Posts in category Business Standard
Mukka Proteins wins orders of Rs 50.39 cr (01-04-2024)
The total order book of the Company stands at Rs. 153 crore (approx.) as on date
GE Power India wins multiple orders of Rs 32.75 cr (01-04-2024)
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PNB Housing Finance stock rises 19.11% on the first trading day of FY25 (01-04-2024)
ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile
Kross, Saraswati Saree Depot gets Sebi’s approval to raise funds via IPO (01-04-2024)
Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings.
The two companies filed their preliminary initial public offering (IPO) papers with the capital markets regulator between October and December 2023 and obtained their regulatory observation during March 22-27, an update with the Securities and Exchange Board of India (Sebi) showed on Monday.
As per the draft papers, Kross' maiden public issue is a mix of a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai.
The Jamshedpur-based company proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company.
Saraswati Saree Depot's IPO comprise
Active funds shine as equity markets see broad-based gains in FY24 (01-04-2024)
Over two-thirds of active largecap schemes outperform
TVS Motor Company sells 3.17 lakh units in Mar’23 (01-04-2024)
TVS Motor Company registered a growth of 12% with sales increasing from 317,152 units in March 2023 to 354,592 units in March 2024.
Sebi launches SCORES 2.0 to enhance investors’ complaint redressal system (01-04-2024)
Markets regulator Sebi on Monday launched the new version of SCORES in a bid to strengthen the investor complaint redressal mechanism by introducing auto-routing of complaints and monitoring such grievances by designated bodies.
SEBI Complaint Redress System (SCORES) is an online system where investors in the securities market can lodge their complaints through web URL and an app. It was launched in June 2011.
"The new version of SCORES strengthens the investor complaint redress mechanism in the securities market by making the process more efficient through auto-routing, auto-escalation, monitoring by the designated bodies and reduction of timelines," Sebi said in a statement.
Sebi said that investors can lodge complaints only through a new version of SCORES from April 1, 2024. In the old SCORES, investors would not be able to lodge any new complaint, however, investors can check the status of their complaints already lodged in old SCORES. Further, the disposed of complaints filed i
Tata Motors domestic sales rises 2% YoY in March’24 (01-04-2024)
The auto major's total domestic sales rose 2% to 90,822 units sold in March 2024 as against 89,351 units sold in March 2023.
Nifty April futures trade at premium (01-04-2024)
NSE India VIX dropped 5.84% as shares advanced.
Equity market returns to ‘normalise’ this fiscal year, says Canara Robeco (01-04-2024)
Canara Robeco Mutual Fund manages around 880 billion rupees ($10.55 billion) of Indian equities