Thu, Feb 1, 2024 12:41 PM
FM Sitharaman leaves income tax rates, slabs unchanged
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The initial public offer (IPO) of Ventive Hospitality, which opened for subscription on Friday, has been subscribed by 78% so far on the second day of the process, attracting highest demand from qualified institutional buyers (QIBs). Around 10:45 am, the issue was subscribed 1.05 times by the QIBs, followed by 86% subscription by the retail investors.
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Shares of software development firm Intellect Design are higher by 10% in early trade on December 23 with volumes that are more than 10x the one-month average, testing levels last seen in October. Last week, the company shared a presentation with analysts and institutional investors on its new Enterprise AI platform called Purple Fabric, which is tailored for the financial and insurance sectors.
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Domestic brokerage firm JM Financial recently initiated coverage on Brainbees Solutions, operating under the FirstCry brand, with a 'buy' rating and a target price of ₹692 per share, citing the company's strong growth opportunities in the childcare platform. The company's revenue grew at a CAGR of 38% from FY21 to FY24, with the company turning adjusted EBITDA profitable in FY21.
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