Posts in category Business Standard
Irdai imposes a fine of Rs 1 crore on IPO-bound Go Digit Insurance (07-05-2024)
According to recent general insurance council data, the company had a gross written premium (GWP) of Rs 7,941.1 cr in FY24
Mutual funds’ 2024 equity buying tops Rs 1 trillion, shows data (07-05-2024)
The elevated equity market deployment in April indicates sustained inflows into equity schemes despite volatility
Heavyweights pull down Nifty for third day; Sensex down 384 points (07-05-2024)
Midcap, smallcap indices log the biggest fall in nearly two months
Sebi imposes stringent measures to address misconduct among its staff (07-05-2024)
Amended Employees Service Regulation to include recovery of monetary loss
Premier Roadlines IPO to open on May 10, price band at Rs 63-67 per share (07-05-2024)
Logistics solutions provider Premier Roadlines on Tuesday said it has fixed the price band at Rs 63 to Rs 67 per equity share for its initial public offer which will hit the capital market on Friday to mop up a little over Rs 40 crore.
The company's shares will open for public subscription on May 10 and end on May 14. Shares of the company will be listed on the NSE's SME platform EMERGE, the company said in a statement.
The public offer is entirely a fresh issuance of up to 60.24 lakh equity shares, according to the Red Herring Prospectus (RHP).
The IPO comprises 50 per cent of the net issue for QIB, 35 per cent for retail investors and 15 per cent for Non-Institutional Investors (NII).
At the upper end of the price band, the company will raise up to Rs 40.36 crore from the initial public offering (IPO).
The company intends to utilise the proceeds from the issue to pare debt availed by the company, purchase vehicles for commercial purposes, meet working capital requirements and ..
NSE to run special trading session on May 18 with disaster recovery switch (07-05-2024)
The special live trading session will have intra-day switch over from Primary Site (PR) to Disaster Recovery (DR) site
NSE to simulate disaster recovery with live session on Saturday, May 18th (07-05-2024)
The session will be divided into two parts. Regular trading will occur on the primary site from 9:15 AM to 10:00 AM. Following this, a one-hour simulated disaster scenario will take place from 11:45 AM to 12:40 PM, with trading switching to the backup disaster recovery site.
Board of Shish Industries allots 5.66 lakh equity shares on preferential basis (07-05-2024)
At meeting held on 07 May 2024
Sensex drops 384 pts, Nifty holds 22,300, VIX crosses 17 mark (07-05-2024)
The benchmarks equity indices ended with major losses on Tuesday, bucking positive global cues. The Nifty 50 index settled near 22,300 after reaching an intraday high of 22,499.05. Several factors contributed to the decline. Recent corporate earnings reports, lacking in significant positive surprises, failed to impress investors. Additionally, lower-than-expected voter turnout in the ongoing elections has raised concerns about the outcome, fostering investor caution. Further, some investors are choosing to take profits after the recent market rally, potentially due to valuations perceived as high. Finally, the delay in a potential US Federal Reserve rate cut and persistent global inflation are contributing to a risk-averse investor sentiment. This cautiousness is reflected in the sectoral performance. While FMCG and IT stocks witnessed buying, realty, metals, and PSU banks experienced a slump.
Pound Softens Againsts US Dollar As Drop From Three Week High Extends (07-05-2024)
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