Omnitech Engineering, a Gujarat-based precision components maker, has filed its RHP for a Rs 583 crore IPO comprising a Rs 418 crore fresh issue and a Rs 165 crore offer for sale by promoter Udaykumar Arunkumar Parekh. The issue will be offered via the book-building route, with up to 50% reserved for QIBs and anchor bidding opening on February 24, followed by the main offer...Read More
Market veteran Samir Arora expresses cautious optimism for India’s equity market, expecting a stable trajectory with reasonable earnings growth. He advises investors to remain disciplined, particularly in the IT sector, urging patience until visibility improves and valuations adjust. Arora prefers steady sectors like financials and consumption over areas with high disruption risk.Read More
Japan’s government bond (JGB) yield curve maintained its flattening trend on Thursday, as foreign investors supported demand for a 20-year bond auction, the first after Prime Minister Sanae Takaichi’s tax-cut pledge had sent its yield to record highs last month.Read More
U.S.-based Invitation Homes forecast annual funds from operations (FFO) below Wall Street estimates on Wednesday, as the real estate investment trust navigates higher costs in an inflationary environment.Read More
Pernod Ricard has nothing new on the horizon in terms of an initial public offering of its Indian unit and this is one of a long list of options the company reviews annually, CEO Alexandre Ricard told Reuters following reports the company was mulling a listing.Read More
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