Hero Motors fixes IPO price band at Rs 79-84 for Rs 1,000-crore issue. Know important dates, other details
Hero Motors has announced an initial public offering (IPO) price range between Rs 79 and Rs 84, set to open for subscription on Wednesday, September 16. Anchor investors have the opportunity to place their bids a day prior to the public offering. The funds generated through the IPO are earmarked for reducing debt and expanding […]
ESDS Software surges 235% in 4 sessions as AI infra fever grips markets
After the recent launch of its IPO, ESDS Software Solutions has seen a noteworthy increase in stock performance, indicating strong investor confidence in the expansion of India’s data-centre landscape. This shift is largely due to the soaring demand for cloud technology and AI services. By 2030, India’s data-centre capacity is anticipated to grow significantly, fueled […]
Global Market Today: Asian stocks to fall as oil stokes inflation fears
Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares. The Nasdaq 100 Index dropped 0.3% as Nvidia Corp., Amazon.com Inc. and Alphabet Inc. declined. Contracts for US stocks were little changed in early Asian trading.
Nifty IT index plunges 3.2%, posts biggest single-day fall in 3 months
The Nifty IT index experienced its largest single-day drop in three months on Wednesday. Several IT stocks saw significant declines, reversing recent gains in the market. Renewed risk-off sentiment and US interest rate hike worries triggered the broad sell-off. Geopolitical tensions and rising oil prices also contributed to the pressure on IT firms. Concerns over […]
BSE chief says most players still avoid new closing auction
BSE CEO Sundararaman Ramamurthy says most market participants are yet to embrace the new closing auction system, with only a handful of institutions participating a month after its launch. The muted uptake suggests the mechanism is still grappling with initial teething issues.
Can Karamtara Engineering IPO deliver long-term growth for high-risk investors?
Karamtara Engineering plans a ₹875 crore IPO to repay debt and fund expansion. The company has shown healthy financial growth over recent years. However, it faces risks from renewable energy sector regulations and metal prices. Its integrated manufacturing capacity positions it well in the solar sector. The IPO appears suitable for investors with higher risk […]
NSE slashes IPO size to Rs 23,500 crore in revised Sebi filing
The National Stock Exchange has updated its draft prospectus with Sebi, slashing its initial public offering size to about twenty-two thousand five hundred crore rupees. Existing shareholders will see their offer for sale drop to five point two five percent of the paid-up capital. Anticipating a launch in the third week of September, this adjustment […]
RBI explores tokenising gold amid push to expand Unified Markets Interface
The Reserve Bank of India is exploring gold tokenisation for its Unified Markets Interface. This platform currently settles tokenised financial instruments using central bank digital currency. RBI aims to expand the interface to include more asset classes beyond existing tested instruments. While gold is a possibility, other financial assets are also under examination. The central […]
Subhash Chandra Garg cherry-picking figures from two different bases: CBIC
Garg, who has been at the centre of the recent controversy over the government’s GDP growth estimates, had questioned the Centre’s claim of 14.8% growth in gross GST collections in August and 11% growth in the first five months. In a social-media post, with an attached article, he argued that the headline numbers present an […]
RBL Bank raises $350 million in debut international bond sale
RBL Bank has raised $350 million through its first international bond sale, pricing bonds tighter than initial guidance. Strong investor demand supports funding for GIFT City growth and liability management, while Emirates NBD’s backing strengthens credit quality and investor confidence.