Aggressive buying indicates strong flows into equity funds in December
Posts in category Business Standard
TAC Security plans to go public this year, aims Rs 100 cr turnover by 2026 (01-01-2024)
Global cyber security firm TAC Security on Monday announced its plan to go public this year and raise funds from the capital market to expand its operation with an aim to increase its turnover to Rs 100 crore by 2026.
SaaS (Software as a service) firm TAC Security, founded by entrepreneur Trishneet Arora in 2013, is one of the leading players in cybersecurity.
TAC Security, a pioneer in risk and vulnerability management worldwide, is eyeing a revenue of Rs 100 crore by 2026, a company statement said.
However, the company did not disclose its current turnover.
According to the statement, the company is aggressively exploring capital-raising options, including an initial public offering (IPO) in early 2024.
Beeline Capital Advisors Private Ltd has been appointed the exclusive book-running lead manager for the proposed IPO.
TAC Security CEO Arora said, “We are now embarking on our next growth stage, aiming for a nearly ten-fold increase in revenues by FY26 through organic growth and
Nifty ends with small gains on first day of 2024 amid profit booking (01-01-2024)
The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94
Foreign investments into Indian bonds reached six-year high in 2023 (01-01-2024)
The U.S. 10-year bond yield has fallen to around 3.85% on rate cut hopes, widening the spread with its Indian peer to 335 basis points from around 240 bps in late October
Vodafone Idea hits over 4-year high; zooms 39% in 2 days on heavy volumes (01-01-2024)
The stock zoomed 15% to Rs 18.42 on the BSE in Monday’s intra-day trade and surpassed its previous high of Rs 18.30 touched on April 1, 2019.
FAQs: What will the market do in 2024? What will result in a correction? (01-01-2024)
The returns in 2024 will depend on the tussle between fundamentals and
sentiment. In an entirely ‘fundamental’ market, returns will likely be modest for the market and negative for many stocks.
RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr (01-01-2024)
In past two months, the stock has zoomed 68 per cent, while, in past six months it skyrocketed by 182 per cent.
RailTel Corporation soars 27% in 6 days on winning orders worth Rs 263 cr (01-01-2024)
In past two months, the stock has zoomed 68 per cent, while, in past six months it skyrocketed by 182 per cent.
BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India (01-01-2024)
The stock was seen trading at its highest level since October 2015, backed by strong volumes on the BSE and NSE.
BHEL surges 6% on buzz of winning Rs 19,422 cr order from NLC India (01-01-2024)
The stock was seen trading at its highest level since October 2015, backed by strong volumes on the BSE and NSE.