Meesho made a strong debut at the Dalal Street on Wednesday, trading at Rs 161, at a premium of 46% over the IPO price.This came after the e-commerce platform’s Rs 5,421.20 crore initial public offering that ended with an overall subscription of 79 times. The response has placed the e-commerce company among the most keenly…
NEW DELHI: In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by…
Fundamentals are turning in favour of India. Higher growth and corporate earnings are achievable in the quarters ahead, says Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 25,850, BSE Sensex was…
NEW DELHI: The govt will run a pilot project to link the demand for subsidised fertiliser from farmers to the size of their farmland in order to prevent diversion, minister J P Nadda informed Rajya Sabha on Tuesday. The move is significant given the high use in farming of chemical nutrients, which is also affecting…
$20Bn New Threshold For Local IPOs, Says JP Morgan I Deals Worth $23-25Bn This Yr MUMBAI: New-age companies are revving up India’s hot IPO market which is set to close the year with an estimated $23-$25 billion worth of deals, higher than the tally of $21 billion last year, bankers at J P Morgan said…
Intel CEO Lip-Bu Tan met Prime Minister Narendra Modi, pledging the chip giant’s support for India’s Semiconductor Mission. Tan lauded the government’s comprehensive policy for semiconductor design and manufacturing. Prime Minister Modi expressed confidence that Intel’s involvement will foster an innovation-driven future for India’s youth, creating a robust electronic component ecosystem. NEW DELHI: US computer…
A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…
Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
The US Federal Reserve is widely expected to lower borrowing costs this week, but deep divisions within the policy-making panel suggest further rate cuts will be harder to secure, analysts say.Policymakers are set to meet on December 9–10 amid a complicated economic backdrop, with inflation still running above the Fed’s 2% target even as hiring…
