Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.
Punjab Chemicals & Pharmaceuticals Ltd will buy 1,88,56,058 shares or 49.72 per cent of Alpha Drug India Ltd from DSM Pharma Chemicals, Venlo B V, Netherlands for Rs 2.5 million or Re 0.13 a share.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
Active equity mutual fund schemes have improved their showing across key categories over the past three months vis-a-vis their benchmarks.
The company plans to bring more 4G-enabled devices in near future in a lower price range.
'Ensure that all property-related documents are up-to-date.' 'Relying on outdated documents can create legal complications.'
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
The wolves had been behind several attacks on villagers in Bahraich. The Uttar Pradesh Forest Department is taking the wolf to a rescue shelter.
Trump's comments prompted immediate criticism.
Momentum funds can be 10 to 15 per cent more volatile than the Nifty 50.
Stunning! Shreyovi Mehta, 10, is a runner up at the annual worldwide Wildlife Photographer of the Year contest.
Active largecap funds, which have the toughest job in terms of outperforming the benchmark, did better in 2023 as their bets in the mid and smallcap stocks paid off.
Glimpses of the Mars Dune Alpha, NASA's simulated Mars habitat, that is being used as preparation to send humans to the Red Planet.
Ola Electric, the SoftBank-backed electric vehicle (EV) maker, is likely to pursue a valuation of approximately $4.5 billion in its upcoming initial public offering (IPO), marking about 18 per cent decrease from its last funding round valuation of around $5.5 billion, according to industry sources. The Bhavish Aggarwal-founded firm aims to file for the IPO by next month, according to people familiar with the matter. "The strategy is to price the IPO attractively for investors, fostering long-term growth and wealth creation," said a source.
An invasion of wolves is keeping the forest authorities on their toes in Bahraich, where the animal is suspected to have killed at least six people and wounded several, all within a very short span.
Red Bull's triple World champion Max Verstappen wrapped up a year of unprecedented dominance with his record-extending 19th win in 22 races at the season-ending Abu Dhabi Grand Prix on Sunday.
When Adil Hussain declared that he regretted starring in Sandeep Vanga Reddy's Kabir Singh, he didn't know what he was getting into.
Sukanya Verma lists 10 of our best ruling the roost of Hindi cinema right now.
BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
Max Verstappen became the first Formula One driver to take 16 victories in a season
Finally, some good news for the Indian startup ecosystem. After four consecutive half-year periods of declining funding since 2022, the first half (H1) of 2024 has shown an upward trend compared to the second half (H2) of 2023. According to the India Tech Semi-Annual Funding Report H1 2024 by Tracxn, Indian technology (tech) startups raised $4.1 billion in H1 2024, marking a 4 per cent increase from $3.96 billion in H2 2023.
Among the 30 Sensex companies, Larsen & Toubro, Power Grid, NTPC, State Bank of India, Reliance Industries and HDFC Bank were the biggest laggards. Sun Pharma and Nestle were the only gainers.
A group of lenders to educational technology (edtech) giant Byju's has told the firm that they're open to negotiations with the company to resolve litigation and other disputes, according to people familiar with the matter. However, they have told Byju's that they will not engage in the firm's proposal for one-on-one meetings, according to sources. Byju's recently filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion Term Loan B (TLB) facility, and disqualify the lender for its "predatory tactics".
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
Megha Engineering and Infrastructures Limited was the top donor to the Bharatiya Janata Party at Rs 584 crore and the Bharat Rashtra Samiti at Rs 195 crore.
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
'In anything in life, privilege helps.' 'Privilege means access. Access means connections.' 'Does it help? Of course, it does. In whatever you do.'
Edtech major Byju's on Tuesday said it has filed a complaint in the New York Supreme Court to challenge acceleration of the $1.2 billion Term Loan B (TLB). The company is also seeking the disqualification of Redwood, who contrary to the terms of TLB, purchased a significant portion of the loan while primarily trading in distressed debt. "Byju's has had to take these measures following a series of predatory tactics by the lenders, led by Redwood," the company said in a statement.
Dwaipayan Bose on how index funds play a key role in the diversification of portfolios and help manage risks
'My mom used to tell me that I should accept films where they would not make fun of me or my religion.' 'It's a conscious decision to stay away from such films.'
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed. Looking ahead to March, the outlook for FPI flow appears promising, provided the current economic trajectory and corporate performance sustain their positive momentum, potentially continuing to attract foreign investment into Indian equities, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said.
Charles Leclerc swept to pole position for the Mexico City Formula One Grand Prix on Saturday with Carlos Sainz qualifying second in a surprise Ferrari front-row lockout.
Ferrari's Charles Leclerc qualified fourth with Mexican Sergio Perez, Verstappen's closest title rival and team mate but a massive 151 points adrift after 15 of 22 rounds, fifth and 0.773 off his team mate's pace.
INS Vindhyagiri was launched by President Droupadi Murmu, the Supreme Commander of India's armed forces, in Kolkata on Thursday, August 17, 2023.
A Delhi court on Friday dismissed the bail application of Aam Aadmi Party leader Sanjay Singh in a money laundering case related to the alleged Delhi excise policy scam.
The initial assessment of the first-ever measurements of the near-surface lunar plasma environment over the south pole region by RAMBHA-LP payload onboard Chandrayaan-3 lander indicates that plasma there is relatively sparse, ISRO said on Thursday.
'Investors need to be stock specific and should not rush to buy stocks at the current levels.'
Max Verstappen celebrated a record 10th win in a row by leading Red Bull team mate Sergio Perez one-two at Ferrari's home Italian Grand Prix
Actively-managed large-cap mutual fund (MF) schemes have managed to regain some lost sheen this year after faring poorly in the 2022 calendar year (CY22). At the end of the first six months (H1) of CY23, 78 per cent of the active large-cap schemes were ahead of the Nifty50 index funds as against just 26 per cent in 2022. When compared to the Sensex index funds, 61 per cent active funds have delivered better returns, shows an analysis of Value Research data.
