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 […]
Market
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 Connected persons are deemed to have access to unpublished price-sensitive information (UPSI).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, […]
Nifty 50, the key index of the Indian stock market, almost touched the 25,000 mark during the session on Monday, July 29. The index, however, failed to hold altitude and ended flat at 24,836.10 on profit booking. Shares of HDFC Bank, Bharti Airtel, ITC, Titan and Kotak Mahindra Bank ended […]
Stock Market today: Cipla share price that has gained more than 24% year to date is trading near 52 week highs it scaled on Friday. Cipla had reported strong Q1 performance with net profit rising 17% YoY largely helped by improved operating performance as reported Ebitda grew 14% though revenue […]