The company has just secured $300 million in funding, led by a sovereign fund, pushing the valuation from $5 billion to $6 billion
Posts in category Business Standard
Indian Hotels gains 3% to hit record high on healthy business outlook (25-05-2023)
In the past one year, IHCL has outperformed the market as shares zoomed past 75 per cent, as against a 15 per cent rise in the S&P BSE Sensex
ITC hits new high, up for the 5th straight day; soars 32% so far in 2023 (25-05-2023)
Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.
Stocks to Watch today, May 25: Nykaa, LIC, Adani Group, Hindalco, Nalco (25-05-2023)
Stocks to watch on May 25, 2023: AIA Engineering, eClerx, GSFC, Voda Idea, IEX, IFCI, Page Inds, SAIL, Strides Pharma, and Zee among prominent companies scheduled to announce Q4 results on Thursday.
Outlook bearish for Nifty Pharma index, buy when index is below 11,800 (25-05-2023)
Sell the Nifty Pharma index and its constituents and book profits, as the index has been underperforming in recent days
Nifty ends May F&O series above 18,300; Sensex gains 99 points (25-05-2023)
Stock market live updates: The SGX Nifty, on Thursday, signaled at negative start for the bourses as it stood around 18,270 levels, down 14-odd points
Gold price rises Rs 260 to Rs 61,360; silver falls Rs 450 to Rs 74,050 (25-05-2023)
The price of ten grams of 22-carat gold rose Rs 250 to Rs 56,250
BSE, NSE put securities of Adani Enterprises under short-term ASM framework (24-05-2023)
Leading bourses BSE and NSE will put the securities of Adani Enterprises under the short-term ASM framework from Thursday.
The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio.
Adani Enterprises Ltd is shortlisted in short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 25, the National Stock Exchange (NSE) and the BSE said in two separate circulars on Wednesday.
Under the short-term ASM, the exchanges said, “applicable rate of margin shall be 50 per cent or existing margin whichever is higher, subject to maximum rate of margin capped at 100 per cent, with effect from May 26, 2023 on all open positions as on May 25, 2023 and new positions created from May 26, 2023.”
In March, NSE and BSE removed Adani Enterprises from the short-term ASM framework.
On Wednesday, Adani Enterprises stock tumbled 5.90 per cent on the BSE. I
Sebi seeks identification of parent institutions of FPIs as legal entities (24-05-2023)
Though no official circular has been issued by the market watchdog, the efforts are being seen in the light of identifying the actual entity operating these FPIs
At Rs 44,664 cr, LIC’s Adani portfolio value up 54% from Hindenburg lows (24-05-2023)
The shareholding of LIC did not change between the December quarter and the March quarter, the exchange data shows