Doms Industries, an Indian stationery company majority-owned by Fabbrica Italiana Lapis ed Affini, is reportedly gearing up to file for an initial public offering (IPO) in Mumbai as early as June. According to sources familiar with the matter, the offering could fetch between $200 million to $300 million.
On Monday, the Indian stock market witnessed a strong performance, with the 30-share Sensex closing above the 60,000-mark. The benchmark index was up 401.04 points (0.67%), closing at 60,056.10, while the Nifty50 closed at 17,743.40, up 119.35 points. The financial sector led the market rally, with strong buying in financial stocks pushing the benchmark indices … Read more
Following Reliance Industries (RIL) impressive earnings report for the quarter ending March 31, 2023, which surpassed market expectations, several leading brokerages maintained their optimistic outlook on the company’s stock. JP Morgan retained an “Overweight” rating, while Jefferies recommended a “Buy” rating. Domestic brokerages Motilal Oswal, Prabhudas Lilladher, and Sharekhan also expressed confidence in RIL, all … Read more
India’s startup ecosystem has seen tremendous growth in recent years, with a rising number of innovative startups and a supportive government policy environment. This presents an exciting opportunity for retail investors to invest in the country’s startup scene and potentially earn high returns. However, investing in startups can be risky, and there are several factors … Read more