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Avalon Technologies IPO: 10 things to know about this public offer
Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30
SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwinds
In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30
Mamaearth IPO on hold amid subdued market conditions: Report
Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.
2023-03-27T12:06:07+05:30
Avalon Technologies' Rs 865 crore-IPO to open for subscription on April 3
The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.
2023-03-26T13:46:30+05:30
Sotac Pharmaceuticals among 3 IPOs scheduled for subscription this week
Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63
2023-03-26T11:08:07+05:30
Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3
The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).
2023-03-25T14:54:07+05:30
Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO
Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30
Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details
"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30
Non-banking lender SBFC cuts IPO size, refiles papers with Sebi
About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30
Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30
Jupiter Hospital likely to file for ₹1,100 crore IPO soon
The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30
MobiKwik eyes fresh IPO in 12-18 months
“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,†Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30
IndiaFirst Life Insurance gets SEBI approval to float IPO
IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium
Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30
Udayshivakumar Infra IPO subscribed 58% on Day One
According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30
Global Surfaces IPO share allotment expected today. How to check status
According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30
Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos
The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30
Govt approves listing of state-owned IREDA by selling part stake
DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30
Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details
About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30
Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore
Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30
Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev
In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30
Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?
Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30
White label ATM provider India1 Payments defers IPO plans
It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30
Global Surfaces IPO subscribed 12.21 times on Day 3
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30
Divgi TorqTransfer lists at 5.1% premium
The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30
Global Surfaces IPO fully subscribed on Day 2
Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30
SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details
The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30
Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?
The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30
Global Surfaces IPO: Check subscription status, GMP and other details
The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30
Global Surfaces among 5 IPOs that will open for subscription this week
The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30
Global Surfaces IPO: 10 things you must know before investing
Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30
Tata Technologies IPO: 10 things to know about the public offer
The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know
2023-03-10T18:28:43+05:30
Flipkart not averse to Dalal Street IPO
The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30
Tata Technologies IPO: What it means for Tata Motors investors
Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30
Tata Technologies files IPO papers with Sebi
The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30
Global Surfaces IPO to open next week. Check price band and other details
The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30
Byju’s is said to seek $250 million in Aakash pre-IPO funding
Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30
Divgi TorqTransfer IPO allotment today. How to check status
The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30
SoftBank's arm aims to raise at least $8 billion in US IPO, say sources
The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30
Nova Agritech files DRHP to raise funds via IPO
According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30
Airox Technologies scraps IPO plans; withdraws IPO paper
However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30
Divgi Torqtransfer Systems' IPO subscribed 5.44 times
The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30
Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises
The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30
Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details
Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30
Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?
Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30
Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details
Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30
Black, Hispanic investors struggle with faith in crypto
Cryptocurrency's recent meltdown has sparked a debate between those who still believe in its future and those who see it as a risky and unproven asset class that preys on vulnerable people. In addition, the marketing of crypto to minority communities has been compared to "predatory inclusion," like payday loans and subprime mortgages, touting it as an economic equalizer without highlighting the risks involved. Though progress has been made in increasing the diversity of the industry, advocates say more needs to be done to encourage young Black and Hispanic people to pursue crypto development careers to make it more accessible and equitable.
2023-03-27T20:41:55+05:30
​8 Nifty 500 stocks available at low PE and offering high ROCE​
>> For more such web stories click on the ET icon below
2023-03-27T20:34:36+05:30
Market Trading Guide: Grasim Industries among 4 stock recommendations for Tuesday
2023-03-27T20:33:32+05:30
Coffee Day Enterprises fund diversion case: Sebi imposes Rs 1 cr fine on Mysore Amalgamated Coffee
Sebi has imposed a penalty of INR 1 crore on Mysore Amalgamated Coffee Estates for aiding and abetting Coffee Day Enterprises in the diversion of funds worth INR 3,535 crore. The company had to pay the fine within 45 days of the order passed by Sebi. According to the regulator, Mysore Amalgamated Coffee Estates was a pass-through entity that violated SEBI Act and Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. Such diversions of funds were not disclosed to investors until the death of VG Siddhartha, the chairman of the Coffee Day Group in July 2019.
2023-03-27T20:30:11+05:30
Troubled Silicon Valley Bank acquired by First Citizens
Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh, North Carolina. The 17 former branches of SVB will open as First Citizens branches Monday, the FDIC said.
2023-03-27T19:49:55+05:30
New Debt MF Norms: AMCs open subscription for international schemes
The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.
