Alibaba‘s logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in the Asian financial hub. Cainiao Network Technology’s initial public offering (IPO) plan comes after Alibaba flagged in late March it […]
Punjab and Sind Bank on Tuesday reported a 32% year-on-year increase in its net profit for the fourth quarter of the previous fiscal despite a marginal decline in the net interest income. The lender reported a net profit of Rs 456.99 crore for the quarter ended March 31, 2023, registering a 22.4% increase on a […]
In what could be the biggest IPO of this year, Mankind Pharma on Wednesday set a price band of Rs 1,026-1,080 for the offering. The fourth-largest pharmaceutical firm in the country aims to raise Rs 4,326 crore at the upper end of the price band, at a $5.26-billion valuation. This is the third public offering […]
US stock index futures were subdued on Thursday ahead of the keenly awaited December inflation data that would offer more clues on the Federal Reserve’s path of monetary tightening. The inflation report, due at 8:30 a.m. ET (1330 GMT), is expected to show US Consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% […]
Domestic indices were trading higher on Monday. The BSE Sensex rose 139.9 pts or 0.24% to 59,275.03 and NSE Nifty 50 jumped 42.25 pts or 0.24% to 17,455.15. Bank Nifty climbed 91.25 pts or 0.23% to 40,576.70. The top gainers on Nifty 50 were Kotak Bank (up 1.30%), Bank of Baroda (up 0.95%), HDFC Bank […]
Adani group share tumbled up to 18% on Friday in the aftermath of the 103-page report released by US-based forensic financial research firm Hindenburg Research, which alleged accounting fraud, stock manipulation and improper use of offshore tax havens by the group. Continuing the sell-off seen on Wednesday, Adani Enterprises shares fell more than 3% to […]
Foreign institutional investors (FII) bought shares worth a net Rs 211.06 crore while domestic institutional investors (DII) purchased shares worth a net Rs 90.81 crore on Tuesday, January 17, 2023, according to the data available on NSE. For the month till January 17, FII sold shares worth a net Rs 17,958.61 crore while DII bought […]
By Karun Arya This festive season is set to be the most exciting yet. We have more brands than ever before vying for consumer attention and a share of their wallets. With the influx of hundreds of new D2C brands, the competition is tighter than ever before. As one of the largest financing platforms for […]
Indian benchmark equity indices closed Monday’s session broadly higher. The BSE Sensex closed above 60,200 and the NSE Nifty 50 settled above 17700. Bank Nifty concluded above 41350. The top gainers of the Nifty 50 were Adani Enterprises (up 5.45%), Tata Motors (up 2.92%), ONGC (up 2.56%), NTPC (up 2.35%) and Power Grid (up 2.32%) […]
By Siddhant Mishra A clutch of 40 companies raised close to `59,412 crore from main board initial public offerings (IPOs) in 2022, data from Prime Database showed. The amount was half the `1.19 trillion – an all-time high – raised by 63 offerings in 2021. Last year, Life Insurance Corporation alone mopped up Rs 20,557 […]
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