The value of the foreign portfolio investors (FPI) holdings in the domestic equities dropped 14 per cent to USD 523 billion in the three months ended June 2022 from the preceding quarter, according to a Morningstar report. This was the third consecutive quarterly decline in the value of FPIs' investments in Indian equities. Foreign investors [...]
Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. Airtel said it believes that this upfront payment, coupled with the moratorium [...]
The US private equity major KKR on Tuesday sold 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions. The shares were picked up by a host of entities, including the Government of Singapore, Monetary Authority of Singapore, Smaller Cap World Fund Inc, New World Fund Inc, WF Asian [...]
On Friday, Tata Exlsi limited became the first Tata group stock that crossed the 10k mark. In the early trading session on Friday, the stock opened at Rs 9,727 and spiked by 3% to reach its new levels of Rs 10,040. The rally continued on Tuesday, as the shares opened at Rs 10,438 and zoomed [...]
The shares of Singer India rallied more than 19% in the early hours of trading on Wednesday. As of 10:32 IST, the stock was trading at ₹ 80.75 per share, up 16.85% for the day. In its previous trading session, the stock had its upper circuit. Cumulatively, it has given a return of more than [...]
Future Consumer Ltd (FCL) has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures, a regulatory filing said on Tuesday. The default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore, FCL said a regulatory [...]
Rare Enterprises-backed Concord Biotech has filed draft papers with capital markets regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is entirely an offer for sale of (OFS) of 2,09,25,652 equity shares by Helix Investment Holdings Pte Limited, which is backed by private equity firm Quadria Capital, according to the [...]
The Indian benchmarks started the second week of August in green. As of 13:15 IST, the S&P BSE was up 234 points or 0.36%. The Nifty50, on the other hand, was trading at 17,881 points, up 0.41% or 73 points. Investing in dividend stocks exposes the investor to additional income in the form of dividends [...]
The shares of the oldest mutual fund in India, UTI Asset Management Company Ltd opened at Rs 779 on Tuesday up 4% from its previous close of Rs 749.80. Till 12 pm the stock had scaled by more than 15% and was trading at Rs 864. The stock has climbed by more than 32% in [...]
The stock of the nation’s largest gold loan NBFC, Muthoot Finance declined almost 15% in the early hours of trading on Tuesday. As of 9:40 IST, the scrip hit its low of ₹1,009.30 per share, down 14.99% from its previous close of ₹ 1,187. Muthoot Finance is a large-cap financial services company with a market [...]
