Unlisted shares of Arkade Developers were trading at a premium of Rs 80, which translates to a GMP of 62.5 per cent against the upper end of the IPO price of Rs 128
Posts in category Business Standard
Pharma stocks: Nomura gives ‘Buy’ to Lupin remains ‘Neutral’ on others (16-09-2024)
Lupin is preparing the launch of PredForte, having a market of $200 million with 180 days competitive generic therapy (CGT) exclusivity in the near term
India’s forex reserves climb USD 5.25 bn to a fresh high of USD 689.24 bn (16-09-2024)
India’s forex reserves jumped USD 5.248 billion to a new all-time high of USD 689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by USD 2.299 billion to a record USD 683.987 billion for the previous reporting week. For the week ended September 6, foreign currency assets, a major component of the reserves, increased by USD 5.107 billion to USD 604.144 billion, the data showed
Volumes soar at India Cements Ltd counter (16-09-2024)
India Cements Ltd clocked volume of 1.63 lakh shares by 10:35 IST on BSE, a 5.39 times surge over two-week average daily volume of 30176 shares
Government of India announces the sale of two dated securities for a notified amount of ₹31,000 crore (16-09-2024)
The Government of India (GoI) has announced the sale (re-issue) of (i) 7.10% Government Security 2034 for a notified amount of ₹20,000 crore (nominal) through price based auction using multiple price method and (ii) 7.34% Government Security 2064 for a notified amount of ₹11,000 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 September 20, 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.
LIC selects Infosys to execute its digital transformation programme (16-09-2024)
Life Insurance Corporation of India (LIC) has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to significantly boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees.
Oriental Rail Infra gains on bagging Rs 1.42-cr order (16-09-2024)
Oriental Rail Infrastructure added 1.92% to Rs 299.50 after the company announced that it has secured an order worth Rs 1.42 crore from Integral Coach Factory (ICF), Chennai, Indian railways.
Infosys undertakes project of LIC’s significant digital transformation (16-09-2024)
Infosys was selected by LIC for its extensive experience in executing large-scale digital transformation projects and its deep expertise in the banking, financial and insurance sectors. Infosys will provide LIC with
turnkey system integration services using AI capabilities from Infosys Topaz and DevSecOps services from Infosys Cobalt. Infosys Cobalt is a set of services, solutions, and platforms for enterprises to accelerate
their cloud journey, while Infosys Topaz, an AI-first offering suite, enhances Cobalt with generative AI capabilities. In addition, Infosys will help establish the necessary infrastructure for digital transformation and
ensure ongoing monitoring and maintenance once the platform is operational.
US Fed rate cut: Watch these levels on Sensex, Nifty, Nifty IT this week (16-09-2024)
The BSE Sensex, NSE Nifty can gain another 2% from present levels; while the Nifty IT index could see a sharp 6% rally; suggests technical charts.
Adani Power, Adani Green rise upto 8% on power supply deal with Maha Discom (16-09-2024)
The uptick in the share prices of these companies came on the back of securing a letter of intent (LoI) form Maharashtra state DISCOM for supply of 6,600 MW hybrid solar and thermal power.