Bharat Coking Coal IPO: What does GMP on the final day indicate & should you subscribe? What brokerages say

Bharat Coking Coal (BCCL) IPO entered its third and final day on Tuesday, continuing to attract strong investor interest. The Rs 1,071-crore issue is currently commanding a grey market premium (GMP) of Rs 11, indicating nearly 46% gains over the upper price band of Rs 23 ahead of its listing.The GMP reflects strong positive sentiment…

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Yellen says Powell probe ‘extremely chilling’ for Fed independence

Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m surprised the market…

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Indian High Commissioner meets Kenya’s Prime Cabinet Secretary; sides agree to convene Joint Commission for Cooperation

High Commissioner of India to Kenya Adarsh Swaika met Kenya’s Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia W Mudavadi on Monday, with both sides agreeing to convene the Kenya-India Joint Commission for Cooperation in New Delhi as part of efforts to further strengthen bilateral ties between the two nations.According to…

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Delhi CM distributes Rs 25.25 crore scholarships to 1,709 students | India News

Coinciding with the birth anniversary of Swami Vivekananda, Delhi Chief Minister Rekha Gupta on Monday distributed scholarships worth Rs 25.25 crore to 1,709 meritorious students from economically weaker sections under the Delhi Higher and Technical Education Assistance Scheme. Addressing the scholarship distribution programme at Thyagaraj Stadium, Gupta said providing financial assistance to students was the…

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Bharat Coking Coal IPO: Issue subscribed 33.6 times by day 2; non-institutional, retail bids surge

The initial public offering of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, was subscribed 33.6 times on the second day of bidding on Monday, reflecting strong demand from non-institutional and retail investors, exchange data showed.The Rs 1,071-crore issue received bids for 11,65,79,29,200 shares against 34,69,46,500 shares on offer, according to data available with…

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