Swiggy IPO Gets Sebi Approval: All You Need to Know About Rs 11,000-Crore Issue

Swiggy IPO Gets Sebi Approval: All You Need to Know About Rs 11,000-Crore Issue

Food and grocery delivery major Swiggy has received markets regulator Sebi’s clearance to launch its much-anticipated initial public offering (IPO), according to reports. The Rs 11,000-crore IPO is expected to be launched in November. Swiggy filed its offer document on April 30 through the confidential pre-filing route, keeping details undisclosed for the time being. Under … Read more

Northern Arc Capital Shares Debut with Over 33% Premium

Mainboard IPOs Boom In FY24, Raising Rs 62,000 Crore Amidst Strong Retail Participation

The Rs 777-crore share sale had a price range of Rs 249-263 per share. Shares of nonbanking financial institution Northern Arc Capital Ltd jumped over 33 per cent in market debut on Tuesday against the issue price of Rs 263. Shares of non-banking financial institution Northern Arc Capital Ltd jumped over 33 per cent in … Read more

Arkade Developers IPO Allotment Finalised: How to Check Status Online, Know GMP Today, Listing Date

Premier Energies IPO Allotment Finalised: A Step-by-Step Guide To Check Status, Know GMP Today

Arkade Developers IPO Allotment Finalised, GMP Today: The share allotment of the Arkade Developers IPO, which was available for public subscription between September 16 and September 19, has been finalised. Investors must have got a bank debit message if they are allotted shares. They can also check allotment status on the websites of BSE and … Read more

LIC Mutual Fund Launches New Scheme: All You Need to Know

LIC Increases Stake In Railway Sector PSU IRCTC To 9.3%; Shares Rise

The new LIC mutual fund scheme aims to provide a diversified portfolio of companies that come under the ambit of manufacturing theme. The LIC Manufacturing Fund scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index). LIC Mutual Fund on Friday launched a new open-ended equity scheme following the manufacturing theme — … Read more

IndiGo, SpiceJet Shares Rally On August Domestic Aviation Traffic Data; Details

IndiGo, SpiceJet Shares Rally On August Domestic Aviation Traffic Data; Details

Last Updated: September 16, 2024, 13:42 IST IndiGo airline. (File photo) Shares of SpiceJet and InterGlobe Aviation (IndiGo) gained on September 16; Here’s why Shares of SpiceJet and InterGlobe Aviation (IndiGo) gained on September 16 after data released last week showed that competition among domestic airlines in India is heating. The market share of Air … Read more

LIC Increases Stake In Railway Sector PSU IRCTC To 9.3%; Shares Rise

LIC Increases Stake In Railway Sector PSU IRCTC To 9.3%; Shares Rise

Last Updated: September 13, 2024, 11:43 IST Life Insurance Corp (LIC) has hiked its stake in Railway PSU Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent, the state-run insurance company said in an exchange filing. In a regulatory filing, LIC said its holding in railway sector ‘miniratna’ PSU has increased 2.02 … Read more

Indian Life Insurers Report 22% Y-o-Y Growth in New Business Premiums; Policy Issuances See Modest Drop in August 2024

Indian Life Insurers Report 22% Y-o-Y Growth in New Business Premiums; Policy Issuances See Modest Drop in August 2024

The life insurance industry has also been actively expanding its agent network to enhance penetration, especially in underserved areas. Individual single premiums grew by 8.35% Y-o-Y to ₹4,302.58 crore in August 2024, while YTD growth for this segment reached 15.54%. Indian life insurers recorded a new business premiums (NBPs) growth of 21.86 per cent year-on-year … Read more

Market Trends To Be Shaped By Inflation Data and Global Influences: Analysts

Budget 2024: Why Did Share Market Decline Today?

Analysts suggest that macroeconomic data releases, global trends, and foreign investor trading activity will be the key drivers for equity markets this week. Among macroeconomic data announcements, industrial production for July and inflation data for August will be announced on Thursday. “Crude oil prices have seen a meaningful correction over the past few days with … Read more

Spicejet Plans to Raise Over Rs 3,200 Crore Via Debt, Equity

Spicejet Plans to Raise Over Rs 3,200 Crore Via Debt, Equity

Published By: Mohammad Haris Last Updated: September 06, 2024, 16:55 IST Spicejet plans to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion. The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction and other general purposes, SpiceJet says in a corporate presentation. Cash-strapped domestic … Read more

Tata Motors, TVS, Maruti, Eicher: Analysts Expect Good Sales Ahead After Muted August Numbers

Tata Motors, TVS, Maruti, Eicher: Analysts Expect Good Sales Ahead After Muted August Numbers

The latest wholesale numbers show a decent pick-up in two-wheelers, while a slowdown in the three-wheeler and four-wheeler segments. (Photo: Shutterstock) Barring two-wheelers, August 2024 wholesale volume performance was muted across most segments owing to inventory correction and a shift in festive (Onam) to September this year. In a mixed signal in the automobile industry, … Read more

BPCL Dividend 2024: Govt Gets Rs 2,413 Crore From Oil PSU

BPCL Dividend 2024: Govt Gets Rs 2,413 Crore From Oil PSU

The government has received about Rs 2,413 crore in dividends from oil PSU BPCL, the Department of Investment and Public Asset Management (DIPAM) said on Monday. “Government has received about Rs 2,413 crore from BPCL as dividend tranche,” DIPAM Secretary Tuhin Kanta Pandey said in a post on X. In the current financial year 2024-25 … Read more

Premier Energies IPO Listing on Tuesday: Check GMP Today

Premier Energies IPO Allotment Finalised: A Step-by-Step Guide To Check Status, Know GMP Today

As the share allotment of the Premier Energies IPO has been finalised, the company is set to make its stock market debut on Tuesday, September 3. According to market observers, investors’ money is likely to be doubled on the listing day, with the grey market premium (GMP) running as high as 112 per cent. Premier … Read more

LTIMindtree Stock Rises 6% On Upgrade By Kotak, GST Relief; Details

Union Budget 2024: 7 Stocks To Add To Your Portfolio For Up To 22% Upside

Shares of LTIMindtree rose over 6 per cent after Kotak Institutional Equities upgraded the stock. This increase also follows the Karnataka High Court’s stay on a Rs 378-crore tax order against the company for alleged non-payment of integrated goods and services tax. Domestic brokerage Kotak Institutional Equities has upgraded information technology major LTIMindtree (LTIM) to … Read more