- SENSEXNIFTY 50
A total of eight initial public offerings (IPOs) came through the first half of this year, which is the lowest number since 2015. Last year 24 companies held IPOs in the first half. And, about Rs 5,509 crore has been raised from these IPOs till now versus Rs 30,960 crore in the previous year. Interestingly, seven companies have already beaten equity benchmark indices, Sensex and Nifty. This year, Sensex rose about 8.61 percent and Nifty50 climbed over 7 percent. While, the average return by these 7 companies year-to-date has been 24 percent, higher than what was expected. READ MORE
US-based software company Ebix Inc on Wednesday announced the acquisition of online travel service provider Yatra for $336 million. With the merger, each ordinary share of Yatra will be entitled to receive 0.005 shares of a new class of preferred stock of Ebix. Each share of Ebix convertible preferred stock received for each Yatra ordinary share will, in turn, be convertible into 20 shares of common stock of Ebix. Atlanta-based Ebix, which makes software for the insurance, financial, healthcare industries, will be issuing 243,747 convertible preferred stock, which in turn will be convertible into 4,874,931 shares of Ebix common stock. READ MORE
Private lender Yes Bank on Wednesday reported a 91 percent year-on-year (YoY) drop in net profit at Rs 113.8 crore for the first quarter ended June 2019. In the corresponding quarter last year, the company posted a net profit of Rs 1,260.4 crore. CNBC-TV18 Polls had predicted a profit of Rs 149.9 crore for the quarter under review. READ MORE
The Week : Jul 17-19
The Week : Jul 17-19
The Week : Jul 17-19
