Sales decline 36.76% to Rs 19.23 crore
Posts in category Business Standard
Nazara Technologies standalone net profit rises 160.36% in the December 2023 quarter (07-02-2024)
Sales decline 10.03% to Rs 5.20 crore
Sprayking standalone net profit declines 58.62% in the December 2023 quarter (07-02-2024)
Sales decline 54.27% to Rs 2.41 crore
Stock market LIVE: Japan’s Nikkei down amid broad gains across Asia (07-02-2024)
Stock market live updates on February 7, 2024: Max Finanical will be in focus as IRDAI has given nod for Axis Bank to acquire another 6 per cent stake in Max Life Insurance
Nifty likely to face resistance in 21,970-22,125 band: HDFC Securities (07-02-2024)
Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy NCC and Sonata Software for up to 18 per cent upside.
Nifty IT, Auto Indices: Look bullish on charts, await dips to enter (07-02-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index may face resistance around 38,380 and 39,360; while hurdle for the Auto index is placed at 20,450.
FPI allocation to financial stocks declines below 30%, shows data (06-02-2024)
The selling comes on the back of third quarter (3QFY24) earnings missed by HDFC Bank, Bajaj Finance, and Axis Bank. FPIs also pulled out over Rs 2,000 crore amid earnings miss by Hindustan Unilever
ChrysCapital Management to raise $300 million to retain NSE stake (06-02-2024)
ChrysCapital bought a 5 per cent stake in NSE, one of the largest stock exchanges in the world, in 2016. The firm wants to keep its investment until the bourse goes public
Sebi issues guidelines for returning draft document of public issues (06-02-2024)
Markets regulator Sebi on Tuesday came out with guidelines for returning the draft offer document for public issues and its resubmission in a bid to provide greater clarity and consistency in the disclosures as well as for timely processing.
In a circular, Sebi said the draft offer document for public issue or rights issue of securities will be scrutinized based on the broad guidelines specified by it and accordingly, such document will be returned to the issuer for resubmission.
Under the guidelines, the draft offer document is required to be prepared in simple language with visual representation of data to ensure ease of understanding of its contents and the information needs to be presented in a clear, concise, and intelligible manner.
The draft offer document needs to avoid complex presentations; vague and ambiguous and imprecise explanations; repetition of disclosures in different sections of the document and inconsistency in the data or facts provided in different sections of
Axis Mutual Fund launches Sensex index fund, aims Rs 100 cr NFO collection (06-02-2024)
Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period.
The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd.
Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO.
On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today’s investors.
Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.