The price of ten grams of 22-carat gold was Rs 54,980, the same as Monday
Posts in category Business Standard
Stocks to watch: IndusInd Bank, Ashok Leyland, Patanjali Foods, Ircon, IOC (18-07-2023)
Stocks to watch on July 18, 2023: From Ashok Leyland to Tata Elxsi, check out the top stocks to watch in Tuesday’s trading session
Stock market LIVE: Sensex up 200 pts led by Infy; SBI, Titan decline 1% (18-07-2023)
Share market LIVE updates: The frontline indices were led by Infosys, HDFC Bank, IndusInd Bank, ICICI Bank, Wipro, and Reliance Industries.
Fin Nifty needs to clear hurdle at 20,500; Pvt Banks index looks bullish (18-07-2023)
According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.
Sebi bans Fincap Research Investment Advisor, two individuals for 2 yrs (17-07-2023)
Capital markets regulator Sebi on Monday barred Fincap Research Investment Advisor and two individuals from the securities markets for two years for violating regulatory norms.
The regulator also slapped a penalty of Rs 14 lakh on Sonika Namdharani, proprietor of Sebi-registered Fincap Research Investment Advisor and Rs 7 lakh on Mahavir Prasad Mundra.
Further, the markets watchdog restrained them from associating themselves as a director or key managerial personnel with any listed company or any public company which intends to raise money from the public, or any intermediary registered with Sebi for a period of two years.
The order came after the Securities and Exchange Board of India (Sebi) conducted an inspection of Fincap Research Investment Advisor from April 2018 to November 2019 (inspection period).
In its 62-page order, Sebi found that Fincap was knowingly acting in a deceitful manner by allowing Mahavir (Sonika’s husband) to run her proprietorship, submitting fake experien
NSE to hold special pre-open session for RIL on July 20 amid its demerger (17-07-2023)
The National Stock Exchange (NSE) will conduct a special pre-open session for Reliance Industries Ltd on July 20 on account of the demerger of its financial services business Reliance Strategic Investments Ltd.
The spun-off entity Reliance Strategic Investments Ltd (RSIL) will be renamed as Jio Financial Services (JFSL).
The demerged company can be retained in the Nifty index if the special session will be conducted by the exchange as per the new methodology.
Following the demerger, Reliance Industries would continue to be part of Nifty Indices.
Besides, the spun-off entity will be included in several Nifty indices, including Nifty 50, Nifty 100, Nifty 200, and Nifty 500 from July 20, NSE Indices said in a statement on Monday.
For at least three days from July 20 onwards, there will be 51 stocks available for trading on the Nifty 50 as the demerged entity will be part of the index.
“In accordance with the index methodology, spun off entity (Jio Financial Services) shall be includ
Raging bull: Benchmarks indices log fresh highs; Sensex gains 529 points (17-07-2023)
HDFC Bank result, buying in RIL ahead of demerger boost indices, Nifty tops 19.7k
Netweb Technologies IPO subscribed 2.33 times on Day 1 of offer on Monday (17-07-2023)
The initial public offering of Netweb Technologies was subscribed 2.33 times on the first day of the offer on Monday.
The three-day Rs 631-crore initial share sale received bids for 2,06,05,860 shares against 88,58,630 on offer, according to NSE data.
The non-institutional investors’ category received 3.61 times subscription while the retail individual investors (RIIs) portion was subscribed three times. The Qualified Institutional Buyers (QIBs) portion was subscribed 3 per cent.
The initial public offering (IPO) has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85,00,000 equity shares.
The price range for the offer is Rs 475-500 a share.
Homegrown server maker Netweb Technologies had on Friday said it has collected Rs 189 crore from anchor investors.
Proceeds of the fresh issue to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, and Rs 22.5 crore for debt payment, besides general corpo
BSE-listed firms’ market valuation touches all-time high of Rs 303.59 trn (17-07-2023)
The rally came despite weakness in European markets and a mixed ending in key Asian gauges
Financial Stability Board seeks measures to regulate cryptoassets (17-07-2023)
Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said