Posts in category Economic Times
Stocks in news: Inox Green, Titagarh Rail, India Cements, Dr Reddy’s, Bharti Airtel (27-06-2024)
JSW Energy arm JSW Neo Energy signed power purchase agreements (PPAs) for wind and solar projects with a cumulative capacity of 1,325 MW.
Pre-market action: Here’s the trade setup for today’s session (27-06-2024)
"Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Hot Stocks: 3 stocks that may give returns between 16-33% (27-06-2024)
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
Sebi eases trading norms for company insiders (27-06-2024)
"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .
Ecom Express sets the ball rolling for Rs 3,000-cr IPO (27-06-2024)
"Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon," said one of the people cited above.
Vedanta Resources sells 2.63% stake in Indian arm, raises Rs 4,184 crore (27-06-2024)
Vedanta Group, in a statement, said that Finsider International Company, a subsidiary of Vedanta Resources, accepted a proposal from one of its banks Tuesday evening to sell 2.6% shares holding in Vedanta Ltd to a group of reputed institutional investors.
Fairfax Group likely to sell 9.72% in CSB Bank (27-06-2024)
According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of ₹352.4 per share. The floor price represents a 1% discount to Wednesday's closing price of ₹355.95.
Gilts to shine brighter from tomorrow (26-06-2024)
JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM global index suite starting June 28, allowing global investors to deploy funds in these bonds.
LTI Mindtree has strong leadership, no succession plan for now: AM Naik (26-06-2024)
LTI Mindtree, an IT services company, is not focusing on succession planning as its current CEO, Debashis Chatterjee, will continue until December 2025. Larsen & Toubro (L&T) Group chairman AM Naik, who is also the non-executive chairman of LTIMindtree and L&T Technology Services, stated that the company has all its people, including a CEO, president of sales, and COO.
Dollar hits 38-year high vs yen; stocks mixed (26-06-2024)
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, gained 0.31% at 106.00, with the euro down 0.25% at $1.0686.