(Bloomberg) — Carlyle Group Inc. has selected banks for an initial public offering of Acrotec Group, which could be valued at as much as 4 billion Swiss francs ($4.7 billion), according to people familiar with the matter. Bank of America Corp., Morgan Stanley and UBS Group AG are working on the potential Zurich listing of … Read more
In complete contrast to the conventional rules of investing, a recently released Sebi study showed that retail investors sell nearly half of their holdings in initial public offerings (IPOs) within a week. Individual investors sold 50 per cent of the shares allotted to them by value within a week of listing and 70 per cent … Read more
There is a deluge of initial public offerings (IPOs) in India. Over 55 mainboard IPOs have hit the Indian market this year so far. However, the real buzz is in the small and medium-sized enterprises (SME) segment, with over 150 SME IPOs in the year. An influx of IPOs is a positive sign as it … Read more
Have you ever wondered what is the way out when your demands or desires outstrip your economic potential? For example, you may want to go to a European destination with your partner for a week-long trip, but do not have the adequate money in your bank, or want to add a small extension to your new … Read more
ECOS Mobility IPO Listing: The initial public offering (IPO) of ECOS (India) Mobility & Hospitality has concluded with heavy oversubscription. The ECOS Mobility IPO share allotment has also been finalised and now the applicants look ahead to the IPO listing. ECOS Mobility IPO listing date is likely tomorrow. The biffing for ECOS Mobility IPO started … Read more
Travel insurance is a blessing in such situations. The insurance company can give you some emergency cash along with a predefined amount for loss of baggage and passport. They can also provide additional services such as helping you connect with local authorities. However, a basic travel insurance plan may not have all these features, so … Read more
Stock market today: Despite mixed trends in the Asian stock markets and a retreat in the European stock market from the record high, the Indian stock market extended its uptrend for the 13th straight session. The Nifty 50 index finished 37 points higher at the 25,273 mark, the BSE Sensex went up 194 points and … Read more
My son resides in the US, whereas I stay in Pune. My son owns two house properties in Pune. Can I pay municipal taxes on his behalf for those properties? —Name withheld on request I assume that your son is a non-resident since he resides in the US. According to Foreign Exchange Management Act (Fema) … Read more
The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans for three companies, which include SK Finance, Belstar Microfinance, and Transrail Lighting. The market regulator issued observation letters to these companies on August 30. Sebi regulations require every company that wishes to issue an IPO to make a rights … Read more
The growing influence of financial influencers, or “fin-fluencers,” on social media has sparked a lively debate about their role in shaping the investment decisions of the youth. In a thought-provoking episode of “The ALT View” presented by StockGro, students of IIM Bangalore discussed this emerging phenomenon and its implications with industry experts Ajay Lakhotia, CEO … Read more