Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine months of 2021, the highest amount for the nine-month period in two decades, says a report. As many as 72 initial public offerings (IPOs) hit the stock market during the January-September period this year in India and strong sentiments were visible in the global markets as well, according to leading consultancy EY. EY, in its latest report, said the global IPO market continued to boom through Q3 2021 resulting in the most active third quarter by deal numbers and proceeds in the last 20 years.
Wishing him, President Droupadi Murmu said the work for nation-building under his incomparable hardwork, dedication and creativity continue to advance.
'Even if a dog dies, a condolence message is sent by Delhi leaders. But I am hurt that 600 farmers have died but no resolution was passed in Parliament'
The wild wander to the city in these times of the coronavirus.
Congress president Sonia Gandhi on Tuesday wrote to Prime Minister Narendra Modi suggesting five measures to conserve money for the fight against COVID-19, including a complete ban on media advertisements by government and PSUs for two years and suspending the Central Vista beautification project.
The IPO rush will continue in September with two more companies Vijaya Diagnostic Centre and Ami Organics launching their initial share-sales on Wednesday to raise a total of Rs 2,465 crore. This comes after eight companies including Devyani International, Nuvoco Vistas Corporation and CarTrade Tech floated their initial share-sales last month to mobilise Rs 18,243 crore. So far in the current fiscal, a total of 20 companies have mopped up more than Rs 45,000 crore through IPOs. This is much higher than Rs 31,277 crore raised by 30 firms in the entire 2020-21.
The Athletics Federation of India (AFI) on Thursday named a 37-member Indian athletics team, to be led by Olympic champion javelin thrower Neeraj Chopra, for the upcoming Commonwealth Games.
Tata Motors has added what the old Indica lacked. The new Indica D90 comes with Fiat sourced 90BHP Multi-Jet diesel engine that also powers Manza Club Class sedan. The automaker has also added features that are unmatched in its class.
In-depth review of the new Indica D90 and how it measure up against the competition.
'The prime minister in a way defeated the ill-designs of separatist forces.'
No prime minister in Pakistan's recent history has survived long in office after appointing an ISI chief who did not have the army chief's confidence. Imran may be no exception, observes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing.
In the unlikely event of the BJP-NDA losing all five states going to the polls in February-March, the Presidential electoral college numbers could be significantly altered, points out N Sathiya Moorthy.
The Chief Justice, while speaking at the farewell reference organised by the high court, said that judges are only interpreters and are not here to make the law or to evolve a policy and a balance has to be maintained between judicial activism and restraint.
The deal follows Facebook picking up a 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake -- the world's largest tech investor -- bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore. On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
A total of 49 companies raised Rs 81,615 crore in Samvat 2077, more than the preceding four years and almost double the amount raised in the previous year. Samvat 2078 appears even more promising with mega issues of Paytm and Life Insurance Corporation (LIC) of India. However, Paytm's record could be short-lived as state-owned LIC is planning to launch a Rs 1-trillion IPO by March 2022.
The political-electoral calculus favours spending thousands of crores on vanity projects like Sardar Patel's statue and the Central Vista over building up our military to handle the confrontations and conflicts that loom large, points out Ajai Shukla.
At least five companies looking to raise a cumulative Rs 6,595 crore could launch their initial public offerings (IPOs) next month after a busy August that saw eight IPOs. On Thursday, south-based diagnostic chain Vijaya Diagnostics announced its plans for a Rs 1,895-crore IPO. Ami Organics will announce its plans for a Rs 600-crore issue on Friday.
Take the poll given below and let us know!
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
Tata Motors, India's biggest automotive company, is readying the launch of an electric version of Indica Vista, its most popular hatchback, in the United Kingdom.
Diverse marquee investors are becoming long-term shareholders of Jio Platforms because of a unique set of technologies and platforms under one entity.
It is a good offering is its segment, and more what we understand it will be the best value for money premium hatchback.
'The wish is that 2022, if not bring us into happier times, at least sees some easing of the pain,' hopes Aakar Patel.
'Saving our economy is a priority.' 'We have to save our people and save our country.'
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
'Everybody knows that any solution would upstage and expose official bungling.' 'That is something Mrs Sitharaman's masters will not allow.' 'No matter how high the cost in human misery, they will squander a fortune on the unnecessary Central Vista extravaganza,' notes Sunanda K Datta-Ray.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Three decades after liberalisation kicked off, my friend's son and niece -- both born well after that historic shift in economic policy -- find themselves newly off the beaten path for no fault than listening to their heart,' notes Shyam G Menon.
The hatchback market is getting very competitive with almost all big players flooding it with trendy models to get a piece of this lucrative pie.
Indian elections are won and lost on 'negative' imageries and campaigns - but not certainly on 'negativity' as a political trait and electoral creed, asserts N Sathiya Moorthy.
If you have been holding off buying a new computer, then Windows 7, the latest operating system from Microsoft, will give you a good excuse to buy one. Windows 7, or Win 7, is largely believed to be better than Microsoft's previous OS Windows Vista and way more advanced than the last generation Windows XP.
Modi will also perform the ground-breaking ceremony for the building, which is expected to be completed by 2022 at an estimated cost of Rs 971 crore.
Stating that 'we cannot...infuse creativity in your bureaucracy', the apex court warned it will have to do something extraordinary if the authorities failed to control pollution.
'The virus is constantly, constantly making mistakes when it replicates.' 'When the virus has accumulated enough mistakes, then it becomes now a variant and it behaves differently.'
Microsoft Windows has today become an inevitable part of our work life.
LeBron James made it to his 10th NBA Finals appearance, while LA Lakers made it to their first Finals in a decade as the Lakers earned a comfortable 117-107 win against Denver Nuggets in Game 5 to win Western Conference Finals 4-1.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Rajesh Karkera journeys through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
He accused the previous governments of being sluggish on implementing railway projects and said the work of ambitious eastern and western dedicated freight corridors expedited only in the last six-seven years.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
