To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds.
US stocks open higher, China stimulus boosts miners (24-09-2024)
Wall Street’s main indexes opened slightly higher on Tuesday, as investors scoured for clues on what the Federal Reserve’s next policy move might be, while commodity stocks got a boost after China unveiled a bumper stimulus package.
Manba Finance IPO subscribed 73.18 times on Day 2 amid heavy demand (24-09-2024)
The initial public offer of Manba Finance Ltd got subscribed 73.18 times on the second day of share sale on Tuesday.
The Rs 151-crore initial share sale received bids for 64,39,20,375 shares against 87,99,000 shares on offer, as per NSE data.
The portion for non-institutional investors got subscribed 172.23 times while the category for Retail Individual Investors (RIIs) attracted 70.18 times subscription. The quota for Qualified Institutional Buyers (QIBs) garnered 4.15 times subscription.
The initial public offer of Manba Finance Ltd received 23.67 times subscription on the first day of bidding on Monday.
The initial public offer (IPO) has a fresh issue of up to 1,25,70,000 equity shares. The price range for the offer is Rs 114-120 per share.
The IPO will conclude on September 25.
Proceeds from the issues will be utilised to augment the capital base to meet the company’s future capital requirements towards onward lending and for general corporate purposes.
Hem Securities is the
Defence stocks come under pressure on profit booking (24-09-2024)
High valuation still remains a concern, say analysts
Geopolitical shifts to be new sources of shocks for central banks: RBI governor Shaktikanta Das (24-09-2024)
RBI Governor Shaktikanta Das highlighted the challenges posed by geopolitical disturbances and economic fragmentations, emphasizing the need for central banks to adapt swiftly. He also discussed the impact of fintech innovations and advancements in AI on financial stability, stressing the importance of regulation, data security, and ethical considerations.
Sebi issues guidelines for performance evaluation of market infra institutions (24-09-2024)
Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies.
Tata Elxsi integrates RDK-B software stack with the Qualcomm 5G FWA Gen 3 Platform (24-09-2024)
Looking ahead, Tata Elxsi will upgrade the platform to include next-generation features such as Wi-Fi 7. This upgrade will further enhance FWA devices, offering operators more flexible, scalable, and cost-effective solutions setting the stage for the next generation of wireless
innovation.