25th Jan 2022
The Rs.680 crore IPO of AGS Transact Technologies, consisting entirely of Rs.680 crore by way of Offer for Sale (OFS), was subscribed 7.79X overall at the close of bidding on 21 January 2022. The basis of allotment will be finalized on 27 January 202
24th Jan 2022
Brent Crude has been hovering between $87/bbl and $88/bbl in the last couple of days after scaling above the $88/bbl mark. Clearly, there is a lot of bullishness in oil and that is clearly coming from tight oil supplies. The latest update is that the
In a new twist to the Amazon / Future Retail stand-off, the former has written to all the independent directors of Future Retail reiterating the commitment of Samara Capital to invest Rs.7,000 crore in Future Retail. Amazon has written to Gagan Singh
One of India’s leading players in the digital payments, digital wallets and BNPL (buy now pay later) segment, has announced that it would be doubling its revenues for the financial year ending March 2022. In the last 4 years, the company has consis
One of India’s largest and most comprehensive retailer of ethnic brands, Fabindia, has filed its draft red herring prospectus (DRHP) with SEBI for its proposed IPO. The IPO will comprise of a fresh issue of Rs.500 crore and an offer for sale of 250
22nd Jan 2022
Adani Wilmar Ltd is a joint venture between Adani Enterprises and Wilmar of Singapore. It has been in existence since 1999 and in the last 23 years, Adani Wilmar has emerged as the second largest FMCG player in India on sales revenues after Hindustan
21st Jan 2022
Global rating agency, Moody’s Investor Services, has opined that the LIC IPO would go a long way in ushering in transparency and governance in operations. One of the big objections that global investors had about LIC IPO was the lack of transparenc
Vedanta Resources Ltd, owned by Anil Agarwal and based out of UK, has created mega plans to constitute a $10 billion fund. Among other things, this fund will also bid for the government stake in Bharat Petroleum Corp Ltd (BPCL). Government has been p
It is not just the power and oil companies that are now thinking of green power. Even traditional industrial companies have taken that route. The latest example is that of one of India’s leading tyre manufacturers, Apollo Tyres, which has gone the
Emcure Pharma has got the SEBI approval for its proposed IPO. In SEBI parlance, it has given its observations on the draft red herring prospectus (DRHP) filed by the company, which is equivalent to SEBI approval. Now the company can go ahead and plan
Global investment house, Morgan Stanley, has raised its weight on Indian financial stocks. In its latest report, Morgan Stanley has gone 600 bps overweight on Financials while it is now 500 basis points underweight on IT sector. Morgan Stanley is als
Read here about breakout stocks, its meaning and what are the breakout stocks for today. Breakout Stocks: What are the breakout stocks for today? A breakout is a phase where stock price moves outside a consolidation with increased volumes. Such
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