The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.
Posts in category Business Standard
GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP (04-09-2023)
The company said the total contract value for Prayagraj & Mirzapur Zone is about Rs 2,386.72 crore and for Varanasi & Azamgarh Zone is about Rs 2,736.65 crore.
IRFC zooms 28% in 2 days on heavy volumes; market-cap hits Rs 80,000 crore (04-09-2023)
Shares of state run financier Indian Railway Finance Corporation (IRFC) hit a record high of Rs 64.50, nearly doubled since July, from the level of Rs 32.35 on the BSE.
Stocks to Watch: IDBI Bank, Paytm, Hero Moto, Eicher, BEL, ICICI Bank, RVNL (04-09-2023)
Stocks to watch on September 4, 2023: The government has invited bids to appoint an asset valuer for its stake sale in IDBI Bank
Stock Market LIVE: Gift Nifty trades in green; Brent crude holds $88/bbl (04-09-2023)
Stock market LIVE updates, September 4, 2023: US markets are closed today on account of Labour Day holiday
Nifty 50: 3 ways in which the index could move, near-term target & more (04-09-2023)
The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs
Nifty 50: 3 ways in which the index could move, near-term target & more (04-09-2023)
The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs
Gold, silver prices unchanged; yellow metal trading at Rs 60,220 per 10g (04-09-2023)
The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 55,200
FPI inflows hit 4-month low at Rs 12,262 cr in Aug on resurfacing inflation (03-09-2023)
After pouring a whopping amount into Indian equities in the past three months, foreign investors have slowed down the pace of inflow to Rs 12,262 crore in August on higher crude oil prices and resurfacing of inflation risks.
“FPIs are adopting a ‘wait and watch’ approach rather than making a complete U-turn. There continues to be uncertainty in the global economy and the underlying scenario is fast changing. This will make the flows from FPIs volatile,” Himanshu Srivastava, Associate Director – Manager Research, Morningstar India, said.
According to the data with depositories, Foreign Portfolio Investors (FPIs) invested a net amount of Rs 12,262 crore in Indian equities in August. This figure includes investment through the primary market and bulk deals, which have been gathering momentum recently.
This is the lowest investment in the last four months. Before this investment, FPIs invested over Rs 40,000 crore each in the past three months in Indian equities.
The net inflow by FPIs
Sebi to curb finfluencers to help investors get accurate, unbiased info (03-09-2023)
The rise of financial influencers or finfluencers, who charge as high as Rs 7.5 lakh for a post on social media, introduced a new way for people to access and interpret financial information, and now they will soon come under the regulatory purview as Sebi proposed measures to curb their mushrooming numbers.
The proposed move by Sebi not only ensures that investors receive accurate and unbiased information but also helps in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI.
Under the proposal, finfluencers need to be registered with Sebi and adhere to specific guidelines. Also, it has been proposed to ban unregistered finfluencers from partnering with mutual funds and stockbrokers for promotional activities.
While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based