IREDA Plans to Raise Funds Through QIP The Indian Renewable Energy Development Agency (IREDA) has received crucial approval from the Department of Investment and Public Asset Management (DIPAM) to proceed with raising funds via a Qualified Institutional Placement (QIP). The agency aims to raise approximately ₹4,500 crore by issuing fresh equity shares. As of September ...
Northern Arc Capital IPO Overview Northern Arc Capital has recently launched its Initial Public Offering (IPO), which has garnered significant interest from investors. With the IPO subscription showing robust demand, the overall response has been nothing short of impressive. By the third day of the subscription period, the IPO has been subscribed a staggering 20.18 ...
US Federal Reserve Implements Significant Rate Cut Introduction: In a surprising move, the US Federal Reserve has announced a substantial interest rate cut of 50 basis points, a decision that marks its first reduction since the onset of the COVID-19 pandemic. This announcement was made on September 18 at 11:30 AM Indian time, signaling a ...
Western Carriers India IPO: A Strong Market Response The Initial Public Offering (IPO) of Western Carriers India Limited, a prominent logistics company, has garnered significant interest from the investment community. As of the fourth day of subscription, this IPO has been oversubscribed 13.89 times, indicating a robust demand for the issued shares. Investors have submitted ...
NTPC Green Energy IPO: A Groundbreaking Move Towards Renewable Energy In a significant development for the renewable energy sector, NTPC Green Energy has officially submitted its application for an Initial Public Offering (IPO) on September 18. The company aims to raise a substantial Rs 10,000 crore (approximately $1.19 billion) by issuing fresh equity shares, with ...
Rhetan TMT Experiences Remarkable Share Surge On September 18, 2024, Rhetan TMT showcased an impressive rise in its share price, climbing over 11%. The company’s shares closed at ₹16.93 on the Bombay Stock Exchange (BSE), marking a daily gain of 5.68%. During trading, the stock peaked at its 52-week high of ₹17.85, reflecting growing investor ...
Ellenbarrie Industrial Gases IPO: A Strategic Move for Growth Ellenbarrie Industrial Gases, one of India’s oldest industrial gas manufacturers, is set to launch an Initial Public Offering (IPO) to raise essential funds aimed at both growth and financial stability. The company has submitted draft papers to the Securities and Exchange Board of India (SEBI) for ...
Sunshine Capital Ltd. Expands into Mutual Fund Distribution Sunshine Capital Limited, a prominent player in the financial services industry, has made headlines with its recent decision to venture into the mutual fund distribution market. On September 18, the company’s board granted approval for this strategic initiative, which aims to leverage new opportunities within the customer-focused ...
Overview of Reliance Power’s Recent Surge Reliance Power Share Price: Reliance Power has experienced a remarkable surge today, with the company shares jumping 5% to hit the upper circuit at ₹32.98. This incredible demand is attributed to the announcement that Reliance Power has fulfilled its obligation as a guarantor for Vidarbha Industries Power (VIPL), clearing ...
Hindalco Industries to Enter Solar Module Manufacturing The Aditya Birla Group’s Hindalco Industries is gearing up to launch its solar module manufacturing operation, with plans for a production facility in Gujarat. This move marks a significant step for Hindalco as it aims to tap into the booming solar energy sector, which is becoming increasingly competitive. ...
Gold Rate Today in India: As the Shraadh Paksha commences today, Wednesday, the gold prices in India have witnessed a slight decline. After surpassing the Rs 75,000 mark yesterday, gold prices have reduced slightly, with a decrease of Rs 200. Additionally, silver has also seen a significant drop, trading at Rs 91,900, down Rs 2,000 ...
Nifty Trade Setup Analysis The Nifty 50 index reached a historic closing high of 25,419 on September 17, marking a modest gain of 35 points. The positive momentum can be attributed to favorable trends in key technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). Market analysts suggest ...
Responsive Industries: A Stock Worth Watching For investors seeking promising opportunities in the stock market, Responsive Industries Limited presents an attractive option. The company has garnered positive attention from various brokerage firms, underscoring its significance in the construction sector as a leading supplier of PVC membranes and synthetic products for numerous government projects in India. ...
Overview of Oswal Pumps IPO Oswal Pumps, a Haryana-based company specializing in solar pumping solutions, is set to enter the public market by raising funds through an Initial Public Offering (IPO). On September 17th, the company filed its draft papers with the Securities and Exchange Board of India (SEBI). This IPO consists of both fresh ...
Northern Arc Capital IPO: High Investor Interest Northern Arc Capital is witnessing impressive investor enthusiasm for its Initial Public Offering (IPO), with subscriptions reaching an astounding 9.99 times by the end of the second day. The IPO has garnered bids for approximately 21.45 crore shares against the 2.14 crore shares available, reflecting robust demand. The ...
Overview of Quality Power Electrical Equipments IPO Quality Power Electrical Equipments is gearing up to raise funds through an Initial Public Offering (IPO). The company has submitted draft papers to the Securities and Exchange Board of India (SEBI) on September 16, aiming to generate significant capital for its growth initiatives. The IPO will comprise fresh ...
Manba Finance IPO Overview The much-anticipated IPO of Manba Finance, a non-banking finance company (NBFC) based in Maharashtra, is set to open its subscription on September 23. This marks the second IPO of the week, with the company aiming to raise approximately ₹150.84 crore through this public offering. Investors interested in participating in this IPO ...
Arkade Developer IPO Overview On September 17, 2024, the IPO of Arkade Developers garnered significant attention from investors, showcasing a robust subscription rate on its second day. With a total subscription of 16.21 times, this IPO has attracted bids for approximately 38.53 crore shares against an offering of 2.37 crore shares. The company aims to ...
Recent Performance of GPT Infraprojects Shares On September 17, GPT Infraprojects Limited (BSE: GPT) witnessed a notable upswing in its stock value, climbing as much as 2%. The shares concluded the trading session at ₹161.80, representing a gain of 1.31% on the Bombay Stock Exchange. This bullish trend comes in the wake of the company’s ...
Kotak Group’s Ambitious Move into Private Credit Kotak Group, renowned for its financial services and led by the prominent billionaire Uday Kotak, is set to make significant strides in the private credit market. The group plans to launch its inaugural private credit fund this year, aiming to raise approximately Rs 1,000 crore. As a key ...
