Posts in category Business Standard
Gold price dips Rs 110 to Rs 63,330, silver falls Rs 300 to Rs 76,500 (17-01-2024)
The price of 22-carat gold slipped Rs 100, with the yellow metal selling at Rs 58,050
Nifty IT seen weak on charts, Nifty Auto rangebound: Check trading strategy (17-01-2024)
Adding to the cautionary signals, the RSI in Nifty IT index has recently broken below the 70 mark, reaching a reading of 66.27, said Ravi Nathani
Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM (17-01-2024)
Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point
Bank Nifty to see bullish moves above 48,400; MOIL, KPIL top buy calls (17-01-2024)
Bank Nifty ended the previous session with "Doji" candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani
Stock market LIVE: Sensex slumps 1100 pts, Nifty below 21,700 in pre-open (17-01-2024)
Stock market LIVE updates on January 17, 2024: Gift Nifty futures were down 150 pts at 21,860; China Q4 GDP grew 5.2 per cent YoY, slightly missing estimates. Hang Seng in Hong Kong sank 2.7 per cent
Angel One shares tank after weak Q3; Jio Financial down nearly 7% (16-01-2024)
Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company's market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms
GSPC, IGX to set up global hydrogen trading mechanism at GIFT IFSC (16-01-2024)
The International Financial Services Centre (IFSC) at GIFT City in Gandhinagar on Tuesday announced a strategic collaboration with the Indian Gas Exchange (IGX) and state-owned Gujarat State Petroleum Corporation (GSPC) to set up a global hydrogen trading mechanism.
"A key aspect of this collaboration is the subsequent launch of the Global Hydrogen Price Index, a benchmark that will play a pivotal role in price discovery and market information on the burgeoning green hydrogen market in India," the Gujarat International Finance Tec-City (GIFT City) said in a release.
The mechanism is expected to enhance transparency, boost investor confidence, and facilitate the growth of the green hydrogen market on a global scale, it said.
GSPC jointly with IGX will develop a mechanism to create an index for hydrogen and attract global institutions to trade in GIFT IFSC, the release said.
GIFT City SEZ is a notified IFSC in India with banking, insurance, capital markets, asset management, and FinT
Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC (16-01-2024)
The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023
Mutual fund distributor sops come under market regulator Sebi’s radar (16-01-2024)
Amfi writes to AMCs for second time in 10 months, asks them to withdraw such programmes
EPACK Durable sets Rs 218-230 price band for IPO worth Rs 640 crore (16-01-2024)
EAPCK Durable, the second-largest outsourced design manufacturer of room air-conditioners, on Tuesday fixed a price band of Rs 218-230 per share for its Rs 640 crore initial public offering.
The share sale, which opens on January 19, comprises Rs 400 crore of fresh issue and a Rs 240-crore offer for sale by promoters, promoter group members, and existing shareholders who collectively be offloading 1.3 crore shares.
Pre-issue, promoters own 67 per cent of the company.
Two investor shareholders India Advantage Fund S4 I and Dynamic India Fund S4 US1, which are owned by ICICI Ventures, will be offloading a third of their total 20 per cent holding in the company, Bajrang Bothra, the chairman of the company told PTI here.
Ajay Singhania, the managing director & chief executive, said ICICI Ventures entered the company in September 2021 with a Rs 160 crore funding for around 20 per cent stake.
The company also has another external investor in Affirma Capital, which in September 2022 ...