New STT rates for F&O came into effect on October 1. The STT on futures increased to 0.02% from 0.0125%, and on options to 0.1% from 0.0625%. This results in a net increase in transaction costs. Additionally, BSE and NSE implemented a uniform fee structure.
Posts in category Economic Times
RBI likely to hold rates in October, easing expected by year-end: Radhika Rao (01-10-2024)
We should also keep an eye on the commodity space, particularly minerals and metals that India imports. Price fluctuations in these areas could affect our import bill. While China is currently on holiday, it will be crucial to see how much of the stimulus measures materialize once they return, as this will influence market sentiment and optimism for both China and the broader region.
Rahee Infratech files IPO papers with Sebi; aims to raise Rs 420 crore via fresh issue (01-10-2024)
Proceeds from the fresh issue to the extent of Rs 50 crore will be utilised for the purchase of machinery, equipment and vehicles; Rs 280 crore for funding the working capital requirements of the company and the rest for general corporate purposes.
Ajax Engineering, Midwest Ltd file DRHP with SEBI for fund raise via IPO (01-10-2024)
Concrete equipment manufacturer Ajax Engineering and granite producer Midwest Ltd filed for IPOs. Ajax’s IPO is an OFS by existing shareholders. Midwest’s IPO is a mix of fresh issue and OFS. Both companies aim to achieve the benefits of listing on stock exchanges.
Ajax Engineering, Midwest Ltd file DRHP with SEBI for fund raise via IPO (01-10-2024)
Concrete equipment manufacturer Ajax Engineering and granite producer Midwest Ltd filed for IPOs. Ajax’s IPO is an OFS by existing shareholders. Midwest’s IPO is a mix of fresh issue and OFS. Both companies aim to achieve the benefits of listing on stock exchanges.
Granite producer Midwest files papers for Rs 650-cr IPO (01-10-2024)
Midwest is seeking to raise Rs 650 crore through an IPO, with a mix of fresh shares and an offer-for-sale by promoters. Rs 250 crore will come from fresh shares, and Rs 400 crore from promoters. Proceeds will be used for capital expenditure, buying electric trucks, integrating solar energy, debt repayment, and general corporate purposes.
Granite producer Midwest files papers for Rs 650-cr IPO (01-10-2024)
Midwest is seeking to raise Rs 650 crore through an IPO, with a mix of fresh shares and an offer-for-sale by promoters. Rs 250 crore will come from fresh shares, and Rs 400 crore from promoters. Proceeds will be used for capital expenditure, buying electric trucks, integrating solar energy, debt repayment, and general corporate purposes.
ICICI Securities initiates coverage on Adani Energy, sees 30% upside potential (01-10-2024)
ICICI Securities has begun coverage on Adani Energy Solutions (AESL), India’s largest private transmission company, assigning it a buy rating with a target price of ₹1,318, indicating a potential 30% upside.
Diffusion Engineers IPO allotment likely soon: Here’s how you can check status (01-10-2024)
The company’s shares are set to be listed on the exchanges on October 4. In the unlisted market, they are trading with a GMP of Rs 60, reflecting a 36% premium over the issue price.
Why Quantum AMC’s George Thomas prefers largecap IT and private banks (01-10-2024)
George Thomas, Equity Fund Manager at Quantum AMC, expects IT spending to improve, benefiting large-cap IT names. He also forecasts larger private banks to perform better due to better underwriting and improved liquidity. Thomas notes that while most sectors are fully valued, financials offer some room for growth. Expectations of market support from domestic funds remain positive.