Posts in category Business Standard
BSE hits life-time high, zooms 13% post revision in F&O turnover charges (23-10-2023)
BSE revised the transaction charges in equity derivatives segment, across slabs, with effect from November 1, 2023.
Ipca Labs surges 7%, hits 52-week high on favourable report from USFDA (23-10-2023)
The company has received voluntary action indicated (VAI) classification from the United States Food and Drug Administration (USFDA) for its Ratlam, Madhya Pradesh manufacturing facility.
Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report (23-10-2023)
As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.
Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Patym (23-10-2023)
Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore
Gold, silver prices unchanged; yellow metal trading at Rs 61,750 per 10g (23-10-2023)
The price of 22-carat gold remained stable, with the yellow metal selling at Rs 56,600.
Stock Market Live: Asian stocks fall, US futures tick higher in mixed cues (23-10-2023)
Stock market live on October 23, 2023: At 7:15 am, the Gift Nifty futures were nearly flat at 19,520 levels
Nifty50 index to consolidate in near-term; Buy Bank Nifty on dips: Nathani (23-10-2023)
Buy the Bank Nifty index either at the current market price of 43,600 or seize the opportunity below this threshold, says Ravi Nathani
Sebi bans individual from securities mkt for flouting regulatory norms (22-10-2023)
Capital markets regulator Sebi has barred an individual from the securities markets for a period of five years as well as slapped a fine of Rs 30 lakh for flouting regulatory norms.
Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with any listed public company or any Sebi-registered intermediary for a period of five years.
Sebi also directed Manghnani to resolve all complaints received through the regulator's SCORES portal within a period of three months.
The order came after the markets watchdog had passed an ex parte order against Manghnani and the latter approached the Securities Appellate Tribunal (SAT), which remanded the matter back to Sebi and directed the regulator to pass a fresh order.
In its order passed on Friday, the regulator found that the noticee (Manghnani) did not cooperate with Sebi during the inspection and deceived its clients by not disclosing the information a
SLMC plans to raise about Rs 700 cr IPO by mid-2024 for business expansion (22-10-2023)
Sohan Lal Commodity Management Pvt Ltd (SLCM) is planning to launch an initial public offering (IPO) in mid-2024 to raise about Rs 700 crore for business expansion, according to people familiar with the matter.
SLCM is in talks with bankers and will seek approval for the IPO plan from the board, the people said, asking not to be identified as the information is private.
It is a niche IPO in the agriculture sector. The company is looking at raising funds for the expansion of its NBFC (non-banking financial company) and warehousing business. The funds will be raised from both primary and secondary markets, they said.
A representative for SLCM couldn't comment immediately.
SLCM's Kissandhan Agri Financial Services Pvt Ltd, established in 2017, has Rs 350 crore of assets under management (AUM) at present and aims to double this in the next 10 years. It has disbursed loans of Rs 2,700 crore so far since inception and aims to reach Rs 5,000 crore-plus by the end of the next fiscal.
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M-cap of 10 valued firms plunge Rs 1.52 trn; Reliance, TCS biggest laggards (22-10-2023)
The combined market valuation of the top 10 valued companies plunged Rs 1,52,979.78 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit in an overall weak trend in equities.
Last week, the BSE benchmark fell 885.12 points or 1.33 per cent.
The market valuation of Reliance Industries plummeted Rs 34,876.78 crore to Rs 15,55,531.53 crore.
The valuation of TCS plunged Rs 27,827.08 crore to Rs 12,78,564.03 crore.
Hindustan Unilever's market valuation eroded by Rs 18,103.6 crore to Rs 5,86,223.02 crore and that of Bajaj Finance fell by Rs 17,171.75 crore to Rs 4,70,574.90 crore.
The market capitalisation (mcap) of ICICI Bank dived Rs 13,518.4 crore to Rs 6,53,120.67 crore and that of ITC dropped Rs 12,533.27 crore to Rs 5,46,537.83 crore.
State Bank of India's valuation declined by Rs 11,512.75 crore to Rs 5,02,678.77 crore and that of HDFC Bank fell by Rs 10,387.09 crore to Rs 11,54,748.49 crore.
The mcap of Bharti Airtel slipped Rs .