As investors await further details for this buzzing IPO, here are some of the key details related to Swiggy, as outlined in the DRHP papers
Sun Pharma gains 3%; hits new high on UBS ‘Buy’ rating, sees more upside (27-09-2024)
UBS has a target price of Rs 2,450 on Sun Pharma and expects it to record the highest growth in the near-term and the medium-term via a ramp-up of the specialty drug pipelline.
Trai’s whitelisting deadline may be pushed by 30 days (27-09-2024)
The Telecom Regulatory Authority of India (Trai) may extend the deadline to whitelist URLs (Uniform Resource Locators), APKs (Android Package Kit), or OTT (Over The Top) links – through which it intends to curb their misuse -is likely to be extended by 30 days as only over 3,000 registered senders (businesses) have complied, officials indicated. According to Trai officials, over 3,000 registered senders have whitelisted more than 70,000 links, but many more (thousands of others) are yet to comply with the directive as the mandatory norms are set to come into effect from October 1.
Morgan Stanley double upgrades Tata Power, Torrent Power; check out details (27-09-2024)
Morgan Stanley has revised its stance on 6 utility stocks from Tata Power, Torrent Power to Suzlon Energy
Kamdhenu Ventures Ltd leads losers in ‘B’ group (27-09-2024)
Mukta Arts Ltd, Asian Hotels (East) Ltd, Pokarna Ltd and Global Surfaces Ltd are among the other losers in the BSE’s ‘B’ group today, 27 September 2024.
Zee Media shares surge 10% as board approves Rs 200 crore fundraising via issue of warrants (27-09-2024)
The warrants will be fully convertible for one fully paid-up equity share of the company, a filing to the exchanges stated. As per the filing, 25% of the issue price is payable upon subscription and allotment of the warrants, while the remaining 75% must be paid upon exercising the options against each warrant within 18 months, in one or more tranches, from the date of allotment.
Nifty near 26,200 level; realty shares witness profit booking (27-09-2024)
At 14:30 IST, the barometer index, the S&P BSE Sensex slipped 187.38 points or 0.22% to 85,652.85. The Nifty 50 index lost 11 points or 0.04% to 26,205.05.
BJP leader files land grabbing charges against company allegedly owned by Congress’ Mallikarjun Kharge (27-09-2024)
Ramesh NR of BJP has filed a complaint with Karnataka Lokayukta against Congress president Mallikarjun Kharge and others, alleging land grab by the Siddhartha Vihar Trust owned by Kharge’s family. The trust reportedly received free land from the Congress government, raising questions about nepotism and criminal breach of trust.