Christmas week began on a positive note on Wall Street as big tech names led the S&P 500 and the Nasdaq higher on a day that was thinly traded. The tech-heavy index ended 1% higher, while the S&P 500 gained 0.7% led by gains in Nvidia, Broadcom, Alphabet and Meta. The Dow Jones ended above the flat line but underperformed its peers.
Open FlipThe share allotment for DAM Capital Advisors Limited’s ₹840.25-crore IPO is scheduled to be finalised on December 24. The IPO, which closed on December 23, was oversubscribed 81.88 times, receiving bids for 1,70,35,38,349 shares against 2,08,04,632 shares on offer. Share allotment status can be checked on BSE, NSE, or the issue’s registrar, Link Intime India Pvt Ltd.
Open FlipCoforge and Cigniti Technologies are moving a step ahead toward a planned merger. The two companies have appointed EY and Axis Capital to prepare merger terms, which they intend to propose to their respective shareholders within a fortnight, according to people aware of the matter. As per the merger plan, Coforge will absorb the listed Cigniti Technologies.
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