Posts in category Business Standard
Rupee, government bond gain post favorable US non-farm payroll data (06-11-2023)
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
Rupee, government bond gain post favorable US non-farm payroll data (06-11-2023)
The central bank had not given any timeline for OMO sales and said it will depend on the ongoing liquidity situation
Accent Microcell files draft papers with NSE Emerge to float public offer (06-11-2023)
Pharma company Accent Microcell on Monday said it has filed draft papers with NSE Emerge to raise funds through an initial public offering (IPO).
The offering consists of a fresh issuance of 56 lakh equity shares with a face value of Rs 10 for each share, the Ahmedabad-based company said in a statement.
Proceeds from the issue will be used to invest in setting up a new plant at Navagam Kheda in Gujarat. It already operates two plants with a total installed capacity of 8,000 metric tonnes per annum.
Out of the total proceeds from the fresh issue, the company proposes to invest Rs 48.39 crore in the current financial year and Rs 6 crore in FY25 towards the establishment of Unit-III.
Accent Microcell manufactures Microcrystalline Cellulose (MCC), which is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent with an extensive range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries.
The firm registered a revenu
Accent Microcell files draft papers with NSE Emerge to float public offer (06-11-2023)
Pharma company Accent Microcell on Monday said it has filed draft papers with NSE Emerge to raise funds through an initial public offering (IPO).
The offering consists of a fresh issuance of 56 lakh equity shares with a face value of Rs 10 for each share, the Ahmedabad-based company said in a statement.
Proceeds from the issue will be used to invest in setting up a new plant at Navagam Kheda in Gujarat. It already operates two plants with a total installed capacity of 8,000 metric tonnes per annum.
Out of the total proceeds from the fresh issue, the company proposes to invest Rs 48.39 crore in the current financial year and Rs 6 crore in FY25 towards the establishment of Unit-III.
Accent Microcell manufactures Microcrystalline Cellulose (MCC), which is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent with an extensive range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries.
The firm registered a revenu
MAN India secures new orders worth Rs 380 cr, shares hit 52-week high (06-11-2023)
MAN Industries (India) Ltd on Monday said it has secured new orders worth Rs 380 crore.
The current order book of the company has reached Rs 1,400 crore, MAN Industries (India) said in a statement. The current order book is to be executed within the next six months, it added.
Shares of the company surged by more than 9 per cent to hit a 52-week high of Rs 256.80 on BSE following the announcement. Around 1.24 lakh shares were traded on the exchange.
On NSE, the stock surged 9.51 per cent to hit a year high of Rs 257.30 as more than 14 lakh shares changed hands on the exchange.
Shares of the company were trading 6.98 per cent higher at Rs 250.75 on BSE and 6.38 per cent higher at Rs 249.95 on NSE in the pre-close session.
MAN Industries (India) Chairman R C Mansukhani said that these new order wins will further solidify the company's role as a significant contributor to the nation's growth and development.
MAN Industries (India) is one of the largest players in LSAW (longitudinal .
RBI’s unpredictability on NDF market makes lenders wary, say bankers (06-11-2023)
Already banks are reducing the size of their books -- from about $25 billion last year to under $1 billion now, in the case of a large public sector bank
Zerodha fixes tech glitch, says affected clients can only exit positions (06-11-2023)
A few days ago, the brokerage platform experienced similar problems with its order book
JSW Infra hits new high, freezes at 10% upper circuit on strong Q2 results (06-11-2023)
The stock hit a new high of Rs 188.75 and was trading at 59 per cent premium over its issue price of Rs 119 on the BSE
Sebi plans for instant settlement of equity trades in non-disruptive manner (06-11-2023)
India transitioned to T+1 settlement, where trades are settled within a day, in January. The Sebi now plans to allow instant settlement by October next year as another option
Cello World makes strong debut, lists at 28% premium over issue price (06-11-2023)
The stock of the houseware company listed at Rs 831, a 28 per cent premium over its issue price of Rs 648 per share on the BSE