Posts in category Economic Times
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc (03-07-2024)
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc (03-07-2024)
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
Fresh twist: Hindenburg gets Sebi notice for ‘shorting Adani shares’ (03-07-2024)
Hindenburg termed the Sebi’s notice, dated June 26, as “nonsense, concocted to serve a pre-ordained purpose, an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India”. Apart from the research firm, its founder Nathan Anderson, Mark E Kingdon, Kingdon Capital Management, Kingdon Offshore Master Fund and K- India Opportunities Fund (KIOF) - Class F, too, were served the notice.
Ahead of IPO, Bansal Wire Industries garners Rs 223 cr from anchor investors (02-07-2024)
The company has allocated 87.30 lakh shares to 18 funds at Rs 256 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 223.5 crore, it added. The maiden public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component.
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji (02-07-2024)
The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each other’s stakes for zero consideration in each other’s companies. While the Adi and Nadir Godrej faction now known as Godrej Industries Group (GIG) controls Godrej Industries , Godrej Properties and Godrej Consumer Products, the Jamshyd Godrej family now Godrej Enterprises Group (GEG) controls unlisted Godrej and Boyce Mfg .
Bain Capital-backed Emcure Pharma mobilises Rs 583 cr from anchor investors (02-07-2024)
Emcure Pharmaceuticals has allocated 57.8 lakh equity shares to 48 funds at the upper end of the IPO price band, raising Rs 582.6 crore. The public subscription for the IPO will commence on July 3rd and conclude on July 5th.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (02-07-2024)
The Nifty's upward trajectory persists, with any potential dips or consolidation presenting buying opportunities, according to the prevailing bullish pattern.
Market Trading Guide: Jyothy Labs, Safari Industries among 4 stock recommendations for Wednesday (02-07-2024)
Investors are keenly watching the monsoon's progress, the upcoming Union budget, and the US election, all of which could significantly impact the global economy, analysts say.
Raselle Capital VCC pays Rs 1.23 cr to settle FPI violation case with Sebi (02-07-2024)
Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as settlement charges.