Posts in category Business Standard
Shreyas Shipping opens delisting bid at Rs 400 a share, to close on Oct 17 (11-10-2023)
Shreyas Shipping on Wednesday resumed its delisting offer at a counter offer price of Rs 400 per share and the offer will close on October 17.
This is the second attempt at delisting after the company's shareholders had tendered shares at a price of Rs 890 per share as against the revised offer of Rs 375 apiece. The revised price was higher compared to the original price of Rs 338 per share announced early last month.
Subsequently, the tendering was cancelled and the company decided to make a counter offer.
As part of the delisting process, the counter offer bidding period for public shareholders of Shreyas Shipping at Rs 400 per share will start from October 11 and close on October 17, the parent company Transworld Holdings said in a note.
The share price of the company was Rs 262 per share on May 19 (pre-delisting announcement) and the counter offer price is at a 52.7 per cent premium to the pre-announcement price.
On a 60-day weighted average price, the floor price was Rs 292 a
Indian shares extend gains as US rate woes ease, TCS results eyed (11-10-2023)
The NSE Nifty 50 index settled 0.62% higher at 19,811.35, while the S&P BSE Sensex rose 0.60% to 66,473.05
HCLTech Q2 preview: ASAP deal to aid revenue growth; guidance revision eyed (11-10-2023)
HCL Tech Q2FY24 results preview: HCL Tech may post a 7 per cent yearly profit growth to Rs 3,739 crore, as per an average of six brokerage estimates, while revenue is pegged to rise 8.8 per cent YoY
Sebi resolves over 3,700 complaints through SCORES in September (11-10-2023)
Sebi has disposed of 3,705 complaints against companies and market intermediaries through its online grievance redressal system SCORES in September, according to the data released by the regulator.
As many as 17 complaints were pending for more than three months on SCORES as of September end, involving 12 entities such as Principal Mutual Fund and JM Financial Ltd.
SCORES is a platform that allows investors to lodge their complaints online with Sebi related to the securities market against companies, intermediaries, and market infrastructure institutions.
At the beginning of September, there were 4,707 complaints pending and 4,276 fresh complaints were received, as per the data released by Sebi on Tuesday.
The regulator said that it had 5,259 pending actionable complaints as of September end, excluding 19 complaints that were under regulatory actions or legal proceedings.
Further, Sebi noted that it had received 219 reviews of complaints. A complainant can request a review within
Number of MF investors crosses 40 million, SIP flows scale a new high (11-10-2023)
Inflows in Sept were higher than the average flows seen in FY24
Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins (11-10-2023)
Infosys Q2FY24 results preview: Infosys' net profit may rise just 3.8 per cent on-year to Rs 6,252 crore, while revenue may see a 5 per cent uptick to Rs 38,437 crore
China’s CLSA ups India exposure on supportive macroeconomic outlook (11-10-2023)
Brokerage goes 303 bps overweight on domestic markets in MSCI Asia Pac ex-Japan portfolio
Stocks to Watch: Titan, Bank of Baroda, MCX, Birla Corp, TCS, REC, PFC (11-10-2023)
Stocks to watch on October 11, 2023: MCX said it will go live on the new commodity derivative trading platform from October 16, after a mock session on October 15
Gold jumps Rs 330, silver unchanged, yellow metal trading at Rs 58,530/10g (11-10-2023)
The price of 22-carat gold was up Rs 300 to Rs 53,650
Sam Bankman-Fried hoped to be US president someday: Star witness Ellison (11-10-2023)
Caroline Ellison, the tech executive who ran Sam Bankman-Fried's hedge fund while sometimes dating him, testified Tuesday that he directed her to commit crimes before his cryptocurrency empire collapsed last November. She also revealed that her former boss and boyfriend thought he might be U.S. president someday.
With Bankman-Fried looking on from his seat in the courtroom, Ellison, 28, testified at the New York City trial that she committed fraud, conspiracy to commit fraud and money laundering along with Bankman-Fried and others.
He directed me to commit these crimes," she said of Bankman-Fried, when asked by a prosecutor about his involvement.
Repeatedly, Ellison made clear that Bankman-Fried was behind the biggest financial moves in his companies, to the point that bitcoins he created were sometimes called Sam's coins.
She described him as very ambitious and envisioning eventually leading huge companies and using his money influentially.
He even thought there was a 5 per cent