In the confirmatory order issued on Wednesday, the market watchdog revoked the bar on Sharma from selling his stake in the company after he submitted details of the transactions

Equities have dominated bonds, while bonds have outperformed treasury bills

Sales of listed private non-financial companies grew 5.5 per cent in the three months ended December 2023 from 4.4 per cent expansion in the previous quarter, according to official data.
The Reserve Bank of India (RBI) on Wednesday released the data on the performance of the private corporate sector during the third quarter of 2023-24 drawn from abridged quarterly financial results of 2,842 listed non-government non-financial companies.
“Growth (y-o-y) in aggregate sales of 1,685 listed private manufacturing companies moderated further to 3.7 per cent during Q3:2023-24 (4.2 per cent in the previous quarter),” the apex bank said.
Among the major industries, sales of chemical companies declined 13.5 per cent, excluding which sales growth of manufacturing companies stood at 6.4 per cent.
Information Technology (IT) sector witnessed further deceleration in sales growth (y-o-y) to 3.2 per cent from 5.9 per cent in the previous quarter and 19.4 per cent a year ago.
Non-IT services compa

The initial public offering of Platinum Industries got subscribed 22.19 times on the second day of offer on Wednesday.
The Rs 235 crore-initial share sale received bids for 21,37,42,644 shares against 96,32,988 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 42.85 times subscription while the Retail Individual Investors (RIIs) part got subscribed 25.50 times. The category for Qualified Institutional Buyers (QIBs) received 90 per cent subscription.
The Initial Public Offering (IPO) has a fresh issue of up to 1,37,61,225 equity shares. The price range is Rs 162-171 a share.
Platinum Industries has mobilised over Rs 70 crore from anchor investors.
It is a multi-product company, is engaged in the business of manufacturing stabilisers.
Unistone Capital is the manager to the offer.

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