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Digital storytelling platform Pratilipi aims for an IPO in January 2026, depending on market conditions. The company plans to raise $12 million in a pre-IPO round at a lower valuation. Pratilipi has achieved positive cash flow and is expanding its intellectual property rights across various formats, including web series and audio.

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​We have always had a Bankruptcy Act to allow a company to allow its creditors to take a haircut and then pass transition the company onto new management, which can therefore operate at a lower cost. You may still have three players, but it just may not be the same names.

The domestic market saw a significant boost as the Sensex surged 384 points to a new high of 84,928, and Nifty reached a record peak of 25,939. Stocks like ONGC, Glenmark Pharma, and Reliance Power showed notable gains. Experts suggest monitoring these stocks for potential further upside based on technical and fundamental analysis.

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Asian stocks rose on optimism about potential stimulus measures from China, following positive comments from Federal Reserve policymakers. Japanese, South Korean, and Hong Kong markets saw gains. Investors are also awaiting key US economic data later this week. Meanwhile, oil prices edged higher amid geopolitical tensions in the Middle East.

Stocks in news: Domestic markets started the week positively, gaining nearly half a percent. Key stocks in focus include Reliance Power, Coal India, AstraZeneca India, PNB, and Power Grid due to various developments such as equity issuance, joint ventures, and regulatory approvals.

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State-owned Punjab National Bank (PNB) on Monday fixed a floor price of Rs 109.16 per share for its share sale through qualified institutional placement (QIP). The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.

Samvardhana Motherson raises Rs 6,438 cr via QIP

Updated at : 2024-09-23 20:25:02

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Auto components maker Samvardhana Motherson International on Monday said it has raised Rs 6,438 crore via issue of securities. The QIP issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size, it said in a regulatory filing.

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.

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