Following a tepid start, food-tech unicorn Swiggy’s Rs 11,327-crore initial public offer got fully subscribed on the final day of the share sale on Friday and ended with 3.59 times subscription, largely thanks to qualified institutional buyers (QIBs). It received bids for 575.3 million equity shares against 160 million shares on offer, according to NSE
Markets ended a busy week with losses as foreign portfolio investors (FPIs) continued to pull out money from Indian equities. Nifty and Sensex fell 0.6% and 0.3%, respectively, during the week. With this, key indices have posted negative returns in five of the last six weeks. FPIs have been at the forefront of this selling
In a sign of correction or consolidation in the sector, the BSE PSU Index has declined by 13% from its peak value of 22,814, witnessed at the end of July. During the same period, the benchmark Sensex fell by only 3%. Prior to this correction, PSU stocks experienced a strong rally. Over the one-year period
Its official! The markets will remain shut on November 20 on account of Assembly elections in Maharashtra on that day. Both the exchanges- BSE and NSE issued official notice informing investors of the trading holiday. There will be no trading in equity, derivatives and SLB Segments. Settlements scheduled that day are all shifted to next
Reliance Power’s shares hit the 5% lower circuit at Rs 41.58 after the company was debarred by Solar Energy Corporation of India (SECI) from floating any tender for the next three years over fake tender documents. Reliance Power and its subsidiary Reliance NU BESS were debarred as it emerged as the lowest bidder for a project
Sagility India launched its IPO on November 06 to raise a total of Rs 2,106.60 crore. The company closed the bidding for its IPO subscription on November 07. It was subscribed almost 3.2 times more than the offered shares. The retail segment was subscribed 4.16 times, which was the highest bidding. The QIBs booked the
ACME Solar Holdings and Sagility India launched their IPOs in the first week of November. Sagility India has raised Rs 2,106.60 crore while ACME Solar Holdings has aimed to raise Rs 2,900 crore. The former is purely an OFS while the latter is a combination of fresh issue and OFS. Are you confused about which
Shares of state-run Rail Vikas Nigam Ltd (RVNL) fell over 6% to intra-day lows of Rs 443.30 on the NSE after the company announced its financial results for the September quarter, revealing a significant decline in profit and a modest dip in revenue. Profit & Revenue Decline RVNL reported a 27% year-on-year (YoY) drop in
India’s gig economy is poised for a major leap in 2025, with the hiring of gig workers in the quick commerce sector projected to rise by an unprecedented 60% compared to 2024, according to industry experts. The surge comes as leading e-commerce players like Amazon, Flipkart, and Myntra enter the quick commerce space, while existing
With key economic data releases on the horizon and corporate earnings in focus, investors are actively tracking stock movements across sectors to make informed decisions and navigate market trends. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open higher on Tuesday, January 7. Here’s a look
Investment by the Union government agencies and the central public sector enterprises (CPSEs) fell 10% on year to Rs 4.41 lakh crore in April-November of the current financial year as Railways and National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown. Railways and NHAI’s investments are largely funded
Power transmission developer Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The funds for refinancing were raised from the National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL). This is the first
Mumbai-based real estate developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of Rs 4,510 crore, showing 32% YoY growth in Q3FY25. With this, it has achieved pre-sales of Rs 12820 crore in 9mFY25 showing 25% YoY growth. Also ReadJockey India licensee Page Industries appoints Karthik
