CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
Recruitment and staffing services provider CIEL HR Services has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The offering includes a fresh issue of shares worth Rs 335 crore and an offer for sale (OFS) of…
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Stocks to buy or sell today: Wipro, ONGC among top 6 trading ideas for 14 November 2024
Indian market is likely to consolidate on Thursday tracking mixed global cues. India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards…
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Bitcoin sees profit booking after over 30% rally since Trump’s US election win
Bitcoin’s impressive rally, which saw a surge of nearly 30% following President-elect Donald Trump’s election victory, has paused as traders engage in profit booking. The cryptocurrency reached a record high of $89,906 on Tuesday but was trading 1.5% lower at $87,310 as of 10:28 AM IST. “This marks the first downturn since Trump’s recent victory,…
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Would prefer Zomato over Swiggy if asked to pick only one: Brokerage JM Financial
Citing Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce…
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Swiggy shares surge 9% after listing, market cap crosses Rs 1 lakh crore
Shares of leading food delivery player Swiggy surged 9% to Rs 449 on BSE in Wednesday’s trade after making its Dalal Street debut at Rs 412. Meanwhile, the company’s market capitalization crossed Rs 1 lakh crore mark. Swiggy’s muted debut on Dalal Street was marked by a small premium of 8% over its issue price….
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Bitcoin nears $90,000 as speculation grows over Trump’s pro-crypto regulatory plans
Bitcoin soared to a new all-time high of $89,600, edging closer to the significant $90,000 mark, driven by speculation over potential pro-crypto regulatory shifts in the United States. The cryptocurrency experienced a 9% jump in the last 24 hours, buoyed by optimism following Donald Trump’s presidential election victory and expectations of a crypto-friendly administration. Reports…
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The return of Trump implies the return of volatility for stock markets
Donald Trump has been elected as the 47th president of the US. Republicans have control of the Senate too. If the Republicans also manage to get control of the House, it would strengthen Trump’s hand further. We will have to wait and see if that happens. Nevertheless, given that Trump has been elected president, it…
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UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh
Shares of agrochemicals manufacturer UPL on Tuesday rose 5.6% to their day’s high of Rs 552.70 on the BSE trade after the company reported a net loss of Rs 443 crore for the second quarter of FY25, widening over 2.3 times from the year-ago period. The company reported a revenue of Rs 11,090 crore for…
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Niva Bupa Healthcare IPO subscribed 1.8 times on final day of bidding process. Check GMP, other details
Driven by a robust demand from retail investors, the initial public offer (IPO) of Niva Bupa Healthcare sailed through on Monday, the last day of the bidding process, being subscribed by 1.8 times. Retail participants had bid for 8,56,92,200 shares from the 3,14,28,571 reserved for them, subscribing to the issue by 2.73 times. This was…
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US election, Q2 earnings, Fed meet and 5 more factors to likely impact stock markets this week
The Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose…
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