• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Business News

Latest business breaking news from around the world

  • Home
  • Markets
  • Business
  • Investing
  • Tech
  • Politics

Ipo

Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

May 17, 2022 by www.moneycontrol.com

Representative image Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s largest luxury and premium watch retailer Ethos on May 17 mopped up Rs 141.68 crore from nine anchor investors, ahead of its IPO. The public issue will open for subscription on May 18 and close on May 20. The company in its BSE filing said it has finalised the allocation of 16.14 lakh equity shares to anchor investors at a price of Rs 878 per share. ICICI Prudential Flexi Cap Fund bought 5.30 lakh shares in Ethos Limited, Jupiter India Fund purchased 3.73 lakh shares, Saint Capital fund bought 1.59 lakh shares and 1.55 lakh shares were bought by Cohesion MK Best Ideas Sub-Trust in the luxury watch retailer. Jupiter South Asia Investment Company Limited – South Asia Access Fund bought 77 thousand shares while Coeus Global Opportunities fund, Alchemy … [Read more...] about Ethos raises Rs 141.68 crore from anchor investors ahead of IPO

Filed Under: IPO Ethos, Ethos anchor book, Ethos anchor investors, Ethos IPO news, Ethos IPO details, Ethos IPO share price, Ethos IPO anchor book, Ethos IPO anchor investors, pre ipo investors, anchor investors, anchor investor

LIC listing today | Big PSU IPOs laggards on Indian bourses

May 17, 2022 by www.moneycontrol.com

Life Insurance Corporation of India (LIC), the country's largest insurer, is listing its shares on the stock exchanges on May 17. But many analysts have suggested flat to negative listing due to volatility in the global equity markets. The grey market premium of LIC is currently in the negative territory, trading at a discount of nearly Rs 30 a share. In the last 10 years, initial public offerings (IPOs) of big state-run firms have not created any blockbusters as such and mostly traded below their respective offer price. Analysts say public sector utility (PSU) stocks by definition are listed due to divestment, and their objective of social good over wealth creation impacts the perception of investors, and in turn valuation matrix. Hence, it does not come as a surprise that PSU IPOs have historically remained lacklustre and have not turned into blockbusters. India's biggest PSU IPO was Coal India, which was listed in November 2010 with an issue price of Rs 245 a share. It … [Read more...] about LIC listing today | Big PSU IPOs laggards on Indian bourses

Filed Under: Uncategorized IPO, PSU, LIC IPO, buzzing stock, today indian cricket team players list, merthyr magistrates court listings today, ipo listings 2018, 3e listings today, tirupati movies list today, listing date of ircon ipo, listing date of hdfc ipo, ipo listing 2019, ipo open today, psu bank list, why psu bank stocks are falling today, why psu banks down today, psu how big, ipo stocks today, which ipo is best to buy today, tata most valuable indian brand lic infosys next, zacks 1 rank strong buy list today, today big news, todays big news, list of big band leaders

Saudi Aramco said to weigh IPO of trading unit amid oil boom

May 17, 2022 by www.theedgemarkets.com

- A + A DUBAI/LONDON (May 17): Saudi Aramco is considering an initial public offering (IPO) of its trading arm amid a boom in oil prices in what could be one of the world's biggest listings this year, according to people with knowledge of the matter. The state-controlled oil major is working with banks including Goldman Sachs Group Inc, JPMorgan Chase & Co, and Morgan Stanley as it studies a potential listing of Aramco Trading Co, the people said, asking not to be identified as the information is not public. The trading unit could fetch a valuation of tens of billions of dollars, the people said, with two of them saying it could be potentially worth more than US$30 billion. Aramco, which recently became the world's most valuable company, could sell a 30% stake in the division, two of the people said, which would make it one of the world's biggest IPOs this year. South Korea's LG Energy Solution raised about US$10.8 billion in January. Other major oil … [Read more...] about Saudi Aramco said to weigh IPO of trading unit amid oil boom

