The Securities and Exchange Board of India (Sebi) has asked Oravel Stays, the parent company of travel tech firm Oyo, to refile the draft papers for its initial public offering (IPO) with applicable updates and revisions. The offer document was returned to the company with the said advisory on December 30, according to an update […]
Major global stock markets were mostly lower Thursday amid worries about more US interest rate hikes. London, Shanghai and Frankfurt declined. Tokyo advanced. Oil prices were lower. Investors worry the Fed and other central banks look increasingly likely to tip the global economy into at least a brief recession to extinguish stubborn inflation. US inflation […]
The Congress is all set to kickstart its campaign for the 2024 Lok Sabha elections with its mega rally ‘Hain Tayyar Hum’ to be held in Maharashtra’s Nagpur city on Thursday, the party’s 139th foundation day. Congress’s rally in Nagpur holds significance as it is the city with which the grand-old party has historical links. […]
As KFin Technologies IPO opened for subscription this week, analysts draw comparisons with its competitor Computer Age Management Services (CAMS), which got listed two years ago. Which of the two stocks is a better bet for short term and long term investors? Both companies share a similar business model: providing services and solutions to AMCs […]
Devyani International Ltd’s Q3 revenues and Ebitda were broadly inline with our modest estimates. KFC same store growth (SSG) was muted at 3%, with Pizza Hut (PH) worse at (-6%). ADS was impacted by weak demand, dilution due to new store adds & downtrading. Gross margins declined to a multi-quarter low. Store adds guidance unchanged […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open on a positive note, as Nifty futures traded 46.5 points higher at 18,405 on the Singaporean exchange. Nifty and Sensex closed Wednesday’s session in the green territory despite unfavorable global cues. The NSE Nifty 50 rose 0.27% to 18,315.1 and […]
A formal request has been sent by the Indian government to Pakistan to extradite Hafiz Saeed, the founder of Lashkar-e-Taiba (LeT) and mastermind behind the 26/11 Mumbai attacks According to sources, the formal request has been sent by the Ministry of External Affairs to the government of Pakistan in which it has urged them to […]
The private equity and venture capital industry is batting for parity in terms of capital gains tax and holding periods between unlisted and listed securities. The listed shares are considered long term if held for more than 12 months. For unlisted shares this period is 24 months. Short term capital gains for listed shares are […]
Indian benchmark indices are likely to open on a mildly positive note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the green at the 17,629 level. In the previous session, Sensex closed in the red at 59,606, down 0.23% and the Nifty extended losses for a fifth session. “The equity market traded […]
Infosys shares were trading marginally higher on Friday at Rs 1,484 on NSE after the company reported a 13.4% rise in its consolidated net profit for the quarter ended December 2022 at Rs 6,586 crore on January 12. The company’s consolidated revenue from operations increased 20.2% to Rs 38,318 crore against Rs 31,867 crore in […]
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