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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Retail investors get the short shrift and the Ruias look to re-enter the steel business
Editor's note: Advait here. Zomato founder and CEO Deepinder Goyal’s quip that he’s been waiting for a bear market for a long time must have felt like a slap in the face for retail investors who signed up for the startup’s IPO. Not to speak of Morgan Stanley, one of the lead managers of Paytm’s fiasco of an IPO, that has now pared much of its stake. So guess who else hadn’t understood Vijay Shekhar Sharma’s business model. Even as one wonders at the cockiness in all this, there’s one astounding comeback in the making taking place at the Essar group. Read on. All at retail investors’ expense The liquidity unleashed by central banks the world over helped several technology companies raise fresh capital last year. Around eight technology companies raised over $2.5 billion through initial public offerings, an important moment for the Indian startup ecosystem. Yet retail investors have been left clutching at almost nothing. The BSE Sensex and Nifty 50 indices are down 4% over the last 5 days, while the Nasdaq has shed around 3% over the same …
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
Peace talks bring relief to the Emirates, but there’s still a ways to go before full-scale recovery.
