Quick commerce firm Zepto has moved closer to its public listing plans after filing an updated draft red herring prospectus (DRHP), outlining its intention to raise Rs 8,010 crore through a fresh issue of shares. The offering will also include an offer for sale of up to 11.34 crore equity shares by existing investors. The…
The stock market witnessed notable movements today as several stocks stood out with significant gains and losses. Among the top gainers, Bajaj Finance Ltd, Shriram Finance Ltd and Maruti Suzuki India Ltd surged sharply, driven by positive sectoral trends, or favorable market sentiment. These stocks outperformed broader indices, attracting investor interest and heavy trading volumes.On…
OpenAI joins the US IPO race after Anthropic; files confidential papers – Will it be targeting $1 tn valuation? (Image source: Shutterstock/ET NOW) OpenAI files for US IPO: The race among AI majors to debut in the United States market is heating up. ChatGPT maker OpenAI is the latest to join the IPO league after…
In the previous trading session, Max Healthcare Institute Ltd surged to a closing price of 1007.45, up 3.09%. Power Grid Corporation of India Ltd advanced 1.63% to close at 290.3, while Tech Mahindra Ltd increased 1.34% to 1503.4. Bharat Electronics Ltd and Nestle India Ltd also gained, closing at 412.95 and 1398.9, respectively. Conversely, Wipro…
India’s telecom sector is back in focus after the Bombay High Court struck down the government’s contentious one-time spectrum charge (OTSC), removing a long-standing regulatory overhang and improving the outlook for operators. Brokerage firm Elara Capital has initiated coverage on Bharti Airtel, Bharti Hexacom and Indus Towers, citing a multi-year recovery cycle driven by rising…
Top stocks to BUY Today, June 9: Brokerage recommendations have placed several stocks in focus for today’s trading session, with analysts largely reiterating bullish views across aviation, telecom, infrastructure and healthcare sectors. InterGlobe Aviation (IndiGo) emerged as a key favourite, attracting multiple buy ratings and target price upgrades from major brokerages including Morgan Stanley, Goldman…
Oil prices traded marginally higher on Tuesday, June 9, as investors remained cautious over the durability of the ceasefire between Iran and Israel, even after both sides signalled a pause in direct hostilities following intervention from US President Donald Trump. Brent crude futures rose 0.14% to $94.38 a barrel, while US West Texas Intermediate (WTI)…
Shares of telecom service providers Bharti Airtel Ltd. and Vodafone Idea Ltd. will be in focus on Tuesday, June 9, after the Bombay High Court announced a major decision on the One Time Spectrum Charge imposed on these companies. What Is The 2012 Government Spectrum Decision? The Bombay High Court has quashed the government’s decision…
Shares of state-run miner and power producer NLC India Ltd. will be in focus on Tuesday, June 9, after the government announced an offer for sale (OFS) to divest up to 3% of its stake in the company on Monday. The OFS also comes on the back of the government having sold stake in Coal…
Dividend Stock: India’s largest online B2B marketplace, IndiaMART InterMESH, will trade ex-dividend next week for a substantial payout scheduled next week. The BSE 500 company has announced a dividend payout of Rs 60 per share, comprising a final dividend and a special dividend. Read Full Article IndiaMART Final and Special Dividend In an exchange filing…
