Posts in category Business Standard
Gold price rises Rs 330 to Rs 61,090, silver jumps Rs 800 to Rs 74,000 (11-11-2023)
The price of 22-carat gold rose Rs 300, with the yellow metal selling at Rs 56,000
First sovereign green bond of FY24 sails through amid thin greenium (10-11-2023)
The yield on the 5-year government bond closed the day at 7.27 per cent.
Indices hit new highs in Samvat 2079; Nifty jumps 10.5%, Sensex up 9.4% (10-11-2023)
But rising US bond yields cap gains
Samvat 2079: Bond yields soften, rupee stable despite falling to fresh lows (10-11-2023)
Domestic bond yields were relatively less volatile compared to the US treasury bond yields, as the market was driven by investors rather than traders
Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 cr (10-11-2023)
Peak XV Partners (formerly Sequoia Capital India & SEA) on Friday divested a 1.5 per cent stake in Aptus Value Housing Finance India for over Rs 213 crore through open market transactions.
Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange (NSE).
According to the block deal data available with the NSE, Peak XV Partners Investments VI offloaded 74,35,937 shares, amounting to a 1.5 per cent stake in Aptus Value Housing Finance India.
These shares were sold at an average price of Rs 287 apiece, taking the transaction value to Rs 213.41 crore.
After the transaction, Peak XV Partners shareholding in the company has declined to 1.11 per cent from 2.61 per cent.
Meanwhile, SBI Mutual Fund picked up 60 lakh shares and Blue Diamond Properties Pvt Ltd acquired more than 14.35 lakh shares, amounting to a 1.2 per cent and 0.3 per cent stake, respectively, in Aptus Value ..
Forex trade impacted by platform outage; RBI asks for root cause analysis (10-11-2023)
Trading in the forex market was impacted on Friday as one of the platforms suffered an outage.
One of the electronic trading platforms suffered an outage around midday during the trading hours due to which players were unable to log into the system, according to sources.
Orders dried up as a result of this, they said, adding that this created a heightened uncertainty in the forex market, causing excess volatility in the Indian rupee, which was avoidable.
According to market participants, the Rupee, which has been range-bound around 83.30 to the dollar for many weeks lost some ground as a result of the volatility, depreciating till 83.50 intra-day before closing at 83.34 at the end of the trading session.
A source said the Reserve Bank of India has asked the platform to undertake a "root cause analysis" and "ascertain whether it was a system failure or human error that led to the disruption" on the platform.
The RBI has also sought an explanation from the platform to understand the
ESAF Small Finance Bank shares gain 15% during stock market debut (10-11-2023)
The company's initial public offering (IPO) had seen demand 73 times more than the shares on offer
Hindustan Aeronautics hits new peak, up 4% on signing pact with Airbus (10-11-2023)
HALand Airbus have signed a contract for establishing Repair and Overhaul (MRO) facilities for A-320 family of aircrafts.
ESAF Small Finance Bank makes strong debut, lists at 20% premium (10-11-2023)
At 10:01 AM, ESAF SFB was quoting at Rs 73.65, 23 per cent higher over its issue price of Rs 60
Campus Activewear tanks 10%; hits new low on weak Q2 results (10-11-2023)
The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction, the management said.