Adani enters mkt")
Markets rally for a fourth day on US Federal Reserve's rate cut forecast
The Sensex jumped 899 points, or 1.2 per cent, to close at 76,348, while the Nifty 50 index gained 283 points, or 1.2 per cent, to end at 23,191
 "Markets rally for a fourth day on US Federal Reserve's rate cut forecast")
PhysicsWallah files draft red herring prospectus via confidential route
The Noida-based firm has taken the confidential pre-filing route, which means the financial details will not be made public immediately
 "PhysicsWallah files draft red herring prospectus via confidential route")
Bank of England holds interest rate at 4.5% as inflation remains high
Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction
 "Bank of England holds interest rate at 4.5% as inflation remains high")
