TATA TECH IPO
IT firms cut H-1B reliance; Anthropic flags AI risks in IPO filing
Top Indian IT firms have sharply cut H-1B visa filings as rules tighten. This and more in today’s ETtech Top 5.
Five pivotal figures shaping the battle for $185 billion Tata Group
A widening power struggle at Tata Group has brought several lesser-known figures into focus, from TVS veteran Venu Srinivasan and SP Group’s Shapoor Mistry to Maharashtra Charity Commissioner Amogh Kaloti. Their roles could prove decisive as the battle over N Chandrasekaran’s tenure, Tata Sons’ possible listing and the influence of Tata Trusts moves beyond the boardroom.
Stock split alert! Last day to buy this Mukul Agrawal-backed stock that rallied 107% in 4 months
As per Sebi's T+1 settlement norm, investors need to buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy Taal Tech’s shares to be eligible for the stock split.
Dividends and stock splits: IRCTC, BEML among 150+ stocks with record dates this week. Check full list
More than 150 companies have fixed record dates for dividends and stock splits between September 21 and September 25. IRCTC, BEML, Hindustan Copper, Cochin Shipyard and others feature among the stocks with corporate actions scheduled this week.
TCS, Tata Chemicals, other Tata stocks tumble up to 8% as Tata Trusts calls Chandrasekaran’s tenure extension illegal
Tata stocks took a notable hit following the declaration by Tata Trusts that Chandrasekaran's reappointment was illegal. The Reserve Bank of India also denied Tata Sons' plea to maintain private status. With Tata Trusts holding a majority of shares and opposing the IPO, Noel Tata has proposed looking into structural alternatives to appease the regulator. The upcoming Annual General Meeting is now critical for Chandrasekaran's role on the board.
Tata Sons approves five-year extension for N Chandrasekaran to prepare for IPO
Tata Sons' board approved N. Chandrasekaran's reappointment as executive chairman for five years. The company also initiated plans for a potential public listing following regulatory directives. This decision reverses Chandrasekaran's earlier announcement about not seeking another term. The listing follows the RBI's rejection of Tata Sons' request to exit shadow banking regulations. This move prepares Tata Sons for significant structural changes and a new operational phase.
- Go To Page 1
TCS, Tata Chemicals, other group stocks zoom up to 14% on Tata Sons IPO nod, N Chandra’s term extension
Tata Sons has granted Chairman N Chandrasekaran a five-year extension, setting the stage for the long-awaited initial public offering of the group. This announcement spurred a surge in several Tata group stocks, particularly Tata Chemicals and Tata Investment Corporation, which experienced significant price increases. This development follows the Reserve Bank of India's decision to deny the company's request to remain privately held.
Landmark NSE IPO threatens to hollow out India shadow market
The National Stock Exchange's upcoming IPO will significantly boost India's primary market. This listing is expected to cause a major decline in the booming unlisted shares trade. Platforms facilitating these transactions must now find new investment opportunities. Wealthy individuals and funds previously bet on companies in the listing pipeline. The unlisted market saw growth with companies like Sterlite Electric and Garuda Aerospace.
IT stocks rebound as AI disruption fears ease; Nifty IT index gains 2.19%
On Tuesday, information technology stocks saw a notable recovery as investor confidence returned, easing worries surrounding artificial intelligence disruptions. The Nifty IT index performed robustly, surpassing other sector indices. Analysts suggest that AI holds promising prospects for Indian IT firms, yet technical experts express caution regarding the sector's short-term forecasts.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets reversed morning gains to plunge over 1% on Tuesday as surging oil prices, rising bond yields, global uncertainty and foreign outflows pressured sentiment. Nifty breached 23,231 support, while 2,824 NSE stocks declined, signalling strong bearish market breadth.
Sensex crashes over 1,400 pts from day’s high, Nifty below 23,150. 5 triggers behind Rs 9L cr wipeout
Indian markets faced a notable downturn, witnessing significant erosion of capitalisation. Factors like climbing US bond yields and escalating oil prices heightened inflation fears among investors. Anticipation of a rate hike by the Federal Reserve added to the market's woes. Additionally, growing geopolitical tensions in the Middle East, combined with a thriving IPO environment, intensified the pressure, culminating in a widespread sell-off across various sectors.
Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?
Indian IT stocks surged as calls for a slower pace of frontier AI development eased concerns over disruption to traditional software services. The Nifty IT Index gained 5% on Tuesday, adding Rs 1.13 lakh crore in market value, while power and infrastructure stocks tied to AI buildout declined sharply, highlighting a shift in investor positioning.
Tata Sons IPO buzz adds Rs 17,200 cr to m-cap of 5 group stocks. Who gains most?
Renewed Tata Sons IPO hopes sparked a sharp rally in five Tata Group stocks, adding over Rs 17,200 crore to their combined market value in less than an hour. The gains came after the RBI rejected Tata Sons’ request to surrender its CoR and directed it to comply with regulations for NBFC-Upper Layer entities, reviving expectations of a public listing.
