Posts in category Business Standard
Nifty Auto, IT indices range-bound on charts; Key levels to watch out for (25-01-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen oscillating between 37,930 and 36,136 trading range.
IPO-bound S K Finance raises Rs 1,328 crore capital from investors (24-01-2024)
Vehicle finance and business loans-focused non-bank lender S K Finance has raised Rs 1,328 crore from investors.
Motilal Oswal Private Equity has pumped in Rs 415 crore for a minority stake in the 1994-incorporated, Jaipur-based company, as per a statement.
Existing shareholders Norwest Venture Partners, TPG Growth, Baring Private Equity India, and new investors Duro Capital, Axis Alternatives, Ananta Capital, and Mirae Asset Venture Investments were among the other investors in the round, it said.
The company has grown at a rate of 40 per cent annually on a compounded basis over the last six years till FY23, as per the statement.
The latest fund infusion includes both fresh issue of shares and also secondary capital, it said.
IEA will expedite 2025 oil demand forecast after Opec’s early move (24-01-2024)
OPEC believes oil use will keep rising over the next two decades, while the IEA, which represents industrialised countries, predicts it will peak by 2030
Multi-Commodity Exchange of India starts process of offering DMA to FPIs (24-01-2024)
The DMA facility allows brokers to provide direct trading terminals to their clients. "All DMA orders shall be routed to the exchange trading system through the broker's trading system," MCX said
Sensex surges 690 points to reclaim 71K peak, equity benchmarks rebound 1% (24-01-2024)
Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks.
Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31. The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60.
The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95.
Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent.
IndusInd Bank and PowerGrid closed with a gain of 3,60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others.
On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent.
A tot
Crude oil rises towards $80 as China announces economic stimulus package (24-01-2024)
The front-month March contract for Brent crude was up 40 cents to $79.95 a barrel at 1410 GMT. U.S. West Texas Intermediate crude was up 57 cents to $74.94 a barrel
One year of Hindenburg: Adani group up, recouping market cap losses (24-01-2024)
The Securities and Exchange Board of India (Sebi) continues to investigate allegations made by Hindenburg against the group. It has concluded 22 of the 24 investigations
Alpex Solar files preliminary papers with sebi to raise Rs 75 cr via IPO (24-01-2024)
Solar energy solutions provider Alpex Solar on Wednesday said it has filed preliminary papers with SEBI to raise Rs 75 crore through an initial public offering.
The offer comprises fresh issuance of 64,80,000 equity shares with a face value of Rs 10 each, a company statement said.
Alpex Solar has filed its Draft Red Herring Prospectus (DRHP) for the IPO and shares will be listed with NSE Emerge. The company intends to raise around Rs 75 crore through the IPO, it stated.
It will utilise net proceeds from the IPO to upgrade and expand its existing solar module manufacturing facility from 450 MW to 1.2 GW under the Aatmanirbhar Bharat initiative, besides setting up a new manufacturing unit for its solar module's aluminium frame.
The funds will also be used to meet its working capital requirements and for general corporate expenses.
Corporate Capital Ventures has been appointed as the book running lead manager to the issue and Skyline Financial Services is the registrar.
Alpex Solar
Mutual fund SIP investors step up redemption amid sharp market rally (24-01-2024)
Industry experts say timing the market goes against principle of SIP investing; gross outflows crossed Rs 11K cr in December 2023
Gold prices firms on softer dollar as market await US economic data (24-01-2024)
Spot gold edged up 0.2% to $2,032.88 per ounce by 12:50 GMT. U.S. gold futures rose 0.42% to $2,034.30