DreamFolks Rs 562-crore IPO will open for subscription on Wednesday, and close on 26 August. The company has announced the price band at Rs 308-326 per equity share of face value of Rs 2 each. The issue is entirely an offer-for-sale (OFS), offering up to 1.7 crore equity shares by the existing promoters and the …
Glenn Maxwell waltzed his way to the fastest World Cup century after David Warner hit his second successive hundred as Australia crushed the Netherlands by 309 runs — the biggest in tournament history — to continue their winning run here on Wednesday. The winning run margin was also the second biggest in ODI cricket after …
The government has zeroed in on five merchant bankers, including ICICI Securities, Axis Capital and Citi Group, to manage the Centre’s 29.53% residual stake sale in Hindustan Zinc (HZL) in the open market tranches, sources told FE. The other bankers, which have been selected by the Department of Investment and Public Asset Management (Dipam), are …
The combined market valuation of six of the 10 most valued companies surged by Rs 1,56,247.35 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, …
The Department of Personnel and Training (DoPT) has modified instructions for booking air tickets on the Government account in respect of Leave Travel Concession (LTC). In an Office Memorandum dated October 20, DoPT said it has been receiving a number of representations seeking clarifications on issues relating to the settlement of claims, particularly of those …
Reliance Jio Infocomm Limited announced a partnership with network services and consumer experience company Plume to provide market-leading smart home and small business services to its subscribers across India. “This partnership will deliver state-of-the-art services, through Plume’s highly scalable cloud platform, to approximately 200 million premises in India,” it said in a statement. Jio provides …
Delhivery share price tanked over 9 per cent on Wednesday after the company reported a net loss of Rs 399 crore for the quarter ended June 2022 as against a net loss of Rs 129.6 crore a year back. At the same time, the company’s revenues grew 32.5 per cent on-year to Rs 1,745.7 crore. …
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 77th day by OMCs on August 10. The msot recent price reduction came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a …
By Manish Jain As an investor, the most challenging aspect of investing in equity markets is getting the timing right. Retail investors with limited resources often struggle to time their buys and sells correctly. What makes matters worse is that there are so many forces at play – business cycles, economic cycles, liquidity and news …
A clutch of institutional investors, including Singapore’s sovereign wealth fund GIC, acquired a 13.6% stake held by US private equity major Blackstone in Sona BLW Precision Forgings for about Rs 4,044 crore. The buyers acquired the stake through a block deal on Thursday for Rs 509 a share, which was at a 5% discount to …