INFOCOM
BSE IPO index surges 35% in five months of FY27, hits record high on strong listings
The BSE IPO index reached an all-time high, surging 35% in five months. Its SME counterpart also jumped 55%, marking a strong performance for recent listings. These gains significantly outpaced the broader market indices like Sensex and Nifty. However, the rally was concentrated, with a few stocks driving most of the gains. Retail and HNI investors are favoring fresh growth stories over established large-cap companies.
CCI junks complaint against Reliance Jio Infocom, others
The Competition Commission of India (CCI) has dismissed a complaint against Reliance Jio Infocom Ltd and over 4,500 companies, citing a lack of evidence to support allegations of anti-competitive conduct. The complainant accused firms across telecom, logistics, GeM procurement, energy, FMCG, and healthcare of cartelisation and abuse of dominance.
Purple Wave Infocom shares to debut today. Here's what GMP indicates
Purple Wave Infocom is set to debut on the BSE SME platform today after a successful IPO, raising Rs 31.45 crore. The digital PRO AV solutions provider saw strong investor demand, particularly from institutional buyers. Despite neutral pre-listing grey market sentiment, the company's robust financial growth and oversubscription across all investor categories will be closely watched for its market debut.
Purple Wave Infocom IPO: GMP among key details to know before subscription
Purple Wave Infocom’s ₹31.45 crore SME IPO opened on Friday with no grey-market premium, indicating a neutral debut. The issue, priced at ₹120–126 per share, is a fully fresh offer of 24.96 lakh shares and closes on December 2. Retail investors must bid for at least 2,000 shares, costing ₹2.52 lakh at the upper band. Allotment is due on December 3, with listing on December 5 on the BSE SME platform.
Subjecting IXPs to authorisation regime flawed Trai move: Extreme Infocom founder
Operators of internet exchange points (IXPs) criticised the telecom regulator's plan to bring them under an authorisation regime, arguing that it contradicts global practices and reflects a misunderstanding of IXP operations. They asserted that IXPs are fundamentally different from ISPs and should not be regulated in the same manner.
IXP companies hiking investments amid data centre boom
Investments in Internet Exchange Points (IXPs) and peering networks are set to increase in India due to the data centre boom. Companies like Extreme Infocom and DE-CIX India are planning significant investments, aiming to enhance data exchange infrastructure and support growing IT workloads and data consumption by mobile users.
Blackstone to buy Japanese Manga firm for $1.7 billion
The world's largest alternative asset manager has emerged as the buyer of a 55.1% stake in Infocom held by Tokyo-listed Teijin Ltd., the people said, asking not to be identified because the matter is private. Blackstone had offered about ¥260 billion ($1.66 billion) for the company, one of the people said.
Sensex falls! But these stocks rallied over 15% on BSE in today's trade
In the Nifty50 index, 15 stocks closed in the green, while 34 stocks ended in the red.
Globus Infocom expects to grow business by 70% to Rs 350 cr
Globus Infocom CEO Kiran Dham told PTI that the company has posted over twofold growth in the financial year 2020-21 to Rs 208 crore, compared with Rs 100 crore in 2019-20.
TradeIndia hires 700 consultants as revenue jumps over 35% during lockdown
The nearly 25-year-old B2B platform already employs over 1,700 and has over 50,000 registered users and 3.1 lakh daily visitors, which grew by over 150 per cent during the lockdown.
26 special stocks that rallied up to 1,000% when market saw free fall
Almost 90 per cent of BSE stocks have witnessed bear hammering on Dalal Street.
RSS, BJP trying to change fundamental narratives: Manish Tewari
Congress leader Manish Tewari today criticised both the RSS and BJP for making attempts to change the "fundamental narratives" of the country.
Fine notice fails to reach Reliance Infocom
The municipal corporation of Bareilly failed to trace the Mukesh Ambani-owned telecom company, Reliance Infocom, at the address listed for it.
Reliance Jio Infocom gets unified telecom licence
Unified Licence for all 22 Service Areas will make the company the first telecom operator in the country to get pan India Unified Licence.
HCL Infosystems will spin off 3 businesses into separate units
The company's board has approved transfer of hardware solutions business to wholly-owned subsidiary HCL System Integration Ltd, HCL Infosystems said in a statement.
'WB investor friendly, but land acquisition still an issue'
TMC government had earlier this year passed its first pro-industry bill amending Section 14Y of the Act lifting land ceiling in several cases of industrial operations.
SC to hear Ambani brothers' Rs 58 crore loan dispute
Reliance Infocom, in its petition, alleged that a Mukesh Ambani group firm had failed to repay more than Rs 58 cr out of Rs 233.85 cr advanced to it in 1999. New iPhone
SC to hear Ambani brothers' Rs 58 cr loan dispute
Anil Ambani group company Reliance Infocom Infrastructure has moved the SC seeking to recover more than Rs 58 crore of outstanding loan from a Mukesh Ambani group firm.
HC gives different views on charges for towers by telcos
The question of whether a cell phone operator should be charged for erecting network towers has come the fore again with a Bomaby Hight Court bench ruling that Reliance Infocom must pay the Akola Municipal Corporation for its signal receiving structures atop buildings.
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