According to the exchange data, the retail investor portion of the issue was subscribed 4.27 times. The qualified institutional buyers’ portion was booked 12.56 times
Posts in category Business Standard
Wipro appoints Sanjeev Jain as Chief Operating Officer (17-05-2024)
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Bajaj Finserv MF adds to variety in multi-asset allocation category (17-05-2024)
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Remsons-Uni Autonics wins order worth Rs 30 cr (17-05-2024)
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Silver trades at record high for 2nd day in Delhi; gold declines Rs 150 (17-05-2024)
Extending the record-breaking run to the second day in a row, silver prices hit lifetime high level of Rs 89,000 in the local market on Friday, even as gold prices fell Rs 150 to Rs 73,900 per 10 grams in line with firm trends in the overseas markets.
According to HDFC Securities, silver prices jumped Rs 300 to Rs 89,000 per kg in the national capital. It had closed at Rs 88,700 per kg in the previous session.
Meanwhile, gold prices declined Rs 150 to Rs 73,900 per 10 grams. In the previous session, it had settled at Rs 74,050.
“Gold prices retreated on Friday as the US dollar and US Treasury yields recovered from multi-week lows. The US dollar index is currently quoting higher by 0.22 per cent against the previous close.
“Traders reassessed the future path of interest rates, leading to a recovery in the US dollar and yields, following the US Fed’s policymakers’ emphasis on the need for US inflation to decrease further to justify lower borrowing costs and indicating that borrowing
Sebi proposes facilitating investments by mutual funds in overseas funds (17-05-2024)
Capital markets regulator Sebi on Friday proposed facilitating investments by mutual funds in overseas funds, which invest certain portion of their assets in Indian securities.
This is subject to the fact that the total exposure to Indian securities by such overseas funds should not be more than 20 per cent of their net assets, Sebi said in its consultation paper.
The move would help keep Indian fund of funds (FoFs) true to their label, coupled with cost effectiveness, for investors.
Considering strong economic growth prospects of India, the country’s securities offer an attractive investment opportunity for foreign funds and accordingly, various international indices, exchange traded funds (ETFs), mutual funds (MFs), unit trusts (UTs) allocate a portion of their assets to Indian securities, Sebi noted.
As of April 30, 2024, the MSCI Emerging Markets Index has a little over 18 per cent weight to Indian securities. Similarly, JP Morgan’s Emerging Markets Opportunities Fund’ holds .
Vivid Global Industries standalone net profit rises 150.00% in the March 2024 quarter (17-05-2024)
Sales rise 8.51% to Rs 9.95 crore
Udaipur Cement Works standalone net profit rises 17.17% in the March 2024 quarter (17-05-2024)
Sales rise 18.23% to Rs 348.35 crore
Gita Renewable Energy reports standalone net profit of Rs 0.10 crore in the March 2024 quarter (17-05-2024)
Sales decline 33.33% to Rs 0.02 crore
Shalimar Paints reports consolidated net loss of Rs 26.42 crore in the March 2024 quarter (17-05-2024)
Sales rise 6.58% to Rs 144.26 crore