Page 21 - Market News

S&P 500, Nasdaq reach record highs after weak US jobs data; Broadcom surges

The Dow Jones Industrial Average rose 35.2 points, or 0.08%, at the open to 45,656.49

Sebi initiates investigation into Jane Street amid continued complaints

SEBI on July 4 temporarily barred the firm from local markets on allegations of market manipulation, which the company has denied

Early GST euphoria gives way to mkt fatigue amid tariff, earnings worries

The BSE Sensex, after rising as much as 889 points (1.1 per cent) during the day, closed at 80,718 - up 150 points, or 0.2 per cent

Street Signs: Outpaced on the global racetrack, 'Growwing' against the tide

YTD, the benchmark Nifty 50 is up less than 3 per cent, falling well behind the broader EM index. This underperformance reflects, in part, foreign investors trimming exposure to Indian equities

Barring a few macro risks, oil marketing firms seem to be in a sweet spot

China today has the largest refining capacity globally, with its refining capacity to reach 21 million barrels per day (mb/d) in 2025

Vikran Engineering IPO sees 23.59 times subscription on last day

The initial public offer of infrastructure company Vikran Engineering Ltd received 23.59 times subscription on the last day of share sale on Friday. The Rs 772-crore IPO got bids for 1,38,59,17,880 shares against 5,87,39,128 shares on offer, as per NSE data. The portion meant for non-institutional investors garnered 58.58 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 19.45 times. Retail Individual Investors (RIIs) portion fetched 10.97 times subscription. Vikran Engineering on Monday mobilised Rs 231.6 crore from anchor investors. The price band has been fixed at Rs 92-97 per share. The initial public offer (IPO) is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and the rest for general corporate purposes. Vikran Engineeri

BoM plans ₹2,000 crore equity issue; govt stake to fall below 75%

Bank of Maharashtra will raise Rs 2,000 crore via equity issue by FY26 to meet SEBI's 75% public shareholding rule, reducing government stake from nearly 80%

IndiGo, Max Healthcare Institute set for $1 billion passive bonanza

Meanwhile, they will offload shares worth around ₹2,500 crore and ₹2,000 crore from two-wheeler major Hero MotoCorp and IndusInd Bank on account of their removal from the 50-stock index

Markets regulator Sebi proposes changes to block deal framework

The regulator proposed to keep two windows for such deals, the morning session 8:45 am IST to 9:00 am IST, and the afternoon session 2:05 pm IST to 2:20 pm IST

Sebi appoints three executive directors to key leadership roles

Market regulator Sebi has announced that three executive directors -- Amit Pradhan, Avneesh Pandey and Sanjay Chandrakant Purao -- took charge on Friday. Before their promotions as executive directors, Pradhan, Pandey and Purao were holding the positions of chief general managers at Sebi. In his new role, Pradhan will handle legal affairs and the prosecution & settlement department, while Pandey will manage the information technology department. Purao will take care of the corporation finance investigation department, recovery and refund, along with the internal investigation department, the regulator said in three separate statements. In his prior role, Pradhan was Chief General Manager and Regional Director at Sebi, heading the Northern Regional Office in New Delhi. He has about 28 years of experience in legal and regulatory affairs, enforcement, policy development at Sebi, Insolvency and Bankruptcy Board of India (IBBI) and Competition Commission of India (CCI). He has also ...

Avendus Spark under scrutiny after error in Clean Science share sale

Clean Science shares fell as much as 9.3 per cent but pared their losses to close 2.7 per cent lower in Mumbai

Gem Aromatics' ₹451 cr IPO subscribed 30.27 times at ₹309-325 price band

The initial public offer of speciality ingredients manufacturer Gem Aromatics Ltd got subscribed 30.27 times on the last day of share sale on Thursday. The IPO received bids for 29,61,15,202 shares against 97,82,363 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) part got subscribed 55.28 times, while the category for non-institutional investors received 45.06 times subscription. The quota for Retail Individual Investors (RIIs) fetched 10.31 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The price band has been fixed at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ingredients, including essential oils, aroma chemicals, a

Gem Aromatics IPO subscribed 2.9 times on second day of bidding

Speciality ingredients manufacturer Gem Aromatics's Rs 451-crore initial public offer garnered 2.90 times subscription on the second day of bidding on Wednesday. The three-day IPO received bids for 2,83,51,410 shares against 97,82,363 shares on offer, as per NSE data. Non-institutional investors category got subscribed 3.95 times, while the quota for Retail Individual Investors (RIIs) received 3.19 times subscription. Qualified Institutional Buyers (QIBs) part fetched 1.54 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on Thursday. The price band has been set at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ...

Zydus Lifesciences' Q1 dose lifts vitals, but outlook stays fragile

April-June Qtr beat offsets some caution, yet US headwinds cap upside

BlueStone Jewellery IPO subscribed 39% on first day of public issue

The three-day IPO received bids for 63,89,570 shares against 1,65,14,421 shares on offer, according to data available with the NSE

Regaal Resources mobilises ₹92 cr from anchor investors ahead of IPO

Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, on Monday mobilised around Rs 92 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription. The institutional investors who participated in the anchor round included Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund, according to a circular uploaded on BSE's website. As per the circular, the company has allotted over 89.99 lakh equity shares to these investors at Rs 102 apiece, aggregating the fund raising to Rs 91.79 crore. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its IPO on August 12, which will close on August 14.The price band has been fixed at Rs 96-102 per share. The IPO comprises a fresh issue of shares worth Rs 210 crore and an ...

India faces capital cold snap in largest fund retreat since January

EMs synchronised in capital flight as tariff storm clouds darken

MapmyIndia picks strategic stake in Zepto at $5.8 bn pre-money value

Home-grown digital navigation firm MapmyInida has bought strategic stakes in quick commerce firm Zepto at a pre-money valuation of USD 5.8 billion, a top official of the map services company said. Pre-money valuation refers to an estimated valuation of an enterprise before receiving funds from investors. According to a regulatory filing by CE Info Systems, owner of MapmyIndia, the company intends to invest approximately Rs 25 crore for subscribing to 75,18,797 compulsorily convertible preference shares (CCPS) on fully diluted basis having face value of Rs 5 each at issue price of Rs 33.25 per CCPS. "We acquired shares in a secondary sale from a foreign investor of Zepto at a pre-money valuation of USD 5.8 billion. It is a strategic stake, and as per the agreement, Zepto will use our maps for navigation," MapmyIndia Chairman and Managing Director Rakesh Verma told PTI. With this investment, MapmyIndia will hold 0.0490 per cent stake in Zepto's share capital. According to the filing

Sebi proposes separate unit of RTAs for service to unlisted companies

Sebi suggests hiving off RTA activities for unlisted companies, placing them under MCA's oversight; also proposes new net worth norms and internal control mechanisms

JSW Cement raises ₹1,080 crore from anchor investors ahead of IPO

JSW Cement, part of the diversified JSW Group, on Wednesday mobilised Rs 1,080 crore from anchor investors, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors including Nomura, Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte and Kuwait Investment Authority, according to a circular uploaded on BSE's website. Also, SBI Mutual Fund (MF), Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF and SBI Life Insurance Company are among investors. As per the circular, JSW Cement has allotted 7,34,69,386 equity shares to 52 funds at Rs 147 apiece. This aggregates the transaction size to Rs 1,080 crore. The company has set a price band of Rs 139-147 per share, valuing the 17-year-old company at Rs 20,000 crore at the upper end of the price band. The IPO, which includes a fresh issue of Rs 1,600 c