Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities
Posts in category Business Standard
Bharti Hexacom files DRHP for IPO, TCIL to sell up to 100 million shares (20-01-2024)
Bharti Hexacom has filed a draft red herring prospectus (DRHP) for a proposed IPO that entails an offer of sale by Telecommunications Consultants India Ltd, according to a regulatory filing.
The IPO will not have any fresh issuance of equity shares and since it is an offer for sale or OFS, Bharti Hexacom will not receive any proceeds from the IPO.
“We wish to inform you that Board of Directors of the company at its meeting held on Friday, January 19, 2024, have approved the IPO of equity shares of face value Rs 5 each comprising of an offer for sale of up to 100000000 (10 crore) equity shares by Telecommunications Consultants India Ltd, subject to such variation as permitted under applicable law,” the BSE filing said.
Accordingly, the company filed a draft red herring prospectus on Friday with SEBI, for a proposed IPO for the offer by Telecommunications Consultants India Ltd. The offer represents 20 per cent of the paid-up equity share capital of Bharti Hexacom.
“The IPO shall not
Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC (20-01-2024)
The Centre has told the Supreme Court it is yet to take a decision on a mechanism to regulate cryptocurrencies and effectively investigate related offences.
A bench of justices Surya Kant and KV Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency are continuously evolving and the government is deliberating on the mechanism to regulate the cryptocurrencies.
He sought time to file an affidavit by the next date of hearing in the case giving updated position on the mechanism.
“So far as the stance of the Union of India with reference to the matters of cryptocurrency arising in different states is concerned, the Additional Solicitor General of India seeks and is granted four weeks’ time to file an appropriate affidavit,” the bench ordered on Friday.
During the hearing, Justice Kant said the court only wants that there are appropriate safeguards to protect the common man from frauds and misuse
Ganesh Housing zooms over 50% in 4 days as Q3 net profit jumps three-fold (20-01-2024)
In Q3FY24, Ganesh Housing’s profit after tax grew 232 per cent year-on-year to Rs 100.60 crore
Hindustan Unilever slips 3%; hits 2-month low post December quarter results (20-01-2024)
The company said weak rural consumer sentiment and delayed winter were behind its underwhelming performance.
Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank (20-01-2024)
Stocks to Watch on Saturday, January 20, 2024: RIL, on Friday, reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit, at Rs 17,265 crore, for Q3FY24
Gold price climbs Rs 330 to Rs 62,950, silver rises Rs 200 to Rs 75,700 (20-01-2024)
The price of 22-carat gold jumped Rs 300, with the yellow metal selling at Rs 57,700
Stock market LIVE: Sensex, Nifty flat; CIL, Power Grid, NTPC rise up to 3% (20-01-2024)
Stock market live updates on January 20, 2024: BSE Sensex and NSE Nifty edged higher in Saturday’s regular trading session
Market regulator Sebi probing three IPOs for inflating subscriptions (20-01-2024)
MUMBAI (Reuters) -India’s market regulator is investigating three initial public offerings (IPOs) for allegedly inflating the number of subscriptions received
CoinSwitch announces highest cashback on crypto deposits (19-01-2024)
Bengaluru (Karnataka) [India], January 19: CoinSwitch, India’s largest crypto trading platform, has introduced Cashback Bonanza for deposits made to CoinSwitch PRO. Users can deposit over 100 crypto assets from any exchange or private wallet to their CoinSwitch account in just a few simple steps, and earn rewards of up to 5% of the deposited value.