Go to Live UpdatesAfcons Infrastructure IPO 2024 Live: Afcons Infrastructure’s initial public offering (IPO) saw a strong subscription of 2.63 times on the final day of bidding, October 29. The initial share sale received bids for 22.78 crore shares against the 8.66 crore shares available, according to NSE data. The non-institutional investor (NII) portion was
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Wednesday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,450 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday
Ola Electric’s shares declined 3.5% on Tuesday, slipping below the IPO price of Rs 76 for the first time since its listing on August 9. The stock touched an intraday low of Rs 74.84 on the NSE before closing at Rs 76.64. Ola Electric Mobility had a lukewarm market debut, listing at the upper band
The average daily turnover in the equity cash segment has declined for fourth consecutive month in October, falling from the high of Rs 1.64 lakh crore in June to Rs 1.14 lakh crore this month. The decline is more pronounced in October, with volumes hitting the lowest levels in seven months as the sentiment has
Religare Broking has picked a total of five stocks for Samvat 2081. The brokerage house has selected SBI, ITC, Titan Company, Berger Paints India, and Jyothy Labs. The brokerage firm has given the rationale behind these stocks. State Bank of India State Bank of India (SBI), India’s largest public sector bank, holds a strong 22-23%
The full-service stock broker Anand Rathi is all set for Diwali 2024. The brokerage has selected a pack of stocks to invest in Samvat 2081. The brokerage firm has picked five stocks to lighten up Samvat 2081. Here are the top picks of Anand Rathi: Interglobe Aviation InterGlobe Aviation, known as IndiGo, is India’s leading
Earnings disappointment and Chinese stimulus has seen foreign investors taking out money from India. But Sankaran Naren is also worried about investors’ overenthusiasm in the derivatives market. He tells FE that the RBI is unlikely to cut rates in December if growth rates don’t go down materially. Excerpts: After a wonderful run of almost five
By Siddharth Vora When you’re driving a car and approach a bumpy road, you shift to a lower gear to gain better control. This helps you maintain a slower, more manageable speed, making it easier to handle bumps and obstacles safely. On the highway, though, you shift into a higher gear for better fuel efficiency
The quick commerce companies in India are likely to report higher losses in the January-March quarter as compared to October-December quarter, owing to higher costs to tackle rising competition in the sector, according to analysts. “Most investors expect Q4 quick commerce losses to be higher than Q3,” BofA Securities said in a recent note. Analysts
The Central Board of Direct Taxes entered into 174 advance pricing agreements with Indian taxpayers in FY25. The number sets a new record for the agency and includes unilateral APAs, bilateral APAs and multilateral APAs. This also takes the total number of APAs signed since the inception of the program to 815. According to details shared
Adani Group plans to raise $4 -5 billion for its projects in Khavda and Mundra in Gujarat in the next few months, said sources familiar with the matter. Adani is building a 30 GW renewable energy park in Khavda, Gujarat, which will be the largest renewable energy park in the world. The plant will produce
Aditya Birla Real Estate (ABREL), formerly known as Century Textiles and Industries, has sold Century Pulp and Paper (CPP), located in Lalkuan, Uttarakhand, to ITC for Rs 3,498 crore through a lump-sum sale. ALSO READImported coal-based power plants may see tech upgrade to use local fuel JM Financial Limited acted as the exclusive financial advisor
Haldirams on Monday announced that the UAE’s International Holding Company (IHC) and Alpha Wave Global would invest in the business in the ongoing round, which also saw participation from Singapore’s Temasek. The company did not disclose the stake these two companies would acquire. However, industry sources suggested that they are likely to get around 5-6%
