Latest Updates Around The World
ICICI Prudential AMC has raised Rs 3,022 crore from 148 investors across sovereign wealth funds, global asset managers, domestic insurers, pension funds, mutual funds and family offices ahead of its Rs 10,600-crore IPO.The participation pattern indicates broad institutional conviction ahead of the public issue, which runs from December 12 to 16 at a price range […]
Wall Street’s tech-focused Nasdaq fell to a one-week low on Thursday as new concerns about Oracle’s hefty AI spending plans overshadowed optimism about a less hawkish tone from the Federal Reserve.Oracle fell 14% after quarterly forecasts fell short of analyst estimates and the company raised its annual spending forecasts, rekindling concerns that the pace of […]
Mumbai: Energy and telecom received the largest foreign flows in the second half of November, continuing accumulation in both sectors as seen in the first part of the month and in October. Overseas fund managers pumped ₹4,913 crore into telecom during this period, after inflows of ₹9,413 crore in the first half of the month, […]
Meesho’s blockbuster IPO worth Rs 5,421.20 crore, which was subscribed 79 times, will hit the public markets on Wednesday, December 10 and will be one of the most watched technology listings of the year. After a frenzy of bidding across institutional, high net worth and retail segments, and with gray market premiums signaling gains of […]
Reliance Industries Ltd. has started work on an initial draft prospectus for a listing of Jio Platforms Ltd., people familiar with the matter said, in what is expected to be India’s largest-ever initial public offering.The company is speaking informally with the banks to prepare a prospectus to file with the regulator as soon as possible, […]
Gold prices in India remained steady on Thursday, hovering just above Rs 1.30 lakh, as traders cautiously positioned themselves ahead of next week’s US Federal Reserve policy meeting, where markets now largely expect a rate cut. On the MCX, gold futures opened at Rs 1,30,799 per 10 gram for 24 carat purity, from Rs 1,30,462 […]
Markets regulator Sebi wants to rationalize and simplify the offer document summary to encourage informed feedback from investors and reduce dependence on unverified tips, chairman Tuhin Kanta Pandey said on Monday.This move will also make the abbreviated prospectus obsolete, easing compliance requirements for issuers, he added. Currently, offering documents are typically voluminous and packed with […]
Retail giant Trent’s 40-45% correction is not a valuation mystery; it is the result of a meaningful slowdown in same-store sales (SSG) growth, says Saurabh Mukherjea, founder of Marcellus Investment Managers. Speaking to ET Now, Mukherjea said the decline is reflective of the broader consumption slowdown in India, but policy support offers hope for 2026. […]
In a bold forecast for energy markets, JP Morgan has forecast that Brent crude could fall to the $30s by the end of FY27, driven by a widening global supply glut that easily outpaces demand growth. The investment bank’s latest outlook suggests that even if oil consumption rises steadily over the next three years, supply […]
A flood of debt sales by Big Tech threatens to overwhelm buyers and could weaken the credit market on both sides of the Atlantic. That’s the warning from Wall Street and investors if the recent pace of megabond offerings from the likes of Alphabet Inc and Meta Platforms Inc continue into 2026. These sales have […]
