Posts in category Business Standard
Tata Tech’s Rs 3,042.5-cr IPO subscribed 69.43 times on final day of offer (24-11-2023)
The Rs 3,042.5 crore initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers.
This is the first company from the Tata Group to float an initial public offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.
The initial share sale received bids for 3,12,64,91,040 shares against 4,50,29,207 shares on offer, as per NSE data.
The category for qualified institutional buyers (QIBs) was subscribed a mammoth 203.41 times, while the part meant for non-institutional investors attracted 62.11 times subscription. The quota for retail individual investors (RIIs) was subscribed 16.50 times.
The IPO of Tata Technologies was fully subscribed within minutes of opening for bidding on Wednesday.
Tata Technologies, an arm of Tata Motors, on Tuesday said it has collected
Sebi proposes flexibility in framework of trading plans under insider rules (24-11-2023)
Capital markets regulator Sebi on Friday came out with a proposal to provide flexibility in adopting trading plans by persons, who are perpetually in possession of unpublished price sensitive information.
Under the rule, 'Trading Plans' (TP) enable persons like senior management or Key Managerial Personnel (KMP), who are perpetually in possession of Unpublished Price Sensitive Information (UPSI), to trade in securities in a compliant manner.
"Since the introduction of trading plans in 2015, data and market feedback suggest that the current regulatory requirements in respect of trading plans are onerous and consequently, trading plans are not very popular," Sebi said in its consultation paper.
Accordingly, Sebi constituted a working group that was mandated to review provisions of TP under the insider trading rules.
As per the consultation paper, the working group has recommended that a minimum cool-off period between disclosure of TP and implementation of TP should be reduced to fou
What Sebi intends to do to protect investors from volatility in market: SC (24-11-2023)
The Supreme Court on Friday asked the Securities and Exchange Board of India (SEBI) what the capital markets regulator intends to do for ensuring the protection of investors from extreme volatility in the stock market.
While hearing a batch of pleas concerning the Adani-Hindenburg row, a bench headed by Chief Justice D Y Chandrachud observed one of the principal reasons which led the apex court to intervene in these petitions was the extreme volatility of stock market.
"Now what does SEBI intend to do to protect this kind of volatility... which leads to a loss of investor value," the bench, also comprising justices J B Pardiwala and Manoj Misra, asked Solicitor General Tushar Mehta, who was representing the SEBI.
"Has SEBI looked at whether it is necessary to tighten the regulations. What is SEBI intending to do in terms of ensuring the protection of investors," the bench said.
"We must," Mehta said.
The bench said SEBI has to take steps to ensure that instances of loss of investo
Crypto wrap: Market recovers after Binance CEO Changpeng Zhao’s resignation (24-11-2023)
The market also showed optimism as many believe the settlement of the Binance case has now cleared the decks for the US SEC to finally approve a spot bitcoin ETF
Man arrested from Kerala for ‘threatening to blow up Mumbai airport’ (24-11-2023)
A Kerala resident was arrested by the Maharashtra Anti-Terrorism Squad (ATS) on Friday for allegedly
threatening to blow up the Chhatrapati Shivaji Maharaj International Airport here if he was not paid "one million US dollars in Bitcoin", an official said.
The ATS started probe after the Mumbai International Airport Limited, which operates the airport, received a threatening email in its feedback inbox at 11.06 am on Thursday, the police official said.
"This is a final warning to your airport. We will blast Terminal 2 in 48 hours unless one million US dollars in Bitcoin is transferred to the address. Another alert will be after 24 Hrs," the email read.
A First Information Report (FIR) was registered under Indian Penal Code sections 385 (putting a person in fear of injury in order to commit extortion) and 505 (1) (b) (statements made with intent to cause fear or alarm to the public or against the public tranquillity) at the Sahar police station.
The ATS cyber cell, which started a
What are cryptocurrency exchanges and how do they work? All details here (24-11-2023)
The crypto market is expected to reach $4.94 billion by 2030, and there is an estimated more than 600 crypto exchanges worldwide
Himatsingka Seide soars 8% to hit fresh 52-week high on stable outlook (24-11-2023)
HSL's operating margin will stabilize at 18-22 per cent this fiscal year, compared to 12.8 per cent in fiscal 2023, aided by better capacity utilisation and easing of cotton prices, said CRISIL
Market share gains, margins and store network expansion to support Titan (24-11-2023)
The company delivered a better than expected performance in Q2FY24 on the back of healthy revenue growth and expansion in operating profit margins
Stocks to Watch: TCS, JSW Steel, NMDC, PFC, ONGC, HPCL, LTIMindtree, Apar (24-11-2023)
Stocks to Watch on November 24, 2023: TCS will turn ex-buyback today; govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp
Stocks to Watch: TCS, JSW Steel, NMDC, PFC, ONGC, HPCL, LTIMindtree, Apar (24-11-2023)
Stocks to Watch on November 24, 2023: TCS will turn ex-buyback today; govt plans to ask ONGC to consider launching a rights issue to help fund green projects at refining arm Hindustan Petroleum Corp