MTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series VIII-C (INE153A08170). The funds were transferred into the designated escrow account on November 4, before the November 7 due date.
Posts tagged All News
Swiggy’s more a bet on Qcomm’s rise than a Zomato 2.0 in the box (05-11-2024)
While the company does not have any identifiable promoter, several institutional investors such as Accel India, Apoletto Asia, Alpha Wave Ventures, DST Euro Asia and Norwest Venture Partners are partially divesting their stakes through the IPO. Proceeds from the fresh issue will be used to repay debt, add dark stores, invest in technology and cloud infrastructure, brand marketing and fund inorganic growth.
Sebi directs Embassy Office Parks to suspend CEO Maiya (05-11-2024)
Embassy Office Parks Management Services is manager to Embassy REIT, the country’s largest real estate investment trust with a market capitalisation of ₹40,000 crore. The regulator has asked the company to appoint an interim CEO.
Don’t go overboard on gold: Wealth managers (05-11-2024)
Gold prices have risen 30.69% in rupee terms over the past 12 months, while it has gained 39.10% in dollar terms. During the same period, the Nifty 50 has gained 25.6%. In this calendar year, gold has so far gained 26% in rupee terms, while the Nifty gained 11.8%.
Shares of oil marketing firms get a snub as crude weakens (05-11-2024)
Indian Oil (IOC) fell the most at 4.14%, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) were down over 3% at close on Monday. Brent crude January Futures were up about 2% after OPEC+ announced a voluntary delay in increasing crude output for the month of December. It was already delayed in October due to falling prices.
NSE Q2 net rises 57% to Rs 3,137 crore, income up 24% (05-11-2024)
NSE’s earnings per share rose to ₹12.68 as against ₹8.08 in September 2023, after a 4:1 bonus equity share issuance. For the half-year ended September 30, 2024, NSE’s consolidated total income was ₹9,974 crore, with a net profit of ₹5,704 crore.
Bears rule Dalal Street ahead of US Polls, Fed meet (05-11-2024)
The Nifty ended at 23,995—the lowest closing since August 6, down 309 points or 1.3% over Friday’s close. The Sensex closed at 78,782, down 941.88 points or 1.2%. Both indices fell as much as 1.6% earlier in the day.
Hero Electronix, backed by Suman Kant Munjal, plans to sell 30% stake in chip design firm Tessove (05-11-2024)
The company is said to be in the process of mandating an investment bank for the stake sale. Tessolve said it’s not engaged in fund-raising talks. Two years after its last capital round, majority shareholder Hero Electronix is looking to generate $120-150 million (Rs 1,000-1,260 crore), said the people cited above, pegging Tessolve’s value at $400-450 million (Rs 3,300-3,800 crore).
Noel joins board of Tata Sons; first Tata family member since 2011 to serve on both boards at once (05-11-2024)
Noel Tata, newly appointed chairman of Tata Trusts, has joined the board of Tata Sons as a nominee director. This marks the first time since 2011 that a Tata family member holds positions on both boards concurrently. Tata Trusts, with its 66% stake, is the largest shareholder in Tata Sons, the holding company of the Tata Group.
SMC -Global Securities Ltd. — Moneywise Long Term (04-11-2024)
Anyone tracking this stock? The fundamentals tell a very rosy picture imo. Not sure why the less PE. Also given this stock is both into broking and lending, should it be judged by PE or PB or both?