Swiggy brought the IPO at a lower valuation of $11.3 billion as against its earlier target of around $15 billion. The company plans to raise around Rs 11300 crore through the issue.
Posts in category Economic Times
Wall Street is counting on stocks to rally after election hurdle (06-11-2024)
While US equities are coming off their first monthly loss since April, the drop of less than 3% was more benign than the historical pattern of 4%-5% selloffs on average in October going into close presidential races, according to Deutsche Bank AG.
As FII selling persists, domestic investors looking for buying opportunities: Sunil Subramaniam (06-11-2024)
But the US uncertainty-related selling because money is going back into the US and the Japan, that is not India-centric. So, domestic fund managers are sensing an opportunity and from now on even there is further FII selling, domestic fund managers will step in
Trump card for D-St: The good, bad & ugly for Indian stock market (06-11-2024)
The US presidential election’s outcome will significantly impact Indian stock markets. While a Trump win could boost exports and industry, it also risks inflation and trade tensions. Conversely, a Harris victory is predicted to have a more neutral effect on the Indian economy.
Acme Solar Holdings IPO opens today. Should you subscribe to this Rs 2900 crore issue? (06-11-2024)
Acme Solar Holdings is opening its initial public offering (IPO) for subscription today, aiming to raise Rs 2,900 crore. The price band for the IPO is set at Rs 275-289 per share. Analysts are optimistic about the company’s growth prospects, citing its strong project pipeline and focus on renewable energy. The IPO will close on November 8.
Oil prices fall on stronger dollar as polls start closing in US election (06-11-2024)
Oil prices dipped on Wednesday as the U.S. presidential election between Donald Trump and Kamala Harris remained tight. The close race caused uncertainty in the market, leading investors to react to early results. While a Trump victory could lead to stricter sanctions against Iran and potentially increase oil prices, a Harris win is expected to maintain the current market conditions.
Trump Media reports $19 mln loss in third quarter on TV streaming costs (06-11-2024)
Trump Media & Technology Group faced a loss of $19.2 million in the third quarter. The company attributed this to legal fees and costs associated with its TV streaming deal. The company spent $12.1 million on legal fees related to acquiring TV streaming technology and its SPAC deal. Despite the loss, shares of the company rose slightly.
Apollo Hospitals shares in focus today ahead of Q2 results. Here’s what to expect (06-11-2024)
Apollo Hospitals is poised to announce strong second-quarter earnings, with analysts projecting significant revenue and profit growth driven by expansion across all segments. Key areas of interest for investors include the performance of Apollo 24/7 and updates on capacity expansion plans.
Q2 results today: Tata Steel, Apollo Hospitals among 98 companies to announce earnings on Wednesday (06-11-2024)
Get ready for a busy day in the Indian stock market. 63 companies will reveal their July-September earnings today. Keep an eye on major players like Power Grid and Tata Steel. Apollo Hospitals is expected to report strong numbers. Tata Steel might face challenges due to declining realizations. Stay tuned for the detailed financial results and expert analysis.