The primary market is poised for significant activity next week with a series of ongoing and upcoming IPOs. The week will witness the launch of one mainboard IPO and two SME IPOs, keeping D-Street abuzz. Additionally, eight companies are scheduled for listing during the week. The upcoming IPO next week: đź“ŚUnimech Aerospace and Manufacturing, đź“ŚSolar91 Cleantech, đź“ŚAnya Polytech & Fertilizers.
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Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. This signals a significant shift in the Indian business landscape. While the rejig is routine, Zomato's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector.
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One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing. As China’s property debt crisis enters its fifth year, there’s little indication that distressed developers are finding it easier to repay debt as a slump in home sales continues.
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