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
British billionaire Sir Jim Ratcliffe acquires 25% stake in Manchester United for over £1 billion, eyes club’s revitalisation
British petrochemical billionaire Sir Jim Ratcliffe is set to acquire a 25% stake in one of most premier English Football Clubs – Manchester United. The deal was confirmed by Manchester United and Ratcliffe-controlled INEOS, a London-based multinational conglomerate on Sunday. As per the agreement, Ratcliffe has splurged over £1bn to acquire 25% of
Will Nifty reclaim 20200 or fall in trade? 8 things to know before share market opens
GIFT Nifty traded 20,134 up 13 points or 0.06%, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. “Markets edged strongly higher […]
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 […]
Mcap of four of top 10 most-valued firms rise Rs 65,671 crore; Reliance biggest winner
The combined market valuation of four of the top-10 most-valued firms climbed Rs 65,671.35 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 175.31 points, or 0.26 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, and Bharti Airtel were the gainers, Tata Consultancy Services (TC
Chinese Premier visits quake-affected areas; ensures safety of distressed people
Chinese Premier Li Qing has asked the rescue and relief teams to make sure that people in the quake-hit areas live through the winter safely as he visited the affected villages in northwest China. Li visited several villages in Jishishan County of Gansu province as well as Minhe County in the neighbouring Qinghai province on […]
Jefferies financial tour reveals resilient outlook amidst challenges in Indian banking sector
In a comprehensive financial tour across three major cities in India, global investment banking firm Jefferies conducted over 20 meetings in a span of 5 days, delving into insights from both banking and non-banking financial sectors. The key takeaways provide a nuanced view of the current state of India’s financial landscape. From Banks: Jefferies
Share Market Highlights: Nifty settles below 20,950, Sensex near 69,500; Realty stocks drops over 2%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 dipped 90.70 points or 0.43% to settle at 20,906.40, while the BSE Sensex dropped 377.50 points or 0.54% to 69,551.03. The broader indices ended in negative territory, with fall [
In Memoriam: Charlie Munger
The global financial markets have lost a legend with the passing of Charlie Munger, aged 99 on Tuesday night in California. One of the brightest stars in the investing firmament and known for his wit and financial wisdom, he was more than what his job title as the vice-chairman of Berkshire Hathaway could ever encapsulate. […]
Share Market Highlights: Nifty settles above 21,250, Sensex near 71,000: Bank Nifty falls more than 300 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 gained 94.35 points or 0.44% to settle at 21,349.40, while the BSE Sensex jumped 241.86 jumped or 0.34% to 71,106.96. The broader indices ended in positive territory, with gains [&