Travelstack Tech, backed by Goldman Sachs and Anupam Mittal, has filed DRHP for an IPO combining a Rs 250 crore fresh issue and offer for sale, with proceeds funding working capital, debt repayment and growth as corporate travel demand expands in India.Read More
Zerodha CEO Nithin Kamath reveals that short delivery auctions are driving sharp post-listing IPO gains, punishing short sellers. These auctions, triggered when traders fail to deliver shares, force them to buy back at significantly higher prices, creating opportunities for existing shareholders to sell at a premium.Read More
Promoter Bhavish Aggarwal on Thursday sold 2.83 crore shares of Ola Electric through a bulk deal, marking the third consecutive day of stake offloading. The shares were sold at Rs 31.60 apiece, taking the total transaction value to Rs 90.27 crore, exchange data showed.Read More
Seven NSE largecap companies, including HDFC Bank and Bajaj Finance, posted their highest quarterly profits in 10 quarters, reflecting strong growth and robust financial performance.Read More
The Bank of England has cut interest rates to 3.75% following a narrow 5-4 vote, with Governor Andrew Bailey shifting his stance. While signalling a gradual downward path for borrowing costs, policymakers expressed concerns about persistent inflation, which remains the highest among G7 economies. The central bank also revised its growth forecast downwards, anticipating stagnation...Read More
Nasdaq anticipates a surge in company listings next year. Several major startups are preparing to go public in the US. This signals growing confidence in the market for new offerings. Companies and investors are looking beyond recent market fluctuations. This trend suggests a strong start to the year for IPOs, with optimism for the latter...Read More
Accenture has surpassed revenue forecasts for the first quarter. Strong demand for its artificial intelligence IT services fueled this growth. The company’s AI strategy is showing positive results. Enterprises are increasingly adopting AI for cost reduction and productivity gains. New bookings also saw a significant rise. However, demand from public sector clients remains mixed.Read More
Short sellers in newly listed Meesho were caught off guard as a sharp 100%+ post-listing rally pushed over one crore shares into the exchange auction. With just 6% free float and limited supply, bears failed to deliver stock on settlement—underscoring the growing risks of shorting momentum-driven, low-float IPOs.Read More
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