Oswal Pumps IPO: As of 10:24 AM, Oswal Pumps’ IPO had received bids for 9,14,976 shares against the 1,62,12,980 shares on offer. The highest demand so far has come from non-institutional investors (NIIs), who subscribed to 9% of their allotted portion. Retail investors subscribed 7%, while qualified institutional buyers (QIBs) had not yet placed any bids.
Sebi gets power to directly remove false stock content
The Securities & Exchange Board of India (Sebi) has been empowered by the government to order social media platforms to remove unlawful stock-related content. This