Posts in category Economic Times
GIFT Nifty signals a positive start for D-Street. Here’s the trading setup for today’s session (19-06-2024)
Domestic markets continued to reach new record highs, building on gains made since the election results. "The market is also benefiting from positive trends in global markets, particularly in the US as it progresses steadily towards the presidential election in November. Volatility has decreased this month, supporting a short-term upward trend," explained Siddhartha Khemka, Head of Retail Research at Motilal Oswal.
Wall Street bankers beaten in ‘Smartest’ chess tournament (19-06-2024)
William Graif, a chess enthusiast, has competed in various countries and now focuses on teaching chess to children after participating in the World Corporate Chess Championship.
Crypto money is poised to sway US polls (19-06-2024)
Cryptocurrency executive Ryan Selkis, from Messari, spoke at an event celebrating Trump's NFTs, emphasizing the political influence of the 50 million U.S. crypto holders.
Fosun to pare stake in Gland Pharma (19-06-2024)
Shanghai-based Fosun Pharmaceutical Group, the promoter of Gland Pharma, plans to sell up to a 5% stake in the company through a block deal to raise ₹1,435 crore ($172 million). This follows a successful IPO in November 2020 and is managed by UBS, as per a BSE filing. The offer price of ₹1,750 per share represents a 4.
Tax parity for IFSC funds to help HNIs avoid US inheritance levy (19-06-2024)
Wealthy Indians can use GIFT City to avoid US inheritance tax on offshore investments. IFSCA is seeking tax parity for funds in GIFT City to attract HNI investors.
Indices touch new peaks, Sensex tops 77,000 mark (19-06-2024)
India's Nifty and Sensex hit fresh highs, with Sensex closing above 77,000 for the first time after a bullish wave since June 4 election results.
Lack of depth in mid- & smallcap rally hints all’s not shining on D-Street (19-06-2024)
Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.
Stocks in news: Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma (19-06-2024)
Domestic markets start positively with Paytm, Indus Towers, Vedanta, Cipla, Gland Pharma in focus. ZEE appoints acting CFO. Tata Technologies partners with Microsoft. Wabco to sell ZF equity. Craftsman Automation launches QIP. Fosun Pharma reduces stake. Vedanta monetises steel business. Goldman Sachs sells One 97 shares; Vodafone sells Indus Towers shares; Generative AI hackathon.
Akme Fintrade collects Rs 38 cr from anchor investors; IPO to open on Jun 19 (18-06-2024)
The Udaipur-based company has allocated 31.35 lakh equity shares to anchor investors at Rs 120 each, amounting to Rs 37.62 crore. The company's Rs 132 crore IPO includes a fresh issue of 1.1 crore equity shares, with a price band of Rs 114-120 per share. The subscription period for the IPO will open on June 19 and close on June 21.