Posts in category Business Standard
Jaiprakash Associates share prices jump 12% on Adani deal reports (18-10-2023)
The Adani group, currently operating at a capacity of 70 million tonnes per annum, aims to double this figure to 140 million tonnes within the next five years
Investment bankers’ fees to manage IPOs jump as issue size shrink in 2023 (18-10-2023)
Industry experts note that the work required for an IPO remains consistent, regardless of the issue size
Crypto fraud: Navi Mumbai cyber police freeze accounts worth Rs 32.66 cr (18-10-2023)
The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday.
Senior police inspector Gajanan Kadam of the cyber police station in Navi Mumbai said they received a cheating complaint in August from a man who claimed to have invested more than Rs 6.6 crore in cryptocurrency trading.
The man stated in the complaint that a woman caller befriended him and later asked him to invest in cryptocurrency trading while assuring good returns.
As the complainant started investing huge amounts, he received a total of Rs 75 lakh in returns on various occasions, but later stopped getting the same, the official said.
An offence in this connection was registered with the cyber police under various sections of the Indian Penal Code and the Information Technology Act.
A police probe team enquired with various banks where the money was paid by the complainant and as a first step, go
Biocon slips 4% after USFDA asks for corrective measures at Malaysian unit (18-10-2023)
The USFDA has determined the inspection classification as 'OAI' (Official Action Indicated) post inspection of Biocon's step-down subsidiary in Malaysia.
Hudco plunges 9% as govt begins partial stake sale via OFS at discount (18-10-2023)
The floor price for the sale, however, has been set at Rs 79 apiece, which is 12 per cent lower than Tuesday's closing price pf Rs 89.9 per share
Stocks to Watch today: Bajaj Finance, LTTS, Zensar, HUDCO, Glenmark, Biocon (18-10-2023)
Stocks to watch on Wednesday, October 18, 2023: Bajaj Auto, Bandhan Bank, IndusInd Bank, LTIMindtree and Wipro to be in focus ahead of Q2 results today.
Gold drops by Rs 160, silver prices down by Rs 500, trades at Rs 73,600/kg (18-10-2023)
The price of 22-carat gold fell Rs 150, with the yellow metal selling at Rs 54,950
STOCK MARKET LIVE: Sensex down 500 pts, Nifty below 19700; bond yields rise (18-10-2023)
Stock market LIVE updates on Wednesday, October 18, 2023: Shares of Housing Urban Development Corporation tumbled 8 per cent as the government began selling 7 per cent stake in the company via OFS
Buy Rites, Gujarat Alkalies for up to 16% rally, recommends HDFC Securities (18-10-2023)
On the broader market outlook, Vinay Rajani the technical & derivative analyst of HDFC Securities suggests to keep a stop at 19,635 on all long positions in the Nifty.
Nifty FMCG likely to exhibit bullish bias; Metal needs to clear 6964 hurdle (18-10-2023)
The Nifty FMCG can potentially rally nearly 2 per cent from current levels, to near about 53,625, says Ravi Nathani, an independent technical analyst.