Also approves Rs 100 cr NCD issuance
Posts in category Business Standard
Bitcoin ticks closer to $100,000 in extended surge following US elections (22-11-2024)
Bitcoin extended its streak of record highs after ticking above USD 99,000 for the first time overnight. The cryptocurrency has rocketed more than 40 per cent in just two weeks.
Now, bitcoin is at the doorstep of USD 100,000, just two years after dropping below USD 17,000 following the collapse of crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more crypto-friendly approach toward regulating the digital currency.
Bitcoin was trading at USD 98,882 early Friday, according to CoinDesk.
As with everything in the volatile crypto markets, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks.
Here’s what you need to know.
Back up. What is cryptocurrency again?
Cryptocurrency has been around for a while now. But, chances are, you’ve heard about it more and more over the last few years.
In basic terms, cryptocurrency is digital money. This kind of currency i
Route Mobile UK to hike stake in PT Route Mobile Indonesia (22-11-2024)
The Board of Directors of Route Mobile (UK) (RML UK), a wholly-owned subsidiary of Route Mobile, has approved the acquisition 7,507,500 shares of IDR 1000/-, aggregating to IDR 7,507,500,000 of PT Route Mobile Indonesia (RM Indonesia), on 22 November 2024 to meet the local law requirements. Upon allotment of equity shares by RM Indonesia, the total investment of RML UK in RM Indonesia will be 99,99,990 shares, representing 99.90% of the total equity share capital in RM Indonesia.
Market regulator Sebi may step in for appointments of key officials at MIIs (22-11-2024)
Proposes to align their hiring process with that of MD
Exchanges seek clarification on disclosure violations by Adani Group firms (22-11-2024)
Stock exchanges have sought clarification on violation of disclosure norms by Adani Group entities regarding the alleged bribery case in the US and subsequent cancellation of Kenya’s airport expansion deal.
In its response to the case in the US, Adani Group firms on Thursday had said “there are no allegations made against the company”.
On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses.
While there was no word from Sebi officials, experts pointed out the regulator will have to definitely look into it if there are any disclosure and other violations and take necessary action.
Billionaire Gautam Adani, his nephew Sagar Adani, and others have been charged by US prosecutors with allegedly being part of an elaborate scheme to pay USD 265 million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts.
The United
Sebi asks exchanges to look into disclosure concerns on Adani Group (22-11-2024)
Exchanges have sought clarification from the group entities on LODR-related lapses, if any
Investors fully subscribe Enviro Infra Engineers IPO on day 1 of offer (22-11-2024)
The initial share sale of Enviro Infra Engineers, which is involved in development of turnkey projects of sewage treatment plants and sewerage system, got fully subscribed on the first day of the offer on Friday.
The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data.
The portion for non-institutional investors attracted 2.98 times subscription while the qualified institutional buyers (QIBs) part got subscribed 2.04 times. The category for retail individual investors (RIIs) fetched 1.70 times subscription.
Enviro Infra Engineers on Thursday collected about Rs 195 crore from anchor investors.
The Rs 650-crore initial share sale is in a price range of Rs 140-148 apiece.
The company’s IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters.
Currently, promoters hold over 93 per cent stak
Sequent Scientific consolidates its holdings in N-VET AB, Sweden and Alivira Italia SRL, Italy (22-11-2024)
Consequent to the above acquisitions, N-VET AB and Alivira Italia SRL have become Wholly Owned Subsidiaries of the Company.
Pricol receives upgrade in credit rating from India Ratings & Research (22-11-2024)
Fund based and non-fund based working capital limits (Rs 80 crore) – IND A+; Stable/ IND A1+ (upgraded)
NSE SME Onyx Biotec slips on debut (22-11-2024)
Shares of Onyx Biotec were trading at Rs 56.75 on the NSE, a discount of 6.97% compared with the issue price of Rs 61.