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Source: Live Mint The September quarter (Q2FY25) results of FSN E-commerce Ventures Ltd, the parent of Nykaa, showcased robust growth in the beauty business, while fashion was sluggish—mirroring a trend seen in the previous few quarters. Revenues increased 24% year-on-year to ₹1,875 crore, and the Ebitda margin at 5.5% was slightly below estimates. Beauty gross…
Source: Live Mint The State-owned renewable energy giant said on Monday that it has raised around ₹3,960 crore from investors in its anchor round, according to the exchange filing, ahead of the company’s proposed initial public offering (IPO). As per the exchange filing, the company has allocated 36,66,66,666 or 36.66 crore equity shares to the…
Source: Live Mint IPO News Today Live Updates: Navigate the dynamic world of initial public offerings with our dedicated IPO News section. Here, we bring you the latest updates on companies stepping into the public market, offering insights into their financial strategies, valuation, and market reception. Whether you’re an investor looking for new opportunities or…
Source: Live Mint Top Gainers and Losers Today : **The Top Gainers and Losers Today**: The Nifty 50 index concluded the trading session at 23,532.7, reflecting a decline of 0.34%. Throughout the day, the index reached a peak of 23,606.8 and a trough of 23,350.4. The Sensex experienced fluctuations within a range of 77,886.97 and…
Source: Live Mint US stocks were mixed on Monday, as investors awaited crucial earnings especially from chip giant Nvidia and on lingering concerns that the Federal Reserve is not in a rush to cut interest rates further. The Dow Jones Industrial Average fell 35.21 points, or 0.08 per cent, to 43,409.78, the S&P 500 rose…
Source: Live Mint ArisInfra Solutions IPO: ArisInfra Solutions Limited received the green signal from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company submitted its draft red herring prospectus (DRHP) to the market regulator on August 14, 2024. ArisInfra Solutions Limited is a business-to-business (B2B) firm which…
Source: Live Mint Waaree Energies Q2 Results: Waaree Energies Limited announced their July to September quarter results on Monday, November 18. The company recorded a 17 per cent rise in net profits to ₹375.65 crore in the second quarter of the financial year 2024-25, compared to ₹320.12 crore in the same quarter the previous year,…
Source: Live Mint IPO buzz fizzling out: Despite the ongoing excitement surrounding initial public offerings (IPOs), a sense of fatigue appears to be creeping into the IPO market recently. So far in November, Afcons Infrastructure Ltd (2.6x), Sagility India Ltd (3.2x), Swiggy Ltd (3.6x), ACME Solar Holdings Ltd (2.8x), and Niva Bupa Health Insurance Company…
Source: Live Mint Zinka Logistics Solutions IPO: The Flipkart-backed initial public offering (IPO) of Zinka Logistics Solutions Limited opened for subscription on Wednesday, November 13, and closed after the market session on Monday, November 18. The IPO was subscribed 1.86 times on the third and final day of the bidding process, as investors bid for…
Source: Live Mint Indian Inc reported a disappointing performance for the September quarter (Q2FY25), with several companies posting weaker-than-expected results. This underwhelming performance triggered a sharp selloff in the equity markets, raising investor concerns about a potential slowdown in the Indian economy. The weak earnings have also dampened the sentiment of overseas investors, who have…
