CarTrade Tech made an unimpressive debut on the bourses as its stock was listed at a discounted price of 1.1%. To elaborate, the issue price of CarTrade Tech IPO was Rs. 1,618 apiece. However, the same opened at Rs. 1,599.8 on NSE and at Rs. 1,600 on BSE. Followed by the listing, CarTrade’s market capitalisation stood …
An Overview In May, India’s industrial production increased by 29.3% year-over-year, aided by base effects that exaggerated growth while obscuring the sequential deterioration in the month that was hit worst by the second wave. Retail inflation dropped slightly to 6.27 percent in June, down from 6.3 percent in May, but remained beyond the RBI’s target …
Foreign portfolio investment in equities has touched a net Rs 5,001 crore thus far in August, according to the NSDL. Following this, the net investment of FPIs in the equities segment for 2021 has now touched Rs 54,037 crore, according to data. As per data from the depositories, apart from the Rs 5,001-crore FPI in …
India’s technology startups saw a record bout of venture capital (VC) inflows as investors turned away from China due to its ongoing crackdown on internet companies. The value of venture capital deals reached an all-time high of $7.9 billion in July 2021, as investments in China dropped to $4.8 billion. This is the first time …
An Overview ReNew Power Pvt Ltd announced on Tuesday that it had finished a “business combination” with RMG Acquisition Corporation II of the United States. In February, ReNew Power revealed a partnership with RMG II, a blank-check business, offering India’s largest renewable power supplier a market capitalization of $8 billion and a NASDAQ listing. A …
The Indian capital markets saw a surge of Rs. 7,245 crores in net inflows, with foreign portfolio investors (FPI) dropping their cautious stance. The gradually rising investments are a result of an improving macroeconomic environment. According to the associate director – manager research of Morningstar India, Himanshu Srivastava, this indicates the investors’ higher conviction and …
Paytm is gearing up for one of the biggest IPOs of this year, which is estimated to be worth around Rs. 16,000 crores. Ahead of this initial public offering, several senior executives of the company have applied to convert their ESOP or Employee Stock Ownership Plan into the company’s shares. According to several reports, this …
An Overview The government and the Reserve Bank of India (RBI) were closely monitoring the impact of the US Federal Reserve’s interest rate hike, although domestic inflation was not a major issue at the moment because supply chain issues were being tackled, according to finance minister Nirmala Sitharaman. According to the finance minister, India was …
An Overview After two months of net selling, foreign portfolio investors (FPIs) turned net purchasers in June, injecting a net Rs. 12,714 crore into Indian markets. In May, foreign investors withdrew Rs. 2,666 crore, while in April, they withdrew Rs. 9,435 crore. FPIs invested Rs. 15,282 crore in equities between June 1 and June 25, …
An Overview At the aggregate level, companies reported exceptional sales and profit growth in the June quarter, rebounding from a poor base in the previous quarter, which was tarnished by a rigorous lockdown during the first wave of the pandemic. However, growing input costs put a strain on profitability. Furthermore, regional lockdowns caused by the …
