Posts in category Business Standard
HDFC twins shine: Banking counters stay buoyed up, Sensex up 446 points (27-06-2023)
The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value
Sebi asks CRAs to disclose lists of non-cooperative issuers with them (27-06-2023)
With an aim to boost transparency, capital markets regulator Sebi on Monday asked credit rating agencies to disclose lists of issuers who are non-cooperative with them.
This comes after Sebi observed over the time the number of issuers that are non-cooperative with CRAs (Credit Rating Agencies) have increased, with a vast majority of INC issuers being unlisted and small entities.
In this regard, to provide enhanced transparency and information regarding non-cooperative issuers to various stakeholders, market participants and investors, Sebi said, "CRA shall disclose two lists of issuers who are non-cooperative with the CRA, separately for securities that are listed, or proposed to be listed, on a recognised stock exchange, and other ratings."
The list would be disclosed in a prescribed format and the disclosure would be updated on a daily basis, the Securities and Exchange Board of India (Sebi) said in a circular.
The new circular will be applicable with effect from July 15, 2023,
NSE withdraws plan to move Nifty Bank derivative contracts to Friday (27-06-2023)
BSE said it had obtained market feedback that coinciding expiry with Nifty Bank derivatives can potentially impact the growth of their derivative segments
Stock market holiday for Bakri Eid shifted to Thursday instead of Wednesday (27-06-2023)
The rescheduling of the holiday led to changes to the timelines for derivatives expiry as well as initial public offerings
Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly (27-06-2023)
The Congress government in Karnataka on Tuesday said it will get the Bitcoin scam taken place during the previous BJP government thoroughly investigated.
The case is likely to be handed over to the Criminal Investigation Department (CID), Home Minister Dr Parameshwara has hinted.
Speaking to reporters in Hassan today, CM Siddaramaiah said all irregularities and scams of the BJP government including the Bitcoin scam will be probed.
Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated.
"Regarding Bitcoin, I have said that whatever incident has happened will be thoroughly investigated. For whatever reason, the previous government had closed it. When we were in the opposition, we had said that we will get it investigated if we come to power. We will take all steps to reinvestigate it, Parameshwara told reporters here.
He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending tha
Have no associations with cryptocurrency of any form, says Ratan Tata (27-06-2023)
"If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he added
Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF (27-06-2023)
BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application
Delhi’s Deer Park de-recognised as ‘mini zoo’, deers to be shifted out (27-06-2023)
The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday.
The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data.
The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times.
The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares.
The IPO is in a price range of Rs 638-672 a share.
Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate purposes.
Founded in 2007, the Mumbai-based company has the largest operational deployment
HDFC Bank stock to see inflow of $29 million on NSE rebalancing: Nuvama (27-06-2023)
HDFC Bank's weight in the Nifty Bank index may rise from the current 26.3 per cent to 27.3 per cent
Force Motors surges 10%, hits over 4-year high; zooms 129% in 3 months (27-06-2023)
Thus far in the month of June, the stock has surged 43 per cent after the company reported 30 per cent year-on-year and month-on-month jump in total sales at 2,645 units for the May month.