Posts in category Business Standard
SBC Exports wins contract of Rs 53 cr (11-03-2024)
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Gopal Snacks booked 9x on final day, received bids for 10.80 crore shares (11-03-2024)
Ahead of the IPO, Gopal Snacks on Tuesday, 5 March 2024 raised Rs 193.94 crore from anchor investors. The board allotted 48.36 lakh shares at Rs 401 each to 19 anchor investors
Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors (11-03-2024)
It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs
Domestic equity indices plunge as banking stocks tumble (11-03-2024)
Domestic equity indices plunged on Monday, reversing a two-day rally. The Nifty fell below 22,350 after reaching an intraday high of 22,526.60. While banking and metal stocks took a beating, healthcare, pharma, and IT sectors bucked the trend and closed higher. Meanwhile, broader markets suffered heavy losses. Analysts expect continued weakness due to SEBI's push for stress tests on mid- and small-cap mutual fund schemes to address concerns about inflated valuations.
Krystal sets Rs 680-715 price band to raise Rs 300 cr capital via IPO (11-03-2024)
Facility management and security services provider Krystal Integrated Services on Monday fixed a price-band of Rs 680-715 a share for its Rs 300-crore initial public offering (IPO).
The IPO comprises Rs 175 crore in fresh issue and Rs 125 crore in offer-for-sale by the promoters (at the upper-end of the price band).
Post-issue, the overall promoter holding led by promoter Pravin Ramesh Lad and his family (Krystal Family Holdings) will come down to close to 70 per cent.
The floor price is 68 times the face value of the shares and the cap price is 71.50 times the face value of the shares which has a face value of Rs 10, chief executive Sanjay S Dighe said here.
The anchor investor bidding will begin on Wednesday and the issue opens for public subscription from Thursday.
The company will use the net proceeds from the fresh issue towards part repayment of its debt of Rs 187 crore; funding working capital requirements of Rs 100 crore and capital expenditure for purchasing new machinery
Canara Bank increases MCLRs across tenors (11-03-2024)
With effect from 12 March 2024
INR Slides On Bearish Equities (11-03-2024)
The Indian rupee declined by 8 paise to settle at 82.75 (provisional) against the US dollar on Monday, tracking bearish equity markets. The benchmark S&P/BSE Sensex ended the session down 616.75 points, or 0.83 percent, at 73,502.64, reflecting weak global sentiment ahead of key U.S. consumer price inflation and producer price data this week that might influence the Fed's rate trajectory. The broader NSE Nifty index fell 160.90 points, or 0.72 percent, to 22,332.65. Weakness in the US dollar and a decline in crude oil prices cushioned the downside. At the interbank foreign exchange market, the local unit opened at 82.74 and touched the intra-day low of 82.76 against the greenback. The local unit finally settled at 82.75 (provisional) against the dollar, registering a loss of 8 paise from its previous close. All eyes are now on US inflation data due this week for further cues.
Nifty March futures trade at premium (11-03-2024)
NSE India VIX gained 2.80% as shares declined
Bitcoin above $71,000 as demand frenzy intensifies, hits new record high (11-03-2024)
Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after
Quick Wrap: Nifty Media Index declines 2.91% (11-03-2024)
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