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Posts in category Business Standard
City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA (21-12-2022)
The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.
Oil prices up as US crude stocks seen falling, dollar eases in early trade (21-12-2022)
Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29
Vinay Rajani recommends to hold longs on Nifty with a stop at 18,200 (21-12-2022)
Among individual stocks, the technical & derivative analyst from HDFC Securities is bullish on NLC India and Mazagon Dock.
Former FTX CEO Sam Bankman-Fried to fly to US today, escorted by FBI agents (21-12-2022)
Sam Bankman-Fried signed his surrender documents on Tuesday, he will sign a separate set of papers finalising his waiver of rights to fight extradition
Former FTX CEO Sam Bankman-Fried to fly to US today, escorted by FBI agents (21-12-2022)
Sam Bankman-Fried signed his surrender documents on Tuesday, he will sign a separate set of papers finalising his waiver of rights to fight extradition
MARKET LIVE: SGX Nifty hints positive start on mixed global cues, up 70pts (21-12-2022)
Stock market live updates: At 8:10 am, the SGX Nifty quoted around 18,502 levels, up over 50-odd points
Stocks to Watch: IRFC, Airtel, Jubilant Food, Delhivery, CBI, KP Energy (21-12-2022)
Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.
Radiant Cash IPO to open on Friday; sets price band at Rs 94-99 per share (20-12-2022)
Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public offering.
The initial share-sale will open for public subscription during December 23-27, the company said in a statement.
The IPO comprises fresh issue of shares worth up to Rs 60 crore and an offer for sale (OFS) of 33,125,000 shares by promoter David Devasahayam and private equity firm Ascent Capital Advisors India.
In 2015, Ascent Capital had acquired 37.2 per cent stake in the company.
Based on the upper band of the share price, the IPO is expected to fetch Rs 388 crore.
Proceeds from the fresh issue component will be used for funding working capital requirements as well as capital expenditure requirements for purchase of specially fabricated armoured vans, the Chennai-based company said.
Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
IIFL Securities Limited, Motilal Oswal Investment
Fintech player Zaggle files IPO papers with Sebi to mobilise funds (20-12-2022)
Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
The IPO (initial public offering) comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other shareholders, according to the draft red herring prospectus (DRHP).
Those offering shares in the OFS include promoters — Raj P Narayanam and Avinash Ramesh Godkhindi and investors — VenturEast Proactive Fund LLC, GKFF Ventures, VenturEast SEDCO Proactive Fund LLC, and Ventureast Trustee Company.
Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes.
Founded in 2011, the company operates in the business-to-business-to-customer segment. It has created a market niche in the country by offering a combined soluti