The issue price for the next tranche of Sovereign Gold Bond Scheme 2022-23, which will open for subscription for five days from Monday, has been fixed at Rs 5,409 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2022-23 - Series III will be open for subscription [...]
The promoter of engineering firm GMM Pfaudler on Friday divested 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares on both BSE and NSE, amounting to 17.32 per cent stake in the company, as per bulk deal data available with the [...]
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants. "RBI has issued an [...]
The shares of Hindustan Foods Ltd gained more than 3 per cent till the afternoon on Friday and were trading at Rs 721 levels. In the past five days, the stock has gained approximately 9 per cent while in the span of a month, the stock has rallied by more than 18 per cent. Hindustan [...]
The rupee dropped 9 paise to close at 82.85 (provisional) against the US dollar on Friday amid heavy selling pressure in domestic equities and a strong greenback overseas. However, receding crude oil prices capped the rupee's loss, forex traders said. At the interbank foreign exchange market, the rupee opened sharply lower at 82.84 against the [...]
The BSE Sensex spiralled lower for the second straight session on Friday, in lockstep with other global markets after a host of central banks hiked interest rates and indicated more policy tightening to cool inflation even at the cost of economic growth. A weakening rupee amid foreign fund outflows further crimped risk appetite. The 30-share [...]
City gas distribution company IRM Energy Ltd has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO is a fresh issue of up to 1.01 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The Ahmedabad-based [...]
Block deals worth Crores were executed on BSE after institutional investors traded shares of FSN E-Commerce Ventures Ltd Nykaa. Kravis Investment Partners sold its entire stake of 1.13 per cent or 3.67 crore shares of FSN E-Commerce Ventures for around Rs 629 crore through open market transactions on December 15th. As per the data available [...]
Patel Engineering on Friday said its board has approved raising funds worth up to Rs 350 crore through a rights issue. The go-ahead was given during a meeting of the company's board held on Friday. "The board of directors of the company....approved the raising of funds, through issuance and allotment of equity shares having face [...]
The shares of Madras Fertilizers Limited opened 3 per cent higher on Friday at Rs 75.55 as against its previous close of Rs 73.65. In the early hours, it further gained 15 per cent to reach its new 52-week high of Rs 87.75. Madras Fertilizers Limited is a Public Sector Undertaking that is engaged in [...]
