Domestic MFs anchoring more listings as issue sizes shrink

Domestic mutual funds (MFs) have underpinned demand for most public floats this year, dominated by small- and mid-sized initial public offerings (IPOs). Illustration: Dominic Xavier/Rediff.com Of......

Matrix to buy 55% stake in Concord Biotech

Hyderabad-based Matrix Laboratories Ltd om Tuesday said that it will acquire a controlling stake in the Ahmedabad-based biotechnology company Concord Biotech Ltd for an undisclosed amount.Matrix......

Ace investor Rakesh Jhunjhunwala, 62, passes away

Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett, died in Mumbai on Sunday morning. He was 62. Photograph: Rakesh Jhunjhunwala/Facebook Jhunjhunwala......

It's raining public offers as markets make a comeback

More companies are harbouring aspirations to go public, following a sharp market rebound after June’s nadir. Illustration: Dominic Xavier/Rediff.com In August, seven companies expecting to......