India’s primary market is set for a big comeback in July, with companies planning to raise $2.4 billion through IPOs, according to investment bankers. The surge comes after a strong $2 billion in funding raised in June, led mainly by the blockbuster listing of HDB Financial Services. If realized, July would be the strongest IPO…
How to Check Allotment Status 🔗You can check your HDB IPO allotment via BSE, NSE, or the registrar MUFG Intime (formerly Link Intime). Here are direct links and step-by-step instructions: 1. BSE1. Visit the Applications → IPO Allotment page2. Select Equity as the issue type3. Choose HDB Financial Services IPO4. Enter your Application Number or…
Gujarat-based Torrent Pharmaceuticals has resumed acquisition discussions with private equity firm KKR to buy its 47.84% stake in JB Chemicals & Pharmaceuticals (JB Pharma), according to sources familiar with the matter. A formal agreement is expected to be signed soon. Torrent had previously entered into extended negotiations with KKR last year, but the deal fell…
India’s fintech sector is booming, driven by rapid digital adoption, strong government support, and a growing middle class. Amid this momentum, Infibeam Avenues has emerged as a key player, offering end-to-end e-commerce and payment solutions. On the back of this sectoral strength, Infibeam Avenues’ share price surged by 15% today, riding high on positive company-specific…
Asia-Pacific markets rose on Monday as investors focused on fresh economic data from China and ongoing geopolitical tensions between Israel and Iran. Oil prices surged and gold rallied after the weekend saw continued strikes exchanged between Israel and Iran, escalating concerns over regional stability. The move into safe-haven assets reflected investor caution amid the geopolitical…
The Indian stock market ended higher for the second straight session on Wednesday, June 25, buoyed by positive global cues and easing geopolitical tensions, particularly the pause in hostilities between Iran and Israel. The S&P BSE Sensex rose 700.40 points (0.85%) to close at 82,755.51, while the NSE Nifty rose 200.40 points (0.80%) to close…
KPIT Technologies shares dropped over 5% on Tuesday after the company released a cautious mid-quarter update, highlighting persistent uncertainty in the business environment. Shares of the Pune-based automotive IT firm declined as much as 5.11% on the BSE, hitting an intraday low of ₹1,319.70 despite an overall positive market trend. On the National Stock Exchange,…
Oswal Pumps shares opened on the stock exchanges with a marginal premium on Friday, June 20. On the National Stock Exchange (NSE), the stock opened at ₹ 634—a gain of 3.26% over its issue price of ₹ 614. On the Bombay Stock Exchange (BSE), it listed marginally lower at ₹ 632, reflecting a 2.93% premium….
India’s equity indices witnessed a sharp decline on Thursday as market volatility surged. The Nifty50 dropped below the 25,000 mark, while the BSE Sensex plunged 700 points, reflecting investor caution amid global uncertainties. Market Performance at a GlanceNifty50: 24,928.15, down 213 points (-0.85%) BSE Sensex: 81,837.38, down 678 points (-0.82%) Key Drivers Behind the DeclineThe…
The Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), aimed at strengthening its green financing initiatives. The funds were raised by issuing 12.15 crore equity shares at ₹165.14 per share, which includes a premium of ₹155.14 over the ₹10 face value. The issue price represents…
