The IPO was subscribed 1.14 times overall. The retail portion was subscribed 2.86 times, while the non-institutional investor segment was booked 73% and the qualified institutional buyer portion 33%.
West Texas Intermediate increased towards $76 a barrel, after rising 11% in the first three days of the week. Brent ended near $83.
China targets 4.5% to 5% growth for 2023 amid property slump and global uncertainty. Premier Li Qiang announced the goal, focusing on structural adjustments and tech ambitions.
Motilal Oswal Home Finance signed a deal with the Asian Development Bank to raise $100 million in rupee debt via debentures, supporting affordable housing loans for women and green housing.
Nvidia CEO Jensen Huang announced $30 billion in OpenAI and $10 billion in Anthropic as they prepare to go public. Both companies might IPO this year.
Gold and silver prices rose on March 5 amid US-Iran tensions. Spot gold increased 0.8% to $5,176.69 per ounce, while US gold futures gained 1% to $5,186 an ounce.
At the upper end of the price band, Innovision aims to raise ₹322.84 crore, comprising a fresh issue of ₹255 crore and an offer-for-sale of 12.38 lakh equity shares.
Elon Musk testified he paid full price for Twitter in 2022 due to a biased judge. His lawyers warned he couldn’t win against Twitter’s suit. Investors claim he manipulated shares.
The Nifty IT index has been resilient over the last two sessions amidst the market sell-off. The index was down only 0.5% on Friday, in comparison to the Nifty, which fell 1.5%. All Nifty IT constituents are down between 11%…
Shares of Larsen and Toubro (L&T) Ltd. have declined nearly 10% in two trading sessions, after the US and Israel attacked Iran on Saturday, and in response, Iran has launched a barrage of attacks across its neighbouring Gulf countries to…