Posts in category Business Standard
Paytm shareholder Antfin to sell 3.6% stake via block deal: Report (24-08-2023)
The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees
Rupee sees highest single-day rise against US dollar in two months (24-08-2023)
Market now eyes the US Federal Reserve Chairman Jerome Powell's speech in Jackson Hole Symposium on Friday
Sebi imposes Rs 20 lakh fine on SIMR for flouting regulatory norms (24-08-2023)
Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms.
Star India Market Research (SIMR) is a Sebi-registered investment adviser.
The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, for alleged violations.
In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to the same client and also sold products for overlapping periods.
This was done to defraud clients and earn maximum fees, the order said, adding that the noticee did not act honestly, fairly, and diligently in the best interests of its clients, thereby violating the code of conduct of Investment Advisers (IA) regulations.
Further, Sebi observed that SIMR induced its clients to trade in the market, contravening the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) rules.
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Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr (24-08-2023)
Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore.
Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size in the upcoming maiden public issue.
In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement.
Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier. Besides, there would be an Offer of Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh.
At present, Singh holds a 97.81 per cent stake in the company.
In March 2023, EMS Ltd filed draft papers with capital markets regulator Sebi to raise funds through the maiden public issue and has already received Sebi's approval to go ahead with this IPO.
Proceeds from the
Stock of this real estate company has zoomed over 100% in one month (24-08-2023)
Shares of DB Realty surged 6% to hit an over 10-year high of Rs 156.90 on the BSE on Thursday
Paytm hits 52-week high as Bernstein initiates coverage; pares gains later (24-08-2023)
Brokerage firm Bernstein has initiated coverage on the stock with an 'Outperform' rating and a target price of Rs 1,100
Yatharth Hospital extends rally, surges 29% in a week on strong Q1 results (24-08-2023)
In Q1FY24, average revenue per operating bed (ARPOB) increased to Rs 28,140, compared to Rs 27,706 in Q4FY23 and Rs 26,457 in Q1FY23.
Tata Power gains 3%, hits 52-week high on improved financial performance (24-08-2023)
In the past four days, the stock has surged 10% after Tata Power Renewable Energy signed a Power Purchase Agreement for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand
GMR Airports hits over 13-year high; soars 45% in 1 month on solid earnings (24-08-2023)
The company said air passenger traffic would gain further momentum with addition of routes and airline capacity
Max Financial Services zooms 6% as over 10 mn shares change hands (24-08-2023)
Till 10:05 AM, a combined 13.49 million shares had changed hands on the counter on the BSE and NSE, representing nearly 4 per cent of the company's equity