If the grey market premium is any indication, Swiggy’s shares could list close to its issue price of Rs 390 per share, valuing the company at Rs 87,300 crore
Posts in category Business Standard
Sebi extends deadline till Nov 26 for comments on proposed SDP recognition (12-11-2024)
Markets regulator Sebi on Tuesday extended the deadline for public comments till November 26 on the proposal concerning requirements for recognition as specified digital platforms (SDPs).
Earlier, the comments from the public were sought till November 12.
“Based on the representations received by Sebi from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till November 26, 2024,” the regulator said in a statement.
In its consultation paper, Sebi proposed requirements for recognition as specified digital platforms whereby such platforms should proactively prevent fraud, impersonation, unauthorised claims, and unregistered entities from operating.
The regulator suggested that specified digital platforms use artificial intelligence or machine learning (AI/ML) tools to identify content or ads related to securities, ensuring the entity is Sebi-registered or permitted, no unauthorised advice, …
Equity is the most preferred asset class by HNIs and UHNIs: Report (12-11-2024)
Interestingly, HNIs and UHNIs over the age of 60 were found to be less worried than the younger generation that is yet to reach 40 years of age
Dollar roars with bitcoin as Trump trades shine; euro, yuan slump (12-11-2024)
The euro languished at a seven-month trough and the yuan slumped to its lowest in more than three months, with Europe and China both targets of potential Trump tariffs
Windsor Machines hits the roof after inking pact to acquire Global CNC (12-11-2024)
Windsor Machines hit an upper circuit of 10% at Rs 253.45 after the company has entered into a share purchase agreement (SPA) to acquire 100% stake in Global CNC for total consideration of Rs 343.11 crore.
Zydus Life Q2 PAT rises 14% YoY to Rs 911 cr (12-11-2024)
The pharma company’s consolidated net profit jumped 13.80% to Rs 911.2 crore in Q2 FY25 as compared to Rs 800.7 crore posted in Q2 FY24.
Gokul Agro Resources consolidated net profit rises 111.54% in the September 2024 quarter (12-11-2024)
Sales rise 16.84% to Rs 4812.49 crore
Likhitha Infrastructure consolidated net profit rises 11.62% in the September 2024 quarter (12-11-2024)
Sales rise 22.72% to Rs 133.27 crore
CESC consolidated net profit rises 1.44% in the September 2024 quarter (12-11-2024)
Sales rise 8.00% to Rs 4700.00 crore
Lyka Labs reports consolidated net profit of Rs 2.10 crore in the September 2024 quarter (12-11-2024)
Sales rise 47.05% to Rs 41.16 crore