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The Rs 700-crore IPO was offered in a price band of Rs 78–Rs 82 per share. The issue comprised a fresh issue of Rs 500 crore, involving 6.10 crore shares, and an offer for sale (OFS) of Rs 200 crore, involving 2.44 crore shares sold by promoters Devendra Goel and Jay Goel.
Iraq’s oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.
The IPO, which opened for subscription on August 27 and closed on August 31, witnessed an extraordinary response from investors, with the issue subscribed a staggering 289 times overall.
Dividend stocks aren’t immune to market-wide sell-offs, but their yields create a natural floor for the stock price. As the price drops, the yield rises, which naturally brings in value investors.
US Secretary of State Marco Rubio on Wednesday said he did not think India and Iran were talking of a trade deal, and many countries around the world talk to the regime in Tehran. Rubio’s remarks came during an interview on The Brian Kilmeade Show on Fox News Radio in response to a question on…
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
As many as 16,784 people have been evacuated to safety so far, with 3,042 of them rescued on Wednesday, as flood conditions persisted in parts of Uttar Pradesh, with 23 districts currently affected out of 35 districts impacted so far, officials said. Three people have died in rain-related incidents — 18-month-old Priyansh in Pratapgarh and…
Happy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing a minor decrease in traffic…
Gold prices held steady during the early hours of Thursday’s Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payrolls data, as it may impact the Federal Reserve’s policy directions. Additionally, ongoing geopolitical tensions in the Middle East are adding to market volatility. Other precious metals displayed varied performance as trading commenced.