From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant
Global product engineering and digital services firm Tata Technologies has inaugurated a vehicle-software focused Innovation Centre in Tamil Nadu. The first kind of facility in Coimbatore, about 550kms from here, would focus on innovating solutions for global customers through development, testing and integration of vehicle software solutions. The company, in the first phase of operations, plans to employ 100 software professionals from the local community. Coimbatore is emerging as a key engineering hub in India with a vibrant engineering community and education ecosystem. The innovation centre would focus on vehicle software projects including embedded software development and testing, advanced driver assistance systems, connected vehicles, cyber security among others. "We are pleased to establish our presence in Coimbatore and contribute to the region's thriving engineering landscape. This strategic initiative will ensure a continuous exchange of talent, ideas and solutions, ...
The equity market witnessed a sharp rally last month. The benchmark Nifty50 rose by 5.5 per cent, the most since July 2022
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Goel says that the increased focus on profitability and reasonable pricing underpins demand for IPOs
However, newly listed shares come off highs as caution sets in
The global ER&D player registers best listing-day performance for an IPO of over Rs 500 crore
Any price-wise correction in the broader markets, which has seen maximum number of companies hitting the Street this may, may 'temporarily' halt the primary market buzz
The shares surged past the initial public offer price of 500 rupees to debut at 1,200 rupees before hitting the day's high of 1,400 rupees and ending 163% higher at 1,313 rupees
Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500
The handsome gains were expected due to the robust demand for the IPO, which was subscribed 69 times against the shares on offer
Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.
Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled
As per grey market operators, Tata Tech shares could gain over 80 per cent, while that of Gandhar are pegged to gain 40 per cent on debut
Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30
Tata Technologies IPO subscription: It was subscribed 69.43 times as of the final day of subscription on November 24, driven by high participation from institutional buyers
Tata Motors is looking at a strong second half (H2FY24E) and beyond due to improvements in all 3 business verticals.
The benchmark S&P BSE Sensex and the National Stock Exchange Nifty have logged a fourth straight week of gains
IPO garnered bids worth Rs 1.56 trillion
Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. "...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing. The public issue had a price band of Rs 475-500 per share. Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to