Hi-Tech Pipes announced that its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 194.98 per share.
Posts in category Business Standard
Tata Motors slides as JLR wholesale drops 10% YoY in Q2 (08-10-2024)
Tata Motors declined 1.79% to Rs 913.55 after the company announced that the Jaguar Land Rover (JLR) wholesale volume decreased 10% year on year (YoY) to 87,303 units in Q2 FY25 (excluding the Chery Jaguar Land Rover China JV).
Metal index corrects for 4th day in a row; NMDC, Tata Steel slips up to 8% (08-10-2024)
The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.
India’s RBI enters into Currency Swap Agreement with Maldives Monetary Authority (08-10-2024)
The Reserve Bank of India (RBI) has entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27, on October 07, 2024, in New Delhi. Under the agreement, the MMA is eligible for financing support from the RBI amounting to USD 400 million under the US Dollar/ Euro Swap Window and INR 30 billion under the INR Swap Window. The agreement would be valid till June 18, 2027. The SAARC Currency Swap Framework came into operation on November 15, 2012, to provide a backstop line of funding for short term foreign exchange liquidity requirements or short-term balance of payments stress till longer term arrangements are made. Seeking to strengthen bilateral ties, India and the Maldives on Monday inked a currency swap agreement, a move that would help the archipelago nation overcome foreign exchange reserve issues. Prime Minister Narendra Modi and visiting Maldivian President Mohamed Muizzu also launched Rupay card in the …
Garuda Construction IPO opens: GMP rises marginally; should you subscribe? (08-10-2024)
Garuda Construction has succeeded in garnering reviews from several brokerages including Anand Rathi Research, SMIFS, and Arihant Capital Markets for its IPO
Volumes jump at Shriram Finance Ltd counter (08-10-2024)
Shriram Finance Ltd clocked volume of 1.36 lakh shares by 10:47 IST on BSE, a 3.69 times surge over two-week average daily volume of 36853 shares
Ola Electric gets show cause notice from CCPA on misleading ads; down 6% (08-10-2024)
Shares of recently listed Ola Electric Mobility fell by 6.17 per cent in intraday deals to Rs 85.21 on Tuesday after the Central Consumer Protection Authority (CCPA) served a show cause notice
SBI declares MTNL account as NPA: Share price down 8% today, 15% in 3 days (08-10-2024)
MTNL share price: MTNL share price declined 7.5 per cent to Rs 48.2 per share on the BSE in Tuesday’s intraday trade
This T group stock hit 5% upper circuit on October 8; check reasons here (08-10-2024)
Zodiac Energy share price surged after the company announced that it has secured an order worth 154.27 crore from Ahmedabad Municipal Corporation (AMC).
Government of India announces the sale of two dated securities for a notified amount of Rs 29,000 crore (08-10-2024)
The Government of India (GoI) has announced the sale (re-issue) of (i) 7.04% Government Security 2029 for a notified amount of ₹14,000 crore (nominal) through price based auction using multiple price method and (ii) 7.34% Government Security 2064 for a notified amount of ₹15,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 11, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.