Zinka Logistics IPO closes on November 18. The IPO opened on November 13 and aims to raise Rs 1,1142.72 crore. The issue is a combination of fresh shares and an offer for sale. The company’s IPO price band ranges between Rs 259 to Rs 273 per equity share and has seen steady retail participation. Zinka
Insurance Regulatory and Development Authority (IRDAI) Chairman Debasish Panda recently spoke of how India needs more global players to grow the insurance sector. Panda believes it is time to allow them to set up shop on their own without a local partner. A 100% foreign direct investment (FDI) policy, he says could bring in more
Indian markets have recently experienced significant fluctuations. Factors such as global developments, inflation worries, and varying interest rates have introduced volatility into the stock market. This has created a sense of uncertainty among numerous investors regarding the potential need to adjust their SIP (Systematic Investment Plan) contributions and whether it is an opportune time to
The Maharashtra Election on November 20 is the big cue for the markets this week. After a rather subdued week with the Nifty hovering around the 23500 support levels, the question is can the markets hold ground or is there room for more downside. Most experts believe that the results of the Maharashtra Elections along
Shares of Hero MotoCorp, India’s leading two-wheeler manufacturer, jumps over 5% to open at Rs 4,835 on NSE after the company reported a 14% growth in its standalone net profit for the second quarter, reaching Rs 1,204 crore. Revenue from operations during the reporting period increased by 11% year-on-year (YoY), reaching Rs 10,463 crore. The
SBI Group and Standard Chartered Ventures-backed B2B digital marketplace for micro, small, and medium enterprises (MSMEs), Solv, is planning an initial public offering by the end of 2026, CEO and board member Amit Bansal told Fe. The company aims to achieve Ebitda profitability by the time of listing, with current gross merchandise value (GMV) at
By V K Sharma The markets have fallen for six sessions on the trot! Foreign institutional investors (FIIs) still continue to sell, albeit at a slower pace than October. As compared to sales of Rs 1,14,446 crores last month, so far, they have sold stocks worth Rs 29,533 crores in the current month. The DIIs
Following a weak show in the September quarter, the earnings of the Nifty 50 companies have been revised downwards by 7% over the past six months. This has lowered the estimated earnings growth for FY25 to just 5%, the weakest since FY20. India Inc’s operating profits have grown at just 4% year-on-year (y-o-y) in Q2FY25
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
When it comes to amassing vast wealth, the general perception is that billionaires are just lucky. But the reality is different. Billionaires invest very wisely to grow their wealth. Their strategies are so effective that not only do they increase their wealth, but they also do not have to pay much tax. Let’s know what
After a brief lull in big-ticket IPOs, the Indian stock market is gearing up for another major listing – this time from a household name in consumer electronics. After Hyundai Motors India made waves last year, another South Korean giant, LG Electronics India, is ready to debut on the Indian stock exchanges. The consumer electronics
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on March 14 in observance of Holi. Trading in equities, derivatives, SLBs, currency derivatives, and interest rate derivatives will remain suspended for the day. The commodity derivatives segment will also be shut during the morning session from 9:00 am to 5:00
