Manipal Health Enterprises is preparing to file for a $1 billion IPO in January, aiming for a valuation of up to $13 billion, which could make it India’s most valuable hospital chain. Backed by Temasek, the company has grown rapidly through acquisitions and is working with major banks to launch the country’s biggest hospital-sector listing.Read More
Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period.Read More
Vidya Wires’ Rs 300-crore IPO received strong investor interest on Day 1, getting subscribed more than 2 times, driven by robust retail and NII demand. Shares of the company were seen trading at a GMP of nearly 13, as per the latest update. Competitively priced versus peers, the company’s strong financials and sector demand make...Read More
The rupee breached the 90-a-dollar level for the first time to settle at a fresh all-time low of 90.21 (provisional) on Wednesday, down 25 paise from its previous close, amid sustained foreign fund outflows and higher crude oil prices.Read More
The National Stock Exchange has authorized Tradetron for algo-trading technology. This move supports India’s growing systematic trading. Algorithmic trading is becoming accessible to retail investors. SEBI is ensuring transparency and supervision for automated strategies. This development levels the playing field between retail traders and institutions. It promotes disciplined and systematic trading practices.Read More
Indian stocks extended their decline for a fourth consecutive session on Wednesday as investors booked profits near record highs. Sentiment remained cautious ahead of the Reserve Bank of India’s policy decision, while ongoing foreign outflows pressured the rupee to a new all-time low.Read More
Meesho’s top leadership outlines strong anchor investor interest, growth plans, and the roadmap to profitability ahead of its IPO. CEO Vidit Aatrey and CFO Dhiresh Bansal discuss user growth, monetisation levers, logistics efficiency, ad revenue expansion, and future acquisitions aimed at deepening India-wide e-commerce penetration. The company emphasises free cash flow, capital-light operations, and long-term...Read More
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