Stock market live updates: At 8:01 am, the SGX Nifty quoted 18,355 levels, up over 100-odd points
Posts in category Business Standard
Some of the world’s biggest economies hunting for alternatives to US dollar (22-12-2022)
Smaller nations, including at least a dozen in Asia, are also experimenting with de-dollarization. Corporates around the world are selling an unprecedented portion of their debt in local currencies
Stocks to Watch: Sula Vineyards, RIL, Spandana, Speciality Restaurants (22-12-2022)
Stocks to Watch Today: Shares of Sula Vineyards likely to list on a tepid note on Thursday.
Global stock markets advance but face highest monthly losses since 2008 (22-12-2022)
The MSCI All-World index rose about 1.1% on the day, although it is on track for a more than 3% decline in December
KFin Technologies IPO subscribed 2.6 times on concluding day of issue (21-12-2022)
KFin Technologies first considered launching a Rs 2,400-crore IPO but reduced the issue size to Rs 1,500 crore to align with market conditions
Sebi slaps Rs 10 lakh fine on Reliance Commercial Finance for defying norms (21-12-2022)
Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 10 lakh on Reliance Commercial Finance Ltd (RCFL) for flouting disclosure norms.
Reliance Commercial Finance, whose debt securities are listed on the stock exchanges, has been directed to pay the fine within 45 days.
In its order, Sebi found that RCFL did not give prior intimation to the stock exchange (at least 11 working days before the date) with respect to the due date of payment of interest on certain non-convertible debentures (NCDs) and also made a delay in submission of the record date.
Also, it did not submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of such obligations in respect of the NCDs.
“I note that from the qualified opinion of the statutory auditor in the audited financial result of RCFL for the half year ended March 31, 2020, it appeared that proceeds raised from issue of debt securities/ NCDs may have bee
Foreign investors buy Indian equities in Dec first half even as stocks slip (21-12-2022)
Foreign investors have latched on to domestic equities between Oct. 15 and Dec. 15 and are on course to become net buyers for two consecutive months
FPIs pull out a record Rs 1.22 trn from Indian market so far this year (21-12-2022)
But despite the heavy FPI selling, the Sensex has managed a YTD gain of 4.8 per cent on the back of strong domestic flows
Covid fears, profit booking pulls indices; Sensex down 635 points (21-12-2022)
Foreign Portfolio Investors (FPIs) were net buyers to the tune of Rs 1,119 crore, according to provisional data from exchanges
Elin Electronics IPO subscribed 95% on day two of offer (21-12-2022)
The Initial Public Offer (IPO) of electronics manufacturing services company Elin Electronics was subscribed 95 per cent on the second day of subscription on Wednesday.
The IPO received bids for 1,34,54,580 shares against 1,42,09,386 shares on offer, as per NSE data.
The category meant for non-institutional investors was subscribed 1.29 times, Retail Individual Investors (RIIs) received 1.33 times subscription and Qualified Institutional Buyers (QIBs) portion 1 per cent.
The IPO has a fresh issue of up to Rs 175 crore and an offer for sale of up to Rs 300 crore, aggregating up to Rs 475 crore.
The initial share-sale of Elin Electronics received 37 per cent subscription on the first day of offer on Tuesday.
Price range for the offer is at Rs 234-247 a share.
Delhi-based Elin is a manufacturer of end-to-end product solutions for major brands of lighting, fans, and small kitchen appliances, and a leading fractional horsepower motors manufacturer in the country.
Axis Capital and JM