Manufacturer of agricultural inputs Nova Agritech Ltd has filed its preliminary papers with capital markets regulator Sebi to mobilise funds through initial public offering (IPO). Shares of the company are proposed to be listed on both NSE and BSE. The Telangana-based company may consider a pre-IPO placement of equity shares of up to Rs 25 […]
Binance Coin (BNB) is the native cryptocurrency of the Binance Chain, including the Binance central exchange. Binance Coin has taken a hit in 2023 despite being a favorite among many investors in the past. The token has struggled to maintain momentum with waning investor confidence, registering a mere 10.12% increase year-to-date. This has left many […]
The fee brokers charge clients is likely to head north following the markets regulator’s decision to curb the pool of clients’ money or float lying with the brokers. On Wednesday, the Securities and Exchange Board of India (Sebi) gave its nod to a broad framework for Application Supported by Blocked Amount (Asba)-like facility being made […]
Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, […]
The domestic equity market would focus on global trends and foreign fund trading activity this week amid lack of any major trigger at home, analysts said. “This week won’t bring any significant cues, so we may see a tussle between bulls and bears. Because the US market is currently experiencing the second wave of selling […]
By Bhavik Patel Economic impact of rising interest rates is keeping prices of crude under check. Strike in France, drop in US inventory and some pullback in US dollar have stopped the prices from sliding but near term impact of crude prices will be on the direction of US dollar. 14th March US inflation number […]
Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit. Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance […]
ChatGPT has sent the share prices of online learning firms such as Chegg and Pearson sinking on fears that it will replace traditional education. However, OpenAI’s chatbot believes it won’t be able to do so, it said when prompted by FinancialExpress.com. “I am not capable of replacing online classes or school textbooks. While I can […]
A Rs 20,000-crore share sale by Adani Enterprises remains on schedule at the planned issue price and requires no addendum to be published on account of the report published by Hindenburg Research, the company said on Saturday. Sources who spoke to Reuters said bankers were considering changes due to a market rout in the group’s […]
Kalyani Group company BF Investment’s board has deferred the voluntary delisting of the company. Prior to the issuance of the initial public announcement, the beneficiary position data (BENPOS) of the company showed that one of the members of the company’s promoter group had sold 400 equity shares of the company on June 29, 2022. As […]
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