Groww IPO gets fully subscribed on Day 2

The initial public offering of Billionbrains Garage Ventures, the parent company of stock broking firm Groww, got fully subscribed on the second day of share sale on Thursday. The company’s IPO received bids for 39,16,33,950 shares, as against 36,47,76,528 shares on offer, translating into 1.07 times subscription, as per data available with the NSE till…

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Aurobindo Pharma Q2 net rises 4% to ₹848 crore

File photo of Aurobindo Pharma office. | Photo Credit: The Hindu Aurobindo Pharma reported September quarter consolidated net profit rose nearly 4% to ₹848 crore compared with ₹817 crore a year earlier aided by higher formulations revenue. The net profit came on a more than 6% increase in the revenue from operations of the Hyderabad-headquartered…

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SEBI stresses on cyber security besides compliance

SEBI Chairperson Tuhin Kanta Pandey. | Photo Credit: Emmanual Yogini Securities and Exchange Board of India (SEBI) stresses the importance of securing cyber security besides focussing on compliance, according to its chairperson Tuhin Kanta Pandey. Citing the introduction of framework to facilitate safer participation of retail investors in algorithmic trading, Mr. Pandey, while speaking at…

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