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The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million

As per the terms of the issue on payment of the issue price, subscribers need to pay 25% on application and the balance in two more additional calls as may be decided by the Board/ Committee of the Board from time to time based on the Company’s requirements within an overall time-horizon of 36 months.

If history must give us any indication, the second year of a bull market historically performs well. So, is it fair to assume that 2022 will see similar extension in rally?

Shrikant Chouhan of Kotak Securities said if the index stays above 16,650, the uptrend may continue up to the 16,825-16,950 levels. "A fall below this level may trigger temporary weakness till 16,375-16,300 levels," he said.

Vedanta Ltd on Saturday said its board will meet next week to consider and approve the first interim dividend for 2021-22. "...the board of directors of the company (the "Board") on Wednesday, September 1, 2021, will consider and approve the first interim dividend on equity shares, if any, for the financial year 2021-22," Vedanta Ltd said in a filing to BSE.

“We believe the IT services sector will deliver sustained growth, aided by robust demand for services such as cloud computing, IoT, business analytics, and other digital business and will gain further momentum in the long term.”

Infra stocks were buzzing after the government announced a huge Rs 6 lakh crore National Monetisation Pipeline to unlock value in brownfield projects for infrastructure creation across the country. However, concerns of the realisation of the project kept investors on toes.

Positive follow-up action above 16,720 is required to unlock further upside potential. Failure to do so, could attract consolidation at the upper band. Immediate trading band for Bank Nifty is seen within 35,000-36,000, and a breakthrough on either side could trigger directional moves.

The return of the retail investors and companies coming to the primary market with unprecedented force have kept the brokerage sector busy as well as thriving. The broking companies improved their platforms to promote ease of trading with the adoption of technologies such as artificial intelligence (AI), lowered brokerage fees, and tweaked their offering to suit the needs of new investors.

The fund house will pay out Rs 2,919 crore to investors in the six schemes next week, which is more than 48% of the current AUM of the six schemes.