Share market holiday: According to the list of trading holidays on the website of BSE, apart from today’s holiday, the stock market will remain closed for 11 more days in 2023
Posts in category Business Standard
Gold price falls Rs 330 to Rs 59,670; silver declines Rs 500 to Rs 74,000 (04-04-2023)
The price of ten grams of 22-carat gold fell Rs 300 to Rs 54,700
Markets end in green after volatile day; Sensex rises 114.92 points (03-04-2023)
Extending gains to the third day, the broader NSE Nifty advanced 38.30 points or 0.22 per cent to close at 17,398.05 points
IPO of Avalon Technologies subscribed 3% on first day of issue (03-04-2023)
The retail investor portion of the issue was subscribed 16 per cent
IRB Infra becomes the first company to list privately-placed InvIT (03-04-2023)
A month ago, Sebi notified new guidelines requiring all existing non-listed privately-placed InvITs to consider listing on stock exchanges in order to bring in more transparency
KPIT shares plunge 12.5% after JPMorgan report takes ‘underweight’ call (03-04-2023)
The brokerage has assigned a target price of Rs 520, or 36 per cent lower that KPIT’s last closing price of Rs 810
Opec-plus cut weighs on OMC shares, BPCL and HPCL shed over 4% each (03-04-2023)
Analysts said Street is worried that sustained oil price hike could put pressure on OMC margins as govt may not pass the entire burden on to customers
Rs 414 cr paid to 34,497 Karvy clients from NSE’s investor protection fund (03-04-2023)
The government on Monday said Rs 414.24 crore has been paid to a total of 34,497 clients of Karvy Stock Broking Ltd (KSBL) from the National Stock Exchange’s (NSE) investor protection fund till March 2023.
In addition, NSE along with other market infrastructure institutions (MIIs) have also monetised the mutual fund distribution business of KSBL, and funds amounting to Rs 150 crore have been realized and the same is being utilized for distribution to clients of KSBL, Minister of State for Finance Pankaj Chaudhary said in a written reply to Lok Sabha.
The case pertains to Karvy unauthorisedly transferring securities of its clients in one of its demat accounts by misusing Power of Attorney (PoA) given to its clients.
NSE and BSE suspended trading terminals of KSBL from December 2, 2019 and declared it a defaulter on November 23, 2020 for misusing clients’ funds and securities.
Moreover, NSE has declared 32 stock brokers as defaulters in the past five years for failing to comply wit
Property market steady in Jan-Mar; housing sales up 1%: Knight Frank (03-04-2023)
Indian real estate witnessed steady demand during January-March with housing sales rising by 1 per cent and gross office space leasing growing by 5 per cent year-on-year across eight major cities, Knight Frank India said on Monday.
Housing prices rose in the range of 1-7 per cent annually in the first quarter of this calendar year, while office rentals grew 2-9 per cent, according to real estate consultant Knight Frank ‘India Real Estate’ report released on Monday.
As per the data, housing sales stood at 79,126 units across eight major cities during January-March 2023, up by marginal 1 per cent from the year-ago period.
The gross office leasing rose 5 per cent to 11.3 million square feet in January-March, from 10.8 million square feet in the corresponding period of the previous year.
“The residential market remained resilient in the face of rising interest rates and prices as sales level sustained in the first quarter of the year,” Knight Frank India Chairman & Managing Director ..
Aeroflex Industries files draft papers to raise Rs 350 crore through IPO (03-04-2023)
Stainless steel flexible hose manufacturer Aeroflex Industries Ltd has filed draft papers with capital markets regulator Sebi to mobilise Rs 350 crore through an initial share-sale.
The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by promoter entities — Sat Industries and Italica Global FZC, according to the draft red herring prospectus (DRHP).
The OFS comprises sale of 1.23 crore shares by Sat Industries Ltd and up to 52 lakh shares by Italica Global FZC.
At present, Sat Industries owns 92.18 per cent stake in the company, while Italica Global FZC holds 6.52 per cent stake.
Proceeds from the fresh issue will be utilised to the extent of Rs 35 crore for the payment of debt, Rs 84 crore for funding its working capital requirements, and a certain amount will be used for general corporate purposes and acquisitions for inorganic growth.
According to merchant banking sour