Posts in category Business Standard
Nifty May futures trade at premium (21-05-2024)
NSE India VIX climbed 6.26% to 21.81.
Sebi amends rule to facilitate ease of doing biz for firms planning IPOs (21-05-2024)
To facilitate ease of doing business for companies planning IPOs, Sebi has said any change in the size of offer for sale (OFS) requiring fresh filing will be based on only one of the criteria -- either issue size in rupee or number of shares.
Further, promoter group entities and non-individual shareholders holding more than 5 per cent of the post-offer equity share capital can be permitted to contribute towards the shortfall in minimum promoters' contribution (MPC) without being identified as a promoter, according to a notification issued by Sebi.
Companies promoted by entrepreneurs often have several rounds of funding prior to listing their equity shares on the stock exchanges. In such situations, the promoters' holding may fall short of the minimum promoter contribution i.e., 20 per cent of the post-offer equity share capital.
While the current ICDR (Issue of Capital and Disclosure Requirements) rule permits certain categories of investors to contribute equity shares held by them
Nifty ends above 22,500; VIX rises 6.26% (21-05-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex was, down 52.63 points or 0.07% to 73,953.31. The Nifty 50 added 27.05 points or 0.12% to 22,529.05.
Market-cap of BSE-listed firms hits $5 trillion; analysts see more upside ahead (21-05-2024)
The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 414.62 trillion ($4.99 billion) on Tuesday by close. It had soared past the $5 trillion mark in intraday deals
Krebs Biochemicals & Industries reports standalone net loss of Rs 5.85 crore in the March 2024 quarter (21-05-2024)
Sales rise 4.45% to Rs 11.97 crore
Quick Wrap: Nifty Metal Index records a surge of 3.88% (21-05-2024)
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City Union Bank Q4 PAT climbs 17% YoY to Rs 255 crore (21-05-2024)
The private sector bank's net profit rose 16.87% to Rs 254.82 crore on 8.87% increase in total income to Rs 1,549.34 crore in Q4 FY24 over Q4 FY23.
Sebi changes rule to determine mcap, 6-month average to be used now (21-05-2024)
Markets regulator Sebi has revamped the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
Instead of using the market capitalisation of a single day (currently March 31), listed companies will now use the "average market capitalisation" for a six-month period.
Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.
The changes came after a recommendation of an expert committee chaired by Sebi's former whole-time member S K Mohanty in a bid to promote ease of doing business. The amendment aims to specify a defined period for calculating average market capitalisation.
The new amendment would come into fo
GTN Textiles reports consolidated net loss of Rs 1.95 crore in the March 2024 quarter (21-05-2024)
Reported sales nil
Vascon Engineers consolidated net profit declines 66.10% in the March 2024 quarter (21-05-2024)
Sales rise 2.47% to Rs 335.42 crore