The Sensex increased by 385 points, or 0.6 per cent, to close at 66,266, its highest since 9 August
Posts in category Business Standard
Indian equity market ‘like no other’: HSBC Global Research report (07-09-2023)
Strong earnings outlook and superior return on equity help domestic market standout
SBI Mutual Fund agrees to invest Rs 410 crore in Nazara Technologies (07-09-2023)
Nazara Technologies on Thursday said the country’s largest mutual fund SBI MF has agreed to invest Rs 410 crore in the company by subscribing to its preferential allotment of equity by way of private placement.
The gaming and sports media platform said the shares carry a face value of Rs 4.
The company will issue 57,42,296 shares at a price of Rs 714 per share, aggregating to Rs 409.99 crore, to SBI Mutual Fund by way of preferential issue on a private placement basis.
The funds will be invested via three schemes of SBI Mutual Fund, namely SBI Multicap Fund, SBI Magnum Global Fund and SBI Technology Opportunities Fund, it said in a statement.
Earlier this week, Nithin and Nikhil Kamath of Zerodha invested Rs 100 crore in the company.
The issue is an addition to the issuance of up to 14,00,560 fully paid-up shares approved by the board on September 4, both together aggregating to an amount not exceeding Rs 510 crore, the company said.
The fund will be utilised to invest in funding
Regulations of global cryptocurrency assets to be focus of G20 summit (07-09-2023)
Global crypto regulations focus at G20 summit
By Nafis Alam, Monash University, Malaysia
Kuala Lumpur, Sep 7 (360info) Ongoing crypto market instability has prompted a call for global coordination on regulation to fend off attempts to ban or restrict digital currencies in some countries.
The cascade of crypto events in 2022, highlighted by the bankruptcy of crypto exchange firm FTX and its effect on trading and lending firms, underscored the inherent instability and weaknesses in crypto assets.
These incidents also showed a significant service provider collapsing can swiftly spread risks across the crypto-asset framework, making the ecosystem vulnerable.
This in turn affects the wider economy as investments lost in the crypto market are still tied to money circulating in the financial system.
Under the leadership of India’s presidency, the G20 countries are poised to introduce what could be recogni
Tiger Logistics wins order from Bharat Earth Movers; stock leaps 9% (07-09-2023)
The contract is anticipated to yield revenue of approximately Rs 10 crore
J&K Bank hits highest level since August 2015; stock zooms 47% in 1 month (07-09-2023)
The improving business and socio-political environment in the two union territories that is aiding tourism, agriculture and small businesses adds to the bank’s proposition, as per India Ratings
Responsive Industries hits record high on order win from Indian Railways (07-09-2023)
Responsive Industries said bagging two of the nation’s most prestigious rail projects — Garid Rath and Vande Bharat — underscores the company’s unparalleled expertise
Groww Mutual Fund receives Sebi approval to launch its first index fund (07-09-2023)
Groww has received the approval of the Securities and Exchange Board of India to launch its first index fund – Groww Nifty Total Markets Index Fund – through new fund offering
Stock brokers upset over strict penalties, meet NSE, Sebi officials (07-09-2023)
A senior official at one of the broker firms said that the penalties have had a severe effect on the brokers as they struggle to survive in the fiercely competitive financial landscape
Coal India stock surges over 7% on BSE; touches nearly five-year high (07-09-2023)
The stock finished the day at its highest level since October 2018