At the upper end of the band, the issue values Shadowfax at a pre-IPO market cap of about Rs 7,169 crore. The offer comprises a fresh issue of shares worth Rs 1,000 crore and an offer for sale of Rs 907 crore by existing shareholders. Shares are slated to list on the BSE and NSE...Read More

Asian markets opened lower Tuesday. President Donald Trump’s tariff threats regarding Greenland have reignited trade tensions. This has impacted investor confidence. European shares fell significantly on Monday. US markets were closed. Investors are watching for the European Union’s response to potential US tariffs. The situation adds to existing market nervousness.Read More

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Wipro shares plummeted over 8% on Monday following a disappointing fourth-quarter growth outlook provided by the IT services firm. The company reported revenue of ₹23,556 crore for the quarter ended December 31, with modest sequential and year-on-year increases. Analysts expressed concern over the management’s guidance, leading to a significant drop in the stock price.Read More

Reliance Industries shares saw a significant drop on Monday. This decline followed the company’s third-quarter results. Analysts point to slower growth across its business segments. Investors are advised to observe further developments. The stock has experienced a notable fall in the past month. Technical indicators suggest continued weakness. A cautious approach is recommended for retail...Read More

Sun Pharmaceutical Industries Ltd has submitted a non-binding offer to acquire US-based Organon for an all-cash deal, securing $10-14 billion in acquisition financing. This move marks Sun Pharma’s boldest global bet, aiming to bolster its presence in women’s health biopharma and biosimilars. The acquisition, if successful, would be the largest by an Indian pharmaceutical company.Read More

As Indian banks grapple with dwindling low-cost CASA deposits, a growing number of savers are shifting their money into market-driven investments seeking higher returns. This shift compels banks to depend increasingly on pricier short-term borrowing methods, such as Certificates of Deposit, to sustain their lending activities.Read More

Jio Platforms has reportedly shortlisted Morgan Stanley and Goldman Sachs as lead bankers for its upcoming IPO, with an expected valuation between $133-$182 billion. The company awaits finance ministry clearance for a 2.5% public float for mega IPOs, with a potential split between primary and secondary share sales. Strategic investors like Google and Meta are...Read More

ReNew Energy Global is planning a significant offshore fundraising of approximately $500 million through dollar-denominated bonds issued via GIFT City. The funds will be utilized for on-lending within the ReNew Group, debt repayment, and other permitted corporate activities. Several major international banks are involved as joint global coordinators and bookrunners for this transaction.Read More

Indian equity markets closed lower amid a cautious global sentiment and mixed earnings reports. Analysts anticipate sideways trading, influenced by global cues and ongoing corporate results, with geopolitical escalations posing a significant risk. The India VIX saw a 4% rise, indicating increased market fear.Read More