Bharti Airtel’s promoter Bharti Telecom has purchased around 1.2 per cent shares of the company from the Bharti family’s investment firm Indian Continent Investment Ltd, a regulatory filing said on Wednesday. The filing did not disclose the monetary value of the transaction. However, the stake is estimated to be valued at ₹11,680 crore based on…
Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming IPO that will open on November 7 and close on November 11. The IPO is a mix of fresh issue of up to ₹800 crore and an offer of sale up to ₹1,400 crore by Bupa Singapore Holdings…
The much-awaited Swiggy’s initial public offering that opened on Wednesday saw a muted response from investors. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore. The IPO, priced at ₹371-390, will close on November 8 and the lot size is…
As the US presidential election dust settles, traders will be scouring for likely winners from the regime change, with sectors like IT, chemicals, and pharma in the spotlight. However, Nifty futures point to a subdued start despite key Asian markets trending higher and US equities posting their biggest single-day jump in two years. The question…
Domestic brokerage Geojit Financial has issued ‘Subscribe’ rating on Swiggy IPO, citing the food delivery platform’s strong brand presence and growth potential. The brokerage has assigned the rating for the issue on a long term investment basis, considering its strong brand recall, diversified offerings, integrated app, rapid scaling, consistent innovation, expansion of dark stores, and…
Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied…
Federal Reserve Chair Jerome Powell on Thursday said he would not resign if asked to do so by President-elect Donald Trump, and said presidents do not have the legal authority to remove a U.S. central bank chief. That said, Powell’s term as chair expires in May 2026, and Trump will have an opportunity to install…
Sensex, Nifty updates on November 8, 2024: Indian equity indices ended lower on TFriday, with the Sensex down by 55.47 points at 79,486.32 and the Nifty falling 51.10 points to 24,148.20. Market breadth was negative, with 1,314 shares advancing and 2,475 declining. Sector-wise, IT gained 0.7 per cent, while media, PSU Bank, and metals dropped….
All eyes are on the initial public offering of Swiggy that will close for public subscription today. The much-awaited Swiggy’s initial public offering that opened on Wednesday saw a muted response so far from investors by subscribing 0.35 time only. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for…
The Indian stock markets continue to feel the pressure from sustained selling by foreign portfolio investors (FPIs). According to the National Securities Depository Ltd (NSDL) data, FPIs have offloaded equities worth a significant ₹19,994 crore in just the first five trading sessions of November, intensifying concerns about market stability. The data also indicated that the…
