Posts in category Business Standard
Another milestone: Nifty 50 crosses 23,000-mark for the first time (24-05-2024)
After hitting a high of 23,026, Nifty 50 index settled at 22,957, down 11 points, or 0.05 per cent, over its previous day's close
Pizza Everywhere: CoinEx Celebrates Bitcoin Pizza Day with Spectacular Events Worldwide (24-05-2024)
New Delhi [India], May 24: Happy Pizza Day! Today is the day commemorating the historic event of Laszlo Hanyecz exchanging 10,000 BTC for two pizzas 14 years ago. In celebration, CoinEx is hosting spectacular events both online and offline around the world. All cryptocurrency enthusiasts are invited to join and share the prize of USD 5,200 in total.
Kidney care provider Care India aims to raise Rs 35-40 crore through IPO (24-05-2024)
Kidney care provider Nephro Care India Ltd on Friday said it aims at raising Rs 35-40 crore through an initial public offering (IPO), the majority of which will be utilised to complete its multi-speciality hospital near Kolkata.
The IPO will comprise a fresh issuance of 45.84 lakh equity shares with a face value of Rs 10 each, said Founder and MD of Nephro Care India, Dr Pratim Sengupta.
"The IPO is scheduled next month on the NSE Emerge platform, and is subject to approvals from the bourse," Sengupta said.
The promoter stake will stand at 60-65 per cent after dilution post the IPO, he said.
The 100-bed multi-speciality hospital at Madhyamgram near the metropolis will be inaugurated on July 1 on National Doctor's Day, Sengupta told PTI here.
The Kolkata-based company's upcoming medical facility is being set up at a cost of Rs 36 crore, including internal funding of around Rs 10 crore, he said.
Nephro Care India, founded in 2014, also plans to open three more kidney care units in
Nifty ends flat after hitting 23K mark, logs gain of 2% for a second week (24-05-2024)
Foreign portfolio investor (FPI) sold shares worth Rs 945 crore on Friday
Sebi tweaks framework for price band formulation in derivatives segment (24-05-2024)
The regulator has enhanced the number of trades, unique client codes, and trading members for 'flexing' of price bands. Flexing is changing the price band towards the direction of the trade
Sebi action on fantasy games operating on real-time stock market data (24-05-2024)
At least once in a financial year the list of activities and entities using this data will have to be reviewed by the board of MIIs
Aditya Birla Group’s market capitalisation crosses $100 billion milestone (24-05-2024)
The combined market capitalisation of the Aditya Birla Group firms has crossed the USD 100 billion mark (Rs 8,51,460.25 crore) on Friday.
The group firms -- UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka and Pilani Investment -- have a combined market valuation of Rs 8,51,460.25 crore on the BSE.
"The group's market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame," a statement from the group said.
ABG's market cap accretion has been double that of the S&P even in US dollar terms across one-year and three-year time horizons, it added.
Grasim has seen its market cap double to over USD 19 billion in the last 3 years on the back of incubating and scaling new high-growth engines, the statement said.
It further said that Hindalco's market cap has .
Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade (24-05-2024)
The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest
TVS Motor launches TVS HLX 125 with 5-Gears in Tanzania (24-05-2024)
Enhanced features in this variant include battery-saving headlamps for improved visibility, a convenient flat footrest, durable tubeless tyres with 18-inch alloy rear wheel and an increased wheelbase for comfortable maneuverability and better stability. Moreover, the vehicle warranty gets extended to 50,000 KM/ 18 months for this variant in Tanzania. The TVS HLX 125 with 5-gears comes with new graphics and a choice of three colours black, red and blue - with stylish black-themed alloy wheels and rim tape.
Sebi mandates 10-minute video disclosure for companies launching IPOs (24-05-2024)
"The content of the AV must be factual, non-repetitive, non-promotional and shall not be misleading in any manner," said Sebi