Seven companies across fintech, healthcare, retail, manufacturing and environmental engineering have secured Sebi approval to launch IPOs. The cleared list includes Fusion CX, Orient Cables, RSB Retail, Lohia Corp, SFC Environmental, Turtlemint Fintech and Yashoda Hospitals, highlighting a broad-based primary market pipeline.Read More
KSH International’s Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook.Read More
Life Insurance Corporation of India (LIC) has invested the maximum amount of Rs 88,404 crore in the Tata Group, followed by an infusion of Rs 80,843 crore in HDFC Bank and Rs 60,065.56 crore in Reliance Group, Parliament was informed on Tuesday.Read More
Indian markets may be nearing a turning point as consumption indicators improve and strategic foreign investors increase bets on financials, says ASK Private Wealth CIO Somnath Mukherjee. While FPIs remain net sellers, even small inflows could lift equities. He remains positive on InvITs, REITs and gold, citing structural demand and lower global interest rates.Read More
Round-the-clock trading is fast approaching U.S. stock markets, but not all of Wall Street is embracing the move. Several of the largest U.S. banks are reluctant to push aggressively into enabling round-the-clock stock trading, even as equity markets are marching toward a broad rollout of nearly nonstop trading later next year and exchanges are preparing for action.Read More
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