Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged. In a 15-page note in response to CreditSights report calling the group overleveraged, it said companies in the group have consistently de-levered, with [...]
The Sensex and Nifty closed modestly lower on Tuesday after investors offloaded FMCG, IT and banking stocks in the last hour of trade amid mixed global cues. The selling pressure emerged towards the fag-end of the session. After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 [...]
The shares of Lykis Limited opened at Rs 53 on Tuesday and climbed 3.7 per cent to reach its new 52-week high of Rs 55.10. The stock has zoomed by more than 45 per cent in the past five days. Ace investor Vijay Kedia holds 18,07,911 shares which makes up a 9.33 per cent stake [...]
The shares of Federal Bank Limited witnessed a sharp surge of 8.53 per cent on Monday's early trades and clocked a fresh 52- week high of ₹ 129.75 apiece. This happened after media reports regarding the bank’s merger with Kotak Bank surfaced. The private sector lender, Federal Bank, said that the media reports about the [...]
An investor looking for stability in the stock price which excludes sudden price movements along with a regular flow of income in the form of dividends generally prefers to invest in Large cap stocks. They not only provide moderate returns but are also highly liquid. Here are two large-cap stocks that analysts have recommended for [...]
The shares of MM Rubber Company Limited have surged by 4.98% on Monday’s early trades and are currently locked at an upper circuit. They reached their fresh all-time high of ₹ 125.45 on the Bombay Stock Exchange (BSE). In the past five days, the share price of the company has increased by a massive 56.91% [...]
The initial public offer of Tamilnad Mercantile Bank got fully subscribed in morning trade on Tuesday, the day two of subscription. The Rs 831.6-crore public offer received bids for 88,32,292 shares, against 87,12,000 shares on offer, according to an update available with the NSE till 10:51 am. Retail Individual Investors (RIIs) category received 2.15 times [...]
Global financial services group Nomura has invested Rs 125 crore in Morgan Stanley-backed telecom infrastructure firm iBus Group, the Bengaluru-based firm said on Monday. The strategic investment will enable iBus Group in the consolidation and transformation of digital infrastructure in wifi-managed services and other value-added services. The funding will also help expand the iBus Group's [...]
Jubilant Foodworks Ltd (JFL) on Monday announced that Sameer Khetarpal has joined as its chief executive officer and managing director. "Shareholders have also approved his appointment in the 27th Annual General Meeting of the Company convened on August 30, 2022," said a statement from JFL. Earlier in May this year, JFL, which operates fast-food chains [...]
Understanding Waves vs Enjin: Waves is a decentralized platform that allows for the creation, transfer, and exchange of custom tokens. Waves also allows for the tokenization of real-world assets, such as fiat currencies, commodities, and even equity shares. Waves also has its own block explorer, which can be used to track transactions on the network. The [...]
Singaporean utility firm Sembcorp Industries on Monday announced the sale of its entire stake in its India unit to an Omanese consortium for Rs 11,734 crore as part of its decarbonisation drive. The firm will sell 100 per cent of its shares in Sembcorp Energy India Ltd (SEIL) to Tanweer Infrastructure Pte Ltd, it said [...]
The total trade volume of Indian Energy Exchange (IEX) registered an 18 per cent annual decline in August to 7,805 MU (million units). The total trade volume in August 2021 was at 9,538 MU, an IEX statement said. However, on a month-on-month basis, IEX registered a 9 per cent growth in August. In July 2021, [...]
Piramal Enterprises Limited has demerged its pharma business and the stock started trading ex-pharma on August 30, 2022. The National Company Law Tribunal (NCLT) approved the demerger of Piramal Enterprises’ Pharma business and the simplification of the company’s corporate structure last month. Further, it will increase liquidity for shareholders. The diversified company’s financial business contributes [...]
Equity benchmark indices rallied nearly 1 per cent to re-visit the 59,000-mark on Monday, tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank. The BSE benchmark rose 442.65 points or 0.75 per cent to settle at 59,245.98. During the day, it jumped 504.92 points or 0.85 per cent to 59,308.25. The NSE Nifty [...]
On Monday, The BSE Sensex opened 210 points or 0.4 per cent higher at 59,010, while the NSE Nifty 50 was ruling 0.4 per cent up at 17,617. With the ongoing optimism in the market, here are some stocks that will trade ex-dividend this week: Asahi India Glass Limited The glass manufacturing company has announced [...]
The shares of Colorchips New Media Ltd hit the upper circuit on Monday. The company’s shares are locked at 131.75 apiece, up 4.98% and it has announced the sub-division of its equity shares in the ratio of 1:5. Colorchips New Media Ltd is a lesser-known media company that is engaged in the business of film [...]
The shares of Suzlon Energy Limited opened at Rs 9.25 on Monday and rose by 20 per cent to hit an upper circuit at Rs 10.55. The stock has surged by more than 32 per cent in the past five days. It has delivered a return of more than 41 percent in a month. In [...]
Former Tata Sons chairman Cyrus Mistry and a co-passenger killed in the car crash on Sunday were not wearing seat belts as per the preliminary probe, a police officer said, adding over-speeding and the "error of judgement" by the driver caused the accident. Prima facie, the luxury car was speeding. It covered 20 km of [...]
Pharmaceutical ingredients maker Blue Jet Healthcare has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is completely an offer-for-sale (OFS) of up to 21,683,178 equity shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora --, according to the draft red herring prospectus [...]
Reliance Power and its subsidiary have inked a pact with Varde Partners for availing debt of up to Rs 1,200 crore. In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (USD [...]
