Striking Subscription Numbers: A Bumper Response The bidding for the initial public offering (IPO) of DOMS Industries Limited witnessed an overwhelming response. During the subscription period from December 15 to 18, 2023, the public issue, valued at ₹1,200 crore, was subscribed an impressive 93.40 times. Subscription Breakdown: Institutional and Retail Success Breaking down the numbers,…
P C Mustafa – CEO & Co-founder iD Fresh Food Early Struggles and Family Support PC Musthafa, the CEO of iD Fresh Foods, emerged from humble beginnings in a remote Kerala village. His father, a daily wage worker earning a meager ₹10 per day, faced financial hardships. Musthafa and his siblings contributed by doing odd…
In a recent all-hands meeting, Google and Alphabet CEO Sundar Pichai addressed the massive layoffs in 2022, standing by the decision while recognizing its impact. The 12,000 job cuts, constituting 6% of Alphabet’s workforce, were characterized as essential for adapting to economic shifts and positioning the company for future growth. Sundar Pichai defended the layoffs,…
Investing in gold? Discover the latest scoop as the Reserve Bank of India (RBI) unveils the details of the upcoming Sovereign Gold Bond (SGB) Scheme 2023-24 Series-3. Here’s everything you need to know about this golden opportunity. Understanding the Investment Limits The RBI has set the issue price at ₹6,199 per gram for these bonds…
Strengthening Ties in the Media Sector In a strategic move, Adani group-owned AMG Media Networks Ltd has acquired a substantial 50.5 percent stake in Indo-Asian News Service (IANS) for ₹5.1 lakh, signaling a notable consolidation in the media sector. Operational Control and Shareholders’ Agreement AMG Media Networks Ltd, a subsidiary of Adani Enterprises, has secured…
As the BSE Sensex hit an unprecedented milestone, soaring past the 71,000-point mark, the Nifty IT index mirrored this success, reaching a new record high for the second consecutive day, breaching 2,300 points since Wednesday. The surge in both indices can be attributed to the remarkable performance of IT company shares. Driving Forces: TCS, Infosys,…
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