Brent futures fell $3.70 to $78.40 a barrel, a 2.9 per cent loss. US crude dropped 3.5 per cent, to $73.36 per barrel. Both benchmarks plunged more than 4 per cent
Posts in category Business Standard
Radiant Cash Mangement’s shares end debut session at an 11.4 % premium (04-01-2023)
The company plans to use the proceeds of the fresh issue to fund its working capital requirements and capital expenditure requirements for the purchase of specially fabricated armoured vans
Gold prices rise to mid-June highs as markets look to US Fed minutes (04-01-2023)
The market now awaits the 2 p.m. EST release of the minutes from the Fed’s Dec. 13-14 policy meeting
Asian stocks in 2022 suffer biggest foreign outflows since 2008 crisis (04-01-2023)
After four straight 75-basis point hikes earlier in 2022, the US Federal Reserve raised its overnight borrowing rate by another 50 basis points in December
Varun Beverages, ABB India rise to MFs’ largecap bucket after strong run-up (04-01-2023)
Muthoot Finance, Paytm move to the midcap list after MF industry rejigs stock classification
Sah Polymers IPO subscribed 17.46 times on last day of offer: NSE data (04-01-2023)
The initial public offer of Sah Polymers was subscribed 17.46 times on the last day of subscription on Wednesday.
The initial share-sale received bids for 9,79,44,810 shares against 56,10,000 shares on offer, as per data available with the NSE.
The Retail Individual Investors (RIIs) part was subscribed 39.78 times, the category for non-institutional investors received 32.69 times subscription and Qualified Institutional Buyers (QIBs) 2.40 times.
The Initial Public Offer (IPO) had a fresh issue of 1.02 crore equity shares.
Price range for the offer was at Rs 61-65 a share.
Pantomath Capital Advisors was the manager to the offer.
The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel.
The equity shares are proposed to be listed on the BSE and NSE.
FPI selling and decline in heavyweights pull Sensex 637 points down (04-01-2023)
The Nifty fell 189 points to end the session at 18,043 a decline of 1.04 per cent
Three South Korean EV battery maker’s global market sinks in 2022 (04-01-2023)
The market portion of LG Energy Solution fell to 12.3 percent from 19.6 percent during the period, with its global ranking dropping to third place from second
IndusInd Bank slips 5% in a weak market despite strong Q3 update (04-01-2023)
While the deposit growth came in healthy at 3 per cent QoQ (up 14.3 per cent YoY to Rs 3.25 trillion), the CASA mix declined 40bp QoQ to 42 per cent
TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market (04-01-2023)
Indian electronics industry is estimated to grow at a CAGR of 25 per cent from Rs 8.72 trillion in FY21 to Rs 26.5 trillion in FY25, the company said