Posts in category Business Standard
Bain Capital seeks to raise $4 bn for new global special situations fund (08-05-2023)
Bain Capital kicked off the fundraising at the start of the year and has already raised about $2 billion for the new fund, said the sources, who requested anonymity
Equities rebound on easing recession worries; HDFC twins back in green (08-05-2023)
Financial stocks gain most as Sensex, Nifty50 rise over 1%
Mankind Pharma to make market debut on Tuesday following a successful IPO (08-05-2023)
The IPO had seen strong demand from institutional investors even as the retail quota had remained undersubscribed
Over 1.9 mn PACL investors received Rs 920 crore in total back: Sebi (08-05-2023)
More than 19 lakh PACL investors with claims of up to Rs 17,000 have received Rs 920 crore in refunds, markets regulator Sebi said on Monday.
The regulator had found that PACL Ltd, which had raised money from the public in the name of agriculture and real estate businesses, collected more than Rs 60,000 crore through illegal collective investment schemes (CISs) over 18 years.
A panel headed by retired Justice RM Lodha had initiated the process of refunds in phases for investors, who had invested in PACL.
"As on date, the committee has successfully effected refunds in respect of a total number of 19,61,690 eligible applications with outstanding (principal) amount up to Rs 17,000 aggregating to Rs 919.91 crore," according to a statement available on Sebi website.
The committee, in February, had called for original PACL certificates from investors whose outstanding (principal) amount with PACL was more than Rs 15,000 and up to Rs 17,000 in order to refund the money to them after ...
This smallcap glass container firm has made investors richer by 5x in 5 yrs (08-05-2023)
Over the last one year, the stock has given returns of around 98 per cent, rising from Rs 298.6 apiece. The stock's 5 year-run has also been stellar with an increase of over 5 times (up 436 per cent)
Sensex recovers 800 pts from Friday’s low; key reasons behind the rally (08-05-2023)
The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279
Gujarat Ambuja Exports sinks 12% as net profit more-than-halves in Q4FY23 (08-05-2023)
The company's March quarter net profit more-than-halved, dropping 54.6 per cent, to Rs 69.56 crore on a year-on-year (YoY) basis
MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5% (08-05-2023)
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4 (08-05-2023)
The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators
Marico zooms 9% on steady Q4 performance; brokerages upgrade stock (08-05-2023)
Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.