Swiggy has in recent weeks cut its internal valuation goal twice by a combined 25% due to volatility in the Indian stock markets. File. | Photo Credit: Reuters Food delivery giant Swiggy will likely price its $1.35 billion domestic initial public offering, which opens next week, at ₹371-390 per share, sources with direct knowledge of…
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices fell in early trade on Tuesday (October 29, 2024) amid continuous foreign fund outflows from the capital markets and largely muted earnings from corporates so far. The BSE Sensex declined 322.24 points to 79,682.80 during the initial…
From the 30 Sensex pack, ICICI Bank climbed nearly 3% after the private sector lender posted a 14.5% growth in standalone profit to ₹11,746 crore for the second quarter ended September-2024. File | Photo Credit: Reuters Equity markets rebounded in early trade on Monday (October 28, 2024), driven by buying in the stock of blue-chip…
The company’s market valuation stood at ₹67,866.35 crore. Photo: Linkedin.com Shares of solar panel maker Waaree Energies Ltd on Monday (October 28, 2024) listed with a premium of nearly 70% against the issue price of ₹1,503. The stock made its market debut at ₹2,550, reflecting a jump of 69.66% from the issue price on the…
At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. In the initial trade, it touched 84.07, registering a rise of 1 paisa over its previous close. File | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.07 against the U.S. dollar in initial…
Swiggy, backed by SoftBank and Prosus, was concerned to avoid a tepid response to its relatively large IPO, coming amid global uncertainty. File. | Photo Credit: Reuters Food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut…
This picture made from the video posted by the Congress shows SEBI chairperson Madhabi Puri Buch and the market regulator’s logo. Photo: X/@INCIndia The Congress on Saturday (October 26, 2024) accused the BJP of insulating Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch from answering to the Parliament’s Public Accounts Committee (PAC)…
From the 30 Sensex pack, IndusInd Bank plunged more than 18.50% after the firm reported a 40% decline in September quarter net profit | Photo Credit: Reuters Declining for the fifth straight session, equity benchmark Sensex on Friday (October 25, 2024) plunged about 660 points to crash below the 80,000 level owing to widespread selling…
JSW Steel’s expenses were lower at ₹38,644 crore in the quarter under review against ₹40,801 crore in the year-ago quarter. File | Photo Credit: Reuters Steelmaker JSW Steel on Friday (October 25, 2024) reported a steep fall of 85.43% in its consolidated net profit at ₹404 crore in the July-September quarter of the current fiscal,…
Both BSE and Nifty tumbled on October 25, 2024, after Indusind Bank shares tanked. Image for representational purpose. | Photo Credit: VIVEK BENDRE Investors’ wealth eroded by a whopping ₹7.15 lakh crore during the morning trade on Friday as equity markets tumbled, driven by sharp fall in IndusInd Bank shares and unabated foreign fund outflows….
