Introduction The term “Indian ADR surge” has gained significant attention recently as American Depositary Receipts (ADRs) of major Indian IT firms, including Infosys and Wipro, experienced notable gains on the New York Stock Exchange (NYSE). Infosys ADRs rose by 3.58% to $23.46, and Wipro ADRs climbed 2.40% to $2.7171. This surge followed Accenture’s impressive quarterly…
There was a significant development in the Indian electronics manufacturing landscape, as Dixon Technologies entered into a joint venture with Vivo India. Announced on December 15, 2024, the partnership aims to grow Dixon’s original equipment manufacturer (OEM) business and strengthen its foothold in the smartphone manufacturing space. The news triggered a surge in Dixon Technologies…
GNG Electronics, a major player in India’s ICT (Information and Communication Technology) refurbishment industry, is preparing to raise ₹825 crore through its initial public offering (IPO). The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 14, 2024. This is a significant step towards capital…
The eagerly awaited Mobikwik IPO has arrived, representing a pivotal moment for One Mobikwik Systems Limited, a prominent name in India’s digital payments and fintech industry. Opening for public subscription from December 11 to December 13, 2024, this IPO has sparked widespread interest as investors assess its potential to enhance their portfolios. In this blog,…
Sanjay Malhotra is set to take over as Governor of the Reserve Bank of India (RBI) on December 10, 2024. Malhotra was appointed during a period of severe economic difficulties, succeeding Shaktikanta Das, who has been the governor for six years. With a reputation for effective policy implementation and rich experience in finance and governance,…
