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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Rule on profitability record has restricted participation in recent IPOs
Until March this year, the company was part of the benchmark Nifty index
Company plans to sell 42 mn shares through IPO priced in range of Rs 44 and Rs 47 apiece
In latest surge, mutual fund houses pump in twice as much as FIIs
Move aimed at boosting retail investor participation in disinvestment
Only 1.4% retail participation in 10 PSU share sales by this route
Offer for sale for 4.5% divestment subscribed 1.27 times
The Baba Kalyani-led company was raising this money to reduce debt
Ongoing offers unlikely to succeed as shares trading above highest buyback prices
Four companies, who have announced buybacks, mop up less than one-third of the proposed number of shares
Interview with Managing director, IDFC Investment Banking
Most merchant bankers have at least two mandates; the real action could take place in 2015
The Indian market has underperformed its EM peers in the past one month
A look at the giant machine that went kaput for three hours today
The Nifty futures rollover stood at 71.4%, compared to the previous three-month average of 58%
Distinctly less agression in AstraZeneca and Essar Oil cases after earlier bet on Ricoh went sour; fear of stock price fall
Experts say a revival in the market sentiment coupled with the loyalty bonus component is luring investors