Posts in category Business Standard
Government bond yields surge, tracking the rise in US Treasury yields (28-09-2023)
The yield on the benchmark 10-year bond settled at 7.24 per cent, against 7.17 per cent on Wednesday
Dollar pulls back from highest level since Nov, heat still on yen, euro (28-09-2023)
The dollar index, which tracks the unit against six other majors, was down 0.3% on the day at 106.3, though it was still on track for an 11th straight week of gains
Russian oil trading close to $100 defying increasingly redundant G7 cap (28-09-2023)
G-7 officials have been long indicating that they have no intention of revisiting the cap for the time being, despite spot prices surging far above the threshold for Russian exports
Pharma firm Valiant Lab IPO subscribed nearly 71% on second day of bidding (28-09-2023)
The initial public offer (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 71 per cent on day two of subscription on Thursday.
The initial share sale received bids for 54,25,770 shares against 76,23,030 units on offer, as per NSE data.
The category for retail individual investors (RIIs) was subscribed 1.27 times, while the quota for non-institutional investors received 29 per cent subscription. The portion for qualified institutional buyers (QIBs) was subscribed 5 per cent.
The IPO is an entirely fresh issuance of up to 1.08 crore equity shares with no offer-for-sale component.
The price range for the offer is Rs 133-140 a share.
Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd. -- and to meet the working capital requirements of the subsidiary company.
Valiant Laboratories is an active pharmaceutical ingredient or bul
New investor registrations on NSE hits 10 million mark in last 8 months (28-09-2023)
Leading stock exchange NSE on Thursday said the number of new investor registrations reached 1 crore mark on its platform in the last eight months, taking the total to over 8 crore.
These new investor registrations are not restricted to top-tier cities and cities beyond top 100 accounted for 45 per cent of new investor registrations, the National Stock Exchange (NSE) said in a statement.
"The eight crore unique PAN investors correspond approximately to around 5 crore unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via the NSE's extensive nationwide network of trading members," it said.
Total number of unique client code accounts registered with the exchange was at 14.9 crore -- clients could register with more than one trading member and included all registrations done to date.
In terms of regions, states from northern part of India accounted for 43 per cent
towards the last 1 crore new investor registrations, ...
India’s unique investor counts top 80 million for the first time: NSE data (28-09-2023)
NSE says 17% of Indian household now invest directly in stocks
Infosys receives Rs 26.5 lakh IGST demand; IHC to sell stake in Adani units (28-09-2023)
Shares of Yatra Online finished below their IPO price during their trading debut on Thursday
Markets hit 4-week lows on FPI selloff; Sensex ends 610 points lower (28-09-2023)
Overseas funds have stepped up the selling pressure following the US Federal Reserve's indication that interest rates will stay higher for longer
Sebi renews licences of NSE Clearing, Indian Clearing Corp for three years (28-09-2023)
Capital market regulator Sebi has renewed the licences of NSE Clearing Ltd and Indian Clearing Corporation Ltd for three years.
The three-year licence will be valid till October 2, 2026, according to two separate gazette notifications issued on Wednesday.
NSE Clearing Ltd is a wholly-owned subsidiary of the National Stock Exchange (NSE) and Indian Clearing Corporation Ltd (ICCL) is an arm of BSE.
While considering the applications for renewal of recognition by NSE Clearing and ICCL, Sebi said it would be in the interest of the trade, in the interest of securities market and also in the public interest to do so.
The watchdog has renewed their recognition to function as clearing corporations "for three years commencing on October 3, 2023 and ending on October 2, 2026".
NSE Clearing and ICCL are responsible for clearing and settlement of all trades executed on NSE and BSE, respectively, as well as carry out deposit and collateral management, and risk management functions.
Tight supply, inflation concerns keep crude oil investors on fence (28-09-2023)
By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. The November contract expires on Friday