Transrail Lighting Ltd has raised ₹246 crore from anchor investors, including ICICI Prudential Mutual Fund and Tata Mutual Fund. According to a circular put up on BSE’s website, other major anchor investors include Winro Commercial (India) Ltd, Bengal Finance and Investments, SBI General Insurance Company, and LIC Mutual Fund. The company has allotted 56.94 lakh…
The Indian stock market fell sharply on Thursday, 19th December. Sensex dipped to nearly 1,200 points while Nifty crashed to the level of 23,870. This was after US Federal Reserve indicated that it would no longer continue its earlier spree of rate cutting and instead maintain a relatively slower pace of rate cuts in the…
Mobikwik IPO: Allotment Date, Subscription Updates, GMP, and Listing Insights The One Mobikwik Systems Limited IPO ended on 13 December 2024. Share allotment date is yet to be announced and investors are eagerly waiting for the news. The listing will take place within three working days from the allotment date, as per the ‘T+3’ rule….
Switzerland Suspends MFN Status for India: What it Means to Investors Switzerland suspends the Most Favoured Nation (MFN) status for India under the Double Taxation Avoidance Agreement (DTAA), a move that would have its effect on Indian investors, particularly those in IT, pharmaceuticals, and financial services. Suspension of the MFN status implies that the country’s…
Bitcoin breaks $100,000 for the first time as record-shattering 2024 rally resurfacesBitcoin cracked the long-feared $100,000 barrier for the first time late Wednesday as the record-shattering 2024 rally resurfaced. The cryptocurrency rallied more than 2%, to $101,510.10 Thursday according to Coin Metrics, hitting a high of $103,844.05 before some selling by investors. This is coming…
Citing investor objections, the parent company to MapmyIndia, CE Info Systems, has put on the backburner the ₹ 35 crore B2C venture being pushed by CEO Rohan Verma. This is after objections voiced by investors to an investment plan cleared by the board on November 29. As defined by the new strategy, Verma would join…
Ganesh Infraworld IPO: The Rs 99.07-crore SME IPO of Ganesh Infraworld Ltd, opened on 29 November, fetched more than 23 times subscription as of the second day of bidding. Until 5:00 pm Monday, the SME IPO secured 23.15 times subscription, with bids for 17,33,34,400 shares against 74,86,400 shares issued for sale. The IPO is going…
Chennai: It has seized ₹8.8 crore in cash from the corporate office of the famous ‘lottery king’ of Chennai, Santiago Martin. Officials say that Martin had himself donated over ₹1,300 crore through now-abolished electoral bonds. Reports said that the ED conducted searches across several states in a money laundering case involving Martin. The operation came…
Niva Bupa Health Insurance IPO listing: Shares of Niva Bupa Health Insurance began well in the market yesterday on Thursday, 14 November while quotes trading opened on NSE at ₹78.14-an appreciation of 5.5% above the issue price at ₹74. In the BSE quotes began at ₹78.5, up 6.08% over the issue price. The ₹2,200-crore IPO…
Asian Paints released its financial results for Q2FY25 on Saturday, November 9, revealing a significant 42.4% year-on-year drop in consolidated net profit, which amounted to ₹694.64 crore compared to ₹1,205.42 crore in the same quarter last year. The company also saw a decline in revenue from sales, which fell by 5.3% YoY to ₹8,003.02 crore,…
