Fedbank Financial Services shares are listed at a 1.60% discount at Rs 137.75 on the BSE and at Rs 138 on the NSE, compared to the issue price of Rs 140. The public issue was subscribed to 2.24 times on the last day of the offering. “The only disappointing debut on the stock markets today […]
Defence stocks in focus amidst global uncertainty: Is it an opportunity for invest?
In the aftermath of ongoing geo-political disturbances, India’s defence sector has emerged as a beacon of strength. While the stock markets have been grappling with the uncertainties of post-war repercussions, a handful of defence stocks have defied the trend, presenting a unique opportunity forinvestors. This surge in defence stocks can be attribu
Diwali 2023: PM Modi celebrates the festival of lights with security forces at Himachal’s Lepcha – See Photos
1/10 Prime Minister Narendra Modi on Sunday celebrated Diwali with soldiers in Himachal Pradesh’s Lepcha and hailed the unwavering courage of the security forces. Since coming to power in 2014, Modi has been visiting military facilities to celebrate Diwali. (PTI Photos) 2/10 The prime minister shared photographs of his interactions with the soldier
First rupee payment for oil to UAE: India looks for more deals and no targets, say officials
India’s first-ever payment in rupees for crude oil purchased from the UAE is helping the world’s third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per […]
IREDA’s IPO Opens For Subscription: Should You Invest Or Not?
Indian Renewable Energy Development Agency IREDA’s Initial Public Offering (IPO) opens on November 21, with a total issue size of Rs 2,150 crore and a price band set at Rs 30-32 per share. The IPO consists of 67.19 crore shares, including a fresh issue of 40.32 crore equity shares by IREDA and an offer-for-sale of […]
Reliance, Disney ink non-binding agreement for merger
Reliance Industries Ltd (RIL) and Walt Disney signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, said people with knowledge of the matter. The 51:49 stock-and-cash merger in favour of the Mukesh Ambani-led group is expected to get finalised with a view […]
Bumper debut by Tata Tech, opens with striking 140% premium on IPO price
Tata Technologies, a subsidiary of Tata Motors (TML), marked a significant milestone on Thursday, November 30, as it debuted on the market at a remarkable 140% premium to its issue price of Rs 500. The stock opened at Rs 1,200 on the NSE and ₹1,199.95 on the BSE, and made an intraday high of Rs […]
Rupee rises 12 paise to settle at 83.15 against US dollar
Rising for the first time this week, the rupee appreciated by 12 paise to settle at 83.15 against the US dollar on Friday amid a weak American currency and positive equity market sentiment. The Indian currency, however, remained under pressure due to continuous upward movement in the crude oil price triggered by evolving geopolitical situation [&he
Flight disruptions at Delhi airport: Due to dense fog, zero visibility, operations hit – Check current condition
The Delhi airport on December 25 diverted eight flights between 6 am to 9 am due to bad weather conditions, PTI reported earlier citing an official. While seven flights were diverted to Jaipur, one saw a diversion to Ahmedabad. Keeping yesterday’s figures in mind, what can be expected today? The latest weather prediction published by […]
SoftBank sells shares worth USD 310 million in FirstCry
Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. “SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With this sale, SoftBank […]