Posts in category Business Standard
Steel stocks surge up to 5% on muted Chinese steel output (18-03-2024)
The stocks of domestic steel companies surged nearly 5 per cent on Monday, on the back of muted steel production data from China. Share prices of Tata Steel, Jindal Steel and SAIL moved up
Speculative Net Longs In Euro Edge Higher (18-03-2024)
Large currency speculators net long positions in the Euro futures market edged slightly higher, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 74407 contracts in the data reported through March 12, 2024. This was a weekly rise of 8096 net contracts with net long position coming off its lowest level in over 16 months.
FMCG stocks edge lower (18-03-2024)
FMCG stocks were trading in red, with the S&P BSE FMCG Sector index decreasing 63.6 points or 0.33% at 19320.82 at 13:46 IST.
Information Technology stocks edge lower (18-03-2024)
Information Technology stocks were trading in red, with the S&P BSE IT Sector index decreasing 254.96 points or 0.67% at 37671.8 at 13:46 IST.
Consumer Durables stocks slide (18-03-2024)
Consumer Durables stocks were trading with losses, with the S&P BSE Consumer Durables index decreasing 254.46 points or 0.5% at 50304.68 at 13:46 IST.
HUDCO board to mull fund raising plans on March 20 (18-03-2024)
Housing & Urban Development Corporation (HUDCO) said that the board will meet on Wednesday, 20 March 2024, to consider a proposal to raise funds and also to increase the overall borrowing limit.
Baazar Style Retail files draft papers with Sebi to raise funds via IPO (18-03-2024)
Value fashion retailer Baazar Style Retail Ltd 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 a fresh issue of equity shares worth Rs 185 crore and an Offer for Sale (OFS) of up to 1.68 crore by promoter group entities and other selling shareholders, Draft Red Herring Prospectus (DRHP) filed with Sebi showed.
Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Limited will offload 22.40 crore shares and Intensive Finance Private Limited will divest 14.87 lakh shares among others.
The offer includes a reservation for subscription by eligible employees.
Going by the draft papers filed on Friday, the Kolkata-based company may consider raising Rs 37 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issuance to the extent of Rs 135 crore will
J.Kumar infra bags project worth Rs 334 crore from NBCC (18-03-2024)
J.Kumar Infraprojects said that it has received a letter of award (LOA) for a Delhi-based project worth Rs 334.25 crore from NBCC (India).
India gears up for extensive Lok Sabha showdown in seven phases (18-03-2024)
The Election Commission announced the schedule for the General Election 2024 in India, which will be conducted in seven phases starting from April 19th and concluding on June 1st. The counting of votes will take place on 4th June. The elections will involve 22 states and union territories, with voting taking place in single to seven phases across different regions.
Nifty hovers above 22,050; Tata Steel spurts over 5% (18-03-2024)
At 13:25 IST, the barometer index, the S&P BSE Sensex was up 168.26 points or 0.23% to 72,811.69. The Nifty 50 index rose 46.10 or 0.21% to 22,069.45.