Latest Updates Around The World
Indian fintech company Pine Labs has cut the size of its initial public offering, trimming the portion offered by existing investors by 44% and reducing the number of new shares issued to raise funds by 20%, an updated prospectus shows. The IPO, scheduled for November 7 to 11, follows a wave of listings on a […]
As consumers finish their last festive shopping on Sunday, companies selling clothing to smartphones, white goods and cars estimate up to 50% more sales between Navratri and Diwali this year than last year. For auto and electronics manufacturers, growth this season is the fastest in more than a decade. Industry executives attributed this increase in […]
Tenneco Clean Air India Ltd., a unit of the U.S.-based auto parts maker, is planning an initial public offering next month that could raise about 30 billion rupees ($342 million), according to people familiar with the matter. The supplier of emissions control systems to Indian automakers has started roadshows for investors, seeking a valuation of […]
Mumbai: A rush to buy stock market debutant LG Electronics India at the opening of trading on Tuesday appears to have led to a funny twist. As investors rushed to buy LG early to cash in on the listing, some accidentally ended up buying shares of a namesake company: LG Balakrishnan and Bros, a Coimbatore-based […]
The Indian market reversed early gains to close lower for a second straight session on Tuesday, with a pullback in the financial sector weighing on sentiment. Meanwhile, LG Electronics India, despite not being part of the indices, made a blockbuster debut, with a 50% premium to its issue price, the strongest market debut for a […]
Indian benchmark indices Sensex and Nifty reversed early gains to close lower for a second straight session on Tuesday, with a pullback in the financial sector weighing on sentiment. Meanwhile, LG Electronics India, despite not being part of the indices, made a blockbuster debut, with a 50% premium to its issue price, the strongest market […]
Winro Commercial India today struck gold in the stock market, posting a daily profit of Rs 2.15 crore on LG Electronics India’s blockbuster listing. The smallcap company, with a market cap of just Rs 30.26 crore, turned its IPO investment from Rs 4.27 crore (37,482 allotted shares) into Rs 6.42 crore within hours of listing […]
