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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Angel Broking to launch Rs 600-cr initial public offering next week
Angel Broking will be looking to ride the boom in broking industry seen this financial year
 "Angel Broking to launch Rs 600-cr initial public offering next week")
India's market capitalisation nears peak after broader market rally
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
 "India's market capitalisation nears peak after broader market rally")
Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price
This was the best day-one performance for an IPO since IRCTC in October last year, when the shares of the state-owned company gained 127 per cent
 "Happiest Minds' stock doubles in stellar debut, closes 123% above IPO price")
CAMS, Chemcon Specialty Chemicals IPOs to hit market on September 21
The size issue for CAMS IS Rs 2,200 crore, while that for Chemcon is Rs 318 crore.
 "CAMS, Chemcon Specialty Chemicals IPOs to hit market on September 21")
Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs
Wealthy investors to make up if Happiest Minds lists at 50% premium; 30% for Route Mobile
 "Happiest Minds IPO: Oversubscription pushes up break-even cost for HNIs")
Covid-19 hits IPO filings, only 11 offer documents filed with Sebi this yr
Market players said the lockdown and social distancing norms had made it difficult for companies, investment bankers and legal firms to do the paper work for IPO filings
Promoter pledging hits three-year high in August at 1.86% of market cap
Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July
 "Promoter pledging hits three-year high in August at 1.86% of market cap")
Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs
Hopes of bumper listing, success of last offering seen driving subscriptions of Happiest Minds & Route Mobile
 "Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs")
More pain in store? Reality check for stock markets after a dream run
On Friday, equities posted their biggest weekly drop since May, with the benchmark Sensex and Nifty dropping nearly 3 per cent amid a sharp sell-off in technology stocks in the US
 "More pain in store? Reality check for stock markets after a dream run")
Street signs: Route Mobile IPO, brokers eye tech improvement, and more
Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director
 "Street signs: Route Mobile IPO, brokers eye tech improvement, and more")
Wall Street selling spills over to India; Sensex, Nifty shed over 1.5%
Sensex, Nifty shed over 1.5% in intra-day trade
 "Wall Street selling spills over to India; Sensex, Nifty shed over 1.5%")
BNP Paribas lists 8 large domestic stocks with potential to beat Sensex
BNP said these companies are benefitting either through cost savings by the adoption of work from home (WFH) or by higher revenue growth
 "BNP Paribas lists 8 large domestic stocks with potential to beat Sensex")
Once nearly half, China's market capitalisation is now 5x India's
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
 "Once nearly half, China's market capitalisation is now 5x India's")
Rally comes to a screeching halt; Sensex dives 2%, Nifty ends below 11,400
The Sensex closed at 38,628.3, a drop of 839 points or 2.13 per cent -the most since May 18
 "Rally comes to a screeching halt; Sensex dives 2%, Nifty ends below 11,400")
Centre launches FY21 disinvestment drive with HAL, OFS oversubscribed
Experts said the government has timed the HAL share sale well. The stock has more than doubled from its March lows amid strong buying momentum in defence stocks.
 "Centre launches FY21 disinvestment drive with HAL, OFS oversubscribed")
September may see end of one-month IPO drought with five hitting the market
Despite supportive markets, August saw no new offerings
 "September may see end of one-month IPO drought with five hitting the market")
Street signs: Nifty at crucial juncture, YES Bank shares gain, and more
Technical analysts say the positive momentum in the market could sustain as long as the index stays above 11,100 levels
 "Street signs: Nifty at crucial juncture, YES Bank shares gain, and more")
Majesco shares rise over 20% after Thoma Bravo offers better deal to US arm
The revised price is $16 per share, up from the earlier offer of $13.1 per share, valuing the company at $729 million
 "Majesco shares rise over 20% after Thoma Bravo offers better deal to US arm")
Foreign portfolio flows in 2020 turn positive after Covid-19 jitters
While net FPI slows for the initial two months were positive, FPI selling was seen accelerating in the subsequent two months
 "Foreign portfolio flows in 2020 turn positive after Covid-19 jitters")
Proxy firms play by new rulebook as Sebi tightens procedural guidelines
The new framework is aimed at increasing accountability, addressing conflict of interest, and establishing greater communication between proxy advisors and their clients and the company
 "Proxy firms play by new rulebook as Sebi tightens procedural guidelines")