Mumbai: Vodafone Idea‘s ₹18,000 crore follow-on public offer (FPO), India’s biggest, closed successfully on Monday, having been subscribed 7 times, with strong demand from global institutional investors. The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids … Read more
Bond investors are having to regroup after last week’s Federal Reserve meeting dealt a crippling blow to a strategy that many on Wall Street had banked on at the start of the year.Back then, wagering that short-term yields would decline relative to longer-term ones seemed a sure bet with the Fed expected to finally stop … Read more
Samajwadi Party leader Dimple Yadav seeks blessings of an elderly supporter during a public meeting ahead of Mainpuri by-elections, in Mainpuri district, on Nov. 26, 2022. | Photo Credit: PTI Ever since the declaration of the by-elections for the Mainpuri Lok Sabha seat, the urban agglomeration of Mainpuri town is witnessing visits by numerous political … Read more
Being glued to crypto news this week meant missing adventures in regular markets that while lacking the same high drama, made up for it in terms of money at stake. In case you missed it, stock and bond traders spent the last five days still caught in the thrall of an event that may be … Read more