In Tata Capital's IPO, the qualified institutional buyers (QIBs) portion of the non-banking financial company's IPO was subscribed 3.42 times, while the non-institutional investors (NIIs) or high-net-worth individuals' portion and the retail investors' portion were subscribed 1.98 times and 1.1 times, respectively. The employee reserved portion saw a subscription of 2.92 times.
Foreign investors divested 4,521 crore from IT and 4,036 crore from healthcare stocks in the latter half of September. This selling was driven by concerns over US H-1B visa restrictions and new pharma tariffs, impacting export-oriented sectors. Overall, FPIs sold 19,647 crore across 15 sectors during the period.
Experts, as well as union leaders representing air traffic controllers and security screeners, warn that the impact could grow significantly worse if the government shutdown continues and employees start to miss paychecks.
Gov. Mike Braun has appointed businessman Tom Collins Jr. as the new chairman of the Gary/Chicago International Airport Authority, replacing former congressman Peter Visclosky who resigned in July.
President Donald Trump could soon move to cancel more than $1 billion in federal grants for General Motors Co. and Stellantis NV and $800 million total in Michigan.
