India’s outward FDI jumps 17% to $5.7 billion in July: RBI
India’s outward FDI rose 17% year-on-year to $5.70 billion in July from $4.88 billion a year earlier, according to provisional RBI data. It was also higher than the $3.14 billion recorded in June.
Augmont Enterprises IPO: Rs 825 crore issue price band set at Rs 750-788
Augmont Enterprises has fixed its Rs 825 crore IPO price band at Rs 750-788 per share. The issue opens August 21, featuring fresh shares, OFS and a minimum retail investment of Rs 14,972 at the upper band.
Strong IPO gains stoke FOMO fears, set grey market abuzz
The unofficial grey market shows increased activity with rising share prices. Recent strong IPO listings have boosted investor confidence and expectations for future gains. Several upcoming initial public offerings are experiencing significant grey market premiums. This heightened investor appetite is driven by recent successful stock market debuts. Companies are now pricing their offerings more conservatively […]
Kotak Mahindra Bank raises $650 million in debut dollar bond sale
Kotak Mahindra Bank raised $650 million through its debut five-year dollar bond, pricing notes at 108 basis points over US Treasuries. Strong demand from Asian and European investors helped tighten pricing from initial guidance, with orders reaching $2.1 billion.
SIFs vs MFs: 5 key differences investors should know before investing
Specialised Investment Funds (SIFs) are steadily becoming a preferred choice for seasoned investors, accumulating an impressive 95,000 folios. Unlike traditional equity mutual funds, which focus solely on long positions, SIFs offer the flexibility of both long and short strategies. With a minimum investment threshold set at ten lakh rupees, these funds have successfully managed assets […]
US stocks: Tech selloff weighs down Wall Street as bond yields climb
Wall Street faced a downturn as escalating tensions in the Middle East triggered a surge in bond yields. A steep decline was particularly evident in technology stocks, with semiconductors taking the brunt of the losses. Investors pivoted from growth-focused sectors to safer bets like healthcare. Additionally, oil prices rose amidst geopolitical instability and changes in […]
Anthropic pre-IPO credit facility set to climb past $10 billion
Anthropic is broadening its revolving credit facility past the initial target to prepare for its much-anticipated initial public offering. Multiple banks are looking to partake in the credit line, establishing their positions in the upcoming IPO. Bolstered by a surge in revenue, Anthropic is geared for its entrance onto Wall Street this fall.
India Expo Centre operator files IPO DRHP with Sebi. Check details
India Exposition Mart has filed draft IPO papers with Sebi, comprising a fresh issue of up to 75 lakh shares and an offer for sale of 2.3 crore shares. The company plans to use Rs 63.8 crore for capital expenditure at India Expo Centre.
Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion
Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks.
SIF AUM crosses Rs 23,000 crore in July; Hybrid Long-Short funds lead with 66% share
SIF strategies attracted Rs 4,922 crore in inflows in July, up from Rs 3,782 crore in June. Since October 2024, the category has received Rs 22,328 crore, according to ValueMetrics.