Category: Investing

Domestic institutional investors (DIIs) have injected a significant amount of funds into the Indian markets, with net investment crossing the Rs 98,400 crore mark. This development has provided a substantial boost to market sentiment, underscoring the confidence of domestic investors in the country’s economic growth story. According to data from the Securities and Exchange Board…

Food delivery giant Swiggy’s initial public offering (IPO) has garnered significant interest from prominent investors, with bids totaling $15 billion, according to a report. This development underscores the enthusiasm surrounding the company’s market debut. Investors such as Norges Bank Investment Management, Fidelity International, and Capital Group have expressed interest in participating in the IPO, the…

LIC Housing Finance reported an 11.25% year-on-year (YoY) increase in consolidated net profit to ₹1,327.71 crore for the September quarter of the current financial year (Q2FY25), up from ₹1,193.48 crore in the same quarter last year. Total revenue from operations for the quarter stood at ₹6,937.72 crore, representing a 2.5% YoY increase from ₹6,765.44 crore.…

India’s leading telecommunications provider, Bharti Airtel, announced a remarkable 168% year-over-year increase in its consolidated net profit for the quarter ending September 2024. The company’s net profit soared to ₹3,593 crore, significantly surpassing the ₹1,341 crore recorded in the corresponding period last year. The telecommunications giant’s average revenue per user (ARPU) for the quarter stood…

India’s food delivery giant Swiggy has revised its initial public offering (IPO) valuation downward to $11.3 billion, a 25% reduction from its initial target of $15 billion. This move comes as market uncertainty and the underwhelming debut of Hyundai India weigh heavily on investor sentiment. According to sources familiar with the matter, BlackRock and the…

After a brief lull, India’s primary market is gearing up for a flurry of activity, with eight initial public offerings (IPOs) slated to list during the festive Diwali week. This influx of new listings promises to inject fresh vitality into the market. The near-term IPO pipeline appears robust, with 26 companies poised to raise a…

In a significant boost to its expansion plans, Adani Enterprises has successfully raised $500 million through a primary equity infusion. This fresh capital injection is expected to propel the conglomerate’s growth trajectory, underpinning its strategic initiatives across diverse business segments. The primary equity raising exercise has garnered substantial interest from marquee investors, underscoring market confidence…

Byju’s Founder Ravendran Breaks Silence on Financial Woes, Slams Investors for “Running Away” In a candid virtual press conference, Byju Raveendran, founder of troubled edtech giant Byju’s, spoke out for the first time since the company’s financial struggles began. Raveendran expressed regret over investors abandoning ship, exacerbating the company’s uphill battle. Raveendran highlighted the irony…