Wed, Apr 24, 2024 8:42 AM
Vi stock surges 12% day after success of Rs 18,000 crore FPO
A Flip by Shubhangi Gupta
Storage Technologies and Automation IPO witnessed overwhelming demand, with bids reaching a staggering 258 times the net issue size on the final day of bidding, May 3. This exceptional response came from both institutional buyers and retail investors. BSE data revealed that the IPO garnered bids for 71.12 crore equity shares against the net issue size of 27.5 lakh shares.
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Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilization of Russia’s economy for war exacerbates a longstanding demographic crunch.
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Last year's consensus was that the U.S. economy was headed for a recession, but that didn't happen. This year's consensus is that we'll have a soft landing, where the economy slows but won't tip into a recession. That could be wrong too.Doubling down on his contrarian view, Citi chief U.S. economist Andrew Hollenhorst told Bloomberg TV on Thursday that he sees a hard landing.
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