Tue, Sep 10, 2024 11:33 AM
H.G. Infra Engineering share price rises 5.5% on ₹780 crore order
A Flip by Shubhangi Gupta
Realty firm Puravankara Ltd on Monday (October 7) said it has acquired a 3-acre 4-gunta land parcel in North Bengaluru through a sale deed. The newly-acquired land will be developed into a residential project. "We write to inform that Puravankara Group entity, in its normal course of business has entered into a sale deed for acquiring 3 acres 4 guntas of land parcel located at North Bangalore."
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Another day, another similar story that played out on the Nifty. Open higher and the recovery gets sold into. The Nifty broke more key levels on the downside in Monday's session, carrying on from where it left off on Friday. The Nifty has now declined 1,500 points from its peak of 26,277 on September 27. Over ₹25 lakh crore worth of investor wealth has been wiped out and 47 index constituents.
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Goldman Sachs' global head of equity capital markets, David Ludwig, expects an improvement in the initial public offering (IPO) market as the equity rally broadens, making it easier for companies to go public. Despite a slower-than-expected start to the year, Ludwig notes that IPO discounts have narrowed and deal performance has improved.
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