Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be India’s biggest ever IPO Mukesh Ambani’s $3.2 billion Jio Platforms IPO has drawn bids of about $25 billion from institutions including GIC, BlackRock and Fidelity, totalling almost 30 times the quota reserved for anchor investors,…
On September 28, the Indian stock market faced significant selling pressure, with indices dropping due to rising crude oil prices and global monetary tightening fears. The Nifty 50 fell 1.54%, closing below 23,000 for the first time since April, as multiple sectors showed losses. The Indian stock market came under severe selling pressure in Monday’s…
Sebi had sent show-cause notices to the companies in February 2024 for alleged lapses in disclosure of certain related-party transactions, highlighted in the Hindenburg report Five companies of the coal-to-port conglomerate Adani group have settled adjudication proceedings with market regulator Securities and Exchange Board of India (Sebi) for a cumulative amount of Rs 1.51 crore,…
Analysts believe that such high topline growth may be sustainable in the forthcoming quarter as demand continues to be strong. Q1FY27 delivered a strong earnings surprise, supported by broad-based improvement across consumption, exporters, BFSI and commodities. According to Nuvama estimates, aggregate PAT growth of BSE500 (ex-OMCs) for Q1 was very strong at 22 per…
Various countries, including the United States, enforce regulations on foreign monetary inflows, the Ministry of External Affairs (MEA) said. India on Friday responded to a remark made by a US lawmaker on the proposed Foreign Contribution (Regulation) Amendment (FCRA) Bill, stating that the matter is India’s ‘internal affair.’ Various countries including the United States, enforce…
Zepto, a quick commerce player, had received the Sebi nod for its IPO in April. Shares of Swiggy and Eternal have rallied today after reputed news channel reported on July 27 that Zepto is testing waters at an post-money IPO valuation of $3 billion from the $5 billion it was initially targeting, reinforcing investor…
During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion. India’s exports rose by 15.5 per cent to $40.41 billion in June, even as the trade deficit widened to $30.43 billion. Imports in June went up by about 31 per cent to…
Despite Wednesday’s gains, the stock continues to trade nearly 9 per cent below its IPO price, though it is about 8 per cent higher than its listing-day low on the NSE Shares of Waterways Leisure Tourism staged a sharp rebound on Wednesday, a day after a weak debut on the stock exchanges, with the…
Oman has reportedly lent its support to impose a fee on ship using the Strait of Hormuz despite the Donald Trump administration’s very public opposition to the plan, earlier proposed by Iran Oman has reportedly lent its support to impose a fee on vessels using the Strait of Hormuz despite the Donald Trump administration’s very…
The Nifty 50 index has surged past the crucial 24,000 mark, driven by short covering and lower crude oil prices. Market experts share their insights on resistance levels, potential pullbacks, and what investors can expect in the near term. Stock market benchmark Nifty 50 reclaimed the psychologically important 24,000 mark on 24 June, largely due…