The price of 22-carat gold remained unchanged and the yellow metal is selling at Rs 55,350
Posts in category Business Standard
Five-Star Business Finance zooms nearly 20% on strong Q1 show (31-07-2023)
The stock has now rallied 83 per cent from its IPO price of Rs 474 per share in less than nine months.
Power Grid hits record high as it emerges successful bidder for 2 projects (31-07-2023)
Power Grid’s board also approved proposal to raise up to Rs 5,700 crore through issuance of bonds on a private placement basis in multiple tranches in 2023-24
Power Mech zooms 20% on securing mega mine development contract from SAIL (31-07-2023)
The company has bagged a Mine Development and Operation (MD) project for an estimated value of Rs 30,438 crore from SAIL, and the duration of the contract is 28 years.
Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL (31-07-2023)
Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today
Trend bullish for Nifty50, Bank Nifty indices; buy near support levels (31-07-2023)
Nifty50 and Bank Nifty indices crucial support (immediate) at 19,575 and 45,236; should be bought as the overall trend remains bullish, says Ravi Nathani
Stock Market Live: Sensex off day’s low, up 100 pts; Metal index rises 1% (31-07-2023)
Stock market live updates: Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.5 per cent
Sebi bans Excel Realty N Infra, 4 others from securities mkt for upto 2 yrs (30-07-2023)
Sebi has barred five entities, including Excel Realty N Infra and its promoters, from the securities market for up to two years and levied a fine totalling Rs 1.75 crore on them for being involved in a fraudulent scheme of misrepresenting the company’s financial statements.
The barred entities are promoters of listed entity Excel Realty N Infra (Excel) — Lakhmendra Chamanlal Khurana (Chairman & MD of Excel), Ranjana Khurana Lakhmendra and Arpit Lakhmendra Khurana — and Pramod Yeshwant Kokate who was chief financial officer of Excel.
On the basis of a complaint received by Sebi, the markets watchdog conducted a detailed examination into the affairs of Excel Realty N Infra for the period from April 2016 to March 2021.
In its examination, Sebi found that the transactions executed by Excel with 24 seller parties amounting to around Rs 119 crore constituting approximately 66 per cent of the total assets of Excel from FY 2016-17 to 2020-21, were misrepresented in the balance sheet of .
BankBazaar.com hopes to breakeven this fiscal, to file DRHP for IPO next yr (30-07-2023)
Fintech firm BankBazaar.com expects its bottomline to turn positive this financial year helped by newer products including co-branded credit cards on UPI.
Post breakeven, the company would start the preparation for listing and hopes to file the Draft Red Herring Prospectus for initial public offering (IPO) in the next financial year, BankBazaar.com founder and CEO Adhil Shetty told PTI.
The company which started off as a loan comparison platform in 2008, is now majorly into co-branded credit card space, issuing such cards in association with banks.
The company expects to soon launch co-branded credit cards on UPI, he said, adding that this is going to accelerate revenue as demand for credit is high.
Besides, he said, targeted no-cost EMIs every month are going to add to topline and the company is set to push revenue to over Rs 250 crore in FY24 with profit.
During the first quarter, the company posted a 51 per cent increase in revenue driven by its portfolio of co-branded credit c
Hybrid schemes gain traction; attract Rs 14,000 cr in June qtr after change (30-07-2023)
After witnessing incessant outflow for three consecutive quarters, hybrid mutual fund schemes have caught investors’ fancy and attracted over Rs 14,000 crore for three months ended June, following a recent change in taxation for debt funds.
This was way higher than the Rs 10,084 crore inflow seen in hybrid schemes in the April-June quarter of 2022, data from the Association of Mutual Funds in India (Amfi) showed.
In addition, the asset base of hybrid funds and investors’ account or folio numbers of such schemes increased in the quarter under review.
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
These funds appeal more to investors with a moderate or low-risk profile. Hybrid funds are good investment options as they reduce the volatility associated when participating in equity markets while simultaneously providing stability in the fixed-income market.
Going by the data