Investment bankers are proposing a valuation of up to $170 billion for Jio Platforms Ltd., potentially leading to a record-breaking IPO for Reliance Industries’ wireless carrier. This valuation would position Jio among India’s top companies, with the listing expected in the first half of 2026. Revised listing regulations may impact the total funds raised.Read More
An ETMutualFunds analysis revealed that 12 equity mutual funds, including Parag Parikh Flexicap, Quant Smallcap, HDFC Midcap, and Nippon India Smallcap Fund, consistently delivered over 20% CAGR across three, five, and seven-year periods. The study covered 177 equity funds with over seven years of track record, excluding hybrid, sectoral, and thematic schemes. Quant Smallcap Fund and Invesco India Midcap Fund emerged as top performers across...Read More
Nomura upgraded Asian Paints and Berger Paints to ‘Buy’, noting that the worst of competition from Birla Opus is over. The brokerage raised target prices, citing resilient margins, stable growth outlook, and limited disruption despite heavy new entrant investment.Read More
Gold prices surged past $4,000 an ounce on Thursday. A weaker dollar and the ongoing US government shutdown fueled economic outlook concerns. Analysts predict further Federal Reserve rate cuts could push gold to $4,200 by year-end. Meanwhile, silver, platinum, and palladium also saw gains. Investors are closely watching economic indicators.Read More
Pine Labs’ Rs 3,900 crore IPO opens on November 7 with steady investor interest, a 7% GMP, and optimism around its fintech growth and profitability turnaround.Read More
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