Finance ministry issued show cause notices to nine offshore virtual digital assets (VDA) service providers dealing with crypto assets
Fundraising through the issuance of shares to institutional investors skyrocketed, as companies raked in Rs 50,218 crore in 2023, marking a six-fold surge from the previous year and indicating a positive outlook among investors. Apart from QIPs, fund mobilisation through rights issue of shares and OFS (Offer-for-Sale) route too surged in 2023, as compared to last year. Market experts attributed the primary reason for the increase in Qualified Institutional Placement (QIP) fundraising to the market and investor sentiments that play an important role in their success. As long as positive market vibes persist, and investors continue to reap returns, listed companies lean towards opting for fundraising through QIP as this avenue ensures swift access to funds, they added. According to data by the National Stock Exchange (NSE), companies collected Rs 50,218 crore through QIPs in 2023, which was way higher than Rs 8,196 crore raised in the preceding year. Bajaj Finance Ltd spearheaded th
The round saw participation from ultra-high-net-worth individuals (HNIs), Family Offices, and institutional investors such as Varanium Capital Advisors and Sattva Group
At a time when Tamil Nadu is preparing to attract fresh investments with a global investors meet next month, the summit, held in Chennai, showcased the state's growth story and plans for the future
Investors on Monday were mostly chasing stocks which offer some value vis-a-vis their peers
The market regulator said that accreditation agencies will be able to grant certification solely based on the Know-Your-Customer (KYC) and financial information of the applicants
The demand for TMT rebars in India will continue to grow over the next three to four months, a senior industry executive has said. There is a good demand seen from the construction, housing, and infrastructure segments, where new projects are coming up all over the country, Ashish Anupam, Vice President - Long Products at Tata Steel Ltd, said. Besides, there is consistency in government policies. So, sentiments are also high among the investors, he added. "I am very bullish for three reasons. Firstly, the festive season is over, workers are back to work. The monsoon is also over. This is the best time for construction because there is no heat and all as well. Next three to four months, I am more bullish from the demand side. Prices, I can't say as it depends on raw materials," he told PTI. According to market research firm BigMint (formerly SteelMint), the TMT prices through blast furnaces have fallen from Rs 56,700 a tonne in September to Rs 55,900/tonne in November. The TMT rebar
Dry powder refers to the cash reserves maintained by corporations, private equity funds, and individual investors for strategic investments or during an economic downturn
Investors who pooled money were issued senior securities, earning them interest
The sleep and sitting solutions firm has plans to open a total of 100 stores in the next six months, reinforcing its Pan-India presence across Tier I and Tier II markets
Power-to-port conglomerate's mcap nears Rs 12 trillion
IAN Alpha Fund has a corpus of Rs 1,000 crore and is registered with Sebi under AIF Category II
Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio and synthetic data
Such behaviour leads to chasing funds that are past peak performance
Global stocks have surged since the end of October as data has shown U.S. inflation is cooling faster than expected
Some believe the secondary market performance could be subdued in the immediate term as the five IPOs are expected to block liquidity until mid next week
In a message to OpenAI employees on Tuesday, Peter Deng, a vice president of product, said that "we decided that the best way to channel our energy" is developing products
OpenAI said OpenAI said it's in "intense discussions" to unify the company after another tumultuous day that saw most employees threaten to quit if Sam Altman doesn't return as chief executive officer
Madhabi Puri Buch says 'odds against winning' in short-term