BUSINESS
India’s business resumption hits fresh record high: Nomura
The Nomura India business Resumption index touched yet another high of 119.8 for the week ended 26 December versus 116.4 in the prior week.
IPO
IPO-bound firms see correction in unlisted market
In 2021, 63 Indian corporate entities have raised Rs 1.19 trillion via IPOs with most firms reporting healthy gains on debut
BUSINESS
Travel booking website TBO.com files draft papers to raise Rs 2,100 crore via IPO
The IPO consists of a fresh issue of Rs 900 crore and an offer for sale (OFS) of Rs 1,200 crore by its existing shareholders and promoters.
BUSINESS
Protean eGov Technologies files draft papers with SEBI to raise funds via IPO
The IPO consists of a pure offer for sale of 12.08 million shares by Protean eGov Technologies' existing promoters and shareholders.
TECHNOLOGY
Infosys becomes fourth Indian firm to hit Rs 8 trillion market cap
Reliance Industries, Tata Consultancy Services and HDFC Bank are other members of this club
MARKETS
Morgan Stanley initiates overweight rating on Paytm; sets target price at Rs 1875
Paytm has lost nearly 38% since listing, eroding over Rs 52516 crore of its market value.
BUSINESS
Snapdeal IPO: Key risk factors listed on draft papers filed for Rs 1,250-crore issue
The proceeds of the public issue will be used towards growth initiatives, expanding logistics capabilities and enhancing the company’s technology infrastructure
BUSINESS
Falling grey market premium sent warning to retail, high networth investors
Many analysts feel that premiums are falling steadily from its peak amid stretched valuations and recent fall in equity markets
MARKETS
DIIs invest over Rs 1 lakh crore in Indian equities since March
Domestic investment was backed by strong and sustained flows into mutual funds through systematic investment plans
BUSINESS
Rupee weakens past the 76 per dollar mark on current account deficit concerns
The highest monthly trade deficit in about three decades is expected to widen the current account gap in his financial year in the third quarter itself, exceeding the full-year deficit in FY 2020.
BUSINESS
Pro Economic Tracker | Auto sales show mixed trend, consumer sentiment improves
Two-wheeler registrations soften again; labour participation and consumer sentiment edge up, while non-food credit growth eases to 11.1 percent. Data updated as of November 16
