Foreign portfolio investor (FPI) sold shares worth Rs 945 crore on Friday
Posts in category Business Standard
Sebi tweaks framework for price band formulation in derivatives segment (24-05-2024)
The regulator has enhanced the number of trades, unique client codes, and trading members for ‘flexing’ of price bands. Flexing is changing the price band towards the direction of the trade
Sebi action on fantasy games operating on real-time stock market data (24-05-2024)
At least once in a financial year the list of activities and entities using this data will have to be reviewed by the board of MIIs
Aditya Birla Group’s market capitalisation crosses $100 billion milestone (24-05-2024)
The combined market capitalisation of the Aditya Birla Group firms has crossed the USD 100 billion mark (Rs 8,51,460.25 crore) on Friday.
The group firms — UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka and Pilani Investment — have a combined market valuation of Rs 8,51,460.25 crore on the BSE.
“The group’s market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame,” a statement from the group said.
ABG’s market cap accretion has been double that of the S&P even in US dollar terms across one-year and three-year time horizons, it added.
Grasim has seen its market cap double to over USD 19 billion in the last 3 years on the back of incubating and scaling new high-growth engines, the statement said.
It further said that Hindalco’s market cap has .
Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade (24-05-2024)
The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest
TVS Motor launches TVS HLX 125 with 5-Gears in Tanzania (24-05-2024)
Enhanced features in this variant include battery-saving headlamps for improved visibility, a convenient flat footrest, durable tubeless tyres with 18-inch alloy rear wheel and an increased wheelbase for comfortable maneuverability and better stability. Moreover, the vehicle warranty gets extended to 50,000 KM/ 18 months for this variant in Tanzania. The TVS HLX 125 with 5-gears comes with new graphics and a choice of three colours black, red and blue – with stylish black-themed alloy wheels and rim tape.
Sebi mandates 10-minute video disclosure for companies launching IPOs (24-05-2024)
“The content of the AV must be factual, non-repetitive, non-promotional and shall not be misleading in any manner,” said Sebi
Singer India launches new 3-in-1 wi-fi enabled sewing machine (24-05-2024)
SE9185 boasts of mySewnet mobile app, which allows for monitoring of designs, receiving updates on progress and even thread levels. The machine features a 7-inch touchscreen and with Wi-Fi connectivity, users can access 250 built-in stitches, four sewing fonts, and seven types of one-step buttonholes. The machine resume designs in case of a power outage. It includes multiple built-in designs, featuring interesting
and new patterns such as birds, tigers, bees, cameras, heels, margaritas, paws, and lipsticks.
Tata Steel receives NCLT approval for scheme of amalgamation (24-05-2024)
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Board of Bosch approves sale of its OR/ OES Diagnosis Biz (24-05-2024)
At meeting held on 24 May 2024