Company just won ₹246.78 crore order for 48 dump trucks!!
Posts in category All News
Websol energy system ltd (20-11-2024)
A big Positive for Cell manufacturers like Websol & Premier. A big Negative for Module only players and EPC players.
CIEL HR Services files draft IPO with Sebi, aims for Rs 335 cr via issue (20-11-2024)
CIEL HR Services Ltd, which provides technology-driven human resources solutions, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Tuesday.
At present, promoters and promoter group entities hold 87 per cent stake in the company.
Besides, the company may consider raising Rs 67 crore through a pre-IPO placement. If this is carried out, the fresh issue size will be reduced.
Proceeds from the fresh issue will be used for acquisition of additional shareholding in subsidiaries — Firstventure Corporation, Integrum Technologies, Next Leap Career Solutions, People Metrics and Thomas Assessments — funding incremental working capital requirements of the company, unidentified inorgani
HDFC Life Insurance Company (20-11-2024)
Recent Interview of HDFC Life MD & CEO with Money Control highlighted following points:
(1) Persistency in 13th and 61st Month is going up for HDFC Life which is a positive.
(2) ULIP now contributes about 36% which is slightly less than Q1 FY25 but it at elevated level due to Stock Market uptrend as compared to 5-6 years back when it was 25%.
(3) HDFC Life may not launch Health Insurance products even if those are allowed by IRDA. They will continue to increase their current Pie of products, both Par and Non-Par.
(4) HDFC Life has about 16% to 18% returns on their Embedded Value which is reasonable.
(5) Sometimes when Banking stocks do well, Life Insurance stocks do not do that well, since Markets perceive them as Long term stocks.
(6) Even if more FDI is allowed in Insurance Sector, actual investments may not go up as Economics are always not favorable for FDI. They will also look at other opportunities before investing more funds in India.
(7) Customers are slowly buying more Life Insurance policies compared to 2019.
(8) Product Factory and Innovation will be the focus of HDFC Life going forward as they always have launched New products in the past decade, and they would like to continue with Innovation.
Just thought of sharing with wider audience.
U.S. Stocks Rebound to Close Mostly Higher (20-11-2024)
US stocks rebounded after early losses with the Nasdaq and S&P 500 closing higher. Nvidia surged ahead of earnings while gold and computer hardware stocks saw gains. Global markets were mixed and bond yields dipped.
Gold price today: Gold prices jump Rs 2,200/10 gms in a week, silver surges Rs 900/kg (20-11-2024)
Gold December futures contracts at MCX opened flat at Rs 75,537 per 10 grams, down by 0.07%, while silver December futures were trading at Rs 89,752 per kg, down by 1%. Gold prices have risen by Rs 2,300/10 grams in the last week, and silver surged by Rs 900/kg. The MCX opened for the evening session at 5 pm today due to the Maharashtra state elections.
Sebi’s new framework on index derivatives kicks off, first leg live today (20-11-2024)
Sebi’s six-step framework for index derivatives officially began on November 20, with the first leg going live. The new rules impose higher margin requirements for index derivatives expiring on the same day, with a 2% increase in the Extreme Loss Margin (ELM). This marks the start of SEBI’s phased approach to improve risk management and streamline derivatives trading, set for full implementation by April 2025.