Thu, Nov 21, 2024 8:47 PM
Enviro Infra Engineers mobilises Rs 195 crore via anchor book ahead of IPO
A Flip by Avya Verma
Hero MotoCorp, which launched an array of products in the last financial year, is now looking to expand its portfolio of scooters and motorcycles. The company's CEO, Niranjan Gupta, said during the Q2 FY25 earnings call that they will be launching new variants of XPulse, Xtreme, Karizma motorcycles as well as Vida Electric and Xoom ICE scooters in the next few quarters.
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Alok Sama, former CFO of SoftBank Group, expressed confidence in India's IPO market, driven by domestic investors, and believes it's insulated from global excesses, unlike the 2021 surge fueled by "easy money" and inflated valuations; he's wary of high AI valuations, but sees transformative potential.
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Wall Street's main stock indexes opened higher on Thursday after data reflected a robust labor market, and AI-heavyweight Nvidia advanced after reporting upbeat quarterly results and forecast. The Dow Jones Industrial Average rose 130.2 points, or 0.30%, at the open to 43,538.7. The S&P 500 rose 23.5 points, or 0.40%, at the open to 5,940.58, while the Nasdaq Composite rose 106.6 points.
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