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Posts in category Business Standard
Mkts see optimism in RBI’s status quo, gain for 5th day after initial fall (06-04-2023)
Gains in index majors HDFC twins and Reliance Industries helped offset losses in IT, Power and FMCG stocks amid weak global trends
NSE, BSE to move Adani Green to long term additional surveillance 1st stage (06-04-2023)
Leading bourses NSE and BSE on Thursday said Adani Green Energy will be moved to the first stage of the long term additional surveillance measure framework from April 10.
On March 28, both the exchanges had put Adani Green Energy under the second stage of the long term Additional Surveillance Measure (ASM) framework.
In two separate circulars, the bourses said Adani Green Energy will continue in the framework but will be moved to respective lower stage ASM from April 10.
The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio.
Meanwhile, stocks of all the 10 listed firms of the Adani group on Thursday ended the day in the positive territory, with Adani Transmission, Adani Green Energy, Adani Total Gas and NDTV each climbing 5 per cent.
Many of the group firms hit their upper circuit limits during the day.
After taking a beating on the bour
Street sees no major surprise in RBI’s interest rate pause decision (06-04-2023)
Realty stocks could see more gains while banking and NBFCs may witness a relief rally
IPO of Avalon Technologies subscribed 2.21 times on final day of offer (06-04-2023)
The offer comprised new shares worth Rs 320 crore and an offer for sale component of Rs 545 crore
Mutual fund AUM surges 5% in FY23; SBI widens lead, shows data (06-04-2023)
The industry growth in FY23 was much lower than that of FY22, when the AUM grew over 20 per cent on the back of a strong market rally and record fresh investments
Fund houses ponder ways to cushion tax blow to debt mutual funds (06-04-2023)
New offerings, lowering costs, debt-plus arbitrage schemes among measures planned
Go Digit General Insurance re-files preliminary IPO papers with Sebi (06-04-2023)
Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, has refiled preliminary IPO papers with Sebi after making certain changes to its employee stock appreciation rights scheme, an update with the markets regulator showed on Thursday.
This came after Sebi returned Go Digit’s draft IPO (Initial Public Offering) papers on January 30 and asked the company to refile the documents with certain updates.
The size of the company’s IPO remain unchanged in the revised documents.
Go Digit’s proposed IPO comprises fresh issuance of equity shares worth Rs 1,250 crore and an Offer For Sale (OFS) of 10.94 crore equity shares by a promoter Go Digit Infoworks Services and existing shareholders.
Proceeds from the fresh issuance have been proposed to be utilised for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes.
The company had first filed the draft red herring prospectus (DRHP) with the Securities and Exchange
This casting & forging company stock has zoomed 107% in less than 10 months (06-04-2023)
RK Forgings and Titagarh consortium had recently won Rs 12,226 cr contract for manufacturing and supply of 1.54 mn forged wheels of different rolling stocks to the Railways over a period of 20 years.
Anupam Rasayan hits 52-week high; zooms 58% in 2 mths on strong biz outlook (06-04-2023)
Last month, ARIL signed LoI worth revenue of $120 million (Rs 984 crore) for the next 6 years with Japanese Chemical company