Posts in category Business Standard
HDFC shares fell after management indicates asset quality, margin pressure (20-09-2023)
HDFC Bank said the gross non-performing asset ratio has increased to 1.4% from 1 July, following the merger, as compared to 1.2% of HDFC Bank's as of end of the first quarter
HDFC Bank stock slump drags Sensex, Nifty, declines nearly 1.2% each (20-09-2023)
Crude oil prices, valuation concern trigger biggest fall in 2 months
M&M mcap crosses Rs 2 trn on back of strong order book in SUV segment (20-09-2023)
The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment.
M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data.
The automaker's market cap has doubled in less than one-and-a-half years - from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week. M&M market cap hit Rs 2 lakh crore mark on Monday.
The incremental m-cap in the last two years is more than the incremental market value the firm had over the last decade.
Capital allocation actions have led to an overall better financial performance with several non-accretive divestments completed, analysts said adding net cash is at all-time high levels.
Mahindra's auto and farm businesses are industry leaders and it is looking to capitalize on market leadership position. It is No. 1 revenue market share in the SUV segment and .
Mutual funds attract 6% of household savings in FY23, shows RBI data (20-09-2023)
Fiscal sees a record Rs 1.8 trillion net inflows from households
RR Kabel gains 15% on debut, Yatra Online’s IPO manages to scrape through (20-09-2023)
The stock hit a low of Rs 1,141 and a high of Rs 1,213 on the BSE. Shares worth nearly Rs 1,900 crore got traded on NSE and BSE of the company
Updater Services’ IPO starts Sept 25, with fresh issue of up to Rs 400 cr (20-09-2023)
The initial share sale of integrated facilities management company Updater Services Ltd will open for public subscription on September 25.
The three-day Initial Public Offering (IPO) will conclude on September 27 and the bidding for anchor investors will open on September 22, according to the Red Herring Prospectus (RHP).
The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders.
Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company.
Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes.
The company offers integrated facilities management services and business support services to its clients. It caters to customer segments across sectors such
Investors adopt cautious stance; debt MFs log Rs 25,872 cr outflow in Aug (20-09-2023)
After witnessing staggering inflow in July, debt-oriented mutual fund schemes saw a withdrawal of Rs 25,872 crore last month as investors continue to adopt a cautious stance amid the current interest rate scenario in the US.
Out of 16 debt categories, nine of them witnessed net outflows during the month under review, data with the Association of Mutual Funds in India (Amfi) showed.
The major quantum of net outflows was witnessed by the categories having less than one year duration profile such as liquid, ultra short and low duration. Additionally, the banking and PSU category also witnessed significant net outflows.
According to the data, debt mutual funds witnessed an outflow of Rs 25,872 crore in August as compared to a net inflow of Rs 61,440 crore in the preceding month.
"Given the current interest rate scenario and uncertainty over the direction of interest rates in the country, it appears that many investors continue to adopt a cautious stance and wait for further indication
IFCI zooms 28% in 2 days, hits over 5-year high on huge volumes (20-09-2023)
Till 02:29 PM: a combined 172 million equity shares representing nearly 7 per cent of total equity of IFCI had changed hands on the NSE and BSE.
Surya Roshni gains 4% in weak market on fixing record date for stock split (20-09-2023)
The company has fixed October 6, 2023 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for subdivision of equity share in a ratio of 2:1.
Sensex tanks 850 pts, Nifty breaks 20,000: Why are markets falling today? (20-09-2023)
Shares of HDFC Bank and Reliance Industries declined 4 per cent and 3 per cent, respectively, on Wednesday, September 20