Posts in category Business Standard
NSE SME IPO Esconet Technologies subscribed 6.11 times (16-02-2024)
The offer received bids for 2.05 crore shares as against 33.60 lakh shares on offer.
INR Edges Higher On Positive Cues From Local Equities (16-02-2024)
The Indian rupee rose 4 paise to settle at 83.01 (provisional) against the US dollar on Friday, amid positive sentiment in the domestic equity markets and softening crude oil prices. The benchmark S&P BSE Sensex ended the session up 376.26 points, or 0.52 percent, at 72,426.64, mirroring gains in the global markets. The broader NSE Nifty index settled 129.95 points, or 0.59 percent, higher at 22,040.70, with auto stocks leading the surge. Meanwhile, a strong American currency and outflow of foreign funds capped a sharp gain in the domestic currency. The dollar index continues to hover above 104 mark although it rebounded from overnight sharp drop. At the interbank foreign exchange market, the local unit opened at 83.03 and touched the intraday high of 83.00 against the greenback.
Zydus Life hits record high on USFDA nod for chest pain prevention drug (16-02-2024)
Zydus Lifesciences added 1.38% to Rs 891.60 after it received final approval from US Food & Drug Administration (USFDA) for manufacturing and marketing of Isosorbide Mononitrate extended-release tablets.
Nifty February futures trade at premium (16-02-2024)
HDFC Bank, SBI and M&M were the top traded contracts.
Euro Steadying Below $1.08 Mark; ECB’s Isabel Cautions Not To Adjust Policy Stance Prematurely (16-02-2024)
The euro is seen steadying on Friday following European Central Bank (ECB) executive board member Isabel Schnabel comments that we must be cautious not to adjust policy stance prematurely. Monetary policy needs to remain restrictive until we can be confident that inflation will sustainably return to our medium-term target, she added. Euro is staying slightly short of reclaiming $1.08 mark but coming off three-month lows touched during the week. EURUSD is currently trading at $1.0779, down marginally on the day. The Dollar coming off recent peaks following weaker than expected US retail sales data capped downside in the single common currency. The dollar index that measures the greenback against a basket of currencies recovered some lost ground and was trading at 104.27 today after having fallen over half a percent yesterday. The 10-year benchmark treasury yields also dipped to around 4.22%.
Quick Wrap: Nifty Auto Index records a surge of 2.21% (16-02-2024)
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Market advances for 4th day; Nifty settles above 22,000 level (16-02-2024)
As per provisional closing data, the S&P BSE Sensex gained 376.26 points or 0.52% to 72,426.64. The Nifty 50 index added 129.95 points or 0.59% to 22,040.70.
GPT Healthcare’s IPO to open on February 22, PE firm BanyanTree to exit (16-02-2024)
The Initial Public Offering (IPO) GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, is set to open on February 22.
The initial-share-sale is scheduled to conclude on February 26.
The bidding for anchor investors will open for a day on February 21, according to the Red Herring Prospectus (RHP).
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore, and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II.
BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company.
Proceeds from the fresh issue will be used for payment of debt and general corporate purposes.
GPT Healthcare, which started with an eight-bed hospital in Kolkata in 2000, operates four full-service multi-specialty hospitals, with a total capacity of 561 beds.
The company competes
Lupin gets USFDA nod for pregnancy prevention drug (16-02-2024)
Lupin informed that it has received an approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Minzoya (Levonorgestrel and Ethinyl Estradiol tablets, and Ferrous Bisglycinate tablets).
Ddev Plastiks Industries installs 1 MW solar power panels (16-02-2024)
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