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Anand Tandon, Independent Analyst, says the very fact that we have a robust market despite the inflow of new fresh money-raising IPOs is both good and bad. It shows that we have a very robust sentiment towards the market and it also helps to take some focus away from the secondary market where some stocks have reached stratospheric valuation. So, from both perspectives, it is good for the longer term. In the near term, right now it is a lottery. Clearly the action is heating up in the primary market with large IPOs coming in. Swiggy as well as Hyundai IPOs are in the offing and it looks like the investment bankers are not worried about liquidity. Have you looked at the DRHP of either of the companies? Would you be a subscriber to either Hyundai or Swiggy? Anand Tandon: These are all large companies with large capital raises, but also businesses which are fairly steady. So, from that point of view, one does not worry too much these days about valuations as the market has shown us. The question is if the market is pricing IPOs post their listing at way more than what they are coming in at, that does not mean that they should actually be doing that or that it is in any way a reflection on them being priced cheaply.

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

The three main indexes were positioned for monthly gains after the Federal Reserve's rate cut on Sept. 18 bolstered hopes for a soft landing. However, a weak consumer sentiment report on Tuesday raised concerns about the health of the labor market.

Vice President Kamala Harris is pledging to build an economy that is both pro-business and helps the middle class as she pushes back against Republican nominee Donald Trump’s claims that she’s advancing “communist” ideas

Meta unveiled updates to the company’s virtual reality headset and Ray Ban smart glasses on Wednesday along with AI advances as it tries demonstrate its artificial intelligence prowess and the next generation of computing platforms beyond smartphones a...

At Paris Fashion Week, Nicolas Di Felice’s latest offering for Courrèges took the audience into a futuristic, space-age world, with models circling a black abyss inside the Carreau du Temple in Paris’ Marais

Social media platform X published its first transparency report on Wednesday

Easing home prices and drops in interest rates helped to reduce the income needed to buy a home in most major cities across Canada last month, a new Ratehub report shows.

G20 countries and its expansion will propel the global economy, OECD chief economist Álvaro Pereira said. He remained optimistic about domestic demand maintaining its upward trajectory. Pereira also flagged the need for continued emphasis on improvement in the country’s business climate and skill sets. “India is the champion of growth in G20 and continues to show a very strong and broad-based performance,” Pereira told ET in an interview. The Organisation for Economic Cooperation and Development (OECD) raised the country’s growth forecast to 6.7% for FY25 and 6.8% for FY26, a revision of 1 and 2 basis points, respectively, with an upside risk. 'Significant Reforms’

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dollar hit a 14-month low against the euro on Wednesday as traders bet that the Federal Reserve will make another large rate cut at its November meeting on weakening labor optimism, while the yuan eased on growing doubts about the impact of a new round of Chinese stimulus. The greenback tumbled on Tuesday after data showed that U.S. consumer confidence dropped by the most in three years in September amid mounting fears over the labor market.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

The fundraise, which opened on Tuesday (24 September), will close by 5 April 2025 for shares to be allotted in the 2024/25 tax year, with a possible extension of no later than 11 September 2025 for 2025/26 tax year shares. Launched in 2017, the £159m VCT gives investors exposure to UK scale-up businesses that show «high-growth potential» and which provide «attractive but stable returns». Puma Investments taps into 'improving economic climate' with AIM VCT launch The move came against the backdrop of HM Treasury extending the VCT Sunset Clause to 2035, a decision described by CEO of...

Subscribe to enjoy similar stories. Mumbai: Indians are delaying repayments on credit cards and personal loans, leading to a rise in delinquencies after months of bingeing on small-ticket consumption loans. The volume of credit card dues where repayments are delayed by over 90 days has increased 17 basis points (bps) year-on-year to 1.8% in June, showed data from credit bureau TransUnion Cibil.

Avtar & Seramount BCWI – MICI Study has revealed. Findings from the 9th edition of ‘Best companies for women in India (BCWI)’ listing announced by workplace culture consulting company Avtar show that average women representation across industries today is at 36.6% and close to 40% at entry level. Sectors like professional services are close to gender balance with 46% women while manufacturing reported a gender ratio of 20%, an indication of intensifying efforts. GCCs report the lowest attrition rate of women at 10%, the report found while FMCG is the best at retaining women in leadership with the attrition rate of women at 2.6% vis-à-vis men’s attrition rate at 7%.

bank stocks, which have lost weight in the Nifty 50 index by 430 bps in over a year. Investment-oriented themes like cement and building materials have also gained meaningfully post Covid and are currently at their decadal high levels.

Subscribe to enjoy similar stories. Amid the debate about whether India’s growth story has failed to create enough jobs, the Periodic Labour Force Surveys (PLFS) show a significant decline in the unemployment rate over the years. It nearly halved to 3.2% in 2023-24 (July-June) compared to 6.1% in 2017-18.

Subscribe to enjoy similar stories. Arati Mazumdar has just received her first salary. She breathlessly enters the ladies room — the sole bastion of uninterrupted womanhood in the office of a company making products for housewives — and takes the money out of the envelope bearing her name, holding the crisp banknotes in the manner of a rummy-player fanning a winning hand.

Conspiracy theorist Alex Jones’ Infowars media platform and its assets will be sold off in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary School shooting

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...