Fintech major Razorpay has taken a major step towards its public market debut after filing a confidential draft prospectus with the Securities and Exchange Board of India (SEBI) and stock exchanges, setting the stage for a potential initial public offering (IPO). The Bengaluru-headquartered company disclosed through a public notice that it had submitted a pre-filed…
The 2026 World Cup could add $17 billion to the U.S. economy, largely driven by digital advertising, travel and consumer spending. You don’t have to be a sports fan to understand the investing opportunities arising from the World Cup. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s…
Shares of InterGlobe Aviation Ltd., the parent company of IndiGo Airlines, gained for the second consecutive session on Monday, June 15, rising nearly 5%. The stock has surged 9.8% over the two sessions. However, the airline stock is still 20.7% away from its 52-week high of ₹6,232.5 apiece. Why Is Jefferies Positive On IndiGo? Brokerage…
Shares of HDB Financial Services Ltd. surged over 10% on Monday, June 15, reporting their biggest single-day gain from its listing in July last year. The stock gained 10.2% on Monday to hit an intraday high of ₹706.65 apiece. It has been trading with gains for three consecutive sessions and for four of the last…
India may be nearing an inflexion point for foreign investor sentiment, with lower oil prices, a stabilising rupee and improving fundamentals strengthening the case for equities, according to market veterans. Among them, Sunil Singhania, Founder of Abakkus Asset Manager, offered the strongest view on foreign flows. “I would stick my neck out and say that…
Prashant Jain, Founder and CIO of 3P Investment Managers, expects foreign portfolio investor (FPI) selling to slow significantly and domestic investor flows to strengthen as concerns around oil prices and the currency ease. Lower oil prices, supportive measures from the Reserve Bank of India (RBI) and current market valuations have improved the outlook for both…
SpaceX shares climbed in premarket trading on Monday, extending gains from their blockbuster Nasdaq debut and reinforcing investor enthusiasm for both the company and the broader artificial intelligence theme that continues to dominate global markets. The stock rose as much as 7.7% before the opening bell, indicating an opening price of around $173 per share….
Fertiliser and chemical companies could see input cost pressures ease from the second quarter as supply chain disruptions linked to West Asia begin to recede, according to Ranjit Cirumalla, Senior Vice President – Research, Agri Chemicals and Midcaps at IIFL. Cirumalla expects lower energy, feedstock and logistics costs to support the sector, while reducing concerns…
The National Stock Exchange is set to file its draft red herring prospectus (DRHP) by Thursday, according to sources. Sources tell CNBC-TV18 the DRHP is set to be finalised by this evening. ”After this, the board of the exchange would meet and ratify the filing of the DRHP,” the sources added. The valuation of the…
Foreign institutional investors (FIIs) turned net buyers of Indian equities on Monday for the first time in 11 trading sessions, joining domestic institutions in supporting a strong market rally triggered by easing geopolitical tensions and a sharp decline in crude oil prices. According to provisional exchange data, FIIs purchased equities worth ₹15,650.20 crore and sold…
