Nilim Daimari
On March 1, 2024, the board of One 97 Communications Limited, the parent company of Paytm, greenlit the termination of existing agreements and the modification of its Shareholder Agreement (SHA). On March 1, 2024, Paytm’s shares experienced a notable increase of over 4 percent following the announcement of the fintech company’s board approval to discontinue … Read more
In the wake of a January inflation report that aligned with expectations, an early morning surge in stocks tapered off on Thursday, coinciding with a decline in bond yields. As Thursday afternoon unfolded, the Nasdaq Composite demonstrated resilience with a 0.5% uptick, while the S&P 500 edged up by 0.3%. Conversely, the Dow Jones Industrial … Read more
The merger between Suven Pharma and Cohance Lifesciences is anticipated to be finalized within the next 12-15 months, pending the necessary approvals from shareholders and regulatory authorities. This timeline underscores the meticulous process required to solidify the transaction and reflects the companies’ commitment to ensuring a seamless transition. Stay tuned as both entities navigate through … Read more
“The highly anticipated semiconductor fab, slated to be located in Dholera, is set to revolutionize India’s technological landscape. With an impressive capacity of 50,000 wafers per month, the facility promises to bolster the nation’s semiconductor manufacturing capabilities,” stated IT Minister Ashwini Vaishnaw during a significant announcement on February 29. On Thursday, February 29, the Union … Read more
GPT Healthcare Makes Strong Stock Market Debut, Begins Trading at 16% Premium Over IPO Price. The much-anticipated listing of GPT Healthcare exceeded market expectations on February 29, with the stock debuting at a premium of 16% over its IPO price on both the NSE and the BSE. Despite initial optimism, GPT Healthcare’s stock quickly dipped … Read more
Market analysts anticipate SBI to outshine its counterparts in the PSU banking sector due to a noticeable convergence in valuation multiples. Kotak Institutional Equities analysts have issued a ‘buy’ recommendation for State Bank of India (SBI) and revised the target price to Rs 850 from Rs 760, indicating a potential upside of 14% from the … Read more
Luxury hotel development and ownership firm Juniper Hotels specializes in operating hotels under the renowned “Hyatt” brand, boasting a portfolio comprising seven upscale hotels and serviced apartments. Collectively, these establishments offer an impressive total of 1,836 rooms, catering to discerning travelers seeking premium accommodation experiences. Juniper Hotels Ltd witnessed a surge in its share price … Read more
Industry analysts anticipate that the agreement will enhance Reliance’s standing in India’s highly competitive video streaming industry. Reliance Industries’ highly anticipated joint venture with Walt Disney Co., merging the operations of Viacom18 and Star India, is poised to significantly strengthen the conglomerate’s presence in India’s second-largest internet market, particularly in the realm of video streaming. … Read more
According to a recent Reuters poll, economic growth in India is forecasted to reach 6.6% in the three months ending on December 31st, indicating a slowdown from the 7.6% growth recorded in the previous quarter and 7.8% growth in the July quarter. It’s worth noting that India’s fiscal year commences on April 1st. India’s Economic … Read more
Exicom Tele Systems IPO GMP Update: Grey Market Indicates Potential Listing Price of ₹321 Per Share, Say Market Observers. Exicom Tele Systems Limited’s initial public offering (IPO) commenced on February 27, 2024, and is set to conclude on February 29, 2024. After just two days of bidding, the IPO has garnered significant attention from investors, … Read more
The recent advisory from the Association of Mutual Funds in India (AMFI) has called upon asset management companies (AMCs) to implement a policy aimed at safeguarding investors specifically in the small and midcap segments. In response to the advisory issued by the Association of Mutual Funds in India (AMFI), asset management companies (AMCs) are urged … Read more
In a significant move, the newly formed joint venture between Reliance Industries and Disney has secured exclusive rights to broadcast coveted cricket sporting events in India across both digital and television platforms. This strategic merger positions the combined entity as a formidable player in the Indian media landscape, with unparalleled access to high-profile cricket content. … Read more
Today marks the commencement of the Mukka Proteins IPO, scheduled to conclude on March 4. The price range for each share is established at ₹26 to ₹28, with a lot size of 535 shares. The IPO, valued at ₹224 crore, involves the issuance of 8,00,00,000 equity shares, with a portion reserved for Qualified Institutional Buyers … Read more
As per the NCLT (National Company Law Tribunal) order and SEBI (Securities and Exchange Board of India) (Delisting of Equity Shares) Regulations, 2021, the equity shares of Reliance Capital Limited (RCL) will be delisted from stock exchanges. Reliance Capital Limited (RCL) announced in an exchange filing on Wednesday that its existing equity shares are expected … Read more
The Purv Flexipack IPO opened on February 27 and is set to close on February 29. The price band for the IPO is between ₹70 to ₹71 per share, with a lot size of 1,600 shares. Reserved shares have been allocated for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors. Additionally, a portion … Read more
The Bharat Highways InvIT IPO commences trading today, February 28, and will conclude on March 1. This initial public offering introduces Bharat Highways InvIT, an infrastructure investment trust managing a portfolio comprising seven highways across India. Investors are presented with a book-built issue valued at ₹2,500 crores, featuring a price range per share between ₹98 … Read more
Vodafone Idea has announced plans to secure ₹20,000 crore through a mix of equity or equity-linked instruments, with the remaining amount to be sourced through debt financing. Notably, the company’s promoters are set to partake in the proposed equity infusion. The downward trend in Vodafone Idea’s share price continued on Wednesday, with the telecom operator’s … Read more
Commerce Secretary: Developed Nations Employing Trade-Distorting Subsidies. India Cautions Against Inclusion of ‘Non-Trade Issues’ in WTO Agenda. During the second session on trade and inclusion at the 13th ministerial conference of the World Trade Organization (WTO) in Abu Dhabi on Monday, Commerce Secretary Sunil Barthwal warned that efforts by the developed world to incorporate “non-trade … Read more
Platinum Industries IPO Sees Strong Demand on Opening Day. Platinum Industries Ltd’s initial public offering, launched for public subscription on February 27, has garnered significant interest from investors. By 1:25 pm on the first day of bidding, the Rs 235.32-crore IPO was oversubscribed 3.89 times, with bids received for 3,74,41,146 shares against the 96,32,988 shares … Read more
The National Company Law Tribunal (NCLT) in Mumbai granted approval on Tuesday for the proposal put forth by IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd. This decision marks a significant milestone in the protracted acquisition process. The tribunal had reserved its decision on the matter on January … Read more