Tue, Sep 17, 2024 8:54 AM
SpiceJet launches share sale to raise up to ₹3,000 crore
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Two global brokerage firms — BofA Securities and Morgan Stanley — have initiated coverage on Brainbees Solutions, the company that runs FirstCry. BofA Securities has initiated coverage with a 'Buy' recommendation and a price target of ₹770 per share, which implies a potential upside of 20% from the stock's closing levels on Wednesday.
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📌Nazara Technologies announced its largest fundraise of Rs 900 crore to boost its growth trajectory. 📌Budget carrier SpiceJet, which opened its QIP, received a strong response from investors. 📌NTPC Green Energy on Wed filed draft papers for IPO worth up to Rs 10,000 crore. 📌Aavas Financiers said its board has approved the issuance of NCDs to raise Rs 630 crore.
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The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves' first budget. British inflation held steady in August but sped up in the services sector, which is key for the BoE, showing forecasters expect interest rates.
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