Posts in category Business Standard
BLS E-Services IPO gets subscribed 42.74 times on day two of bidding (31-01-2024)
The Initial Public Offer (IPO) of BLS E-Services got subscribed 42.74 times on the second day of subscription on Wednesday.
The IPO received bids for 58,56,83,352 shares against 1,37,02,904 shares on offer, as per data available with the NSE.
The category for Retail Individual Investors (RIIs) attracted 125.26 times subscription, while the non-institutional investors part got subscribed 94.05 times and the portion for Qualified Institutional Buyers (QIBs) fetched 2.68 times subscription.
The initial public offering of BLS E-Services Ltd was fully subscribed within minutes of opening for bidding on Tuesday.
The company's IPO has a fresh issue of up to 2,30,30,000 equity shares.
Its price range is Rs 129-135 a share.
BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors.
The company is a leading technology-enabled digital service provider, offering business correspondent services to major banks in India, assisted e-services; and e-governance services at grass-r
Apeejay Surrendra Park Hotels IPO: Price band fixed at Rs 147-155 (31-01-2024)
The company, through its IPO, aims at raising Rs 920 crore comprising Rs 600 crore through a fresh share sale and Rs 320 crore through an offer for sale, it said
Nova Agritech shares jump nearly 43.39% to Rs 58.79 in debut trade (31-01-2024)
The stock listed at Rs 56, up 36.58 per cent from the issue price on the BSE. It later jumped 43.39 per cent to Rs 58.79
Rupee rises 6 paise to close at 83.04 against US dollar on strong sentiment (31-01-2024)
The rupee appreciated 6 paise to 83.04 (provisional) against the US dollar on Wednesday, supported by a firm trend in domestic equities.
Market participants remained cautious ahead of the interim Budget, scheduled to be presented on February 1, traders said, adding that a strengthening American currency in the overseas market also capped the sharp gain in the local unit.
At the interbank foreign exchange market, the local unit opened at 83.11 against the greenback. The unit hit an intraday low of 83.12 and a high of 83.01.
The local unit finally settled at 83.04 (provisional) against the dollar, higher by 6 paise from its previous close.
"The Indian rupee gained on Wednesday on positive domestic markets and expectations of fresh FII inflows.
"We expect the rupee to trade with a slight negative bias on the strong Dollar on expectations that the US Federal Reserve will keep its monetary policy unchanged and declining odds of a rate cut in March 2024," Anuj Choudhary Research Analyst
Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes (31-01-2024)
Amara Raja Energy hit a nearly three-year high of Rs 900 with a 7 per cent gain on the back of an over two-fold jump in average trading volumes
Sebi reviewing small, mid-cap funds’ capacity to bear sharp falls: Report (31-01-2024)
While Sebi has completed one round of stress test reviews, it wants funds to test for more adverse scenarios, report says
Global gold demand down 5% in 2023 on continuing ETF outflows: WGC Report (31-01-2024)
Global gold demand declined 5 per cent to 4,448.4 tonnes in 2023, compared to the previous year, mainly due to continuing Exchange-Traded Fund (ETF) outflows, according to the World Gold Council (WGC) report.
The overall global gold demand was 4,699 tonnes in 2022, according to WGC's Gold Demand Trends report 2023.
According to the report, global gold ETFs saw a third consecutive annual outflow, losing 244.4 tonnes compared to 109.5 tonnes in 2022.
Losses were most marked in Europe, where holdings fell by 180 tonnes - the worst annual performance since 2013.
The pace of outflows slowed markedly into year-end, but October's hefty outflows dominated the fourth quarter (October-December), it added.
Outflows from European funds have continued in the opening weeks of 2024, and North American-listed funds have resumed their decline after a two-month respite in November and December, the report said.
Strong equity performance and continually shifting expectations surrounding the timing
L&T, Hero Moto, HUL, IRFC: Stocks to watch ahead of interim budget 2024 (31-01-2024)
Cables and switch companies are expected to benefit from a fillip to housing construction activities and urban infrastructure, as per experts
L&T sinks 7% as margins disappoint, weakness likely in order wins till June (31-01-2024)
The company's management indicated the pace of new orders in the domestic market had slowed and there would be weakness for the two quarters between now and June 2024 owing to the Lok Sabha elections
Here are the most crypto-ready cities in 2024: New York leads, Tokyo worst (31-01-2024)
Los Angeles is the city with the most crypto ATMs (1810 ATMs) in the world.