Tata group firm Tata Technologies raised Rs 791 crore from 67 anchor investors on Tuesday, at the higher end of the Rs 475-500 price band. The firm’s IPO opens for subscription on Wednesday, in what will be the first IPO of a Tata Sons entity for almost 20 years after TCS in 2004.
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Read moreThe Indian equity indices on Thursday recovered from intra-day lows after a weak start. Sensex advanced 486 points or 0.66% to close the day’s trading at 74,339.44. The Nifty 50 closed 167.95 points or 0.75% higher after a volatile session at 22,570.35. The gainers included Axis Bank, SBI, Dr Reddy’s Lab, JSW Steel, and Nestle India. The Indian Volatility Index (India VIX) was up 4.38%.&nbs…
Read moreTrust Fintech Ltd, a provider of SaaS product-focused fintech software solutions, on Wednesday fixed the price band at Rs 95-101 per share for its initial public offering. The Initial Public Offer (IPO) will open on March 26 and conclude on March 28. The anchor portion will be opened on Friday, the company said in a statement. The IPO is only a fresh issue of 62.82 lakh equity shares with a fac…
Read moreWarren Buffett on Wednesday shared more details about the stocks he’s been selling. He confirmed that in the second quarter, he sold over 389 million shares of Apple. Despite this, Berkshire Hathaway still holds 400 million Apple shares, making Apple the largest investment in their portfolio. This information was first hinted at in Berkshire’s earnings report earlier this month, but the…
Read moreGIFT Nifty traded down 90 points or 0.46% at 19385, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously on Thursday, the NSE Nifty 50 dropped 48.20 points or 0.25% to settle at 19,395.30, while the BSE Sensex shed 143.41 points to 64,832.20.
“Markets remained range bound for the third day in a row and ended marginally lowe…
Read moreIt was huge news at the time: the National Association of Realtors (NAR) agreed in March to pay $418 million and make changes to how the home-buying process works in order to settle a class-action lawsuit that alleged the industry conspired to make agent commissions higher than they needed to be.
The provisions of the settlement go into effect on Aug. 17. For now, what consumers can expe…
Read moreHomegrown OTT platform, Ullu Digital Limited, has submitted a draft red herring prospectus (DRHP) to the BSE SME for its upcoming initial public offering (IPO).
The proposed IPO aims to raise funds through the issuance of up to 62,62,800 fresh equity shares, without any offer for sale (OFS) component, as highlighted in the DRHP.
Ullu anticipates garnering between Rs 135-…
Read moreAdidas AG shares slumped after the German shoemaker warned of an operating loss of as much as €700 million ($752 million) in 2023 from the fallout of its dispute with rapper and former partner Ye.
The German sneaker brand said that’s the worst-case scenario if it has to write off all existing Yeezy inventory. It previously flagged that profit and revenue have been hurt by the d…
Read moreSilicon Valley Bank—which is under federal government control after becoming the second-largest bank failure in U.S. history last week—has a new CEO, Tim Mayopoulos.
Mayopoulos, who has other crisis experience, says that business will carry on as usual while he works to unwind the bank’s assets.
The Federal Deposit Insurance Corporation (FDIC) was quick to interven…
Read moreWhen it takes to the skies, the Radia WindRunner will be the world’s largest cargo plane. The entrepreneurs behind Radia created it for one reason: to facilitate the shipping of gigantic wind blades to challenging locations.
The plane is a behemoth with a volume ten times greater than that of a 747 and a cargo hold capable of carrying a nearly 350-ft blade. Because wind farms are typica…
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