Amid concerns in some quarters over the exorbitant valuation of certain initial public offerings, Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five compa
Jefferies Maintains ‘Buy’ recommendation on ITC, sees 17% upside
Jefferies has reaffirmed its positive stance on ITC, maintaining a ‘Buy’ rating with the potential upside of 17%, setting a target price of Rs 530 per share, emphasizing the company’s potential for growth in the future. According to jefferies report, ITC’s strategic focus on becoming future-ready through enhanced agility, innovation, strategic inve
Mcap of four of top-10 most valued firms decline by Rs 23,417 cr; Infosys, TCS biggest laggards
The combined market valuation of four of the top-10 most valued firms fell by Rs 23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark advanced 540.9 points or 0.84 per cent. While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced […]
The Year Ahead 2024: Bugs on digital highway
India’s rapid transformation to a digital economy gathered pace in 2023 with lots more innovation and some fresh legislation. Digital lending became widespread as the National Payments Corporation rolled out new products and Big Tech firms launched their offerings. Two defining pieces of legislation came into being, the Digital Personal Data Protec
Arbaaz Khan and Shura Khan are now married; Here’s their first wedding picture
In a heartwarming union, Bollywood actor Arbaaz Khan and his partner Shura Khan have officially become husband and wife. The couple exchanged vows in an intimate ceremony held on December 24 at the residence of Arbaaz’s sister, Arpita Khan Sharma, in Mumbai. The wedding, characterized by its understated elegance, saw the completion of the nikaah [&
Crypto in transition: Lessons from the downfall of titans
By Rajagopal Menon Bitcoin was created nearly a decade and a half ago to overcome the limitations of the current financial system. It is ironic that 2023 has claimed two crypto titans for the sort of excesses that traditional finance has been engaging in since its existence. The upheavals around FTX and Binance show a […]
Agartala Akhaura rail link project: PM Modi, Bangladesh PM Sheikh Hasina inaugurate cross-border rail link- See Photos
1/9 A decade after the signing of a Memorandum of Understanding (MoU) between India and Bangladesh in 2013, the first Indo-Bangla international railway connectivity in Northeast India has been inaugurated. The inauguration was done jointly by Indian Prime Minister Narendra Modi and Bangladesh Premier Sheikh Hasina from New Delhi and Dhaka respectiv
Stocks to Watch: ICICI Bank, Adani Enterprises, TVS Motor Company, Honasa Consumer
Stocks in Focus: GIFT Nifty traded flat at 19, 885 down merely 4 points, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 advanced 28.45 points or 0.14% to settle at 19,811.85, while the BSE Sensex gained 92.47 points or 0.14% to […]
Innova Captab IPO subscribed 3.53 times on day two of offer
The initial public offer of integrated pharmaceutical company Innova Captab got subscribed 3.53 times on the second day of offer on Friday.The Rs 570 crore-initial share sale received bids for 3,20,55,177 shares against 90,78,010 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 5 times subscription whil
Tata Power surges to new highs, becomes the sixth Tata Group company to surpass the Rs 1 lakh crore market cap
Tata Power, one of the leading players in the Indian power sector, has been on an impressive upward trajectory since the onset of the new financial year, 2023-24. The company’s shares, which found a bottom at approximately Rs 185 per share in March 2023, have witnessed a remarkable ascent, consistently reaching new highs. Tata Power’s […]