Hemanth Reddy Gaddam has also resigned as whole-time director & CFO of the company with effect from closing hours on May 2023 to focus on its subsidiary Balaji Speciality Chemicals
Posts in category Business Standard
TCS up 1% as consortium bags Rs 15,000-cr order from BSNL for 4G deployment (22-05-2023)
Tejas Networks Ltd, too, is a part of the TCS-led consortium which has bagged APO for 4G deployment
5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8% (22-05-2023)
Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.
Indian rupee poised to weaken after central bank pulls 2,000-rupee notes (22-05-2023)
The Indian rupee is expected to open weaker against the US dollar after the central bank said it will withdraw the highest-value currency note from circulation
Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent (22-05-2023)
Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.
Nifty could enter corrective phase; sell rallies with stop loss at 18,500 (22-05-2023)
A stoploss of 18,500 will help limit potential losses in case the index moves against the anticipated correction
STOCK MARKET LIVE: Sensex up 150 pts; IT stocks hold fort, pvt banks slip (22-05-2023)
Stock market live updates: The SGX Nifty, on Monday, signalled a muted start as it stood at 18,211 levels, down 28-odd points
Sebi proposes measures to contain price volatility on shares in derivative (21-05-2023)
Capital markets regulator Sebi on Sunday came out with a proposal to strengthen the existing price band formulation for scrips in the derivatives segment to deepen volatility management and minimize information asymmetry in the market.
Price bands for scrip or a derivative contract represent the boundaries within which the competing orders of buyers and sellers are accepted for the day by the trading system of the stock exchange.
For scrips having derivative contracts on them, these price bands are dynamic and can be flexed depending on trading during the day.
In its consultation paper, Sebi has proposed that in case a share in the futures and options segment falls or rises beyond 20 per cent a day, cooling off period should be increased in a phased manner, subject to a maximum cooling-off period of one hour from the current 15 minutes at present.
After this, such scrip should be permitted to move only a further up to 2 per cent as against the current limit of 5 per cent. The …
Market regulator proposes halving IPO listing time on stock exchanges (21-05-2023)
India’s market regulator proposed halving the time needed to list shares on the nation’s stock exchanges from the closure of initial public offerings (IPOs) to three days.
Market regulator proposes halving IPO listing time on stock exchanges (21-05-2023)
India’s market regulator proposed halving the time needed to list shares on the nation’s stock exchanges from the closure of initial public offerings (IPOs) to three days.