Here's a rundown of 11 significant news stories to keep you in the know:

Share Market Live

NSE

ideaForge shares have doubled from their IPO price — Should one buy now?

They say a good start is half the job done. ideaForge Technology, India's largest drone manufacturing company has had everything going its way in recent times - The best IPO subscription figures in nearly two years, the best listing in nearly two years and so on.

Shares of ideaForge listed at a 93 percent premium to its IPO price of Rs 672. At the listing day high of Rs 1,344, the stock was exactly double of its IPO price. The stock fell 10 percent on Monday and recovered another 9 percent on Tuesday. Although the stock is currently below its listing price, IPO shareholders are still sitting on substantial profits.

But should a new investor attempt to buy the stock? At elevated prices?

Read here

Tata Group will be first Indian iPhone maker, deal likely to close in August

Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter.

A takeover of the Wistron Corp. factory in southern Karnataka state, potentially valued at more than $600 million, would cap about a year of negotiations, said the people, asking not to be named as the matter is private. The facility employs more than 10,000 workers, who assemble the latest iPhone 14 model.

Read here

#TechTalks