Filed Under: Uncategorized the oil boom, how long will the oil boom last, karnes county oil boom, 2020 operational calendar saudi aramco, ashraf ghazzawi saudi aramco, dammam 7 supercomputer for saudi aramco, saudi aramco considers $10 billion pipeline stake sale, prosperity 7 ventures saudi aramco, which weigh more 1 gallon of oil or 2 gallons of gasoline how much more, saudi aramco bourse, missiles bullying claims a tragic death what’s going on at saudi aramco, ithra saudi aramco, mercuria scores record profit amid oil market chaos, tadawul saudi aramco, lynn elsenhans saudi aramco, lynn laverty elsenhans saudi aramco, saudi aramco president, saudi aramco jeddah, petrolera saudi aramco, andrey bakulin saudi aramco

LIC shares tumble in market debut after record India IPO

May 17, 2022 by www.theedgemarkets.com

- A + A MUMBAI (May 17): Shares in Life Insurance Corp of India (LIC) slid nearly 8% on its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed initial public offering (IPO) raised far less than expected for the government. India's biggest insurer and largest domestic financial investor closed at 875.25 rupees, compared with the IPO price of 949 rupees. LIC now has a market value of around 5.54 trillion rupees (US$71.54 billion) and is India's fifth-biggest company. The share-price decline reflects weak overall market sentiment and a slump in the broader market since LIC's IPO opened for subscription on May 4, analysts said, even as the blue-chip NSE Nifty 50 index closed up 2.6% on Tuesday. "We were not expecting a big listing as markets were jittery, expect it to pick up," LIC's chairman M R Kumar told reporters. The government, which had positioned the sale as the first and biggest of a wave of … [Read more...] about LIC shares tumble in market debut after record India IPO

Filed Under: Uncategorized share market india, share market in india, india share market, share market of india, share market live india, share markets in india, how to invest in share market in india, how to invest in share market india, investment in share market in india, investing in share market in india, about share market in india, shares market india, learn share market trading in india, ipo share market, automobile market share in india, cement market share in india, Car Market Share In India, Amazon India market share

Sachin Bansal-led Navi Tech files papers for Rs 3,350-crore public offer

March 13, 2022 by www.moneycontrol.com

Representative image. Flipkart co-founder Sachin Bansal-led tech-driven financial services startup Navi Technologies, which turned profitable in FY21, has filed papers with market regulator Securities and Exchange Board of India (Sebi) to raise up to Rs 3,350 crore via an initial public offer, sources in the know told Moneycontrol. On December 8, 2021, Moneycontrol was the first to report Navi’s listing plans. “It is purely a primary issue of shares with no OFS or offer for sale component. The e-filing has been done with the regulator,” said one of the persons cited above. A second person said the firm seeks to grow its lending and insurance business. "There could also possibly be a pre-IPO round of up to Rs 670 crore and as of now the plan is to launch the IPO in June-July depending on market conditions,” this person added. Both the persons spoke to Moneycontrol on condition of anonymity. Navi Tech could not be reached for immediate comment. Close … [Read more...] about Sachin Bansal-led Navi Tech files papers for Rs 3,350-crore public offer

Filed Under: Uncategorized IPO, Navi Tech, Sachin Bansal, initial public offering of, initial public offering of stock, why does public offering affect stock price, proposed underwritten public offering of common stock, why initial public offering is important, coinbase public offering when, public offering how to buy stock, initial public offering how to calculate, suffered rs 437 crore hit due to staff rampage in kolar unit, redacting proprietary information at the initial public offering, navy mr question paper, 2nd public offering, when initial public offering, when was initial public offering founded, initial public offering h, from studying under a tree to earning rs 153 crore per day meet jay chaudhry the 10th richest indian, shweta deposits rs 350, mirati initial public offering, bookbuilding initial public offering, facebook inc the initial public offering

LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

May 17, 2022 by www.moneycontrol.com

India’s largest life cover provider Life Insurance Corporation of India (LIC) made a lacklustre debut on the bourses on May 17, with declining nearly 9.4 percent after its initial public offering was subscribed nearly three times last week. The stock opened at Rs 867.20, against an issue price of Rs 949 on the BSE and touched a high and a low of Rs 886.80 and Rs 860.10, respectively. At 10.05am, the scrip was trading at Rs 883.40 on BSE, down 7 percent from its issue price of Rs 949 a share. India's benchmark Sensex rose 0.62% to 53224 points. Corrections in the equity markets globally seem to have hit the listing for the biggest public issue in the history of the Indian capital market. The situation was worsened by mounting inflationary pressure, stricter lockdowns imposed in China to combat Covid outbreak, and an unabated war on Ukraine by Russian forces. After the debut in the market, LIC has become the fifth most-valued Indian listed firm with a market capital of Rs 5.71 … [Read more...] about LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867

Filed Under: Uncategorized LIC IPO, Markets, IPO News, Stock buzzing, stocks, equity, OFS, Nifty, Sensex, list of stocks, bse stock market, bse stock tips, list penny stocks, shares in the stock market, how to buy shares in the stock market, how to buy shares on the stock market, how to buy and sell shares on the stock market, how to buy a share in the stock market, bse share tips, free bse nse stock tips, bank shares list, below rs 10 shares list, 25 companies listed on stock exchange in india, 5 companies listed on stock exchange, suspended shares list, shared lists, share listing, shares listing, shared list app

China economy czar vows support for tech firms after crackdown

May 17, 2022 by www.thestar.com.my

BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy. The government will support the development of digital economy companies and their public listings, Vice Premier Liu He, who is President Xi Jinping’s most senior economic aide, said after a symposium with the heads of some of the nation’s largest private firms. Baidu Inc. founder Robin Li, Qihoo 360 Technology Co.’s Zhou Hongyu and NetEase Inc chief William Ding were among the tech luminaries spotted at the forum, according to a video posted online. Liu’s remarks reported by state media were short on detail but signal further easing of the regulatory risk for China’s technology behemoths including Baidu and Tencent Holdings Ltd., as investors await clues on whether a rout in their shares is near an end. The Hang Seng Tech … [Read more...] about China economy czar vows support for tech firms after crackdown

Filed Under: Uncategorized China, technology, giants, Liu He, economic, czar, AseanPlus, china shutters 80 000 factories in pollution crackdown, tech firm relocates hq from ireland to philadelphia suburbs, lawmakers take aim at chinese tech firms, big tech firms, vietnam china economy, china economy surpasses us, asean china economy, low tech firms, why china economy is growing so fast, global tech firm, global tech firm toronto, slowdown china economy, slowdown in china economy, africa china economy, philippines china economy, india v china economy, iran china economy, china economy under trade war, giant tech firms, high growth tech firms

For Chin Hin, Solarvest is the goose that lays the golden egg

September 21, 2020 by www.theedgemarkets.com

This article first appeared in The Edge Malaysia Weekly, on September 7, 2020 - September 13, 2020. - A + A IT would not be an exaggeration to say that Solarvest Holdings Bhd is the goose that lays the golden egg for building materials distributor Chin Hin Group Bhd. Founded by low-profile businessman and savvy investor Datuk Seri Chiau Beng Teik, Chin Hin is one of the largest companies in its sector. The group reported a net profit of RM7.47 million in its second quarter ended June 30 (2QFY2020) after recording a disposal gain of RM27.8 million from divesting 25 million shares in Solarvest, representing a 6.4% stake, at RM1.25 apiece. Excluding this one-off item, Chin Hin was expected to report a core net loss of RM20.3 million in 2Q, given that all of its business divisions sank into the red as a result of plant shutdowns and reduced activity on the back of the Movement Control Order (MCO). Bursa Malaysia filings show that Chin Hin disposed of 20 … [Read more...] about For Chin Hin, Solarvest is the goose that lays the golden egg

Filed Under: Uncategorized egg laying rate egg inc, laying worker eggs cells, chicken which lays blue eggs, which chickens lay colored eggs, star stable where are the golden eggs, derelict golden eggs, hens who lay green eggs, what hens lay pink eggs, which hens lay blue eggs uk, which hens lay pink eggs, which hens lay large eggs, which hens lay green eggs uk, where do locusts lay their eggs, who lays penguin eggs, lay much eggs, top lay country eggs, lay for egg, which hens lay most eggs, chicken laying 2 eggs a day, hen laying soft eggs

