The data-tracking firm analysed resolutions voted on during AGMs, EGMs, and court-convened meetings between April 1 and September 30, 2023
Posts in category Business Standard
Indices snap two-day gain; settle lower; Nifty declines over 61 points (31-10-2023)
Titan, Kotak Mahindra Bank, Asian Paints, HCL Technologies, Tech Mahindra, NTPC, Nestle and Power Grid were the major gainers
October tremors: Nifty posts worst decline in 10 months, shows data (31-10-2023)
The Nifty fell 2.8 per cent in October, and the Sensex by 3 per cent, their biggest fall since December 2022
ESAF SFB to launch IPO on Nov 3 with price band at Rs 57-60/share (31-10-2023)
ESAF Small Finance Bank Ltd on Tuesday said it has fixed the price band at Rs 57-60 per share for its Rs 463-crore initial share sale that will hit the Indian stock exchanges on November 3.
The Initial Public Offering (IPO) of the company will conclude on November 7, while the anchor portion will open on November 2.
The firm has lowered its size of fresh issue of equity shares worth up to Rs 390.70 crore from the earlier target of Rs 486.74 crore. It has also reduced its offer for sale component from Rs 142.3 crore to Rs 72.30 crore, as per the red herring prospectus (RHP).
Those selling shares in the OFS are promoter ESAF Financial Holdings Pvt Ltd and other shareholders PNB MetLife India Insurance Company Ltd, and Bajaj Allianz Life Insurance Company Ltd.
Further, investors can bid for a minimum of 250 equity shares and in multiples of 250 equity shares thereafter.
At present, ESAF Financial Holdings owns a 62.46 per cent stake in the small finance bank, while PNB MetLife and Ba
APL Apollo, Tata Motors, Lodha seen getting added to MSCI indices (31-10-2023)
An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)
Gold demand loses lustre in peak festival season in India as prices rally (31-10-2023)
India is the world’s second-largest gold consumer, and a drop in purchases could limit a rally in global prices. Falling demand for gold imports could also help narrow India’s trade deficit
Q3 gold demand up 10%; price to play key role in Dhanteras buying (31-10-2023)
Gold demand in India, the world’s second-largest consumer of the yellow metal, rose 10 per cent to 210.2 tonnes during the third quarter of this calendar year, aided by softening of gold prices and festive demand, according to the World Gold Council (WGC).
Speaking to PTI, WGC India Regional CEO Somasundaram PR said gold prices softened a bit during the last quarter but now they have started inching up. Prices will play a critical role during the Dhanteras festival and wedding season in the next two months.
Trade feedback is that consumers have accepted the Rs 60,000 per ten-gram price point, so a downward correction could trigger a significant jump in demand.
Dhanteras is considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, to other valuables.
Releasing the quarterly gold demand report, the WGC said India’s gold demand increased to 210.2 tonnes during the third quarter of 2023 calendar year, from 191.7 tonnes in the ..
Broking shares rally up to 20%; Emkay, Nuvama, Angel, MOFSL hit 52-wk highs (31-10-2023)
Emkay Global zoomed 20% to Rs 107.49, its highest level since May 2022 on the BSE, after reporting a consolidated PAT of Rs 9.69 crore in Q2FY24 against a loss of Rs 1.78 crore in Q1FY24
India sitting on tsunami of equities; Nifty to double in 5 years: Raamdeo (31-10-2023)
BS BFSI Insight Summit 2023: India is an extremely well explored market. What concerns me is buying a stock at a reasonable valuation, he said
KPIT Tech hits record high, surges 11% after raising FY24 growth outlook (31-10-2023)
KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier.