The price of ten grams of 22-carat gold rose Rs 300 to Rs 55,600
Posts in category Business Standard
MARKET LIVE: Sensex up 100 pts, Nifty50 above 18,650 in pre-open deals (07-06-2023)
Stock market live updates: The SGX Nifty signaled a firm start on Wednesday as it rose over 50 points to 18,745 levels
Book profits in Nifty FMCG and await clear direction in Nifty Metal index (07-06-2023)
Nifty FMCG is in the overbought zone, indicating that it is expected to trade sideways or experience a timewise or a pricewise correction, says Ravi Nathani
Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts (07-06-2023)
The breadth of the market is bullish as more than 67 per cent of the stocks are trading above their 200 DMA, says Vinay Rajani of HDFC Securities
SAT overrules Sebi’s order on cancelling of Brickwork Ratings’ licence (06-06-2023)
India’s markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal’s website
SAT overrules Sebi’s order on cancelling of Brickwork Ratings’ licence (06-06-2023)
India’s markets appeals tribunal set aside a ruling by the markets regulator cancelling the licence of Brickwork Ratings India, according to an order published on the tribunal’s website
IKIO Lighting IPO subscribed 1.55 times of Rs 606.5 cr on Day 1 of offer (06-06-2023)
The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday.
The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data.
The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent.
The IPO has a fresh issue of up to Rs 350 crore and an Offer for Sale of up to 90 lakh equity shares.
The price range for the offer is Rs 270-285 a share.
On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors.
Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company’s wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes.
IKIO Lighting is a ..
IT stocks witness fresh turbulence; posts biggest decline in nearly 2 mths (06-06-2023)
Software firm EPAM’s guidance cut fresh trigger; underscores weak discretionary spending, say analysts
US SEC charges Coinbase for operating as unregistered securities exchange (06-06-2023)
The Securities and Exchange Commission is charging Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.
Coinbase was also charged for failing to register the offer and sale of its crypto asset staking-as-a-service program.
Users of trading platforms can stake their cryptocurrency, essentially locking up some of their assets, in exchange for payment later, much like earning interest rates in a savings account. Those assets are used by platforms like Coinbase Global to guarantee other transactions taking place on the blockchain. Coinbase has been critical of regulations related to staking, calling them vague.
The SEC complaint also alleges that Coinbase’s holding company, Coinbase Global Inc., is a control person of Coinbase and therefore is also liable for some of Coinbase’s violations.
Shares of Coinbase Global tumbled nearly 17% before the market open on Tuesday.
The SEC, which had warned Coinbase
Proventus Agrocom made stellar debuts with around 12% premium on NSE Emerge (06-06-2023)
/ — Proventus Agrocom Limited, the Mumbai-headquartered one-stop shop for healthy snacking solutions, made a stupendous debut on NSE Emerge the SME exchange platform of the National Stock Exchange.
The company’s shares were listed at a premium of 12% at Rs 862 a share over its issue price of Rs 771 per share. It locked at upper circuit with only buyers on exchange.
The company witnessed total traded volumes of 1.67 lakh shares and clocked a turnover of approx. Rs 13.86 crore as of 11am on its debut day.
The company’s IPO was issued open for subscriptions from May 24 to May 26 and the issue saw an overall subscription of close to 2.75 times.
On the listing ceremony, many dignitaries and industry personalities were present to grace the occasion.
Durga Prasad Jhawar, Managing Director & CEO, Proventus Agrocom, said: “We aim to inspire healthier choices for nutritious living and sustained well-being by facilitating our customers with nature’s most nutritious snacks. The IPO and its