Posts in category Business Standard
Stock market LIVE: BSE Sensex up over 500 pts, Nifty above 21,800 (21-03-2024)
Stock market live updates on March 21: The BSE Sensex was up over 500 points to 72,652, and the NSE Nifty50 gained 21 points to 21,839
Gold price dips Rs 10 to Rs 66,320, silver falls Rs 100 to Rs 76,900 (21-03-2024)
The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 60,790
Nifty Auto, Nifty Energy: See resistance, support levels for trading action (21-03-2024)
Nifty Auto: There is a preference for finding opportunities to go short below 20,300, considering the bearish trend observed in the near term on the charts
Democratising equity market is all about digitisation, says Sebi chief Buch (20-03-2024)
Over the next 10 to 15 years, the REIT, INVIT and muni bond market will be as large as our equity markets, says Buch
Trust Fintech sets IPO price band at Rs 95-101 per share; to open on Mar 26 (20-03-2024)
Trust Fintech Ltd, a provider of SaaS product-focused fintech software solutions, on Wednesday fixed the price band at Rs 95-101 per share for its initial public offering.
The Initial Public Offer (IPO) will open on March 26 and conclude on March 28. The anchor portion will be opened on Friday, the company said in a statement.
The IPO is only a fresh issue of 62.82 lakh equity shares with a face value of Rs 10 each through the book-building route.
The company's shares will be listed on NSE's small and medium enterprises platform Emerge, it said.
At the upper end of the price band, the company intends to raise up to Rs 63.45 crore.
Investors can bid for 1,200 equity shares as a minimum, and subsequently in multiples of 1,200 equity shares.
The firm plans to utilise the proceeds from the public issue to establish a new development facility at Mihan SEZ in Nagpur to procure hardware and upgrade IT infrastructure; to enhance, maintain, and upgrade existing products.
It will also use
Singapore GIC’s domestic equity holdings rises 32% to Rs 2.14 trn in a year (20-03-2024)
According to NSDL data, SWFs account for about 7 per cent of the overall foreign portfolio investor-assets under custody (FPI-AUC)
Reits seek changes in regulations to get easier access to capital (20-03-2024)
They expect the Reit landscape, which is now limited to office space and retail, to expand to hotels, residential properties, data centres, and logistics
Offshore funds need not disclose investors in certain cases, says Sebi (20-03-2024)
In making the exemption, SEBI said the stock exchanges will have to identify the companies with no large shareholder or promoter
Reit industry pitch for direct bank lending, classification as equity (20-03-2024)
Indian Real Estate Investment Trust (REIT) industry on Wednesday pitched for the entities to get access to direct bank lending and classification as equities.
At present, such vehicles can issue bonds or borrow from non-bank lenders or mutual funds, but are prohibited to borrow from banks, said the Indian REITs Association (IRA), a newly formed umbrella body for the five-year-old sector, which comprises four listed entities.
The body's Chairman and Embassy REIT's Chief Executive Arvind Maiya told reporters it is in touch with the RBI (Reserve Bank of India) for allowing banks to lend to such vehicles.
The real estate industry is asset-heavy and needs funds regularly to buy assets for which it should be allowed to borrow directly from banks, he added.
Typically, banks have access to deposits which brings down the cost of funds, and hence, the cost of borrowing can become softer for a borrowing entity.
Alok Aggarwal, the Managing Director and Chief Executive of Brookfield India Real
GE Power India wins orders of Rs 16.42 cr (20-03-2024)
The order placed by Bharat Aluminium Company is for R&M of Boiler Firing system at M/s BALCO, Korba, Chhattisgarh. The value of the order is Rs 8.95 crore.