Shares of Brainbees Solutions Ltd, owners of FirstCry outlet, will be listed at the bourses today. The company has fixed the IPO price at ₹465, at the upper end of the price band ₹440-465. Earlier, the initial public offering of FirstCry’s parent, Brainbees Solutions Ltd, sailed through on the last day of issue closing by…
The initial public offering of Saraswati Saree Depot IPO saw a strong response on Day 1 itself. It was subscribed 4.37 times, as all category of investors were keen to participate in the issue. The IPO that opened on Monday and will close on August 14 comes out with price band of ₹152-160 and the issue…
Sunil Bharti Mittal’s conglomerate will buy a 24.5 per cent stake in BT Group for about $4 billion to become the single largest shareholder in Britain’s biggest broadband and mobile company. Bharti Global, the international investment arm of Bharti Enterprises, will buy a 9.99 per cent stake in BT Group from Patrick Drahi’s Altice immediately…
Sensex, Nifty, Share Prices LIVE: The upmove in the stock of Welspun Corp has gained momentum. The stock has surged about 6 per cent on Monday thereby ending the sideways consolidation that was in place since mid-July. It also indicates that the upmove has resumed. Immediate support is at ₹680
Honasa Consumer: Net profit at Rs 40.2 cr vs Rs 24.7 cr, Revenue at Rs 554 cr vs Rs 464.4 cr (YoY) Insecticides India: Net profit at Rs 49 cr vs Rs 29 cr, Revenue at Rs 656.7 cr vs Rs 640 cr (YoY) Surya Roshni: Net profit at Rs 92.5 cr vs Rs 59…
Indian shares declined on Monday, with all 10 Adani group stocks dropping after U.S. short-seller Hindenburg Research alleged the head of the country’s markets regulator held a stake in offshore funds used by the group. The NSE Nifty 50 index was down 0.31% at 24,291.55, as of 10:18 a.m IST, and the S&P BSE Sensex…
Sundaram Alternates, an alternative investment fund and a subsidiary of the Sundaram Finance, has launched fixed income debt strategy portfolio management services. The PMS — Fixed Income Rated Short Term Strategy or FIRST — aims to deliver a gross yield 300-400 bps higher than traditional FD rates. The PMS is positioned as an all-season product,…
Shares of Sun TV Network crashed 10.50 per cent to ₹818.45 on the BSE after the Chennai-based company posted underwhelming Q1 FY25 results, forcing brokerages to downgrade the stock. The media giant on Friday posted a 6.21 per cent decline in standalone net profit at ₹546.94 crore in Q1-FY25 as against ₹582.80 crore in Q1…
Quest Investment Advisors has announced the launch of their new open-ended Category III Alternative Investment Fund (AIF), the Quest Smart Alpha Sector Rotation Series II. This follows the success of their previous AIF, the Quest Smart Alpha – Sector Rotation, which raised approximately ₹500 crore in corpus commitments since its inception in May 2022. The…
Stock markets closed marginally lower in a highly volatile trade on Monday as investors turned cautious about the potential disruptions from the US short-seller Hindenburg Research report on SEBI chairperson and her husband’s undisclosed investments in obscure offshore funds in Bermuda and Mauritius. Recovering from early lows, the 30-share Sensex closed lower by 56.99 points…
