Stock market Update on Wednesday, August 14: The US market gained as PPI-based inflation dipped more than expected raising bets of September rate cut.
Posts in category Business Standard
GIFT Nifty gains 100 pts; trading holiday, weekly F&O expiry in focus today (14-08-2024)
All you need to know before the market opens on Wednesday: The US market rose as cooler inflation raised September rate cut bets. FIIs long-short ratio in index futures dipped below 1 after two months
Nifty PSU Bank, Private Bank bearish; time to accumulate? Analyst weighs (14-08-2024)
The Nifty PSU Banks Index is currently experiencing a downward trend in the near term. However, the index has recently undergone a sharp correction, bringing it very close to critical support levels a
TVS Motor, Aurobindo Pharma: Top picks by Chandan Taparia of Motilal Oswal (14-08-2024)
On the daily chart TVS Motor’s price has broken out on the upside from an ascending triangle with higher-than-average buying volumes
Vinay Rajani of HDFC Securities recommends buying these two stocks today (14-08-2024)
Stock price of Torrent Power is on the verge of breaking out from falling wedge pattern on daily chart. On 31 st July 2024, Stock Price broke out with jump in volumes
ArisInfra Solutions files papers with Sebi to garner Rs 600 cr via IPO (13-08-2024)
ArisInfra Solutions Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO).
The proposed IPO is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP).
The Mumbai-based company plans to mop-up about Rs 120 crore through a pre-IPO placement. If such placement is undertaken, the amount raised will be deducted from the total IPO size.
Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes.
Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitizing the procurement process for construction materials.
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Mauritius FSC denies allegations against Sebi chief over offshore funds (13-08-2024)
Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies.
In a statement, FSC said it has taken cognizance of the contents of the report published by Hindenburg Research on August 10, 2024, wherein mention has been made of ‘Mauritius-based shell entities’ and Mauritius as a ‘tax haven’.
“The report of Hindenburg has further cited ‘IPE Plus Fund’ is a small offshore Mauritius Fund and ‘IPE Plus Fund 1, a fund registered in Mauritius’. We wish to clarify that IPE Plus Fund and IPE Plus Fund 1 are not licensees of the FSC and are not domiciled in Mauritius,” it said.
Hindenburg on Saturday alleged that Sebi chairperson Madhabi Puri Buch and her husband opened an account in 2015 with a wealth management firm in Singapore to invest an undisclosed sum of money in a …
Metalman Auto files IPO papers with Sebi, eyes Rs 350 cr via shares sale (13-08-2024)
Auto components maker Metalman Auto Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO).
The proposed IPO is a combination of a fresh issue of equity shares worth Rs 350 crore and an offer for sale (OFS) of up to 1.26 crore shares by its promoters, according to the draft red herring prospectus (DRHP).
Proceeds from the fresh issue to the tune of Rs 25 crore will be used to part financing the capital expenditure towards procurement of plant and machinery at Pithampur manufacturing unit 2 in Madhya Pradesh.
Additionally, Rs 240 crore will be used for payment of debt, besides, a portion of funds will be used for general corporate purposes, draft papers filed on Monday showed.
Founded in 1986, Metalman Auto is a one-stop shop for sheet metal and tubular fabrication, metal finishing and assembly of components for OEMs in the automotive and non-automotive sectors.
The company is primarily focused on manufacturing meta
Ease in perpetual bond valuation norms set to revive market, say investors (13-08-2024)
Banks had slowed issuing the notes as the 2021 valuation norm change hurt appetite. In January this year, they had sought a relaxation
India narrows gap with China after latest MSCI rejig; $3 bn inflows seen (13-08-2024)
Weight surpasses 20% in the widely-followed MSCI EM index