Business Standard

Uniparts India’s IPO receives 25.32 buy-ins on the last day of the offering

The initial public offering (IPO) of engineering systems and solutions provider Uniparts India was subscribed 25.32 times on the last day of subscription Friday. The IPO received bids to buy 25,66,29,175 shares for the 1,01,37,360 shares offered, according to NSE data. The category designated for Qualified Institutional Buyers (QIBs) was subscribed 67.14 times, while […]

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Business Standard

IIFL International Investment Fund launched India’s first negative tax savings fund

IIFL has launched India’s first passive tax savings fund, nearly six months after the Securities and Exchange Board of India (SEBI) introduced the passive alternative in the Equity Linked Savings Scheme (ELSS) space. The program, IIFL ELSS Nifty 50 Tax Saver Index Fund, opened for subscription on December 1 and closes on December 21, […]

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Business Standard

Global investors are bullish on the Indian stock market despite the 86% premium: USB

Swiss brokerage UBS Securities said global investors are bullish on the Indian stock market despite the 86 percent premium it commands over its emerging market peers and on the back of an outperformance of 17 percent so far this year. According to UBS Securities, “India is one of only three markets that trades at […]

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Business Standard

Cryptocurrency lender BlockFi bankruptcy in wake of FTX crash

BlockFi has filed for bankruptcy, the latest crypto company to go under in the wake of the rapid collapse of cryptocurrency exchange FTX. BlockFi said in a statement on Monday that it will use the Chapter 11 process to “focus on recovering all liabilities owed to BlockFi by counterparties, including FTX and its related […]

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Business Standard

Fusion Micro Fin made a dull appearance, and Inox Green IPO overwritten 1.55 times and more

Fusion Micro Finance debut boring Fusion Micro Finance made its debut on November 15, despite market confidence. The stock opened at a discount of 2.3 per cent against the issue price of 368. It started trading at Rs 360.50 on the Bahrain Bourse and Rs 359.50 on the New York Stock Exchange. The […]

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Business Standard

LIC has an advantage over insurance companies: it gains market share in fiscal year 23

India’s Life Insurance Corporation (LIC) has gained nearly 4.5 percentage points of market share in the current fiscal year (2022-23, or FY23) in new business premiums (NBP) from private firms, mainly due to strong growth In her collective clip. According to the latest data from the insurance regulator – the Insurance Regulatory and Development […]

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Business Standard

FPIs invest Rs19,000 crore in stocks in November on lower US inflation and dollar

Foreign investors have injected nearly Rs19,000 crore into Indian stocks so far this month, mainly due to the mild trend in US inflation and the weakening dollar. This followed a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with warehouses showed. Prior to these outflows, […]

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Business Standard

The collapsed FTX was hit by rogue transactions, and analysts saw more than $600 million in outflows.

By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – Cryptocurrency exchange FTX plunged into more chaos on Saturday when the company said it had discovered unauthorized transactions and analysts cited multimillion-dollar assets being moved from the platform in “suspicious circumstances.” FTX filed for bankruptcy on Friday, one of the biggest crypto […]

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Business Standard

Sam Bankman-Fried: The ‘Crypto Genius’ Who Lost $14.5 Billion in One Day

Sam Bankman-Fried, or SBF as he is known as the genius of the cryptocurrency world, has been in the news lately but for uncomfortable reasons. On Friday, SBF resigned from FTX, while the US crypto exchange will begin bankruptcy proceedings. The announcements, made on the company’s Twitter account, sparked what could be one of the […]

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