At closing bell, the Straits Times Index (STI) index was up 5.83 points, or 0.18%, to 3,222.94 after trading between 3,198.02 and 3,226.21. Volume of 1.38 billion shares worth S$1.45 billion changed hands. Across the broader market, advancers outpaced decliners 326 to 219.
Posts in category Business Standard
UK Pound Scales To 3-Week High; GBPINR Jumps Above 105 Mark (22-02-2024)
UK Pound scaled higher to a three-week high and hit above $1.27 mark during intraday moves on Thursday. GBPUSD pair is currently quoting at $1.2671, up 0.30% on the day. Weakness in dollar index below 104 mark also supported gains in the pair. Data from UK docket showed UK Manufacturing PMI edged up to 47.1 in February from 47 in January, but below market forecasts of 47.5. Services PMI was unchanged at 54.3 while investors anticipated a decline to 54.1. The Composite PMI was higher at 53.3 against expectations and the former reading of 52.9. The pound stayed supported even as Bank of England (BoE) policymaker Swati Dhingra cautioned about downside risks to the United Kingdom economy due to high interest rates and warned about a hard landing if the BoE delays rate cuts. Meanwhile, on the NSE, GBPINR futures settled higher by 0.32% at 105.01.
Bajaj Auto invests further Rs 45.75 cr in Yulu Bikes (22-02-2024)
Post the aforesaid fresh investment, the company’s shareholding in Yulu Bikes now stands at 18.8% of the paid up equity share capital of Yulu Bikes.
IRCTC ties up with Swiggy Foods (22-02-2024)
For supply and delivery of pre-ordered meals through IRCTC e-catering portal
Board of Vodafone Idea to consider fund raising options (22-02-2024)
On 27 February 2024
IRB Infrastructure Developers plans issue of foreign currency denominated notes up to USD 550 million (22-02-2024)
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Oil India signs MoU with The Fertilisers and Chemicals Travancore (22-02-2024)
To collaborate in green hydrogen domain
Sebi orders attachment of bank, demat accounts of DHFL’s ex-promoters (22-02-2024)
Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh.
This came after the brothers failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in July last year in a case concerning the flouting of disclosure norms.
In two separate attachment notices issued on Tuesday, the markets watchdog has ordered the attachment of bank, demat accounts, and mutual fund folios of the Wadhawans to recover the pending dues.
The pending dues of Rs 10.6 lakh each from Wadhawans comprise the initial penalty amount, interest, and recovery cost, it added.
In July 2023, the regulator imposed a penalty of Rs 10 lakh each on Wadhawans, who were promoters of DHFL (now known as Piramal Finance), for flouting disclosure norms.
Kapil Wadhawan was the Chairman and MD of DHFL, whi
Bharat Highways Invit to float IPO on Feb 28, price set at Rs 98-100 a unit (22-02-2024)
Bharat Highways InvIT, an infrastructure investment trust, on Thursday said it will launch its Rs 2,500 crore Initial Public Offering (IPO) on February 28.
The InvIT’s maiden public issue will conclude on March 1 and the price band has been set at Rs 98-100 per unit for the issue, Bharat Highways InvIT said in a statement.
Proceeds from the issue will be utilised to provide loans to the Project SPVs (special purpose vehicles) for repayment of their outstanding loans.
Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India and to carry on the activities of an infrastructure investment trust under Sebi’s InvIT rule.
Its initial portfolio consists of seven road assets, all operating on HAM (Hybrid Annuity Model) basis, in Punjab, Gujarat, Andhra Pradesh, Maharashtra, and Uttar Pradesh consisting of about 497.292 km of constructed and operational roads.
Additionally, the InvIT has entered
Taylormade Renewable to acquire majority stake in Reciclar Technologies & Memtrix Technologies LLP (22-02-2024)
Reciclar Technologies is a leader in designing and construction of state-of-the-art: