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SoftBank-backed Ola Electric likely to peg valuation at $4.5 bn in upcoming IPO

Manufacturing

16 July, 2024

SoftBank-backed Ola Electric likely to peg valuation at $4.5 bn in upcoming IPO

SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial ......

Sensex, Nifty post record closing highs for second day aided by IT stocks

Finance

16 July, 2024

Sensex, Nifty post record closing highs for second day aided by IT stocks

India's benchmark indexes notched record closing highs on Tuesday, buoyed by gains in heavyweight information technology stocks amid prospects of ......

Premium
SEBI clears Northern Arc for IPO while putting SK Finance on hold

Finance

15 July, 2024

SEBI clears Northern Arc for IPO while putting SK Finance on hold

Non-banking financing company Northern Arc Capital, which counts Leapfrog, Eight Roads, 360 One among its investors, has received India’s capital ......

Sensex, Nifty end at record closing high, aided by PSU stocks

Finance

15 July, 2024

Sensex, Nifty end at record closing high, aided by PSU stocks

India's blue-chip indexes logged record closing highs on Monday, led by gains in state-owned companies, with mid-cap stocks also extending ......

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How Paytm, Zomato and other internet-related businesses are valued on stock markets

TMT

15 July, 2024

How Paytm, Zomato and other internet-related businesses are valued on stock markets

In the second half of 2021, the pandemic-driven boom in technology stocks prompted many Indian internet-related business ventures to float ......

Hyundai rules out special worker share allocation in India IPO despite protests

Manufacturing

12 July, 2024

Hyundai rules out special worker share allocation in India IPO despite protests

South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth ......

Sensex, Nifty rise for sixth straight week, IT stocks re-join the party after TCS results

Finance

12 July, 2024

Sensex, Nifty rise for sixth straight week, IT stocks re-join the party after TCS results

The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long record-breaking rally after ......

Sensex, Nifty end Thursday's session flat amid sideways trading

Finance

11 July, 2024

Sensex, Nifty end Thursday's session flat amid sideways trading

Indian shares closed broadly unchanged on Thursday, swinging from a higher open to succumbing to profit-booking along the way, as ......

Mahindra & Mahindra, banks hold up Indian shares' record rally

Finance

10 July, 2024

Mahindra & Mahindra, banks hold up Indian shares' record rally

Indian shares declined on Wednesday, weighed by banks on worries of moderation in their earnings and by Mahindra and Mahindra ......

Bain-backed Emcure Pharma jumps 35% on listing at $223 mn valuation

Healthcare

10 July, 2024

Bain-backed Emcure Pharma jumps 35% on listing at $223 mn valuation

Indian drugmaker Emcure Pharmaceuticals' shares rose 34.9% in debut trade on Wednesday, beating analysts' estimates and valuing the company at ......