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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,…
Source: Live Mint The initial public offer (IPO) of Godavari Biorefineries is set to hit the primary market on Wednesday, October 23. The company is looking to raise ₹554.75 crore via the three-day share sale. Godavari Biorefineries IPO is a mix of fresh issue and an offer for sale (OFS). The company is a major…
Source: Live Mint But in today’s hyper-connected digital world, we have access to more data and insights than ever before. This has made ‘guru investing’ more popular than ever. Replicating the investments of renowned and successful investors or investment managers is one of the most commonly used investment strategies. One such guru is Ramesh Damani, who…
Source: Live Mint IPO Review: The fourth week of October is seeing a flurry of initial public offerings, with four mainboard issues hitting the D-Street almost simultaneously, with just a day or two’s difference. Both the Waaree Energies IPO and the Deepak Builders & Engineers India IPO, which are opened between October 21-23, are fully…
