Profit by knowlytics
Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
Milky Mist Dairy Food has announced its IPO price band as it aims for a valuation exceeding one billion dollars. This move comes after a reduction in share volume due to pre-listing stake sales to Temasek. The funds raised will be utilized for debt repayment and enhancing its facilities. The company’s shares are anticipated to…
PFRDA has extended the NPS same-day investment cut-off from 11 am to 1:30 pm, allowing more contributions to qualify for same-day investment. The revised deadline applies across all major NPS payment channels, improving flexibility, operational efficiency and the subscriber experience.
Happy Thursday! Competition in the payments space may change with merchant fees on UPI potentially making a comeback. This and more in today’s ETtech Morning Dispatch.
Supportive biofuel policies and ambitious capacity expansions are prompting foreign investors to build positions in key sugar mills, distilleries, and plant suppliers.
Gift Nifty was trading around the 24,652 level, a premium of nearly 4 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
The Indian stock market’s Sensex and Nifty 50 are set to open flat on August 6, influenced by mixed global signals. The previous day’s trading saw slight gains, with the Sensex up 152.05 points and the Nifty 50 maintaining positive momentum despite facing resistance.
US-Iran war: Brent crude futures slipped 37 cents, or 0.5%, to $79.08 a barrel, while US West Texas Intermediate (WTI) crude futures fell 53 cents, or 0.7%, to $74.69 a barrel
Shiprocket IPO: Bertelsmann, Temasek, Tribe Capital, and Eternal-backed Shiprocket has set the price band for its initial public offering (IPO) at ₹92-97 per share.
The Securities and Exchange Board of India’s (Sebi) attempt to improve how the country’s stock market functions by altering how closing prices are determined has led to spasms of volatility. The new formula has its merits, but wasn’t it tested out in advance?
Milky Mist Dairy Food Limited sets its IPO price band at ₹133-140 per share, with subscriptions opening on 11 August and closing on 13 August. Anchor investor allocations will occur on 10 August, with a lot size of 107 shares reserved for QIB, NII, and retail investors.