Ellenbarrie Industrial Gases IPO Draws Strong Investor Backing, Subscribed Over 31 Times
The IPO of Ellenbarrie Industrial Gases Ltd. wrapped up on a high note, attracting impressive interest from all categories of investors. Over its three-day window from June 24 to June 26, the offer was subscribed a staggering 31.32 times, signaling…
Read MoreOla Electric Crashes 6% to All-Time Low After ₹107 Cr Block Deal
Ola Electric shares extended their downward spiral on Friday, sliding over 6% to hit an all-time low of ₹373.10. The fall was triggered by a large block deal on the NSE, where nearly 28.6 lakh shares worth around ₹107 crore…
Read MoreGlobe Civil Projects IPO opens strong with 20 to 21 percent premium in grey marketÂ
Globe Civil Projects has launched its ₹264 crore initial public offering and early market signals suggest strong investor interest. The grey market premium (GMP) is currently around 20 to 21 percent over the issue price, indicating the potential for a…
Read MoreNifty Opens Gap-Down as US-Iran Tensions Escalate – Market Outlook
Indian equity markets began the week on a nervous note, reflecting the global anxiety sparked by a major geopolitical development over the weekend. The United States launched targeted airstrikes on Iranian nuclear facilities, escalating tensions in the Middle East and…
Read MoreBitcoin Faces Mixed Signals: Navigating the Current Market Trends
Bitcoin’s price has been caught in a tug of war lately, with conflicting signals from both technical indicators and market sentiment. While some investors see opportunities in the current market dip, others remain cautious due to the potential for further…
Read MoreChanda Kochhar’s Surprising ICICI Bank Bid for HDFC, Says Deepak Parekh
Deepak Parekh further talked about the HDFC-HDFC Bank merger that was completed inJuly 2023. Talking to Chanda Kochhar, he said that the union was mainly driven byregulatory pressure. In a candid conversation on Chanda Kochhar’s YouTube channel, veteran banker DeepakParekh…
Read MoreOswal Pumps lists at 3% premium – IPO investors pocket ₹480 per lot
Oswal Pumps made a subdued debut on the bourses today, listing at ₹634 on the NSE and ₹632 on the BSE a 3% premium over the IPO price of ₹614. While the gains were modest, investors who received allotment still…
Read MoreSiemens Energy India Lists Strong Post-Demerger: Stock Hits Upper Circuit on Debut
In a much-anticipated market debut, Siemens Energy India Ltd listed at ₹2,840 on the NSE and ₹2,850 on the BSE, sharply above its demerger reference price of ₹2,350. The stock instantly surged to hit the 5% upper circuit, capping at…
Read MoreSummary of the Interim Budget 2024-2025
Economic Transformation: GDP growth: The government highlighted India's journey from a "fragile" economy to the world's fastest-growing major economy, boasting a decade of 7.4% average annual growth.Poverty reduction: 7.5 crore people lifted out of poverty in the past five years, translating to a 13.8%…
Read MoreGlobal Risks Landscape in 2024 and Beyond – World at Crossroads
As we emerge from the shadows of the pandemic and grapple with the ongoing war in Ukraine, a multitude of global risks loom large, casting an ominous cloud over the future. The 2024 Global Risks Report paints a sobering picture,…
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