IRCTC OFS subscribed 1.87 times

Thanks to institutional investors, the governments offer for sale (OFS) in the Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday-Friday received bids worth Rs 5,086 crore, 1.87 times the offered size. According to the BSE data (at 1530 hours) on Friday, non-retail investors put in cumulative bids worth about 74.74 million shares worth Rs […]

Petrol and Diesel Rate Today, 21 April: Fuel prices revised; Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Friday, 21 April across major cities including New Delhi, Kolkata, Mumbai, and Bengaluru. However, petrol has become cheaper by 27 paise to Rs 96.65 a litre in UP’s Gautam Buddha Nagar (Noida-Greater Noida) and diesel is being […]

IndiaFirst Life Insurance IPO gets SEBI nod; Bank of Baroda, Union Bank, Carmel Point to shed stake in OFS

Life insurance major IndiaFirst Life Insurance Company received final approval from Securities and Exchange Board of India (Sebi) to float an initial public offering to raise funds. The issue will comprise a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale (OFS) up to 14.1 crore equity shares from promoters and stakeholders. […]

What is Adani Enterprises stock’s fair value? Aswath Damodaran explains: ‘too high but no direct manipulation’

Days after US-based short-seller Hindenberg Research alleged stock manipulation in Adani group stocks, putting an 85% downside target, valuation guru Aswath Damodaran said that “it is possible that Hindenburg was indulging in hyperbole.” Damodaran, Professor of Finance at the Stern School of Business at New York University said that the share price of Adani Enterprises […]

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