At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 28.9 points or 0.03% to 81,770.03. The Nifty 50 index rose 28.70 points or 0.12% to 24,979.85.
Posts in category Business Standard
Adani Energy stock zooms 18% in 3 days on buzz of strong demand for its QIP (01-08-2024)
According to media reports, AESL’s $1-billion QIP got strong response and was subscribed over 6 times.
CG Power & Industrial Solutions allots 41,000 equity shares under ESOP (01-08-2024)
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IndusInd Bank launches ‘PIONEER Private’ to cater to HNI/UHNI segment (01-08-2024)
IndusInd Bank today announced the launch of its ‘PIONEER Private Program’, an exclusive program of bespoke financial solutions, tailored to every need of the High-Net-Worth Individuals (HNWIs). Having established a strong presence in serving the HNI segment, this new program marks a significant leap forward in IndusInd Bank’s commitment to personalised excellence catering to the diverse financial and banking needs of HNWIs.
US Dollar regains momentum after FOMC influenced slide to near 2-week low (01-08-2024)
The US dollar is regaining some of its lost momentum on Thursday after having fallen to a near 2-week low as Fed hinted to a near-term rate cut. Fed said in its FOMC statement that it is attentive to the risks to “both sides of its dual mandate” after previously saying it was “highly attentive to inflation risks.” Powell said during his post-meeting press conference that a rate cut in September would be “on the table” if economic data continues on its current path. The Federal Reserve maintained the federal funds rate at a 23-year high of 5.25%-5.50% for the 8th consecutive meeting in July. US benchmark treasury yields eased below 4.1% while dollar index fell to a one and half week low late yesterday but regained momentum to be currently trading at around 104 mark as investors look ahead to the highly-anticipated monthly jobs report on Friday. Among basket currencies, EURUSD and GBPUSD fell this morning to $1.0835 and $1.2812 following an uptick yesterday.
Oil & Natural Gas Corpn announces change in senior management (01-08-2024)
With effect from 01 August 2024
Selan Explorations Technology Ltd leads gainers in ‘B’ group (01-08-2024)
Starlineps Enterprises Ltd, Celebrity Fashions Ltd, Plaza Wires Ltd and Primo Chemicals Ltd are among the other gainers in the BSE’s ‘B’ group today, 01 August 2024.
Vietnam sets an ambitious target of $20 billion in bilateral trade with India (01-08-2024)
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Hero FinCorp files papers with Sebi to raise Rs 3,668 crore via IPO (01-08-2024)
Hero FinCorp, the financial services division of two-wheeler manufacturer, Hero MotoCorp, has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,668 crore through an Initial Public Offering (IPO).
The proposed IPO is a combination of a fresh issue of equity shares worth Rs 2,100 crore and an Offer For Sale (OFS) of Rs 1,568 crore by investor shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.
Those selling shares in the OFS are — AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd.
Proceeds from the fresh issue will be used to increase the company’s capital to meet future funding needs for lending activities.
Hero FinCorp is a NBFC offering a diversified suite of financial products catered primarily to the retail, micro, small and medium enterprise (MSME) customer segments in India.
As of March 2024, the NBFC firm had assets under …
Firstsource Solutions Ltd leads gainers in ‘A’ group (01-08-2024)
Jubilant Pharmova Ltd, PCBL Ltd, Sunflag Iron & Steel Company Ltd and Adani Energy Solutions Ltd are among the other gainers in the BSE’s ‘A’ group today, 01 August 2024.