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Source: Live Mint Garuda Construction and Engineering IPO: The first day of bidding for Garuda Construction and Engineering Ltd started well, with the issue being fully booked and receiving a positive response from retail investors. The Garuda Construction IPO consists of a combination of 1.83 crore fresh equity shares and an Offer For Sale (OFS)…
Source: Live Mint While the Indian stock market rebounded from a sharp six-day sell-off in Tuesday’s trade, metal stocks experienced a significant decline, with many stocks in the Nifty Metal index dropping by as much as 4% after China’s leading economic planner failed to introduce further stimulus measures. As a result, the Nifty Metal index…
Source: Live Mint Shares of Olectra Greentech, an electric bus manufacturer, rose nearly 7% in intraday trade on Tuesday, October 8, to ₹1663.45 apiece, breaking a three-day losing streak. This sharp reversal in shares came after the company emerged as the lowest bidder for a contract to supply 327 electric buses to the Himachal Road…
Source: Live Mint A rally in Chinese stocks, major changes to India’s F&O rules, and the Israel-Iran conflict have all contributed to recent market volatility. Sentiment has shifted, with a notably bearish tone in the markets. In the past five days, the BSE Sensex and NSE Nifty have both dropped over 5%. Amid the turmoil,…
Source: Live Mint Stock Market today: Defence Stock Bharat Electronics share price gained 3% in the morning trades on Tuesday. The investors sentiments on Bharat Electronics share price improved as the company announced order wins of ₹500 Crore. The Bharat Electronics share price opened at ₹266.90 on the BSE on Tuesday, slightly higher than previous…
Source: Live Mint Motilal Oswal Financial Services (MOFSL), in its latest report, said that Q2 will see the slowest earnings growth for Nifty companies in 17 quarters, caught between tailwinds and headwinds. After four years of robust double-digit growth, the slowdown in corporate earnings is expected due to pressures from commodity prices, diminishing tailwinds from…
Source: Live Mint A new HBO documentary about the creation of Bitcoin has captivated the digital-asset community, with speculators creating dozens of memecoins in hopes of profiting off of the potential revelation of the identity of the original cryptocurrency’s inventor. The tokens being created all contain some reference to a man named Len Sassaman, a…
Source: Live Mint MEXICO CITY, – Corn flour and tortilla-maker Gruma holds the power to fix higher prices, Mexico’s antitrust watchdog said in a preliminary decision on Monday, concluding after an investigation that conditions in the key food segment are not competitive. “This market is fundamental for Mexico’s economy and the wellbeing of consumers, especially…
Source: Live Mint Markets regulator Sebi, on Monday, extended the timeline to January 2025 for social enterprises that have registered or mobilised funds through the social stock exchange to submit annual disclosures and an ‘annual impact report’ for the financial year 2023-24. Social enterprises must make annual disclosures and submit ‘annual impact report’ to the…
Source: Live Mint Garuda Construction and Engineering, on Monday, garnered ₹75 crore from anchor investors a day before its initial public offering (IPO) opens for subscription on October 8. According to the exchange filing, the company has allocated 78,95,138 equity shares at ₹95 per share on Monday, October 7 to anchor investors. Foreign and Domestic…
