Akums Drugs and Pharmaceuticals Limited said the company has raised nearly ₹828.78 crore from anchor investors ahead of its initial public offering on Tuesday, July 30, according to the company filing on the Bombay Stock Exchange (BSE). The pharmaceutical manufacturing company allocated 1,22,05,912 or 1.22 crore equity shares at ₹679 […]
July 29 – Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from earlier in the session, when optimism fueled by Republican presidential candidate Donald Trump’s pro-crypto speech lifted stocks. The volatile cryptocurrency […]
Clinitech Laboratory initial public offerings (IPO) opened for subscription on July 25 and will close on July 29. The small and medium enterprise (SME) IPO was subscribed over 38.96 times on July 29. Clinitech Laboratory Limited offers diagnostic and health testing services. The company conducts over 150 different tests at […]
Mumbai: India’s capital markets regulator has floated a consultation paper proposing to include more people in the ambit of its insider trading regulations, including those who may be unofficially connected to company officials in possession of price-sensitive information. Connected persons are deemed to have access to unpublished price-sensitive information (UPSI). […]
US-based private equity firm Carlyle is expected to sell up to a 6.4 per cent stake in PNB Housing Finance via an open market transaction on Tuesday, as per a report by CNBC Awaaz. According to a term sheet from IIFL Securities, Quality Investment Holdings, a Carlyle entity, plans to […]
US stocks edged higher on Monday, ahead of a Federal Reserve interest rate decision and Big Tech earnings. At the opening bell, the Dow Jones Industrial Average rose 76.37 points, or 0.19%, to 40,665.71. The S&P 500 was higher by 17.45 points, or 0.32%, at 5,476.55, while the Nasdaq Composite […]
The Securities and Exchange Board of India (SEBI) is returning draft papers of initial public offerings (IPOs) to merchant bankers citing reasons for the lack of due diligence or disclosures, a strong signal to the investment bankers community, Moneycontrol reported on Monday, July 29, quoting anonymous sources. Garuda Construction, Jaykay […]
Ola Electric CEO Bhavish Aggarwal said in a press conference that the company is almost equivalent to automaker giant Maruti Suzuki, which is currently leading the car making industry in India, in terms of market share in the electric vehicle space. “We have already built that market position of us […]
Mid-cap and small-cap stocks have long been attractive for their high return potential. The Nifty Midcap index has outperformed the benchmark Nifty index for the fourth straight month in July (till date), rising 4.7 percent as against a 3.4 percent gain in Nifty. In 2024 as well, the mid-cap index […]
Akums Drugs and Pharmaceuticals IPO opens for subscription on tomorrow (Tuesday, July 30). This pharmaceutical contract development and manufacturing organisation (CDMO), founded in 2004, provides a wide range of pharmaceutical products and services both domestically in India and internationally. The organisation mainly offers comprehensive solutions for product development and production, […]