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Mobikwik, Vishal Mega Mart, Sai Life Sciences make blockbuster market debut
The New Indian Express Sambalpur
|December 19, 2024
FINTECH firm One MobiKwik Systems made a blockbuster debut on the stock exchanges on Wednesday as its shares got listed at ₹440 apiece on the NSE, a significant premium of 57.71% against the issue price of ₹279.
The stock hit the upper circuit and closed at ₹528, a 20% increase from the listing price. Following the gain, the market cap of Mobikwik nearly doubled to ₹4,101 crore when compared to the valuation pegged at the upper end of the issue price. The gain made by MobiKwik is on expected lines given the IPO was oversubscribed, with bids totalling approximately $4.7 billion, about 120 times the shares offered. Its unlisted shares were also commanding a premium in the grey market.
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FLERE HISTORIER FRA The New Indian Express Sambalpur
The New Indian Express Sambalpur
SC allows govt to reassess Vi's dues
IN a major relief for Vodafone Idea (Vi), the Supreme Court on Monday allowed the Centre to reassess the demand for adjusted gross revenue (AGR) dues raised against the telco.
1 min
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The New Indian Express Sambalpur
MLA among six BJP leaders expelled
THE BJP on Monday initiated disciplinary action against six leaders, including a sitting MLA, for indulging in anti-party activities, according to a statement issued by Bihar unit of the BJP late on Sunday.
1 min
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The New Indian Express Sambalpur
Chained and handcuffed independent — all for a bridge over river Bagmati
MEET Sanjay Sargharsh Singh, an Independent candidate from Bihar’s Sheohar Assembly constituency, who with his distinctive approach, is drawing huge crowds.
1 min
October 28, 2025
The New Indian Express Sambalpur
IOC to comply with US sanction on Russian oil
INDIAN Oil Corporation (IOC), India’s biggest oil company, said on Monday that it will comply with all applicable sanctions regarding purchases from Russia.
1 min
October 28, 2025
The New Indian Express Sambalpur
Jaishankar meets Rubio in Malaysia amid tariff tension and trade talks
EXTERNAL Affairs Minister S. Jaishankar met US Secretary of State Marco Rubio in Kuala Lumpur on Monday on the sidelines of the ASEAN and East Asia Summits, marking their second meeting in just over a month, and fourth this year. The two leaders are learnt to have discussed a host of bilateral and regional issues, including trade talks.
1 min
October 28, 2025
The New Indian Express Sambalpur
Protect forest dwellers from eviction, states told
DAYS after defending the Forest Rights Act (FRA), 2006 in the Supreme Court, the Union government has directed all states and Union territories to ensure that no tribal or forest-dwelling community is forcibly evicted from wildlife sanctuaries or national parks until their rights are fully recognised and settled.
1 mins
October 28, 2025
The New Indian Express Sambalpur
Students won't tie knots anymore as Raj makes school dress uniform
IN a step toward standardising the education system, the Rajasthan Education Department has introduced a common uniform for students in both government and private schools.
1 mins
October 28, 2025
The New Indian Express Sambalpur
SACRED SPACES & SHATTERED TRUST
REPORTS of sexual harassment by teachers in educational institutions have been steadily rising.
3 mins
October 28, 2025
The New Indian Express Sambalpur
Market advances on expectation of US-China trade talks, Fed rate cut
DOMESTIC equity benchmarks advanced on Monday with the NSE Nifty 50 index briefly surging past psychologically significant 26,000 threshold and recording a firm finish ahead of the October F&O expiry.
1 mins
October 28, 2025
The New Indian Express Sambalpur
‘INITIAL LEARNING IN MOTHER TONGUE VERY IMPORTANT’
Proficiency in one language makes picking up another easier, Sanjay Kumar, Secretary, Dept of School Education, tells the 28th edition of Delhi Dialogues
6 mins
October 28, 2025
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