Posts in category Business Standard
Gujarat Narmada Valley Fertilizers & Chemicals consolidated net profit declines 70.25% in the December 2023 quarter (08-02-2024)
Sales decline 21.89% to Rs 2088.00 crore
U. Y. Fincorp standalone net profit rises 108.41% in the December 2023 quarter (08-02-2024)
Sales rise 96.34% to Rs 32.75 crore
KCD Industries India standalone net profit rises 19.72% in the December 2023 quarter (08-02-2024)
Sales rise 452.05% to Rs 4.03 crore
Mega Nirman & Industries reports standalone net loss of Rs 0.07 crore in the December 2023 quarter (08-02-2024)
Reported sales nil
Nifty Energy, Pharma: Trading strategies for indices in overbought zone (08-02-2024)
A trade below 37,968 could prompt a stop-loss trigger for bullish positions on the Nifty Energy index, says Ravi Nathani, an independent technical analyst.
Sebi mulls relaxation in timelines for FPIs’ material change disclosures (07-02-2024)
Capital markets regulator Sebi on Wednesday came out with a proposal to relax timelines for disclosure of material changes by Foreign Portfolio Investors (FPIs).
The regulator also suggested a framework for providing flexibility to FPIs in dealing with their securities after expiry of their registration.
In its consultation paper, Sebi proposed categorising material changes notified by FPIs into two groups to set timelines for reporting such changes.
Type I includes changes that require FPIs to seek fresh registration, or which affect any privileges or exemption available to such foreign investors and Type II includes all other material changes.
The regulator has proposed that FPIs should report Type I changes within seven working days and provide supporting documents within 30 days and Type II changes require notification and supporting documents within 30 days.
At present, FPIs get time up to seven working days to submit information to it with regard to any material change in it
Sebi proposes ways for deregistered offshore funds to dispose of securities (07-02-2024)
A discussion paper is the first step taken by the Securities and Exchange Board of India (SEBI) before it finally changes its rules for market entities
Stock markets settle flat in volatile trade ahead of RBI’s rate decision (07-02-2024)
Benchmark stock indices Sensex and Nifty closed flat in a volatile trade on Wednesday as investors stayed on the sidelines ahead of RBI's interest rate decision on Thursday.
The 30-share BSE Sensex declined 34.09 points or 0.05 per cent to settle at 72,152. During the day, it hit a high of 72,559.21 and a low of 71,938.22.
The Nifty ended marginally up by 1.10 points or 0.01 per cent to 21,930.50.
IT shares TCS, Infosys and Tech Mahindra declined due to profit taking offsetting gains from select banking and pharma shares.
"The domestic market exhibited cautious range-bound movement, despite robust PMI data and favourable global cues ahead of RBI policy meet. While no change in stance is anticipated, the RBI's commentary on any hints regarding potential rate cuts and improvements in liquidity will be closely monitored," Vinod Nair, Head of Research, Geojit Financial Services said.
Among the Sensex firms, State Bank of India rose the most by 3.78 per cent after the bank announced th
Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms (07-02-2024)
The current aggregate promoter and promoter group shareholding as on February 7 is 76.50 per cent of the total paid-up equity share capital of the company
Investors subscribe Park Hotels IPO 59.66 times on final day of bidding (07-02-2024)
The initial share sale of Apeejay Surrendra Park Hotels, which runs hotels under the 'The Park' brand, got subscribed 59.66 times on the final day of bidding on Wednesday.
The Rs 920 crore IPO received bids for 2,07,38,23,392 shares against 3,47,61,903 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) garnered 75.14 times subscription while the portion for non-institutional investors subscribed 52.41 times. The category for retail individual investors (RIIs) received 30.35 times the subscription.
The initial share sale of Apeejay Surrendra Park Hotels was fully subscribed on the first day of bidding on Monday.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 600 crore and an offer for sale of up to Rs 320 crore.
The IPO had a price range of Rs 147-155 a share.
Proceeds from the fresh issue would be utilised towards payment of debt and for general corporate purposes.
Apeejay Surrendra Park Hotels Ltd mobilised Rs 409.5 crore from an