Posts in category Business Standard
Board of Paisalo Digital to consider fund raising (19-02-2024)
On 22 February 2024
Sensex climbs 282 pts, Nifty hits record high, VIX above 16 mark (19-02-2024)
The domestic stock market extended its winning streak for the fifth consecutive session on Monday, with the Nifty achieving a new all-time high of 22,186.65 before closing near the day's peak. Initially experiencing fluctuations due to mixed global cues, the market ultimately benefited from robust buying in several sectoral indices and heavyweight stocks, concluding the day on a positive note. Consumer durables, pharma and FMCG shares were in demand, while realty, PSU banks, IT stocks declined.
Sensex, Nifty end with modest gains; consumer durables index gains (19-02-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 281.52 points or 0.39% to 72,708.16. The Nifty 50 index added 81.55 points or 0.37% to 22,122.25.
Nifty February futures trade at premium (19-02-2024)
NSE India VIX climbed 5.22% to 16.02.
Quick Wrap: Nifty Pharma Index records a surge of 0.88% (19-02-2024)
Powered by Capital Market - Live News
Market rallies for 5th day; Nifty hits fresh life high; VIX climbs 5.22% (19-02-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, advanced 281.52 points or 0.39% to 72,708.16. The Nifty 50 index added 81.55 points or 0.37% to 22,122.25.
Silver futures decline to Rs 71,543 per kg as traders reduce bets (19-02-2024)
Silver prices on Monday fell Rs 569 to Rs 71,543 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 569 or 0.79 per cent to Rs 71,543 per kg in a business turnover of 21,616 lots.
Globally, silver was trading 1.28 per cent lower at USD 23.18 per ounce in New York.
AVG Logistics partially divests its stake in JV NDR AVG Business Park (19-02-2024)
AVG Logistics is partially liquidating its investment from existing Joint venture NDR AVG Business Park which was a prime warehouse project in New Delhi.
Remsons Inds hits the roof on forming JV with Daiichi (19-02-2024)
Remsons Industries was locked in an upper circuit of 5% at Rs 942.45 after the firm announced the establishment of a 50:50 joint venture (JV) with Daiichi to redefine the landscape of automotive electronics.
Tolins Tyres files draft papers with Sebi to raise Rs 230 cr through IPO (19-02-2024)
Tolins Tyres Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 230 crore through an initial public offering (IPO).
The Kerala-based company's initial share-sale is a combination of fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore, according to the draft red herring prospectus (DRHP) filed on Friday.
Promoters -- Kalamparambil Varkey Tolin and Jerin Tolin-- will offload shares worth Rs 15 crore each through the OFS route. They own 83.31 per cent stake in the company at present.
The company may consider raising Rs 25 crore in a Pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment long-term working capital requirements of the company and Rs 62.55 crore for payment of debt. Further, Rs 24.36 crore will be used for investment in the company's subsidiary, Tolin Rubbers Privat