As Swiss regulator FINMA decided to write down $17 billion worth of Additional Tier 1, or AT-1, Credit Suisse bonds in its rescue merger with UBS, Indian investors are reminded of similar horrors regarding AT-1 bonds, as experienced by the Yes Bank shocker in 2020. The RBI, supported by the SBI-led consortium, wrote down private […]
By Rajesh Palviya On the daily chart, the NSE Nifty 50 index formed a sizable bearish candle and has closed below previous session’s low indicating negative bias. The index is moving in a Lower Top and Lower Bottom formation on the daily chart indicating negative bias. The chart pattern suggests that if Nifty 50 crosses […]
Commodity bourse the National Commodity and Derivatives Exchange (NCDEX) will be relaunching futures contracts of groundnut in the next couple of weeks, trade sources said. NCDEX had discontinued trading in groundnut futures around 2010. They said that groundnut prices witness volatility and global participation and interest in the commodity segments has increased in the last […]
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 […]
ICICI Securities has given a buy call on Indraprastha Gas with a target price of Rs 540. Key takeaways: Kirit Parikh Committee recommendations are mostly positive: The recommendations to fix a first year price ceiling of US$6.5/ mmbtu is a material positive for gas costs, with an annual escalation of US$0.5/mmbtu, a manageable price increase […]
By Shrikant Chouhan The benchmark indices NSE Nifty 50 and BSE Sensex continued positive momentum on Tuesday. After a muted opening, the Nifty/Sensex slipped over 50/150 points, but one more time they took support near 17850/59850 and reversed sharply. Among sectors, PSU bank stocks outperformed, and the Nifty PSU Bank index rallied over 3 per […]
Pune-based logistics company, Xpressbees, on Friday, announced it had raised $ 40 million in funding from Khazanah Nasional Berhad (Khazanah), the sovereign wealth fund of Malaysia. This investment will be made through a secondary purchase from an early investor in the company. Khazanah joins Blackstone Growth, TPG Growth, ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest […]
Prime Minister Narendra Modi has become the first global leader to surpass 20 million subscribers on his YouTube channel, placing him well ahead of his peers in India and abroad. PM Modi’s YouTube channel now holds the distinction of being the most followed YouTube channel among world leaders. On second spot is former Brazilian President […]
Radiant Cash Management IPO opened for subscription for retail investors on Friday, 23 December. The issue will conclude next week on 27 December. The price band of the issue has been fixed at Rs 94-99 per share. The integrated cash logistics player is looking to raise Rs 388 crore via the maiden public issue. The […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s volatile session in green territory. The NSE Nifty 50 rose 15 pts or 0.08% to 17,827.40, BSE Sensex increased 38.23 pts or 0.06% to 60,431 and Bank Nifty surged 574.60 pts or 1.38% to 42,132.55. The top gainers on Nifty 50 […]
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