Sachin Bansal says not the end of the road after RBI rejects banking licence application

May 17, 2022 by www.moneycontrol.com

Sachin Bansal, Founder and Chairman of Navi Technologies. Picture courtesy: Chandra R Srikanth Navi Chairman Sachin Bansal's dream of making the company a banking entity has been brought to a halt after the Reserve Bank of India (RBI) said it found the company's subsidiary unsuitable for a universal banking licence. The announcement from the RBI came when Bansal was addressing a press conference to announce the company's maiden issue of Non-Convertible Debentures (NCDs). Bansal said it was not the end of the road and the company would also consider appealing RBI's decision. "We haven't received written communication from RBI yet. We are going to look at it once we get it, and then chart the next course of action. There are lots of options in front of us. It is not the end of the road for us. I mean, there are many things to explore including re-applying," he said. "We have to go back and analyse this. We will consider whether we want to appeal this and weigh our … [Read more...] about Sachin Bansal says not the end of the road after RBI rejects banking licence application

Filed Under: Uncategorized Sachin Bansal, Navi, RBI, Universal Banking license, road ends, road fund licence, zone ends road sign, End User Licence Agreement, driving licence application, The Crow Road by Iain Banks, banks under rbi, banks under rbi control, end user licence agreements, Sachin Bansal Flipkart, RBI Reserve Bank, rbi banks, driving licence applications, electrical b licence application form, electrical b licence application form in tamilnadu, o licence application, o licence applications and decisions, application rejection letter, o licence applications, bank under rbi

SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

May 12, 2022 by www.moneycontrol.com

Source: AFP Japan’s SoftBank Group on May 12 reported a net loss of 1.7 trillion yen ($13 billion) for the fiscal year ended March 31 2022, as the Japanese conglomerate’s listed portfolio companies were hit hard by falling tech valuations across the globe with investors pricing in interest rate hikes and China tightening regulations on the industry. According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter hitting the Japanese investment conglomerate’s profits for the year. The Masayoshi Son-led investment firm had reported a net profit of 4.99 trillion yen ($38 billion) for the previous fiscal year, with the Vision Fund unit clocking a profit of about 4.03 trillion yen. Shares of South Korea’s Coupang Inc and China’s Didi Global, two of SoftBank’s biggest portfolio companies, have plummeted in the Jan-Mar quarter, dragging the Japanese investment conglomerate into losses for the year. … [Read more...] about SoftBank posts $13 billion loss for FY22 as tech shares plunge across the globe

Filed Under: Uncategorized SoftBank Group, SoftBank, SoftBank earnings, Masayoshi Son, post baby weight loss, loss shares, Tech Post, herbalife shares plunge, share market losses, softbank shares, who shared my post on facebook, globe share a load

Primary Sidebar

RSS Recent Stories

  • China economy czar vows support for tech firms after crackdown
  • Musk says Twitter must prove bot claims for deal to proceed
  • Saudi Aramco said to weigh IPO of trading unit amid oil boom
  • China’s revenue slumps 41% on tax cuts to counter Covid-19 pains
  • China makes a comeback in Bitcoin mining despite government ban
  • Sea quarterly loss widens after consumers cool online spending
  • China stocks close up as Shanghai’s Covid-19 situation improves, tech giants soar
  • Myanmar resistance urges West to provide arms for fight against junta
  • PetChem buys Swedish specialty chemicals group Perstorp for €1.5b
  • Biden’s New Plan To Expand Broadband Access

Sponsored Links

  • How American stocks could continue to climb
  • Which is The Economist’s country of the year for 2021?
  • After a shocker in 2021, where might inflation go in 2022?
  • The hidden costs of cutting Russia off from SWIFT
  • Has the pandemic shown inflation to be a fiscal phenomenon?
Copyright © 2022 Business News. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story