Latest Updates Around The World
The proposed offering will aim to raise 40 billion rupees ($440 million), including as much as 30 billion rupees in newly issued shares and a secondary sale of 10 billion rupees by Blackstone, according to the IPO prospectus filed in December.Discussions are still ongoing and details such as the size and timing of the stock […]
The Indian rupee finished almost flat on Wednesday as demand for the dollar, fueled by expiring contracts in the non-deliverable futures market, blunted the positive boost from modest inflows and gains among Asian peers.Despite expectations of increased dollar demand linked to NDF maturities this week, willingness to bet against the currency has also dulled on […]
Prabhudas Lilladher has said the country’s growth story is entering a decisive phase, driven by policy clarity, landmark trade deals and a sustained boost to infrastructure. It set a 12-month target of nearly 28,000 for the Nifty 50, citing several reasons.The domestic brokerage, in its latest India Strategy Report, said the prolonged phase of consolidation […]
Shree Ram Twistex’s Rs 110 crore IPO has been oversubscribed 12 times on the third day of bidding, with an offering of 1.06 crore shares. The non-institutional investors (NIIs) segment witnessed robust demand, being subscribed 56.13 times, while the retail segment was subscribed 25.42 times.In the gray market, shares are trading at a premium of […]
Angel One has set February 26 as the record date for the first 1:10 stock split.The company had announced the stock split when it reported results for the October-December quarter (Q3 FY26) on January 15. The board approved a proposal to split each existing equity share of face value of Rs 10 into 10 shares […]
The Indian rupee was little changed on Wednesday as generally softer dollar and greenback selling from foreign banks gave the currency some breathing space north of the psychologically important 91 per dollar mark. The rupee was at 90.92 per dollar at 10:30 am IST, slightly above Tuesday’s close of 90.95. A series of contract maturities […]
Indian government bonds rose in early deals on Wednesday as strong buying by the ‘others’ investor category raised expectations that the central bank could be among the buyers. The 6.48% bond yield for 2035 stood at 6.6726% at 10:05 AM IST, after ending at 6.6812% on Tuesday. Interest rates have fallen by 4 basis points […]
The volatility of IBM stock shows how quickly market narratives can change when disruptive forces like artificial intelligence collide with established business models. Investors have been actively reviewing the stock amid concerns that AI-driven tools could accelerate the modernization of existing systems, potentially reshaping long-term earnings visibility. Reporting in financial media, including Investing.com, MarketWatch and […]
Omnitech Engineering’s IPO opens for subscription today, with the precision engineering player aiming to raise Rs 583 crore through a mix of a new issue and an for-sale offer. The issue, which closes on February 27, is priced between Rs 216 and 227 per share. At the high end, the company is valued at a […]
Oil prices hovered around a seven-month high on Wednesday as the threat of a military conflict between the US and Iran that could disrupt supply continues to worry investors even as talks between the sides are scheduled for Thursday. Brent futures were trading at $71.22 a barrel, up 45 cents, or 0.64%, at 0140 GMT. […]