2023-03-27T19:33:35+05:30
Top 7 Hybrid Mutual Funds with over 30% gains in the last 3 years
2023-03-27T19:29:59+05:30
Banks lead stock gains after First Citizens buys SVB assets
Stocks are increasing as bank stocks show some strength following the takeover of failed Silicon Valley Bank by First-Citizens Bank & Trust, which could help ease market concerns over troubled banks. Stocks in the Dow Jones Industrial Average and S&P 500 each climbed 0.8% in early Monday trading, whilst Nasdaq-traded First Citizens BancShares rose 40% in premarket trading. However, the risks of a recession persist due to the high interest rates squeezing lenders. The managing director of the International Monetary Fund, Kristalina Georgieva, said that financial stability risks are rising as interest rates increase to combat inflation.
2023-03-27T19:26:06+05:30
Wall Street gains as banking crisis worries ease after SVB deal; First Citizens surge over 45%
First Citizens BancShares Inc acquired parts of Silicon Valley Bank, which collapsed earlier this month in the largest bank failure since the 2008 financial crisis, unleashing fears about a liquidity crunch in the sector.
2023-03-27T19:23:38+05:30
US mid-tier lenders gain on SVB deal, hopes of more govt support
Market worries eased on Monday as First Citizens BancShares agreed to buy failed SVB in a deal in which unit First-Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion.
2023-03-27T19:22:30+05:30
​SVB, Signature & 8 other banks that failed in the last 5 years
>> For more such web stories click on the ET icon below
2023-03-27T19:14:25+05:30
STT hike may leave traders poorer by Rs 2,000 crore: Zerodha's Nithin Kamath
Volumes will likely drop next year on the back of falling new account openings and plateauing active accounts, Kamath said, adding that STT collections could be lower than prior to the hike.
2023-03-27T18:46:58+05:30
Tech View: Nifty charts hint at indecisiveness. What should traders do on Tuesday
On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.
2023-03-27T17:33:55+05:30
Stock market update: Nifty Pharma index advances 1.08%
The Nifty Pharma index closed 1.08 per cent up at 11882.75.
2023-03-27T17:29:22+05:30
Stock market update: Nifty Bank index advances 0.09%
The Nifty Bank index closed 0.09 per cent up at 39431.3.
2023-03-27T17:23:59+05:30
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:18:42+05:30
Sensex rises! But these stocks fell 5% or more in Monday's session
In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.
2023-03-27T17:13:26+05:30
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:08:09+05:30
Stock market update: Mining stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T17:03:01+05:30
Gold declines Rs 640; silver tumbles Rs 700
In the overseas market, both gold and silver were trading lower at USD 1,970 per ounce and USD 23.10 per ounce, respectively.
2023-03-27T16:58:15+05:30
Stock market update: Nifty Auto index falls 0.65%
The Nifty Auto index closed 0.65 per cent down at 12035.1.
2023-03-27T16:57:47+05:30
Avalon Technologies IPO: 10 things to know about this public offer
Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30
Is it time to buy Reliance & M&M? Deepak Shenoy answers
According to Deepak Shenoy Reliance Industries' foray into FMCG places it well in a competitive market. Reliance, with the ability to raise debt, and cash, is positioned to excel. Though the past three years saw little revenue from the company, the next three years have great potential. Mahindra & Mahindra, despite the auto industry's underperformance, has a diverse profile. The improving infrastructure in both road and rail, and lowering interest rates, are expected to boost the automotive sector in 5 years.
2023-03-27T16:54:41+05:30
Stock market update: Nifty Realty index falls 1.16%
The Nifty Realty index closed 1.16 per cent down at 376.55.
2023-03-27T16:52:36+05:30
Gainers and Losers: RIL, Morepen Lab among 6 stocks in limelight today
Nifty settled at 16,985.7, up 0.24%, while Sensex ended 0.22% higher at 57,654.
2023-03-27T16:37:59+05:30
Stock market update: Nifty IT index advances 0.05%
The Nifty IT index closed 0.05 per cent up at 27948.75.
2023-03-27T16:37:06+05:30
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 40.65 points up at 16985.7
2023-03-27T16:31:49+05:30
Stock market update: Sugar stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T16:26:36+05:30
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Pondy Oxides, IZMO, Bharat Wire Ropes, Career Point and Nagreeka Capital, hit their fresh 52-week highs during the day.
2023-03-27T16:21:23+05:30
Stock market update: FMCG stocks down as market rises
The 30-share BSE Sensex closed up 126.76 points at 57653.86
2023-03-27T16:16:07+05:30
Why is India underperforming massively?Anupam Tiwari answers
Negative surprises like interest rate hikes, the European banking turmoil, and the bulging BOP problem have created uncertainty in the Indian market in the last few months. Investors have not been able to make a comprehensive picture with so many conflicting events occurring simultaneously. It may take another three to six months for the uncertainties to be addressed and the market to stabilize.
