The Nifty Bank index is on the brink of a potential breakout, with stiff resistance at 52,580, while, the Nifty Financial Services index is currently exhibiting a bullish trend
Posts in category Business Standard
Kotak MF launches Transportation & Logistics Fund; HDFC MF unveils new fund (25-11-2024)
HDFC Mutual Fund has launched the HDFC Nifty India Digital Index Fund, an open-ended scheme tracking the Nifty India Digital Index
Foreign investors turn net buyers of Indian stocks after record selling run (25-11-2024)
The benchmarks rallied on Monday, after the ruling Bharatiya Janata Party (BJP) secured a decisive victory in the elections of the country’s richest state, Maharashtra
Property Share files offer document for Rs 353 crore IPO of its SM Reit (25-11-2024)
Property Share Investment Trust (PSIT) is India’s first registered small and medium real estate investment trust (SM Reit)
Sensex reclaims 80k mark; Maha poll results, MSCI buying underscore gains (25-11-2024)
Experts said the institutional flows on Monday was largely a one-off event due to MSCI buying and selling and not a change in trend
Wipro appoints Omkar Nisal as CEO-Europe Strategic Market Unit (25-11-2024)
Wipro announced Omkar Nisal’s appointment as the Chief Executive Officer, Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London.
L T Foods opens new office in Riyadh (25-11-2024)
L T Foods announced its official entry into Saudi Arabia with the inauguration of a new office in Riyadh, to tap the U.S. $ 2 billion rice and rice based food market in Kingdom of Saudi Arabia (KSA).
KRN Heat Exchanger invests Rs 235.76 cr in KRN HVAC Products (25-11-2024)
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Kalpataru, Unimech Aerospace get Sebi’s nod to raise funds through IPOs (25-11-2024)
Real estate firm Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd have received Sebi’s go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday.
Kalpataru and Unimech Aerospace are aiming to raise Rs 1,590 crore and Rs 500 crore, respectively, through their initial share sale offers.
The two companies, which filed their preliminary papers with the markets regulator in August, obtained observations during November 21-22, the update showed.
In Sebi’s parlance, obtaining the observations means its go-ahead to launch the public issues.
According to the draft papers, Mumbai-based Kalpataru’s IPO comprises a fresh issue of shares aggregating up to Rs 1,590 crore.
It would use Rs 1,192.5 crore for payment of debt.
Kalpataru Ltd is part of the Kalpataru group. Other companies in the group are Kalpataru Projects International Ltd, Property Solutions (India) and Shree Shubham Logistics Ltd.
Bengaluru-based Unimech …
Muthoot Microfin announces co-lending partnership with State Bank of India (25-11-2024)
Muthoot Microfin has initiated loan disbursals under its co-lending partnership with the State Bank of India (SBI), the country’s largest lender. Under this collaboration, SBI has sanctioned Asset creation cap of Rs 500 crore, to be disbursed in tranches of Rs 100 crore. Loans ranging from Rs 50,000 to Rs 3 lakhs will be extended to identified and eligible customers, focusing primarily on members of Joint Liability Groups (JLGs) engaged in agricultural and allied activities, as well as other income-generating ventures.