Category: Business News

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Memory chip giant Micron Technology has surpassed Meta Platforms in market valuation for the first time, driven by a robust AI-fueled surge. Strong fourth-quarter revenue and profit projections, coupled with $22 billion in customer commitments for chip supplies, have propelled Micron’s shares to new heights, signaling a significant shift in the tech landscape.

Advit Jewels’ IPO opened with significant investor enthusiasm, evidenced by a 40% grey market premium. The Jaipur-based jewellery maker aims to raise Rs 165 crore through a fresh issue to fund working capital and debt repayment. With strong revenue and profit growth, and a positive analyst rating, the company is poised for a potentially strong…

SBI Funds Management, India’s largest mutual fund house, has secured SEBI’s nod for its upcoming Initial Public Offering, expected to launch early in July. The public issue will be an Offer for Sale, with existing shareholders State Bank of India and Amundi India divesting a portion of their stakes. This move signals a significant step…

India anticipates two massive IPOs: the National Stock Exchange and Mukesh Ambani’s Jio Platforms. Local investor sentiment is crucial, especially after a sluggish market and a depreciating rupee. While both companies boast strong market positions, Jio’s fresh capital raise contrasts with the NSE’s offer-for-sale. The success of these listings hinges on attracting retail buyers and…

Jio Platforms, Reliance Industries’ digital arm, has filed for India’s largest-ever public issue, aiming to raise a record $4 billion. This IPO, the first from RIL in nearly two decades, will see a fresh issue of shares to fund strategic priorities like 5G expansion and debt reduction. The offering could value Jio Platforms at a…

Ocean cruise operator Waterways Leisure Tourism is set to raise ₹585 crore for expansion and lease payments. Despite operating a single vessel, the company plans to add two more, aiming to boost capacity. However, recent financial reports show declining revenue and profits, with a significant increase in passenger attrition and dependence on Mumbai as a…

Four Indian companies, AGS Health, PGP Glass, Shreni Shares, and SRIT India, have received the green light from Sebi for their upcoming IPOs. These firms confidentially submitted their draft documents, with Sebi providing its observations between June 16-19. Shreni Shares plans a mix of fresh issuance and an offer for sale, while SRIT India will…

Reliance Industries shares surged as investors anticipate significant value from the upcoming Jio Platforms IPO, alongside advancements in AI and new energy ventures. Brokerages foresee substantial stock upside, with the Jio IPO expected to offer clearer insights into its growth and profitability. The company’s ambitious plans, including an AI plant and scaling new energy, are…

Jio Platforms has filed its DRHP with Sebi for a massive IPO comprising a fresh issue of up to 27 crore shares. The offering aims to reduce debt, fund growth and unlock value for shareholders, while marking a milestone for India’s largest telecom and digital services platform.