Dharmag Group’s IPO has been oversubscribed 36 times; A promising start for Uniparts
Raised ₹216 crore by issuing new shares in IPO
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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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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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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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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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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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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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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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Petronet LNG results for the second quarter: net profit down 10%, but sales volume is higher
The volatility in global LNG prices, along with difficulties in obtaining gas, has pushed the profit of Petronet, India’s largest LNG importer, to Rs 744 crore in the second quarter of FY23 from Rs 824 crore in the same period of the year. Past. The company, a joint venture of state-owned oil company Bharat […]
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FiveStar Business Finance’s IPO got a lukewarm response on the first day
The company received bids to purchase 7,21,742 shares for 3,04,88,966 shares offered
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