Why is market falling today? War woes, oil spike and 4 other factors behind Rs 5 lakh cr D-Street rout
Indian stock markets tumbled significantly on Friday, with benchmark indices Sensex and Nifty recording considerable dips. The sharp surge in crude oil prices coupled with increasing bond yields rattled investors, leading to a staggering loss of over Rs 5 lakh crore in total market capitalisation. After a day of volatile trading, both indices closed well in the red.
Why did stock market fall today? Oil spike, IT rout among 6 key factors behind 800-point Sensex slump; Nifty below 23,450
For the third day in a row, Indian stock markets faced a sharp decline, driven by rising oil prices and increasing tensions in the Middle East. Investors were unsettled by these factors, resulting in notable losses. Additionally, the ongoing IPO surge in the primary market diverted crucial liquidity from secondary markets. Heavy declines in major IT stocks and a depreciating rupee only added to the mounting pressures.
Stocks in news: Biocon, Bank of Baroda, TCS, Sanofi India and Tata Capital
Indian equity markets hit a seven-week low on Tuesday, primarily due to escalating crude oil prices and geopolitical instability that swayed investor morale. Notably, Bank of Baroda announced plans to divest its interest in the NSE, while TCS secured a major contract. Other companies such as Sanofi India and Piramal Finance also shared pivotal developments, highlighting a mixed bag of corporate activity.
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.
Why did market fall today despite positive fundamentals? 5 reasons why Sensex fell 383 points, Nifty ended below 23,800
Indian benchmark indices extended their four-week losing streak on Monday as escalating US-Iran tensions, surging crude oil prices, rising US rate-hike bets, elevated bond yields and continued FII selling weighed on investor sentiment. IT stocks led the decline, with Infosys among the top losers.
Zerodha’s growth stalls; IT’s new deal model
Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
IPO-bound Upstox crosses 2 crore customers, eyes 10 crore users in five years
Upstox has crossed 2 crore demat accounts, with 85% of customers from Tier-II and Tier-III cities and 70% first-time investors. The investment platform aims for 10 crore users within five years and is reportedly exploring a $350-400 million IPO.
JioBlackRock Flexi Cap Fund adds Bandhan Bank, 14 other stocks; exits Vedanta, 17 more in July
JioBlackRock Flexi Cap Fund added 15 stocks and exited 18 in July, with Bandhan Bank and Punjab National Bank among its key additions. The fund also increased exposure to 29 stocks while reducing its stake in 29 others. Its portfolio stood at 133 stocks, with an AUM of Rs 3,270 crore.
Tata Technologies listing: What does GMP signal ahead of debut on Thursday?
Tata Tech IPO: Based on the current GMP trends and the likely demand for the shares even post-listing, it won't be a surprise if the Tata Tech stock doubles over the IPO price on the first day itself
Tata Tech IPO breaks LIC record by getting 73.58 lakh applications
Tata Tech IPO was oversubscribed 69.43 times as investors poured in Rs 1.57 lakh crore by making 73.58 lakh applications. The issue closed for subscription on Friday. In terms of the number of applications, Tata Tech has broken LIC's record of 73.38 lakh applications in May 2022. Reliance Power is at the third place as it had got 48 lakh IPO applications in January 2008.
Tata Tech IPO subscribed nearly 70 times at close; QIB part booked over 200 times
The IPO of Tata Technologies is generating a strong response from investors. Moving away from the initial noise, much of the optimism around the company is due to cheap valuations when compared with listed peers such as KPIT, L&T Tech and Tata Elxsi.
Tata Technologies IPO: Stock fetching nearly 80% premium in unlisted market. Can it double on listing day?
Tata Tech IPO, which closes on November 24, is the first from Tata Group since TCS, which is also one of the reasons why the issue is generating considerable buzz. Analysts are overwhelmingly positive on the issue and, in fact, prefer the IPO over four other issues currently open.
Tata Tech IPO selling like hot cakes, subscribed 6.54 times on Day 1
At 10:42 am, the Rs 3,042-crore Tata Tech IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.
Tata Technologies IPO opens for subscription. Should you apply?
Tata Tech IPO: Analysts advise investors to subscribe to the issue over fair pricing, strong brand presence and strong financials. "Considering the growth opportunities and strong fundamentals of Tata Tech, we recommend a Subscribe rating for this IPO," said Ventura.
Tata Tech IPO opens for subscription under pre-apply mode. Check GMP, other details
Tata Technologies is a leading global engineering services company offering product development and digital solutions to global original equipment manufacturers (OEMs). The company services include concept design, tear-down and benchmarking, vehicle architecture, body and chassis engineering, electrical and electronics systems, and diagnostics. It has a workforce of over 11,000 employees spread across 18 global delivery centres.
Load More
