Posts in category Business Standard
Sensex, Nifty climb on firm global trends and foreign fund inflows (11-07-2023)
Buying in index major Reliance Industries, Infosys and ITC also helped markets extend their previous day's gain
Kotak MF to leverage active plus passive strategy with Quant Fund (11-07-2023)
This is a first such scheme from Kotak MF
Sebi slaps over Rs 25 cr on two entities in GDR manipulation case (11-07-2023)
Capital markets regulator Sebi on Tuesday imposed a penalty totalling Rs 25.2 crore on two individuals in a case related to the manipulation of global depository receipt (GDR) issuance of Hiran Orgochem Ltd.
Individually, the regulator levied a fine of Rs 25 crore on Arun Panchariya and Rs 20 lakh on Mukesh Chauradiya. They have been directed to pay the amount within 45 days, according to a Sebi order.
The direction came after the Securities and Exchange Board of India (Sebi) conducted an investigation to ascertain whether shares underlying GDRs of Hiran Orgochem Ltd were issued with proper consideration. The period under investigation was from April 2010 to May 2010.
Hiran, which is listed on the BSE, issued 15.38 lakh GDRs amounting to USD 10 million representing 4.61 crore underlying equity shares in May 2010.
In its order, Sebi found that Panchariya was the key person actively involved in the GDR process of Hiran at every stage and perpetrated fraud on the investors in the Indi
Elecon Engineering hits new high on strong Q1; stock doubles in 4 months (11-07-2023)
With strong order book in hand across segments, the management is optimistic of sustaining growth momentum going forward
HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit (11-07-2023)
HCL Tech Q1FY24 result: On a QoQ basis, its Q1 revenue may grow 1 per cent while net profit could drop 4 per cent
Cyient DLM extends rally, nearly doubles investors’ wealth in two days (11-07-2023)
The stock rallied 20 per cent to Rs 504.90 on the BSE in intra-day trade on Tuesday, and has zoomed 91 per cent against its issue price of Rs 265 per share in two days
TCS Preview: Wage hikes to erode margin in Q1FY24; PAT may drop 3.3% QoQ (11-07-2023)
TCS Q1 result preview: The weakness comes on account of a worsening demand environment, which is leading to cancellation and delay in projects, a longer sales cycle and slower revenue conversion
Minda Corp rallies 6%, hits new high on securing Rs 750 cr order from OEM (11-07-2023)
Thus far in the calendar year 2023, the stock price of Minda Corp has zoomed nearly 50 per cent, as compared to 7.6 per cent rise in the S&P BSE Sensex.
Defence stocks on roll: Mazagon Dock, BDL, Cochin Shipyard surge up to 10% (11-07-2023)
Mazagon Dock Shipbuilders hit a new high of Rs 1,584, as the stock rallied 10 per cent on reports that MoD has cleared the procurement of three additional Scorpene or Kalvari class submarines.
Kalyan Jewellers extends rally on strong Q1 biz update; zooms 59% in 1 mth (11-07-2023)
In the past week, the stock has rallied 18 per cent after the company reported over 30 per cent consolidated revenue growth for the June quarter (Q1FY24)