Sundar Sethuraman
 "Sundar Sethuraman")
Sundar Sethuraman
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
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Revival hopes fuel 500% surge in Jet Airways stock since September 2020
Analysts, however, advise caution against excessive speculation in the counter
 "Revival hopes fuel 500% surge in Jet Airways stock since September 2020")
BSE cash market trades on mobiles up 11x on wider access, cheap data
The share of cash market trades carried out on mobile phones was 1.5 per cent in January 2016 on the BSE. It rose to 16.6 per cent in December last year.
 "BSE cash market trades on mobiles up 11x on wider access, cheap data")
Budget wishlist: Broking community seeks time limit on Sebi proceedings
In a submission to the Union government, the brokers association said the Sebi Act does not prescribe any period of limitation on initiation of proceedings
 "Budget wishlist: Broking community seeks time limit on Sebi proceedings")
Investment bankers net decade-high $292 million from ECM activity
M&A advisory fee down 5.1 per cent to a three-year low of $303 million
 "Investment bankers net decade-high $292 million from ECM activity")
Share buybacks fail to boost firms' long-term stock performance
Since April 2017, 176 companies have repurchased their shares. Some of them have done multiple buybacks. Of these shares of 111 companies are trading currently below the price
 "Share buybacks fail to boost firms' long-term stock performance")
RailTel to Indigo Paints: January likely to see IPOs worth Rs 8,000 crore
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market
 "RailTel to Indigo Paints: January likely to see IPOs worth Rs 8,000 crore")
Sensex climbs Mount 48,000 as investors cheer Covid-19 vaccine nod
The Sensex ended the session at 48,177, following a gain of 308 points or 0.64 per cent. The Nifty, on the other hand, rose 114 points, or 0.8 per cent, to end the session at 14,133
 "Sensex climbs Mount 48,000 as investors cheer Covid-19 vaccine nod")
Missing the mark: How will govt achieve divestment target for FY21
Among strategic sales, the government is already working on plans to divest Bharat Petroleum, Container Corporation, BEML, and Shipping Corporation
 "Missing the mark: How will govt achieve divestment target for FY21")
Antony Waste makes strong market debut, shares list at 36% premium
The company has a post-listing market capitalisation of Rs 1,152 crore
 "Antony Waste makes strong market debut, shares list at 36% premium")
After a frenzied day-one pop, most IPO superstars often bite the dust
Four of the five most-subscribed initial public offers are down 12-71% over day-one listing gains
Antony Waste aims second shot at listing after failure of IPO in March
The company will launch its Rs 300-crore IPO again on December 21 in a price band of Rs 313-315 per share
Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO
Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription
Mrs Bectors Food Specialities' IPO subscribed 11.4 times on Day 2
The portion reserved for employees was subscribed the most (30x); the retail investors' portion was subscribed 16.4x, the wealthy investor portion 8.6x, and the institutional investor portion 4.7x
Markets see liquidity gush as FPI inflows surpass $20 billion mark
It's the highest-ever in rupee terms; three-fourths of flows have come since November
 "Markets see liquidity gush as FPI inflows surpass $20 billion mark")
Mrs Bectors Food IPO subscribed 3.72 times on first day of bidding
The company on Monday had allotted shares worth Rs 162 crore to anchor investors
Burger King shares more than double in best listing day show in three years
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
 "Burger King shares more than double in best listing day show in three years")
Mrs Bectors' Rs 540-cr IPO to open for subscription on December 15
The issue comprises of Rs 40 crore of fresh capital raise and Rs 500 crore of secondary share sale by four existing shareholders
IRCTC shares tank over 10% as govt begins to offload 20% stake via OFS
The stock ended at Rs 1,452, down 10.3 per cent. Analysts said the higher than excepted paper supply by the government weighed on sentiment
 "IRCTC shares tank over 10% as govt begins to offload 20% stake via OFS")
With no stopping the bull, Sensex crosses 46,000 amid record FPI flows
Benchmark indices gain in 14 out of past 21 sessions
 "With no stopping the bull, Sensex crosses 46,000 amid record FPI flows")
Rising market tide has lifted even firms written off by investors
Shares of several companies written off by investors are making a comeback
 "Rising market tide has lifted even firms written off by investors")