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PayPal is reviewing a $53 billion takeover bid from Stripe and Advent International but considers the $60.50-per-share offer too low. Amid slowing growth, intense competition and repeated turnaround efforts, the board is weighing whether PayPal’s businesses—including Venmo—could unlock greater value separately or through a higher offer.
Chinese technology stocks experienced sharp fluctuations on Tuesday, with semiconductor shares leading a strong recovery. Investors are now focusing on an upcoming policymakers’ meeting expected later this month. This gathering is anticipated to outline economic policy priorities for the second half of the year. Analysts expect the meeting to signal a more accommodative policy stance…
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SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India’s largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit growth over three years.
SBI Funds Management received bullish brokerage coverage from Equirus Securities and Emkay Global, with target prices implying up to 31% upside from its IPO price of Rs 574. The stock debuted at a 7% premium on the exchanges, listing at Rs 610 on the BSE and Rs 613.30 on the NSE. Brokerages cited its strong…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Alpine Texworld shares debuted flat on Tuesday at their IPO price of Rs 105. The company plans to use Rs 126.25 crore raised from the IPO for expansion. Funds will support a new weaving unit and debt reduction efforts. Alpine Texworld specializes in fabric dyeing and processing with two existing facilities. The company is also…
Millworks Technologies shares: The Rs 160.34 crore IPO attracted overwhelming investor interest, closing with an overall subscription of more than 219 times.
Dixon Technologies shares may see a rally after recent declines from their peak. Government approval for the Vivo joint venture is a significant development for smartphone manufacturing. New policy support for electronics manufacturing aims to boost domestic production and global competitiveness. Expanded customs duty exemptions are expected to lower input costs for the company. These…
ICICI Bank shares rose after reporting strong June quarter earnings and improved financial metrics. Other major private lenders like HDFC Bank and Axis Bank saw their stock prices decline. Analysts favored ICICI Bank for its consistent performance and clean results this quarter. Kotak Mahindra Bank also received a buy recommendation with a watchful eye on…