Shares of Bajaj Finance, Adani Green, Zomato, Paytm, Adani Energy Solutions, Varun Beverages and ICICI Pru Life will be in focus ahead of the second quarter results today.
Hercules hoist (22-10-2024)
Listing generally takes 2-3 months time, there are some cases, where the listing has taken more than 5-6 months. There’s a regulatory procedure, Even though shares are allotted, those will be listed after the approvals from exchange.
Asian shares decline as bonds extend selloff (22-10-2024)
Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs.
India most successful IPO market in the world for 2024: Alex Clavel (22-10-2024)
Clavel took over his new role at the Japanese conglomerate a year ago, jointly leading its investing vehicle SoftBank Vision Fund ( SVF) with Rajeev Misra. While Clavel spearheads SVF-II, Misra who stepped away from day-to-day operations in 2022 and later launched One Investment Management, oversees legacy investments from SVF-I.
Red October: FPI stock selloff at Rs 81,000 crore, highest in a month (22-10-2024)
The selloff in October is in contrast to their activity in the rest of 2024. So far this month, foreigners have sold stocks worth ₹6,100 crore daily on average. They were buyers to the tune of ₹500 crore daily on average between January and September.
Investment outlook bright, but geopolitical tensions a threat (22-10-2024)
“Rural demand is expected to get a boost from the improved agricultural outlook. Private investment should pick up steam in response to signs of pick-up in consumption demand and rising business optimism,” the central bank said in its state of the economy article.
Vedanta Resources subsidiary raises $300 million via tap issue (22-10-2024)
The fund-raise happened within the initial price guidance of 10.07%. The funds will be used to partially refinance $606 million of its outstanding 13.875% notes due in 2028, people aware of the development said.
Varanium Cloud, MD barred from securities markets (22-10-2024)
In May this year, Sebi passed an interim order that barred Varanium Cloud and its Managing Director (MD) Harshawardhan Hanmant Sabale from the securities market.
Mazagon Dock: aptly called “Ship Builder to the Nation” (22-10-2024)
Surat P15B destroyer, and Nilgiri P17A Frigate to be commissioned before December 2024. The project under Surat P15B destroyer, worth Rs 35,000 crore was started way back in 2011 and this is the Fifth and the last one.
The Project 15B destroyers are considered to be some of the most technologically advanced guided missile destroyers in the world. They are equipped with state-of-the-art weapons and sensors, advanced stealth features, and a high level of automation.
The other destroyers made so far under project under project 15 B are :
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INS Visakhapatnam: The first ship in the Project 15B destroyers, commissioned in 2021
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INS Mormugao: The second ship in the Project 15B destroyers, commissioned in 2022
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INS Imphal: The third ship in the Project 15B destroyers, delivered to the Indian Navy in 2023
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INS Surat: Surat D69 -The fourth in the Project 15B destroyers, INS Surat was launched on May 17, 2022, and is currently in sea trials.