Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets
Posts in category Business Standard
Equity euphoria boosts record SIP additions in 2023, shows data (09-01-2024)
Elevated MF returns, preference for SIPs led to net additions of 15 mn accounts
Public issues of corporate bond zoom to four-year high, shows data (09-01-2024)
As of November, Power Finance Corporation raised the highest amount — Rs 2,824 crore
Jyoti CNC Automation IPO ends 1st day with 2.51 times subscription (09-01-2024)
The Initial Public Offer (IPO) of Jyoti CNC Automation was fully subscribed within hours of opening for bidding on Tuesday, largely helped by heavy participation from retail investors, and later ended the day with 2.51 times subscription.
The IPO received bids for 4,40,01,675 shares against 1,75,39,681 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 8.25 times and that for non-institutional investors received 3.63 times subscription. The portion for Qualified Institutional Buyers (QIBs) got subscribed 2 per cent.
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors.
The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore.
The public issue, with a price band of Rs 315-331 per share, will conclude on January 11.
Proceeds from the issue would be used for debt payment, funding the long-term working capital requirements of the company, and general corporate purposes.
Jyoti CNC Automation is
Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report (09-01-2024)
The world’s largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products
Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500 (09-01-2024)
The brokerage says the global macro environment has turned more favourable compared to two months ago with expectations of stronger US growth and optimism around rate cuts by the US Federal Reserve
Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains (09-01-2024)
A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year
CoinDCX sets aside $1 million to aid asset transfers from foreign exchanges (09-01-2024)
This comes after the finance ministry’s FIU last month issued show cause notices to nine offshore crypto exchanges for operating in India ‘illegally’
Zee Ent tanks 13% in worst day since Feb 2023 as Sony may call off merger (09-01-2024)
The stock ended off lows after ZEEL issued a clarification and called news of the Zee-Sony merger termination baseless and factually incorrect
Gold, silver prices fall Rs 200, yellow metal selling at Rs 63,050 (09-01-2024)
The price of 22-carat gold declined Rs 200, with the yellow metal selling at Rs 57,800