Globe Civil Projects IPO subscribed 27.8 times on Day 3; strong grey market premium signals bullish investor sentiment
The initial public offering (IPO) of construction company Globe Civil Projects Limited continued to attract strong investor interest as it entered its final day of bidding on Thursday, 26 June 2025.
The public issue, which opened for the public on Tuesday, aims to raise ₹119 crore through a fresh issue of equity shares and is proposed to be listed on both the BSE and NSE.
Wall Street’s new battle: DSAs vs CFAs
One scoop to start: Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering next year of the €19bn company, scoring a rare win for the UK’s beleaguered stock market.
And another thing: A mediator has suggested Paramount pay Donald Trump about $20mn to settle the US president’s lawsuit against CBS News as the two sides inch closer to a deal.
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Read MoreWall Street scrambles as socialist Zohran Mamdani wins NYC mayoral primary
Wall Street scrambles as socialist Zohran Mamdani wins NYC mayoral primary
Wall Street woke up Wednesday to what many in its ranks are calling their worst political nightmare: a self-proclaimed socialist is now poised to become the next mayor of New York City. Zohran Mamdani,
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Read MoreBest sectoral mutual funds to invest in 2025
In 2025, both Nifty 50 and BSE Sensex hovered close to highs but with high volatility. We have also seen a divergence in the performance of stocks from different sectors.
Under these circumstances, mutual fund investors are looking beyond classic diversified equity strategies. There is a lot of focus on opportunities in various sectoral and thematic funds.
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Read MoreEmkay Bullish on HDB Financial ahead of listing; GMP hints at strong market debut
HDB Financial Services, the NBFC arm of HDFC Bank, is set to list on the BSE and NSE today, amid early signs of strong investor demand. The IPO, priced at ₹740 per share, was quoting a grey market premium (GMP) of ₹65 ahead of its debut, indicating a likely listing around ₹805,
The Burst
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Warren Buffett Just Dumped This Stock, Should You?
Warren Buffett will tell you he can’t time the market but he has a pretty good history of doing just that. He has famously been quoted as saying his favorite holding time is forever, so when his firm, Berkshire Hathaway, buys a stock and quickly offloads it, you need to pay attention.
The investment team at Berkshire sold most of its stake in Taiwan Semiconductor,
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