Posts in category Business Standard
Gold falls by Rs 320, silver down by Rs 1,200, trading at Rs 74,100 per kg (02-11-2023)
The price of 22-carat gold declined to Rs 300, with the yellow metal selling at Rs 56,400
Nifty Metal index looks weak on charts; Oil & Gas seems range-bound (02-11-2023)
Ravi Nathani, an independent technical analyst, recommends initiating short positions on rise on the Nifty metal index with a stop at 6,550.
Stock Market Live: Sensex up 400 pts; Voda Idea, Delta Corp jump 6% (02-11-2023)
Stock market Update on Thursday, November 02: In the broader market, the BSE MidCap and SmallCap indices rallied over 1% each. Sectorally, IT, Consumer Durables and Realty indices were up over 1% each
NSE equity cash, derivatives segment turnover sees first fall in 12 months (01-11-2023)
During the month, the benchmark Nifty came off by as much as 5 per cent as FPIs accelerated their selloff with the 10-year US Treasury yields breaching 5 per cent
Cello World subscribed 38.9x; Protean eGov’s Rs 490 crore IPO to open Nov 6 (01-11-2023)
Shares of Blue Jet Healthcare finished over 14 per cent higher during their trading debut
Sharpline Broadcast case: Sebi modifies order against 15 individuals (01-11-2023)
Capital market regulator Sebi on Wednesday modified its order passed against 15 individuals in a case of manipulation of share prices of Sharpline Broadcast Ltd through uploading misleading videos on YouTube channels.
In March this year, the regulator barred 24 entities from the securities market for manipulating the share prices of two companies through misleading videos on YouTube channels.
Passing a 77-page confirmatory order with some modifications, Sebi restrained 15 individuals from dealing in the scrip of Sharpline during the pendency of the investigation.
"I, hereby confirm the directions issued vide the Interim Order dated March 02, 2023 read with Confirmatory Order dated July 11, 2023, subject to the following modifications, the noticees are restrained from dealing in the scrip of Sharpline during the pendency of the investigation," Sebi's whole time member Ananth Narayan G said in the order on Wednesday.
The watchdog noted that the liability for the illegal gain made by
NSE consolidated net profit surges 13% to Rs 1,999 crore in Sept quarter (01-11-2023)
Benchmark Nifty closed below the 19,000-mark once again as overseas funds continued to keep their foot on the selling pedal
Sebi simplifies offer documents of mutual fund schemes for investors (01-11-2023)
To boost ease of preparation of the Scheme Information Document (SID) by mutual funds and increase its readability for investors, markets regulator Sebi on Wednesday simplified and rationalised the format of offer documents.
The revamped format is aimed at streamlining the dissemination of relevant information to investors, rationalising the preparation of SID and facilitating its periodic updation by mutual funds.
The updated format will implemented with effect from April 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular.
The decision to revamp the format of SID was based on the suggestions of industry body AMFI and the recommendations of Sebi's Mutual Fund Advisory Committee.
To give effect to the revisions in the SID, the regulator has modified several provisions.
Under the modification, the scheme's portfolio holdings -- top 10 holdings by the issuer and fund allocation toward various sectors -- will be disclosed by way of a functional web link whe
Neogen Chemicals to raise Rs 253 cr through issue of preferential shares (01-11-2023)
Neogen Chemicals will raise Rs 253 crore through an issue of preferential shares to investors to expand business.
In a regulatory filing on Wednesday, the company informed that the Board of Directors considered and approved the allotment of 14,42,358 equity shares of face value of Rs 10 each at a price of Rs 1754.07 per share, aggregating up to Rs 252.99 crore on a preferential basis.
SBI Large and Midcap Fund, SBI Contra Fund, SBI Equity Savings Fund, Quant Small Cap Fund, TATA India Tax Saving Fund, India Acorn Fund Ltd, Ashoka India Equity Investment Trust PLC, Invesco India Small Cap Fund and Alchemy Long term Ventures Fund have been allotted these preference shares.
The equity shares allotted by the company to these investors will be listed on the stock exchanges.
"The company is in the business of manufacturing specialty Chemicals. The Company anticipates growth opportunities in its existing organic/ inorganic business and continues to evaluate various avenues for growth and
Crude oil rises over 2% of US Fed meet as West Asia conflict rages (01-11-2023)
Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT. U.S. West Texas Intermediate crude futures gained roughly 2.8%, or $2.24, to $83.26 a barrel