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
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the
After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will
After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading
By Anand James One point at the start of last week was how strong an offensive could the bears launch. At that point, we were just coming off a sub 25 RSI level, which had historically favoured a bounce back. But such moves also held a strong chance of fizzling out quickly. This is why
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
