The primary market is set for a busy week, with six mainboard and two SME initial public offerings (IPOs) scheduled to open, collectively targeting around Rs 11,000 crore.
Zetwork Manufacturing is the largest of the offerings, seeking to raise nearly Rs 5,000 crore through a fresh issue and an offer for sale. Bonfiglioli Transmission plans to raise around Rs 2,500 crore, followed by Tonbo Imaging India, which is targeting Rs 1,500 cr.
Mumbai: Government bond yields rose on Tuesday after the central bank announced bond sales in the shorter tenure segment late on Friday, increasing supply in the bond market. Retail inflation at a 20-month high also caused yields to increase, as it stoked expectations of a rate hike as early as next month. Read more: Prashant…
Advanced Micro Devices (AMD) briefly crossed $1 trillion in market capitalisation for the first time on Monday, joining a select group of chipmakers to reach the milestone as investors bet on its growing role in artificial intelligence computing. AMD shares were last up 9% at $610 after touching a record high of $613.92, briefly lifting…
Asian stocks rose after a rally in chipmakers drove the Nasdaq 100 Index to its first record since June, while falling oil prices added support as diplomatic efforts to end the war with Iran progressed. MSCI’s Asia Pacific equity index climbed 0.3%, a sixth straight day of gains, with Japanese markets closed for a holiday….
Watching a movie in a theatre is one of the oldest and most enduring forms of entertainment for those who have access to it. Even for someone like me, who occasionally goes offline and rewinds from the constant pull of the internet, a movie at the theatre can be the perfect escape from doomscrolling. I…
Two people may earn similar monthly salary, work in the same cities and apply for a loan of the same amount, yet one may receive quick approval while the other gets a lower loan amount, a higher interest rate or even rejection. For many borrowers, this can feel unfair but banks look at many more…
ET Bureau
