Previous Day Market Sensex Closed At 52,837 up by 638.70 points Nifty Closed At 15,752 up by 191.95 points In an interesting move, Zomato decided to pull back its listing date to 23 July instead of 27 July, as was originally scheduled. It may be recollected that the price of the IPO was discovered at
Previous Day Market Nifty Closed At 15727 Down By 151 Points Sensex Closed At 52568 Down By 485 Points Zomato fixed the IPO price band for its Rs.9,375 crore IPO in the range of Rs.72 to Rs.76 per share. The issue will open on 14 July and close for subscription on 16 July. Zomato is
Previous Day Market Sensex closed at 52,323.33 down by 178.65 points Nifty closed at 15,691.40 down by 76.15 points The first estimates of June quarter GDP are out and UBS expects GDP to contract by -12% in the Jun-21 quarter. This will be a stark contrast to the positive growth cues that India has seen
The latest round of retail leadership war between Amazon and Reliance is being fought in the courts between Amazon and the Future Group. Amazon has its reasons for holding up the RRIL / Future Group deal, but for the Future group, time may be really running out. Looks like a prolonged war Clearly, there does
After Amazon opted to approach the Supreme Court to stall the FRL-RRIL merger worth Rs.24,700 crore, the Future group has confirmed that it will fight the case legally and ruled out any compromise on the matter. Future Group had also mentioned in a recent interview that Amazon had demanded that Future Retail pay up $40
The IPO of Antony Waste Handling was subscribed 15 times on the last day. Like Burger King and Bectors Foods, Antony also saw full subscription in a few hours of opening. However, the final subscription numbers were not as impressive as the QSR names. Antony received bids for 10.03 crore shares against the offer size
India’s fiscal deficit in the first half of the fiscal year ending Sep-20 has already touched 115% of the full year target. Against the full year target of Rs.7,92,000 crore, the government fiscal deficit had already crossed Rs.9,13,000 crore by September. With another six months still to go, it looks the combination of weak revenues
Aditya Puri handed over charge to Sasidhar Jagdishan on 26 October, bringing an end to an illustrious 26-year career. Puri has been with HDFC bank since its day of inception and built it to become one of the most formidable banks in India and also the most valuable bank in terms of market capitalization.
In a rather unprecedented move, the RBI deferred the forthcoming meeting of the MPC scheduled on September 29, 30, and October 1. The monetary policy, therefore, will not be presented on October 01. While there has been no reason give, apparently it is because 3 members of the MPC demitted office on September 22.
The big question in the global technology market is whether Bytedance, the owner of the Tik Tok brand will allow Microsoft to take over its US business. Satya Nadella has hinted at a payment in excess of $40 billion for the US business of Tik Tok. That would be top dollar since Bytedance has