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News digest: Samvat 2075, Jhunjhunwala's worst quarter in decades, and more

A total of 30 companies raised Rs 510 billion in Samvat 2074 surpassing the previous year's tally of Rs 489 billion, data sourced from Prime Database shows

The BSE lit up for Diwali in Mumbai on Tuesday. The markets will open for muharat trading  on Wednesday  	Photo: Kamlesh D Pednekar
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The BSE lit up for Diwali in Mumbai on Tuesday. The markets will open for muharat trading on Wednesday Photo: Kamlesh D Pednekar

BS Web Team New Delhi
IPO pipeline may moderate in Samvat 2075 over weakness in secondary market

After back to back blockbuster years, the initial public offering (IPO) market is expected to witness moderation in activity in Samvat 2075. Weakness in the secondary market and political uncertainty are expected to weigh on new issuances in the coming months, say experts.

A total of 30 companies raised Rs 510 billion in Samvat 2074 surpassing the previous year’s tally of Rs 489 billion, data sourced from Prime Database shows. Read more.

Jhunjunwala takes his biggest hit in 10 quarters: Here's a look at his bets

A smallcap focus