Posts in category Business Standard
PFC gets shareholders’ nod to issue bonus shares in proportion of 1:4 (13-09-2023)
State-owned Power Finance Corporation (PFC) has received shareholders' approval to issue bonus shares by capitalising up to Rs 660.02 crore in its securities premium account.
"All business items proposed for the 37th AGM of the company have been approved with requisite majority," a BSE filing said.
The PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a new equity share of Rs 10 each for every four equity shares of Rs 10 each.
The proposal was listed for the annual general meeting (AGM) held on September 12.
The PFC's board, at its meeting on August 11, recommended issuing bonus shares to shareholders in the proportion of 1:4 by capitalising Rs 6,60,02,03,520 in the securities premium account.
The company also got shareholders' approval to appoint Parminder Chopra as its Chairman and Managing Director (CMD).
Pursuant to the Ministry of Power order on August 14, 2023, the board of directors, on the
Companies rush with IPOs to leverage buoyant market, bankers remain bullish (13-09-2023)
Bankers said some of the companies hitting the markets have been waiting to launch their issues for a while
Non-SLR bond inclusion in HTM expected to deepen corporate bond market (13-09-2023)
Bank treasury heads believe that the inclusion of non-SLR securities in HTM portfolios may spur activity in the corporate bond market
IOL Chemicals hits 17-month high, zooms 19% on heavy volumes (13-09-2023)
Till 01:49 PM, a combined 9.3 million equity shares, representing 15.85 per cent of total equity of IOL Chemicals, had changed hands on the NSE and BSE
GMR Power wins new contract for smart meters; stock hits 10% upper limit (13-09-2023)
Earlier on September 3, GMR Group had received Letter of Award (LOA) worth Rs 5,123 crore for smart metering project from Purvanchal Vidyut Vitran Nigam Limited.
Ajanta Pharma surges 11% in subdued market on healthy business outlook (13-09-2023)
In the past two months, the stock has surged 35 per cent after it reported a healthy set of numbers for June quarter
This Ashish Kacholia-owned education stock has zoomed over 69% in 3 days (13-09-2023)
Shares of NIIT moved higher by 19% to Rs 139 on the BSE in Wednesday's intra-day trade, zooming 69 per cent in the past three trading days
KEC Intl hits new high, gains 11% on winning orders worth Rs 1,012 cr (13-09-2023)
With these orders, the company's year-to-date order intake stands at a record level of over Rs 6,500 crore, a strong growth of 11 per cent over the last year
Two Adani firms among top five large-cap stocks bought by MFs in August (13-09-2023)
Adani Power, Adani Energy Solutions, Vedanta, Interglobe Aviation and Dabur India were the top five stocks bought in the month gone by
Nifty may outperform the broader market in the near term: HDFC Securities (13-09-2023)
Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Infosys and Sun Pharma.