Mon, Dec 30, 2024 4:59 PM
Adani Group to sell stake in joint venture to Wilmar for $1.4 bn
A Flip by Riya Sharma
The maiden public issues of Parmeshwar Metal, and Davin Sons Retail have been fully subscribed on the first day of bidding, i.e. January 2, with former getting strong demand compared to the latter. Parmeshwar Metal IPOThe Gujarat-based company, which manufactures copper wire and rods by recycling copper scrap, targets to raise Rs 24.74 crore via initial public offering of 40.56 lakh shares.
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SEBI uncovers a front-running scam involving Ketan Parekh, a previously imprisoned stock market operator, and Singapore-based trader Rohit Salgaocar, with unlawful gains of Rs 65.77 crore impounded. The scam involved sharing trade information from a fund house to make illegal profits. SEBI has restrained 22 entities from trading or associating with the securities market.
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Reliance Industries Limited director Akash Ambani has promised to turn Gujarat's Jamnagar into a global leader in Artificial Intelligence (AI) infrastructure over the next two years. He was speaking at an event marking the 25th anniversary of Reliance’s first refinery in Jamnagar. In an address to employees and their families, Akash Ambani announced plans for the development of AI infrastructure.
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