Market regulator Sebi is likely to extend the relaxed open offer norm now applicable to public sector undertakings (PSUs) being privatised to IDBI Bank, sources said. If the relaxation is extended to the wining bidder of the bank, jointly owned by LIC and the government, it could acquire additional shares from the public in the […]
By Rajesh Palviya Nifty started the week on a positive note and traded with extreme volatility on either side for most part of the week, however buying momentum at lower levels pulled the index higher to close on a flat note. Nifty closed at 17784 with a gain of 114 points on a weekly basis. […]
Insurtech player InsuranceDekho has raised $150 million in Series A funding, consisting of a mix of equity and debt. “The equity round was led by Goldman Sachs Asset Management and TVS Capital Funds with participation from Investcorp, Avataar Ventures and LeapFrog Investments,” the company said in a release. This is the first time the firm […]
Mankind Pharma IPO opened for subscription on 25 April and the issue has been fully subscribed at 15.32 times on day 3. Qualified institutional buyers (QIBs) subscribed for 49.16% of their reserved portion, demonstrating high interest in the issue. The portion for retail investors remains undersubscribed as investors bid only 0.92 times of the shares […]
After the Sports Ministry suspended the Wrestling Federation of India (WFI), former chief of the apex wrestling body Brij Bhushan Sharan Singh on Sunday said he is “done” with the sport and that the newly-elected body will now take care of wrestling matters. “Whatever has to be done with regards to wrestling in India, it […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Saturday, 25 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
By Rahul Shah The Sensex and Nifty benchmark indices plunged as policymakers across the globe aggressively paddle on monetary policy tightening. The Sensex tanked 2225 points or 4% to close at 54,836 and the Nifty shed 690 points or 4% to close at 16,411. This was the benchmarks’ lowest level in two months. Record-high inflation […]
BSE and NSE are closed today on account of Ambedkar Jayanti The country’s leading commodity exchange, the MCX, will also remain shuttered for the first session of trade and will reopen for the evening session. The equity segment, the SLB segment, the equity derivative segment, interest rate derivatives segment and the currency derivatives segment will […]
By Rahul Shah The Sensex came under fag-end selling pressure to close in the red for the sixth straight session as risk-off sentiment prevailed amid unabated selling by foreign institutional investors and concerns over inflation. This is the longest weekly losing streak for Sensex and Nifty in over two years since the run ended in […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Theoil pricesin the country have not been changed on 23 December 2022 and costs have been steady for about seven months now. The last country-wide change infuel rateswas on 21 May this year, when Finance MinisterNirmala Sitharamanslashed excise duty on petrol by Rs 8 per […]
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