Tue, Sep 10, 2024 12:00 PM
Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC
A Flip by Shubhangi Gupta
Food tech major Swiggy has received shareholder approval to increase the primary issue size of its Initial Public Offering (IPO) from Rs 3,750 crore to Rs 5,000 crore at an Extraordinary General Meeting (EGM) held on October 3. The company has created a provision for the larger IPO, allowing for an additional Rs 1,250 crore if further funding is required.
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Oil prices went up amid geopolitical tension increasing in the Middle East has raised concerns related to the possible blockage in global crude supplies. The key focus remains to continue to oil-producing countries in the region, with fear that if the conflicts escalate it can affect the flow of oils globally. Brent crude futures rose by $3.59 or 4.86% at $77.49 per barrel.
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Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thu. In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.
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