Posts in category Business Standard
Equity investors make best returns when interest rates decline: UBS (28-02-2024)
Equities have dominated bonds, while bonds have outperformed treasury bills
Limit flows into midcap, smallcap mutual funds: AMFI asks asset managers (28-02-2024)
AMFI made the request in a letter dated February 27, which has not been previously disclosed. It came following a communication from India's market regulator
Sales of listed private non-financial firms rose 5.5% in Q3: RBI data (28-02-2024)
Sales of listed private non-financial companies grew 5.5 per cent in the three months ended December 2023 from 4.4 per cent expansion in the previous quarter, according to official data.
The Reserve Bank of India (RBI) on Wednesday released the data on the performance of the private corporate sector during the third quarter of 2023-24 drawn from abridged quarterly financial results of 2,842 listed non-government non-financial companies.
"Growth (y-o-y) in aggregate sales of 1,685 listed private manufacturing companies moderated further to 3.7 per cent during Q3:2023-24 (4.2 per cent in the previous quarter)," the apex bank said.
Among the major industries, sales of chemical companies declined 13.5 per cent, excluding which sales growth of manufacturing companies stood at 6.4 per cent.
Information Technology (IT) sector witnessed further deceleration in sales growth (y-o-y) to 3.2 per cent from 5.9 per cent in the previous quarter and 19.4 per cent a year ago.
Non-IT services compa
Markets log biggest decline in a month; Small, midcaps crash nearly 2% (28-02-2024)
Nervousness ahead of key data release
Platinum Industries IPO subscribed 22.19 times on second day of offer (28-02-2024)
The initial public offering of Platinum Industries got subscribed 22.19 times on the second day of offer on Wednesday.
The Rs 235 crore-initial share sale received bids for 21,37,42,644 shares against 96,32,988 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 42.85 times subscription while the Retail Individual Investors (RIIs) part got subscribed 25.50 times. The category for Qualified Institutional Buyers (QIBs) received 90 per cent subscription.
The Initial Public Offering (IPO) has a fresh issue of up to 1,37,61,225 equity shares. The price range is Rs 162-171 a share.
Platinum Industries has mobilised over Rs 70 crore from anchor investors.
It is a multi-product company, is engaged in the business of manufacturing stabilisers.
Unistone Capital is the manager to the offer.
Rudra Gas receives order of Rs 9.96 cr from HPCL (28-02-2024)
Powered by Capital Market - Live News
Ahasolar Technologies wins work order from Gujarat Urban Development Company (28-02-2024)
Powered by Capital Market - Live News
Exicom Tele-Systems IPO gets subscribed 27.76 times on 2nd day of offer (28-02-2024)
The Initial Public Offering (IPO) of EV charger maker Exicom Tele-Systems Ltd received 27.76 times subscription on the second day of bidding on Wednesday.
The Rs 429 crore-IPO got bids for 50,59,42,200 shares against 1,82,23,540 shares on offer, as per data available with the NSE.
The quota for Retail Individual Investors (RIIs) got subscribed 64.73 times while the portion for non-institutional investors attracted 54.36 times subscription. The category for Qualified Institutional Buyers (QIBs) received 4.48 times subscription.
The IPO got fully subscribed within hours of opening for bidding on Tuesday.
It has a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications.
At present, NextWave Communications holds a 76.55 per cent stake in the company, and HFCL, part of the promoter group, owns a 7.74 per cent ...
Sebi proposes further exemptions of granular disclosures for selected FPIs (28-02-2024)
It is proposed that disclosure exemption will be given only if the composite holding of all such FPIs in the group is less than three per cent of the total equity share capital
Artefact Projects wins consultancy project for Rs 5.50 cr (28-02-2024)
Powered by Capital Market - Live News