IPO rush: 6 offers to open in one day this week, first time in 30 years

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The six IPOs opening on September 9 are Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering. India’s primary market is set for one of its most crowded weeks, with six mainboard initial public offerings (IPOs) scheduled to open for subscription on September 9. The last time…

Vodafone Idea surges 5% in weak market on huge volume; here’s why

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According to reports, Vodafone Idea is in the final stages of closing debt funding from a State Bank of India (SBI)-led consortium of public sector banks.   Vodafone Idea share price movement   Vodafone Idea (Vi) share price surged 5 per cent to ₹14.75 on the BSE in Tuesday’s intra-day deals, extending its Monday’s 1…