Alpine Texworld IPO Day 1: Issue subscribed 20% so far; Check GMP, key details and valuation

Alpine Texworld’s initial public offering experienced a twenty percent subscription rate on its debut day. Retail investors accounted for a sixteen percent subscription of their designated share allocations. Currently, the shares are experiencing a five rupee premium in the grey market, suggesting a projected listing price of one hundred ten rupees each. The subscription period…

Calcutta Stock Exchange seeks to put exit application on hold

The Calcutta Stock Exchange requested Sebi to withhold its exit application. This action follows the West Bengal government’s support for reviving the exchange. The exchange plans to formally withdraw its exit application soon. The state government has communicated its revival proposal to the central government. CSE faces significant regulatory and technological challenges ahead.

Japan’s Nikkei rallies on bargain-hunting, Kospi recovery

Japan’s Nikkei share average rallied on Tuesday, reversing an earlier slide. Bargain-buying and a recovery in South Korea’s Kospi supported the market’s upward movement. Higher oil prices and central bank policy remained key concerns for investors globally. Mitsubishi UFJ Financial Group reached an all-time high, boosting the banking sector. Shiseido and Kawasaki Kisen Kaisha were…