Posts in category Business Standard
Muthoot Microfin, Flair Writing, Happy Forgings get Sebi’s nod for IPOs (30-10-2023)
Three companies -- Muthoot Microfin, Flair Writing Industries, and Happy Forgings -- have received capital market regulator Sebi's approval to raise funds through initial public offerings (IPOs).
The three companies, which filed their respective preliminary IPO papers with Sebi during July and August, obtained the regulator's observation letters on October 23-27, an update with the markets watchdog showed on Monday.
In Sebi's parlance, obtaining an observation letter means it is the go-ahead to launch the public issue.
Shares of these companies are proposed to be listed on the NSE and BSE.
As per the draft papers, Muthoot Microfin's public issue will comprise a fresh issue worth up to Rs 950 crore and an offer for sale (OFS) to the tune of Rs 400 crore.
Through the OFS route, various stakeholders plan to offload shares worth Rs 400 crore. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas Geor
Crude oil falls over 1% as concerns about West Asia affecting supply (30-10-2023)
Crude had jumped 3% on Friday after Israel stepped up ground incursions into Gaza, stoking worries the conflict could expand in a region that accounts for a third of global oil output
Foreign investors cut holdings of Indian stocks at fastest pace in months (30-10-2023)
India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index
Foreign investors cut holdings of Indian stocks at fastest pace in months (30-10-2023)
India's benchmark NSE Nifty 50 Index has slipped 3.3% so far this month, faring a little better than the 3.8% decline seen in the broader MSCI Asia Pacific Index
Textile stocks rally up to 9%; Welspun, Indo Count hit fresh 52-week highs (30-10-2023)
Despite a slowdown in demand for various sectors, including textiles, Indian exporters are optimistic about a strong performance in 2023-24
No correlation between market performance, general elections: Axis MF CIO (30-10-2023)
Ashish Gupta, chief investment officer (CIO) for Axis Mutual Fund, said there is no direct correlation between market performance and general elections
Markets may correct 25% if BJP loses in 2024: Chris Wood at BS BFSI Summit (30-10-2023)
He expects the production-linked incentive (PLI) schemes to see renewed momentum if the current government is voted back to power in 2024
WTO member nations need to discuss crypto under e-comm negotiations: GTRI (30-10-2023)
The member countries of WTO (World Trade Organisation) should include issues pertaining to crypto currency while negotiating any agreement on the e-commerce sector, think tank GTRI said on Monday.
As the crypto market garners increasing global attention, its classification under the WTO e-commerce framework remains ambiguous, Global Trade Research Initiative (GTRI) said.
It added that the debate should pivot on whether exchanges of crypto-currency fall under 'electronic transmissions' in the e-commerce scope.
"With the multifaceted dynamics of the e-commerce landscape, the outcomes of the ongoing WTO negotiations hold significant implications for global digital trade.
"The inclusion or exclusion of crypto-currencies and the diverse positions of influential nations will shape the future of international e-commerce policies," GTRI Co-Founder Ajay Srivastava said.
At present, the WTO members are holding two-pronged e-commerce negotiations (joint initiative and e-commerce moratorium)
RateGain hits new high on strong Q2 results; zooms over 100% in 7 months (30-10-2023)
Despite recent macro uncertainty, the management sees growth holding steady across the travel space but will maintain a cautiously optimistic approach keeping an eye on developments across key regions
Mahanagar Gas soars 7% as PAT more-than-doubles in Q2, margins expand (30-10-2023)
Ebitda margin stood at 30.5 per cent in the Q2FY24 as compared to 16.2 per cent in Q2FY23