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Source: Live Mint Waree Energies IPO: The initial public offering (IPO) of the solar PV module manufacturer Waaree Energies Limited was subscribed to over eight times on the second day of the issue. The mainboard IPO opened for subscription on Monday, October 21, 2024, and will close on Wednesday, October 23, 2024. Waree Energies IPO…
Source: Live Mint The Competition Commission of India (CCI) on Tuesday, October 22, cleared telecom giant Bharti Airtel’s proposal to increase its stake in Indus Towers following a buyback of shares by the telecom infrastructure company. “The Commission approves an increase in the percentage shareholding of Bharti Airtel Ltd (Bharti Airtel) in Indus Towers Ltd…
Source: Live Mint Mumbai: Investors pumping in money into stocks of small- and mid-sized companies or smids have seen their wealth erode by a staggering ₹26 trillion since 20 September, when the market capitalisation of the relevant indices hit record highs. Comparatively, provisional data from the BSE shows that the top 10 companies by market…
Source: Live Mint Godavari Biorefineries Ltd, a producer of ethanol and bio-based chemicals, on Tuesday raised over ₹166 crore from anchor investors, ahead of its initial public offering (IPO) set to open for public subscription. Notable participants in the anchor round included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General,…
Source: Live Mint Mumbai: The Securities and Exchange Board of India (Sebi) On Tuesday issued a draft circular inviting public feedback on the criteria for recognizing digital platforms as Specified Digital Platforms (SDPs). According to Sebi, the recognition of these platforms is crucial to ensure they do not enable illegal activities related to securities, such…
Source: Live Mint Stocks to buy: Indian stock market benchmarks, the Sensex and the Nifty 50, declined by more than one percent each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 fell by 309 points, or 1.25%, to finish at 24,472.10. The mid and small-cap…
Source: Live Mint US stock indices edged lower on Tuesday, as Treasury yields rose amid the third quarter earnings. At the opening bell, the Dow Jones Industrial Average fell 54.8 points, or 0.13%, to 42,876.84. The S&P 500 fell 21.3 points, or 0.36%, to 5,832.7, while the Nasdaq Composite dropped 88.1 points, or 0.48%, to…
Source: Live Mint Jewellery manufacturer Sky Gold, on Tuesday, successfully raised ₹ 270 crore through a Qualified Institutional Placement (QIP) from renowned funds. The company has allotted 9,99,259 equity shares with a face value of ₹10 each at a price of ₹2,702 (including a premium of ₹2,692), raising a total of ₹269.99 crore. Following this…
Source: Live Mint In the fast-paced world of investing, finding a multibagger stock that can deliver extraordinary returns within a short period of time is the dream of every investor. Such dreams turned into reality for investors of Usha Martin as shares delivered a phenomenal return. The shares, valued at ₹141 each just two years…
Source: Live Mint With major equity markets near their all-time highs and gold shining equally brightly, investors face a dilemma: Should they ride the wave or prepare for a potential downturn? With growing uncertainties and stretched valuations, are risks overwhelming opportunities? Central banks worldwide are walking a tightrope between managing inflation and supporting economic growth,…
