India has become one of the world’s leading markets for deals such as initial public offerings, smashing its record for money raised this year as investors snap up opportunities.Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set…
Markets remain under pressure following Fed’s strict commentary. Support exists at 23,850, with resistance at 24,200, according to Rupak De of LKP Securities. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in trade for another day on Friday. While BSE Sensex plunged 1,176.45 points to settle at 78,041.59, Nifty50…
Nuvama has a ‘hold’ recommendation on Ambuja Cements with a target price of Rs 667 (+19%). The company is merging Shanghi Industries and Penna Cement with itself for operational efficiencies and to improve efficiencies. Analysts feel this decision to streamline the structure of the company is a welcome move.Kotak Institutional Equities has given a ‘reduce’…
MUMBAI: Private equity giant KKR has invested in cloud kitchen startup Rebel Foods, which owns brands like Behrouz Biryani and Faasos. The deal amount was not disclosed but it is understood to be a secondary transaction conducted at a lower valuation of around $800 million. KKR said it will back the firm’s expansion. Source link
MUMBAI: After two years of funding slump, investments into India’s startups are seeing some revival. Investors infused about $11.3 billion into startups this year, a slight improvement from funding worth $10.7 billion recorded last year, data sourced from market research firm Tracxn showed. In the coming year, companies are expected to see a sizeable amount…
MUMBAI: About one-third of the 388 founders of India’s 200 most valuable companies that started on or after year 2000 are IITians, says a joint study by Hurun India and IDFC First Bank. IIT Delhi, alma mater to startup poster boys Sachin and Binny Bansal, leads the pack with 36 founders having graduated from there….
NEW DELHI: The Securities and Exchange Board of India (Sebi) on Wednesday announced stricter regulation for small and medium enterprises (SMEs) initial public offerings (IPOs) to address concerns around transparency, governance, and the misuse of funds in the SME segment.The market regulator said that these will strengthen the SME IPO market, improve the quality of…
NEW DELHI: Investment bank DAM Capital Advisors on Wednesday said it has raised Rs 251 crore from anchor investors, a day before opening of its initial share-sale for public subscription. Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF are among the anchor…
HYDERABAD: The Telangana govt has inked a Memorandum of Understanding (MoU) with ITServe Alliance, one of the largest associations of IT companies in the United States, with an eye on creating 30,000 new jobs in Tier-2 and Tier-3 towns of the state as part of the govt’s bid to decentralise It sector growth.As part of…
Motilal Oswal Financial Services has a ‘buy’ recommendation on Kirloskar Oil Engines with a target price of Rs 1,540 (+39%). Despite near term weakness seen in its key power generation segment, Analysts at MOFSL are positive on Kirloskar Oil Engines based on its strategy to grow share of high kVA rating products over medium to…
