Infrastructure investment trust Bharat Highways InvIT has filed draft prospectus with the capital markets regulator Sebi to mop-up Rs 2,000 crore through an initial public offering (IPO). Proceeds of the issue will be used to repay certain loans obtained by the Project SPVs (special purpose vehicles) and for general corporate purposes, according to the draft […]
By Bhavik Patel Oil prices could see better 2023 than 2022. We believe the price will sustain above $90 as money managers have increased their long position after Brent breached $80 on the back of expectation of increased oil demand from China and rest of the world. Both IEA and OPEC have issued in their […]
Paytm shares were trading 1.23% lower at Rs 532 on NSE intraday on Wednesday. Shares of One 97 Communications Ltd (Paytm’s parent company) have been falling for a while now. However, the stock came under intense pressure recently when the lock-in period for pre-IPO investors ended. Currently, the Paytm scrip is trading down 72% from […]
By Dharmesh Shah Equity benchmarks snapped the two weeks losing streak and concluded a truncated week on a positive note as Nifty settled at 17916, up 1.4%. The broader markets relatively outperformed as Nifty midcap and small-cap rose 3.2% and 2.5% respectively. Sectorally, all major indices ended in green led by IT, Metal, PSU Bank, […]
Benchmark indices were trading in the positive territory in early trade on Wednesday amid fresh foreign fund inflows and buying in HDFC twins. The 30-share BSE Sensex advanced 218.68 points to 57,832.40 in initial trade. The broader NSE Nifty climbed 71.5 points to 17,023.20. Among the Sensex firms, Mahindra & Mahindra, Hindustan Unilever, HCL Technologies, […]
Global stock markets were mixed on Wednesday as recession fears and banking sector strain weighed on European stocks and the dollar while Wall Street stock futures firmed on bullish updates from Microsoft and Google parent Alphabet. Europe’s STOXX 600 share index fell 0.8% as regional banking stocks dropped by the same amount. MSCI’s broad index […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Sunday, 19 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 […]
Sebi has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In a circular, the regulator laid out certain conditions, by way of which AIF investors may be exempt from certain investments. One instance would be if the investor — based on the opinion of a legal […]
The quarterly performance by Axis Bank was reflective of broader themes observed in other banks. NIM improved sharply and drove a beat in NII, and operating expenses were kept in check. Together, this led to a beat in profit estimates. The overall transformation at Axis Bank continues. As AXSB pivots its asset mix towards higher […]
Following the positive trend in global markets, domestic indices surged over 1.5%. The 30-share BSE Sensex rose 718 points or 1.2% to 60,618 and NSE Nifty advanced 198 points or 1.11% to 18,058. Infosys, ICICI Bank, Reliance Industries, TCS, HDFC Bank are the most active Nifty 50 stocks intraday. Nifty 50 Gainers and Losers On […]
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