In a significant regulatory update, Sebi has extended the timeline by six months for companies to adjust their issue sizes without the need for new approvals. This applies to initial public offerings set to commence by March 31, 2027. Lead managers are now permitted to modify offer documents to accommodate these size revisions, ensuring that the main objectives continue to be met.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following