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ET Intelligence Group: Shiprocket, a micro, small and medium enterprises (MSME) focussed e-commerce solutions provider, plans to raise ₹885 crore through fresh equity to fund technology infrastructure expansion, repay debt and support marketing initiatives. It will also raise ₹732 crore through an offer for sale (OFS). The company has not identified any promoters. Bertelsmann Nederland…
Investors looking to generate alpha in their portfolios are increasingly betting on thematic funds, given the success seen in themes such as capital markets and defence in the recent past. WHAT ARE THEMATIC FUNDS? Thematic funds are those that invest at least 80% of their total assets in stocks linked to a particular theme. These…
Mumbai: Shares of at least 45 recently listed companies are set to become eligible for trading over the next two months as post-IPO lock-in periods expire, potentially adding to the supply of shares. According to data compiled by Nuvama Alternative & Quantitative Research, shares worth around $7.6 billion are set to be unlocked between August…
Mumbai: Retail investors slowed equity purchases by nearly 15% in July, putting in ₹24,697 crore into mutual funds, compared with ₹28,973 crore of fresh commitments in June. Purchases of debt instruments, which experts attributed to seasonality, helped expand the total industry size. Growth in systematic investment plans (SIP) continued to be steady with investors allocating…
Wall Street ended lower on Tuesday, with Amazon and Alphabet dipping, as investors became more pessimistic about a potential deal to bring stability to the Middle East. The Strait of Hormuz will remain closed as long as the U.S. does not change its behavior and accept Iran‘s conditions to end the war, the newly appointed…
Chicago Fed President Austan Goolsbee said high inflation concerned him more than labour-market weakness, signalling what appears to be his support for Fed rate hike.“The biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it’s that prices have been rising too fast. We got an inflation…
Berkshire Hathaway has lost its charm as an attractive investment after Warren Buffett handed over the reins to his successor Greg Abel, said veteran American investor Michael Burry. Burry, who is famous for correctly predicting the 2008 financial crisis, said that his biggest fear for Berkshire Hathaway was that when Buffett finally steps down, his…
Retail investors’ losses in India’s equity derivatives market fell nearly 18% year-on-year to 916.85 billion rupees ($9.61 billion) in the financial year ended March 2026, according to data provided by the government in Parliament on Tuesday. The government said the number of individual investors trading equity derivatives fell by nearly a fifth to 7.86 million,…
CME Group said on Tuesday it will introduce round-the-clock trading in its 100-Ounce Silver futures contract from September, following strong demand for its retail-focused precious metals products and the record debut of its gold contract, Reuters reported.Since 24×7 trading in 1-ounce Gold futures began on July 24, more than 53,000 contracts worth about $219 million…
E-commerce logistics company Shiprocket has raised Rs 727.41 crore from anchor investors ahead of the opening of its initial public offering (IPO) on Wednesday, August 12, 2026. Through its maiden public issue, the company seeks to raise Rs 1,617.48 crore from the markets. According to a stock exchange filing, Shiprocket allotted 7.50 crore (74,991,568) equity…