The price of 22-carat gold also declined Rs 10 with the precious metal selling at Rs 60,340.
Posts in category Business Standard
Mysore Paper Mills reports standalone net loss of Rs 7.40 crore in the December 2023 quarter (14-03-2024)
Reported sales nil
Bitcoin tops $73,000 level to hit new record on insatiable ETF demand (13-03-2024)
The world’s largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York
Equity markets not in a serious bubble territory, says Uday Kotak (13-03-2024)
His comments come at a time when the smallcaps and midcaps have seen a sharp fall in the last three consecutive trades
PSU shares gauge sees worst day since pandemic amid stock market crash (13-03-2024)
Analysts said the PSU space had gotten overheated after relentless gains over the past year and was ripe for a course correction
Rs 601.5 cr IPO of Popular Vehicles subscribed 45% on 2nd day of bidding (13-03-2024)
The initial share sale of Popular Vehicles and Services Limited got subscribed 45 per cent on the second day of subscription on Wednesday.
The Rs 601.55 crore-Initial Public Offer (IPO) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data.
The portion for Retail Individual Investors (RIIs) attracted 77 per cent subscription while the non-institutional investors part got subscribed 20 per cent.
The IPO has a fresh issue of up to Rs 250 crore and an offer for sale of up to 1,19,17,075 equity shares.
The price range for the Kochi-based company’s offer is Rs 280-295 a share.
On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors.
Proceeds of the fresh issue will be used for debt payment and general corporate purposes.
Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value chain, including the sale of new passenger and
Small, midcap stocks sink further to log their biggest fall in two years (13-03-2024)
Analysts said elevated valuations in the small and mid-cap segment have been a concern for a while, but the strong message and the recent action by the regulator intensified the selling pressure
Board of IIFL Finance raising up to Rs 1500 cr via rights issue (13-03-2024)
Also approves NCD issuance up to Rs 500 cr
Board of Patanjali Foods approves pre-mature redemption of preference shares (13-03-2024)
At meeting held on 13 March 2024
Singapore Market ends 0.61% higher (13-03-2024)
At closing bell, the Straits Times Index (STI) index was up 19.25 points, or 0.61% to 3,160.72 after trading between 3,145.17 and 3,168.69. Volume of 1.55 billion shares worth S$1.34 billion changed hands. Across the broader market, advancers outpaced decliners 282 to 268.