TVS Supply Chain Solutions, part of TVS Mobility Group, has re-filed draft IPO papers with capital markets regulator Sebi and cut the fresh issuance size to Rs 750 crore from Rs 2,000 crore planned earlier.The company, which got approval from Sebi in May 2022 to float the initial public offering (IPO), did not launch the […]
Oil prices slipped in early trade on Friday but were on track to post gains of nearly 2% for the week as a rebound in China’s factory activity offset growing concerns about rising U.S. crude stocks and potential rate hikes in Europe. Brent crude futures fell 39 cents, or 0.5%, to $84.36 a barrel at […]
Shipping firm Maersk says it is preparing to allow vessels to resume sailing through the Red Sea, thanks to the start of a US-led multinational naval operation to protect shipping from attacks by Houthi rebels in Yemen. Houthi attacks have led to a major disruption of shipping through the Suez Canal and the Red Sea, […]
Gajiwala Sweety Vikram sold 1,34,400 shares of Atal Realtech Ltd (ATALREAL) at Rs 72.00 per share. DB International Stock Brokers Ltd sold 7,84,751 shares of Cerebra Int Tech Ltd (CEREBRAINT) at Rs 13.96 per share. Marutinandan Capital Pvt Ltd bought 2,53,326 shares of Heads UP Ventures Ltd (HEADSUP) at Rs 18.61 per share. P S […]
Shares of Bajaj Auto Fall: Bajaj Auto share price fell over 5% to Rs 3,653 on Monday after media reports said that the two-wheeler maker is expected to take a cut of up to 25% in motorcycle and three-wheeler production across its export-focused plants next month. The company took the decision due to uncertainties in […]
HCLTech’s Q4 results did not spring any major negative surprises. While a decline in engineering and research & development (ER&D) revenues disappointed, growth in BFSI and North America surprised positively. FY24 guidance of 6-8% for growth and 18-19% margins was in line with expectations. We cut our estimates by 2% on a higher tax rate […]
The Securities and Exchange Board of India (Sebi) on Friday introduced a consultation paper that proposes to allow private equity (PE) firms to become mutual funds sponsors. “PE may also provide constructive competition to the current entities in the mutual fund industry and improve value to investors. Hence, the working group agreed that PE, if […]
Indian equity indices ended Tuesday’s volatile session in the red. Erasing early losses, the 30-share BSE Sensex managed to close above 61,700 while the Nifty 50 settled below 18,400. The Nifty fell to a day’s low of 18,202 but towards the end of the session, it recovered over 180 points. The Sensex pared losses to […]
The Indian Renewable Energy Development Agency (IREDA) will come out with an initial public offer (IPO) consisting of a stake dilution by the government, as well as fresh equity issuance by the renewable energy project financier, to raise capital for business expansion. “The IPO will help in unlocking the value of the government’s investment on […]
Indian banks’ asset quality continued improving in FY24, with gross non-performing asset ratio (GNPA) moderating to 3.2% as of September end, from a decadal low of 3.9% in March, according to the Reserve Bank of India’s (RBI) trends and progress in banking latest report said on Wednesday. A mix of write-offs, upgradations and recoveries contributed […]
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