Posts in category Business Standard
Market regulator Sebi directs exchanges, other MIIs to levy same fees (01-07-2024)
Move aimed at providing fair access, fee to all clients
Mutual fund investors ease off buying pedal as FPIs make comeback (01-07-2024)
Net buying by domestic funds lowest in 4 months
Market cap of BSE-listed firms hit lifetime high of Rs 443 trillion (01-07-2024)
The market capitalisation of BSE-listed firms hit a lifetime high of Rs 4,43,05,344.36 crore on Monday, driven by a rebound in equities, where the benchmark Sensex ended at a new all-time peak.
The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a new closing peak of 79,476.19. During the day, it climbed 528.27 points or 0.66 per cent to 79,561.
The market capitalisation of BSE-listed firms hit a new record high of Rs 4,43,05,344.36 crore (USD 5.31 trillion) amid an optimistic trend in equities.
"The domestic market sustained its upward momentum, with a reduction in the US PCE inflation raising hopes for a rate cut by the FED in September. This optimism contributed to the strong performance of IT stocks," Vinod Nair, Head of Research at Geojit Financial Services, said.
Among the Sensex pack, Tech Mahindra, Bajaj Finance, UltraTech Cement, Tata Consultancy Services, Infosys, JSW Steel, HDFC Bank, Tata Motors, Hindustan Unilever and ICICI Bank were the biggest
Sebi approves IPO plans of FirstCry, SoftBank-backed Unicommerce eSolutions (01-07-2024)
While FirstCry had refiled its DRHP, Unicommerce classified more entities as promoters for IPO approval
Shivalik Engineering Industries files draft papers to raise funds via IPO (01-07-2024)
Precision engineering company Shivalik Engineering Industries Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO).
The IPO is a mix of fresh issue of shares worth Rs 335 crore and an offer for sale of up to 41.3 lakh equity shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed with Sebi.
The public issue also includes a reservation for a subscription by eligible employees.
The Raipur-based company intends to utilise the net proceeds from the fresh issuance to the extent of Rs 179.24 crore for setting up a solar plant, Rs 50 crore for expansion of existing foundry capacity by setting up a new foundry line, besides a portion of funds will be used for general corporate purpose.
Shivalik Engineering Industries began its operations in 2007 with a focus on manufacturing casting components, including high-quality metal parts for various sectors like automotive, agriculture, ...
FirstCry’s parent firm Brainbees Solutions gets Sebi’s nod to float IPO (01-07-2024)
Brainbees Solutions Ltd, the parent firm of online e-commerce platform FirstCry, has received Sebi's approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday.
Apart from this, three more companies -- SaaS platform Unicommerce eSolutions, Maharashtra-based Gala Precision Engineering and Interarch Building Products -- obtained the regulator's nod to float the initial share sale.
These companies -- who filed their preliminary IPO papers with Sebi between January and May 2024 -- obtained the regulator's observations during June 25-28, according to the update.
In Sebi's parlance, obtaining its observations means its approval to float the public issue.
According to the fresh draft red herring prospectus (DRHP), Pune-based Brainbees Solutions' proposed IPO is a combination of a fresh issue of equity shares, aggregating up to Rs 1,816 crore and an offer for sale (OFS) of up to 5.44 crore equity shares by existing ...
M&A deal value slows 9% to $38 billion in the first half of 2024 (01-07-2024)
Deals to pick up in the second half, say bankers
Making the case for multi-agency approach to regulate crypto firms (01-07-2024)
Industry players suggest that the Centre may have to approach regulation, considering the fast-paced technological innovation within the sector
Promoters cash out tops Rs 87,000 crore in the first half of 2024 (01-07-2024)
Analysts say this year's sell-downs by promoters as well as private equity (PE) firms were underpinned by a 'benign exit environment' and were across sectors
Enviro Infra Engineers files draft papers with Sebi to garner funds via IPO (01-07-2024)
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, has filed draft papers with markets regulator Sebi to garner funds through an initial public offering (IPO).
The city-based company's proposed IPO is a combination of fresh issue of 4.42 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed last week.
At present, promoters hold over 93 per cent stake in the company.
Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
Besides, a portion will be used for general corporate purposes.
Enviro Infra Engineers is engaged in designi