The omnichannel children’s apparel company Brainbees Solutions Ltd., which operates under the FirstCry brand, on Monday, said it has raised over ₹1885.8 crore ahead of company’s proposed IPO. According to the exchange filing, the company has allocated 4,05,55,428 equity shares to 71 anchor investors at the upper price band of […]
SaaS platform Unicommerce eSolutions Ltd, on Monday, raised over ₹124.45 crore from anchor investors a day before its initial public offerings (IPO) will open for subscription. The Unicommerce eSolutions IPO is a mainboard offering, and the bidding for this public issue will be open until August 8. According to the […]
Adani Energy Solutions Limited (AESL) said on Monday that the company has raised ₹8,373 crore (USD 1 billion) through its Qualified Institutional Placement (QIP), the largest QIP ever in India’s power sector. According to a press release, this QIP, AESL’s first equity raise since its demerger and listing from Adani […]
There is mayhem in the markets globally. Key indices in the US—the Nasdaq, the S&P 500, and the Dow Jones—and major European markets, including the UK’s FTSE, France’s CAC 40, and Germany’s DAX—suffered massive losses on August 5 on mounting fears that the US was staring at a recession and […]
Crude oil prices fell on Monday, August 5, after the US stock market indices crashed due to rising fears of an economic recession. The oil price declines were limited to an extent as crude oil supply remains in question from the Libyan supply losses and increasing conflict in the Middle […]
To protect investors from market volatility, the Securities and Exchange Board of India has proposed reducing the time needed for bonus shares issued by a company to be made available for trading. In the consultation paper released on Monday, the market regulator has prescribed timelines for crediting and trading in […]
Gold prices dropped over 2% during a volatile session on Monday as investors sold off positions alongside a broader decline in equities. By 1139 GMT, spot gold had fallen 2% to $2,393.66 per ounce, while U.S. gold futures decreased by 1.4% to $2,434.10. Source link
US equity markets crashed as fear looms over economic recession. The Dow Jones Industrial Average fell 1.71 per cent or 681.07 points to 39,056.19. The S&P 500 fell 3.66 per cent or 195.42 points at 5,151.14, while the Nasdaq Composite crashed 6.34 per cent or 1,063.63 points to 15,712.53. Gold […]
SoftBank-backed Brainbees Solutions Pvt. Ltd, the parent company of baby products retailer FirstCry, is set to launch its initial public offering (IPO) on Tuesday, closing on Thursday, at a price band of ₹440- ₹465. The IPO will include both fresh issues and an offer for sale (OFS), with the company […]
Amid fresh concerns of a looming recession in the US triggered by weaker-than-expected July payroll data, expectations have soared that the US Fed could potentially propose a significant rate cut in its next policy meeting in September. July payroll data last Friday showed the US unemployment rate jumped to near […]