Posts in category Business Standard
Nifty PSU Bank, Nifty Private Bank overbought on charts: How to trade? (19-12-2023)
The identified consolidation range for Nifty PSU Bank is between 5,864 and 5,581 and a close above or below this range would serve as a trigger, says Ravi Nathani
First time in 10 years: ETF AUM growth falls behind MF industry in 2023 (18-12-2023)
The last time ETFs trailed the mutual fund industry was in 2013, when the ETF AUM had declined 11 per cent despite the industry's assets growing 9 per cent
SGB tranche III opens for subscription, will be available till Dec 22 (18-12-2023)
Sovereign Gold Bond Scheme was launched by the government in November 2015, under Gold Monetisation Scheme
Sebi streamlines regulations for accredited investor registration (18-12-2023)
The market regulator said that accreditation agencies will be able to grant certification solely based on the Know-Your-Customer (KYC) and financial information of the applicants
IPO Wrap: Inox subscribed 61x, Muthoot Microfin is off to a good start (18-12-2023)
Public issuance of RBZ Jewellers, Happy Forging, and Credo Brands will be open for subscription tomorrow
‘Exceptional’: Nifty likely to end at 21,834 in 2024, says Kotak Securities (18-12-2023)
The brokerage said several factors in the next few months would set the tone for the global and Indian markets in the first half of next year
Sebi likely to relax new disclosure norms around rumour verification (18-12-2023)
Legal experts said that as such disclosures will have a bearing on stock prices there is a need for tweaks in regulations addressing fraudulent trade practices
Sebi likely to relax new disclosure norms around rumour verification (18-12-2023)
Legal experts said that as such disclosures will have a bearing on stock prices there is a need for tweaks in regulations addressing fraudulent trade practices
Innova Captab’s IPO to open on Dec 21: Price band at Rs 426-448 per share (18-12-2023)
Integrated pharmaceutical company Innova Captab on Monday fixed a price band of Rs 426-448 per share for its Rs 570-crore initial public offering (IPO).
The issue will open on December 21, and conclude on December 26, the company said.
The maiden public issue comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of up to 55.80 lakh equity shares by promoters and selling shareholders.
Those selling shares in the OFS are -- Manoj Kumar Lohariwala, Vinay Kumar Lohariwala, and Gian Parkash Aggarwal.
At the upper end of the price band, the IPO is likely to fetch Rs 570 crore.
Proceeds from fresh issuance worth Rs 144.40 crore will be utilised for debt payment, Rs 23.60 crore for investment in the subsidiary UML, and Rs 72 crore for funding working capital requirements. Besides, a portion will be used for general corporate purposes.
Half of the issue has been reserved for qualified institutional buyers, 35 per cent for retail investors and the .
Siemens hits new summit, soars nearly 9% on plans to spin-off energy biz (18-12-2023)
Siemens board has authorized the management to commence exploratory steps as may be required to examine a potential demerger of the energy business.