Mamaearth’s parent firm Honasa Consumer Ltd, co-founded by Shark Tank fame entrepreneur Ghazal Alagh, has filed DRHP for an IPO to raise up to about Rs 3,000 crore for existing selling shareholders and fresh issue, according to reports. Honasa Consumer is the owner and operator of personal care brands such as Mamaearth, BBlunt and The […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Wednesday, 8 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Australian shares bounced […]
By VK Vijayakumar Inflation has emerged as a threat to economic growth and markets, globally. In US, inflation touched 8.3 per cent in April; in the Euro Zone inflation is at 7.5 per cent and in UK at 9 per cent. In countries like Turkey and Sri Lanka there is hyperinflation. In India, CPI inflation […]
The majority of the portfolio management services (PMS) schemes underperformed the Nifty50 in FY23 amid sustained market volatility. As many as 56%, or 165 of the 297 PMS schemes were not able to beat the returns generated by the benchmark. The 297 schemes collectively delivered average returns of -0.1%, slightly higher than the -0.6% given […]
Hindenburg Research, the short investor whose reports on companies have erased a big chunk of their value, criticized Icahn Enterprises LP (IEP) on Tuesday over the reporting of its finances, leading to a 20% drop in the shares of activist investor Carl Icahn‘s firm. The development represents a rare challenge for Icahn who is accustomed, […]
Mankind Pharma share price fell 6% today after surging 32% over the IPO price yesterday in its stock market debut. Analysts have mixed views on whether investors should buy, sell, or hold Mankind Pharma stock. The scrip listed at a premium of 20% to its issue price of Rs 1080 and closed its listing day […]
The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic of discussion between the US […]
By Siddhant Mishra The equity benchmarks gave up gains on Tuesday, falling over 1% owing to the US Federal Reserve’s continued hawkish stance and cautious commentary by IT giant TCS. Tata Motors led gains in the Sensex pack, zooming 6.07%, as the automaker posted a 13% year-on-year rise in global sales, and said that it […]
By Sameet Chavan The Indian equity market has witnessed a strong expiry session, wherein the timid opening led by weak Asian cues got bought into by the bulls of D-street. The splendid move was backed by broad-based buying that has boosted the overall market sentiments and has showcased the assertiveness among the participants. The benchmark […]
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