FRESH CAPITAL

Silver's the new gold as startups rejig CXO portfolio

Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.

Oyo to use fresh funds for ‘enhanced business plan’ and global push

Oyo's shareholder approval includes issuing Series G CCCPS shares, as per the scrutiniser's report, to raise funds and increase authorized share capital.

MHA to talk to Meiteis, Kukis in Manipur to bridge ethnic divide: Amit Shah

Union Home Minister Amit Shah vowed to address the ethnic divide in Manipur by engaging with both the Meitei and Kuki communities promptly. He emphasized increasing central forces deployment if necessary to restore peace and take strict legal action against violence perpetrators. Shah directed the Manipur chief secretary to ensure adequate health, education, and rehabilitation facilities for displaced people.

These 5 capital goods stocks hit fresh 52-week highs; rallied up to 30% in a mont

Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%

They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.

Lending startup Fibe closes $90 million financing in mix of primary and secondary transaction

Pune-based consumer lending startup Fibe is raining money at a time when fintech lending startups focusing on unsecured consumer lending are finding it difficult to raise fresh equity funding due to RBI's scanner.

Modi arrested me so that he could get me to resign and end AAP govt in Delhi: Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal accused Prime Minister Narendra Modi of using central agencies to force his resignation, aiming for fresh elections. Kejriwal, arrested by the ED in a money laundering case, claimed he won't resign to safeguard democracy. He highlighted constant surveillance during his Tihar jail stay and AAP's resilience amid adversity.

Rulka Electricals stock debuts at 123% premium over IPO price

Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.

Nvidia's blowout forecast adds fresh fuel to AI rally; stock jumps 9%

Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.

Deutsche Bahn invites fresh bids for €15 billion logistics arm

Deutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.

Dabur's Burmans fire fresh salvo at Religare's Saluja

This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.

Awfis raises Rs 269 crore from anchor investors ahead of IPO

For the anchor portion, Awfis has allocated 7.01 million shares at Rs 383 apiece. The investors include mutual funds such as Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Small Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund and HSBC Global Investment Fund.

Sebi amends rule to facilitate ease of doing biz for cos planning IPOs

Companies promoted by entrepreneurs often have several rounds of funding prior to listing their equity shares on the stock exchanges. In such situations, the promoters' holding may fall short of the minimum promoter contribution i.e., 20 per cent of the post-offer equity share capital.

Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity

Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.

CEA Anantha Nageswaran bats for fresh round of capital market reforms

The CEA pushed for macro and financial stability, stressing that "sometimes it may be necessary to forgo rapid growth opportunities in favour of stability". This will ensure that the country remains on the high growth orbit for a longer period, he indicated. He pointed at the massive spurt in credit in the early part of this century and the subsequent spike in bad loans in the banking assets, which weighed down growth in the second decade of this century.

These 9 capital goods stocks hit fresh 52-week highs; rallied up to 44% in a month

Awfis sets Rs 364-383 price band for IPO

The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.

Cold-chain solutions startup Celcius Logistics raises $4.8 million led by IvyCap Ventures

Celcius Logistics connects shippers and transporters and is a solution for all cold-chain requirements, helping with last mile and hyperlocal delivery for all stakeholders.

Veritaas Advertising IPO booked over 7x on Day 1; Indian Emulsifiers' issue near full subscription

The overall subscription of Veritaas Advertising stood at 7.69 times, driven by strong interest from retail investors.

These 5 capital goods stocks hit fresh 52-week highs; rallied up to 25% in a month

Stock Radar: Multibagger in 1 year! This metal & mining stock hits fresh multi year high in May; time to buy?

NMDC's stock performance saw a significant surge, doubling investors' wealth in the metals and mining sector. The breakout to a multi-year high attracted short-term traders eyeing a Rs 355 target, supported by bullish indicators like RSI and MACD.

Sanstar gets Sebi go-ahead for IPO

When a company receives final observation from Sebi, it's a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.

FIU notifies fresh money laundering, terror financing reporting alerts for capital markets

India’s financial intelligence unit issues new alert indicators under PMLA for various sectors to combat money laundering and terrorism financing. Collaborations with regulatory bodies aim to strengthen monitoring, reporting, and analysis of suspicious transactions for law enforcement agencies. These new guidelines have been issued under the provisions of the Prevention of Money Laundering Act (PMLA) during the 2022-23 financial year and published in a recently released report that has been accessed by PTI.