bonus approval…this news came on 26th and market has already digested it with a minor thumbs up
RBI steadily building up gold reserves (29-10-2024)
The RBI held about 60 per cent of its gold reserves in safe custody in India as at September-end 2024 against about 50 per cent as at March-end 2024
HDFC Standard Life buys PNB Housing Fin’s shares worth Rs 90 crore (29-10-2024)
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.
Top 5 stocks that see decreased insurance shareholding in September quarter (29-10-2024)
This decline often suggests waning confidence among insurers in the company’s performance or outlook, potentially indicating negative market sentiment.
Multibase India Ltd (29-10-2024)
Suddenly 3 top management execs have resigned including the MD. Is this a clean up exercise or a fraud or something else? I believe the previous MD had not displayed even an intent of showing any performance
Afcons Infrastructure IPO subscribed 2.63 times on last day of share sale (29-10-2024)
The initial public offer of Shapoorji Pallonji Group’s flagship infrastructure engineering and construction firm Afcons Infrastructure got fully subscribed on the last day of share sale on Tuesday and ended with 2.63 times subscription.
The Rs 5,430-crore initial share sale received bids for 22,78,13,728 shares against 8,66,19,950 shares on offer, as per NSE data.
The category for non-institutional investors received 5.05 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 3.79 times. The portion meant for Retail Individual Investors (RIIs) got 94 per cent subscription.
Afcons Infrastructure Ltd (AIL) on Thursday said it has mopped up Rs 1,621 crore from anchor investors.
The price band has been fixed at Rs 440-463 per share.
The IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Pvt Ltd.
The Maharashtra-based company will utilise Rs 80 crore
Yatharth Hospital & Trauma Care Services Limited (29-10-2024)
This is likely the Hospital which got acquired
https://hecta.co/property/buy-hospital-in-model-town-delhi
Some details about the Hospital –
151 Crs + GST is the base bid, settlement bid will definitely be higher. Anything around 200 Crs is very good IMO.
Maps listing of the hospital
Joint venture partners of listed co arms may come under SEBI’s related party norms (29-10-2024)
A plain reading of the law suggested that the applicability of RPT norms is restricted to related parties of listed entities and does not include a transaction between a subsidiary of a listed entity and a party which is not a related party of the listed entity
Canara Bank Q2 Results: Net profit rises 11% YoY to Rs 4,014 crore on lower provisions (29-10-2024)
Lower provisions helped Canara Bank report a 11.3% year-on-year rise in net profit for the September quarter at Rs 4,014 crore, while pre-provision operating profit remained almost flat on a slim rise in net interest income.
Bharti Airtel sees minimal impact from July tariff hike, says CEO (29-10-2024)
Bharti Airtel, India’s second largest telco, did not see much of a negative impact from the tariff hike it took in July in terms of users downgrading to lower plans or in SIM consolidation, managing director Gopal Vittal said in an earnings call Tuesday.