Posts in category Business Standard
Social media platform Reddit seeks to launch its first IPO in March (18-01-2024)
It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB
Tougher EU money laundering rules target crypto, luxury vehicle dealers (18-01-2024)
"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part
NSE declared world’s largest derivatives exchange for 5th straight year (18-01-2024)
The National Stock Exchange of India (NSE) has again emerged as the world's largest derivatives exchange in 2023, in terms of the number of contracts traded, according to the Futures Industry Association (FIA).
This is the fifth straight year when the exchange earned the top position.
Additionally, the exchange has ranked third in the world in the equity segment by number of trades in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).
The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing USD 4 trillion, SME listed companies crossing the Rs 1 lakh crore mark and the Nifty 50 index surpassing the 20,000 index levels for the first time.
Also, the number of unique registered investors on the exchange reached 8.5 crore at the end of the calendar year.
"Ranking third in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of the Indian capital market ecosystem on
KRN Heat Exchanger files draft papers with Sebi to raise funds via IPO (18-01-2024)
KRN Heat Exchanger and Refrigeration Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO).
The initial share sale is entirely a fresh issue of 1.93 crore equity shares with no Offer for Sale (OFS) component, draft red herring prospectus (DRHP) filed with Sebi showed on Thursday.
Funds will be used for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan.
The company manufactures fin and tube type heat exchangers for the heat ventilation air conditioning and refrigeration industry.
According to the Dun and Bradstreet Research Report, the Indian market for heat exchanges reached USD 625 million per annum in 2022, with an annual industry turnover increasing by a CAGR of 10 per cent between 2019 and 2022.
Holani Consultants is the sole book-running lead manager to the issue.
Weak earnings, fading US interest rate cut hopes drag Indian stock market (18-01-2024)
The blue-chip NSE Nifty 50 shed 0.51% to 21,462.25, while the S&P BSE Sensex lost 0.44% to 71,186.86
South Indian Bank soars 13%, hits 6-year high on healthy Q3 results (18-01-2024)
The management said, during the period, the bank registered growth in all the desired segments with a focus on quality asset across all verticals
LTIMindtree sinks 13% as Q3FY24 earnings come weaker-than-expected (18-01-2024)
LTIMindtree's Q3 growth was affected by higher-than-expected furloughs and a continued slowdown in discretionary spending
Oracle Financial Services hits record high, zooms 20% on strong Q3 results (18-01-2024)
On a consolidated basis, Q3 revenue was up 26 per cent year-on-year (YoY) at Rs 1,824 crore. Net profit jumped 69 per cent to Rs 741 crore on YoY basis
Gold price falls Rs 380 to Rs 62,950, silver declines Rs 600 to Rs 75,900 (18-01-2024)
The price of 22-carat gold slipped Rs 350, with the yellow metal selling at Rs 57,700
Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL (18-01-2024)
Stocks to Watch on Thursday, January 18, 2024: The ADRs of HDFC Bank tanked another 9 per cent on the New York Stock Exchange on Wednesday, after falling around 7 per cent the day before