CashNews.co MUMBAI: The current frenzy in the IPO market in India, Bajaj Group reputation and the strong fundamentals of Bajaj Housing Finance combined to set a few new records for the primary market on Wednesday.As the Rs 6,560-crore IPO for Bajaj Housing Finance closed in the evening, there were about 89 lakh investors who had […]
CashNews.co Reuters/Francis Mascarenhas BENGALURU, (REUTERS) – India’s Bajaj Housing Finance attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market. The interest in the company’s public offer — the most this year among mainboard IPOs worth […]
CashNews.co (Reuters) – India led the way in global adoption of cryptocurrencies for the second straight year as investors braved the country’s tough regulatory stance and steep trading taxes, a report from blockchain analytics company Chainalysis showed on Wednesday. The report, which tracks adoption across four sub-categories in 151 countries, showed India ranked high on […]
CashNews.co The MSME lending segment displayed mixed results, with individual MSME loans growing faster than entity MSMEs. The individual MSME portfolio increased by 29% YoY in fiscal 2024, accelerating from 15% in fiscal 2023, while entity MSME loans grew by just 6.6% YoY, a sharp slowdown from 17.2% in the previous year. Read More #cashnews […]
CashNews.co What’s going on here? Bajaj Housing Finance’s IPO smashed records in India, with demand soaring nearly 64 times the shares on offer and attracting bids worth approximately $38.60 billion. What does this mean? Bajaj Housing Finance’s IPO is the talk of the town, setting new benchmarks for public listings in India this year. Institutional […]
CashNews.co By Arsheeya Bajwa NOIDA (Reuters) -NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, the Dutch company’s CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry. “NXP is committed to double its R&D efforts here in the country […]
CashNews.co Bajaj Housing Finance Limited launched its initial public offering (IPO) on September 9, aiming to raise ₹6,560 crore. The issue, which will close on September 11, has set a price band between ₹66-70. The company has already secured ₹1,758 crore from anchor investors and has reserved specific portions for various investor categories, including a […]
CashNews.co The green transition has become crucial for global economies, with governments, regulators, and the private sector implementing strategies to reduce emissions and foster green opportunities. However, the financing landscape is skewed toward mitigation sectors like renewable energy and transport, leaving hard-to-abate sectors underfunded despite their substantial carbon-removal potential. These sectors, including steel, cement, and […]
CashNews.co At 11 Sep 11:17 today, Indian Railway Finance Corporation shares are trading at price ₹168.15, -0.97% down from the previous closing price. Sensex is trading at ₹82022.86, up by 0.12%. The stock has hit a high of ₹170.65 and a low of ₹168 during the day. On the technical front, the stock is trading […]
CashNews.co Top events of the day: Prime Minister Narendra Modi will officially launch SEMICON India 2024, a key event aimed at bolstering the nation’s semiconductor ambitions. Additionally, several high-profile initial public offerings (IPOs) are closing or opening today, including Bajaj Housing Finance, Innomet Advanced Materials, and Excellent Wires and Packaging PM Modi to launch SEMICON […]