The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
Posts in category Economic Times
ABB India Q2 Results: PAT jumps 21% YoY to Rs 440 crore (04-11-2024)
“We have delivered another quarter of consistent performance, creating balanced and profitable growth for our stakeholders and deepening engagement with our customers. The quarter was marked by record levels of backlog complemented by a strong book to bill and cash,” the company’s Managing Director, Sanjeev Sharma said in a statement.
Oil gains over 2% after OPEC+ delays output hike, US election in focus (04-11-2024)
U.S. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls ahead of Tuesday’s Election Day, and the winner might not be known for days after voting ends.
Goldman Sachs, Nomura buy stake in Afcons Infrastructure despite muted listing (04-11-2024)
Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock’s negative listing. Afcons Infrastructure’s muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent’s higher OFS and challenging phase.
Lulu Retail increases IPO size to 30% as it seeks to raise up to $1.72 bln (04-11-2024)
Lulu is offering 3.098 billion shares at an unchanged indicative price range of 1.94-2.04 dirhams per share with the final offer price expected to be announced on Nov. 6.
These 5 stocks showed high EBITDA growth in September quarter (04-11-2024)
In Nifty 500, five stocks showed over 100% EBITDA surge YoY in the September quarter. This significant growth could indicate robust demand, efficient cost management, and a healthy business outlook, which is positive news for investors and stakeholders.
IRCTC Q2 Results: PAT rises 4% YoY to Rs 308 cr; co declares dividend of Rs 4/share (04-11-2024)
The company reported consolidated revenue from operations of Rs 1,064 crore for the reporting period, a 7% increase from Rs 992 crore in the same period last year. The board has announced an interim dividend of Rs 4 per share with a face value of Rs 2 each for FY25. November 14 has been set as the record date to determine shareholder eligibility for the dividend distribution.
More pain in store for Indian equities, based on derivatives data, brokerages say (04-11-2024)
The market-wide open interest (OI), or the total number of active unsettled contracts in futures markets, has fallen for the first time in 12 monthly series, the analysis showed, marking a trend reversal and indicating a bearish outlook.
These 8 stocks hit 52-week highs, rallied up to 20% in a month (04-11-2024)
A 52-week high marks the highest price a stock has reached over the past year, offering key insights for traders and investors.