Posts in category Economic Times
Rupee ends lower pressured by weaker yuan, importer dollar bids (02-07-2024)
Rupee under pressure as economy cools and FX reserves build up. Investors expect U.S. rate cuts, impacting rupee. Despite importers' dollar demand, rupee may strengthen with inflows. Interest rate futures hint at rate cuts ahead, influencing market sentiment.
Idea of Kotak as a party to Hindenburg’s Adani shorting strange and almost unbelievable: Shriram Subramanian (02-07-2024)
Shriram Subramanian gives his opinion on the saga involving Kotak Mahindra Bank, Hindenburg Research, and Sebi deepens with the emergence of a show cause notice and the potential for parallel investigations. Details reveal suspected violations, offshore fund structures, and ongoing Adani investigations, raising questions about the alleged role e of Kotak in the controversy.
Namita Thapar’s Emcure Pharmaceuticals IPO opens on Wednesday. What GMP signals ahead of subscription (02-07-2024)
Emcure Pharmaceuticals' IPO opens for subscription on July 3rd with shares trading at a Rs 265 premium in the unlisted market. The IPO includes fresh equity shares worth Rs 800 crore and an Offer For Sale (OFS) of 1.14 crore shares. Priced at Rs 960-1,008 per share, investors can bid for 14 shares per lot. The company targets to raise Rs 1,952 crore at the upper price range.
CDSL board announces 1:1 bonus share issue, stock down 1.2% (02-07-2024)
Central Depository Services (CDSL) celebrates its 25-year silver jubilee with a special dividend and a landmark 1:1 bonus share issue for shareholders. The company's market capitalization surpasses 1 lakh crores, signaling robust growth and shareholder value enhancement.
Whisky to remain a major revenue contributor for Allied Blenders & Distillers: Ramakrishnan Ramaswamy (02-07-2024)
Whisky has been the dominant this for the industry, around 65% of the IMFL business is whisky. So, we will continue our leadership there. At the same time, we are looking at other opportunities like Gin, Rum and other things which should contribute a significant amount on a future date.
Tough to sustain GDP growth above 7.5%; time-wise correction in market likely: Neelkanth Mishra (02-07-2024)
As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
Info Edge stock price down 2.89 per cent as Sensex slides (02-07-2024)
As of 31-Mar-2024, promoters held 37.88 per cent stake in the company, while FIIs held 30.91 per cent and domestic institutional investors had 11.69 per cent.
World’s most volatile big stock is rocking Indonesia’s market (02-07-2024)
Indonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
Chola Inv Finance shares drop 2.56% as Sensex falls (02-07-2024)
A total of 12,873 shares changed hands on the counter till 02:00PM (IST)