ESDS Software Solution Ltd, which provides cloud computing infrastructure as a service and software as a service, has filed draft documents (DRHP) with the Securities and Exchange Board of India to launch an initial public offering (IPO). The IPO

Tamilnad Mercantile Bank has filed its draft red herring prospectus with the capital markets regulator Securities and Exchange Board of India to launch an initial public offering (IPO). The lender, which is based in the port city of Thoothukudi (T

Mukesh Ambani, India’s richest man and chairman of Reliance Industries Ltd (RIL), has entered the coveted club of people with a net worth of more than $100 billion after the energy-to-telecom conglomerate’s shares hit a new high. RIL shares to

Nifty price-to-earnings (PE) ratio was at 26.54 multiples even as the Nifty 50 share index hit a new high of 17,378 on Monday, September 6, 2021. The Nifty 50 helped by positive Asian sentiments and boost in Reliance Industries share, the key in

Power Mech is an integrated infrastructure services company incorporated in 1999 that provides comprehensive erection, testing and commissioning of BTG, BoP, industrial units, civil works and operation and maintenance (O&M) services. It is the la

Indian stocks had a stellar run last week when Sensex and Nifty rose over 3.5 to scale new highs. Nifty50 recorded its fastest 1000 points upside ever in just 19 trading sessions underlining the exuberance. Most market experts believe that on deriva

Two initial public offerings (IPOs) had a contrasting picture on their last day with the share sale of Ami Organics seeing all-round bumper demand while Vijaya Diagnostic managing to sail through thanks to institutional investors. The two issues w

Indian stock markets touched new highs on Friday, with the 30-stock benchmark BSE Sensex crossing 58,000 for the first time as the investor euphoria continues unabated. The new milestone comes barely three days after the Sensex climbed past 57,000

Indian companies have been rushing to launch initial public offerings in 2021, and there are more to come over the next few months. In September alone, almost a dozen companies could float their share sales. But amid all this euphoria, how have compa

In the first half of 2020, when the entire country went into a nationwide lockdown, automobile sales slumped to nearly zero as dealerships shut down and even factories had to stall or cut back on production. Once the lockdowns lifted, it loo

If the stellar Rs 9,375 crore initial public offering of food delivery company Zomato left you impressed, wait for more. A recent report by the investment banking arm of Bank of America says that as many as 18 Indian unicorns may be on their way t

Navi Mutual Fund, which is part of Flipkart co-founder Sachin Bansal’s financial services group Navi, has filed to launch ten new passive funds, as per documents filed with the Securities and Exchange Board of India (SEBI). These would top up th