2023-03-27T16:13:24+05:30
Rupee does better than peers, importers advised to hedge
The news flow related to the U.S. and Europe banking sectors is currently the main focus point for investors. In a positive development, the U.S. Federal Deposit Insurance Corporation said on Monday that First Citizens BancShares Inc would acquire all of Silicon Valley Bank's deposits and loans from the regulator.
2023-03-27T16:08:07+05:30
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Adani Ports SEZ, SBI Life, M&M, Tata Motors and Power Grid were among the top losers on NSE in today's trade.
2023-03-27T16:05:32+05:30
These 5 debt MFs have given investors better returns than FDs
Specified mutual funds have been defined to include funds where not more than 35% of proceeds is invested in shares of domestic companies. This may include debt mutual funds and gold ETFs, where investment in domestic companies is less than 35% of proceeds of the fund.
2023-03-27T16:04:41+05:30
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 40.65 points up at 16985.7
2023-03-27T16:00:17+05:30
Index heavyweights drive Sensex 127 pts higher; Nifty above 16,950; Lupin gains 4%, RIL 2%
2023-03-27T15:57:55+05:30
Index heavyweights drive Sensex 127 pts higher; Nifty above 16,950
Shares of Lupin ended 3.3% higher after the company received tentative approval from USFDA for Valbenazine Capsules. Investors lost Rs 1.12 lakh crore on Monday
2023-03-27T15:55:06+05:30
Reliance Industries shares up 2% after Srikanth Venkatachari appointed as CFO
The current chief financial officer, Alok Agarwal, has been assigned a new role. According to the release, Agarwal will assume a new role as senior advisor to the chairman and managing director of the company assisting him on a wide range of strategic issues with effect from June 1, 2023, after 30 years of distinguished service.
2023-03-27T15:52:42+05:30
HDFC to raise Rs 57,000 crore through issuance of NCDs
"The Board has approved issuance of unsecured redeemable non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, in accordance with the approval granted by the shareholders of the Corporation at the 45th Annual General Meeting held on June," HDFC said in a filing.
2023-03-27T15:33:35+05:30
SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwinds
In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30
Raamdeo Agrawal buys 20,000 shares of Motilal Oswal Financial Services via open market
Motilal Oswal is a financial services company offering financial services across retail and institutional broking, private wealth management, investment banking, private equity, asset management, and Home Finance. The company is based out of Mumbai.
2023-03-27T14:51:41+05:30
Midcaps and smallcaps can deliver strong returns over 12 to 18 months: Naveen Kulkarni
The Indian equity market is currently oversold, offering good opportunities for long-term investors to enter, according to Naveen Kulkarni, CIO at Axis Securities. He said midcaps and smallcaps could deliver strong returns over the next 12 to 18 months, provided quality companies were chosen to invest in. Kulkarni also recommended buying into private banks, adding they were in a strong position and growth would pick up over the next few years. Finally, he said Reliance Industries stock was currently undervalued, and suggested purchasing it for potential 15% returns over a year.
2023-03-27T14:50:15+05:30
How to add nominee to demat account through broking A/C online
​Retail investors will not be able to buy or sell shares from Friday, March 31 unless they make the nominee updation, or declare opting out of making a nomination, in their trading and demat accounts.
2023-03-27T14:44:19+05:30
Up to 165% returns! 2 multibagger stocks to trade ex-split this week
Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
2023-03-27T14:37:19+05:30
Balancing act! Stock selection, flexible investment framework key to superior returns
​​Similarly, a framework built on the assumption that both debt and equity markets cannot correct by double digits in any given year would face difficulty operating in 2022, when both components of the famous 60:40 portfolio fell by double digits for the first time in a century.
2023-03-27T14:33:21+05:30
Nomura bullish on Crompton Greaves after Butterfly Gandhimathi merger, maintains 'Buy'
Nomura further stated that it maintains its view that Butterfly commands higher gross margins (36.3% in 9MFY23) than Crompton (31.1% in 9MFY23), but its EBITDA margins (10.2% in 9MFY23) are depressed due to higher overhead and marketing costs.
2023-03-27T14:26:18+05:30
Jubilant Food shares down 0.15% as Nifty gains
A total of 77,554 shares changed hands on the counter till 02:15PM (IST).
2023-03-27T14:15:46+05:30
How to add nominee to demat A/C through CDSL, NSDL online
The last date for updating nominations for trading and demat accounts is March 31, and trading accounts of investors not meeting the deadline will become inactive, as per regulations notified by Sebi.
2023-03-27T14:12:23+05:30
Adani Power shares fall 4.88% as Nifty gains
A total of 1,482,750 shares changed hands on the counter till time (IST).
2023-03-27T14:10:36+05:30
Indian Hotels shares fall 1.35% as Nifty gains
A total of 34,463 shares changed hands on the counter till time (IST).
2023-03-27T14:05:19+05:30
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