Online auto classified platform CarTrade Tech on Tuesday said it fixed a price band of Rs 1,585-1,618 a share for its nearly Rs 2,999-crore initial public offer. The initial public offering (IPO) will open for subscription on August 9 and conclude on August 11. The bidding for anchor investors will open on August 6, the company announced. The initial share-sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares.
China's national health commission said 39,452 new cases were reported on Monday, including 36,304 local asymptomatic cases, as authorities scrambled to contain the fresh surge in infections.
The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.
Atanu Biswas explains the economics behind hosting a Games in pandemic times.
The outbreak of the Omicron variant of the coronavirus and unprecedented lockdowns in China have roiled its equity market and also that of Hong Kong. After the crisis-hit Sri Lanka, China and Hong Kong are the worst-performing stock markets in Asia on a year-to-date basis.
With banks staying out of the bond market, and foreign investors exhausting their investment limit, the question is: Who will buy the Rs 4.6 trillion bonds that will be issued from April.
Here are some areas where costs have grown, and where income that had been expected will not materialise.
There would be a short period of turmoil in 2015 but real returns are likely to be positive.
Foreign portfolio investors (FPIs) and mutual funds (MFs) have put in more money as anchor investors in initial public offerings (IPOs) in 2021 than any other year. FPIs' share of investments for the year stood at Rs 24,477 crore, nearly six times that put in last year and more than nine times the amount invested in 2019, the data from Prime Database showed. MFs have invested Rs 12,264 crore, four times than that invested last year and more than 10 times the investment in 2019. The total investment by FPIs and MFs put together this year is five times the amount invested last year. The amount contributed by MFs, however, is nearly half of that invested by FPIs.
After a stellar November that saw companies mop up over Rs 36,000 crore from the primary market via initial public offers (IPOs) and offers for sale (OFS), the current month, analysts said, will test investor's willingness to stay on with their investments as the one-month mandatory lock-in period for anchor investors begins to loosen. A note by Edelweiss Alternative Research suggests that in calendar year 2021 (CY21), 51 companies went public. Of these, 41 issuances' anchor selling dates are already over.
Indian economy is set for a 'goldilocks' period -- used to describe a timeframe of high growth and low inflation -- while it can become Asia's fastest growing economy in 2016, Japanese financial major Nomura said.
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
The torchbearer's face will likely be seen by hundreds of millions of people watching around the world.
Changes in global oil and gas rates matter more to India's economy than other major economies because the country imports around 87 per cent of its oil, half of its gas in the form of LNG, and over 60 per cent of its LPG.
The Sensex has slid 18.5 per cent from its January 2015 peak.
A summary of sports events and persons who made news on Tuesday
A summary of major figures and facts at the Tokyo Games.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
Japan on Friday extended a state of emergency in Tokyo and other areas by about three weeks to June 20 as the COVID-19 pandemic shows no signs of easing less than two months before the Summer Olympics open.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
Tokyo 2020 organisers received the Olympic flame in a scaled-down handover ceremony in the Greek capital on Thursday, amid the coronavirus spread that has cast doubt on the global, multi-billion dollar event. In a brief ceremony closed to spectators in Athens' Panathenaic stadium, site of the first modern Games in 1896, the torch was received by Tokyo Games representative Naoko Imoto.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
It is a Budget 'high on promises but low on design,' the agency said.
The Reserve Bank may cut key interest rates as early as this week.
Bids for the issue, which opens on January 23 and closes on January 25, can be made for a minimum of 18 shares and in multiples of 18 thereafter.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
BSE, the oldest stock exchange in Asia, aims to raise up to Rs 1,243 crore from the IPO, which has a price band of Rs 805-806 per share.
The elections held in April-May 2019 will be an important determinant of future growth and investment.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
The IOC share sale is the fourth disinvestment this fiscal but the biggest in 2015-16 so far.
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
Here's how brokerages across the country are interpreting the exit polls.
As yields rise, bond prices fall. Higher yields not only translate into losses for investors, it also pushes up borrowing cost for companies as well as government
The problem for the NBFC sector is the funding inertia by banks and not lack of funds.
E-vehicles may face pollution hurdle with hazardous batteries. One lithium-ion battery has a potential to poison the whole water aquifer of Delhi.
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