M-cap of BSE-listed firms reaches record high of ₹297.94-lakh crore
The market capitalisation of BSE-listed firms reached a record high of ₹297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has […]
QRs for e-Re retail, UPI to become interoperable
Nearly six months after the launch of Central Bank Digital Currency- retail or e-Re Retail, it’s set to undergo the first major rehaul. The QR codes of e-Re retail and UPI (unified payments interface) may become interoperable in a few weeks from now. That means merchants can receive payments made through e-Re retail using the […]
GQG Partners’ stakes in Adani Enterprises, Adani Green rises above 5 per cent
Boutique investment firm GQG Partners holds a 5.4 per cent stake in Adani Enterprises and a 6.54 per cent stake in Adani Green Energy at the end of June. The US-based investment firm, which started investing in the Adani group in early March when the group was reeling from damaging allegations made by short-seller Hindenburg […]
Senco Gold IPO opens for subscription on July 4
Senco Gold, one of the leading jewellers, plans to ₹405 crore through an initial public offering which opens for subscription on July 4. The IPO consists of fresh equity issuance of ₹270 crore and an offer for sale by SAIF Partners India IV of ₹ 135 crore. The anchor investor bidding period is on Monday […]
Equity market sizzles as FPI inflow in June hits 10-month high
As the monsoon clouds picked up pace, the bearish dark cloud cover over the Indian equity market has been taken out decisively with benchmark indices climbing new highs for the third day. On Friday, the Sensex gained another 803.14 points, or 1.26 per cent, to close at a new high of 64,718.56. The broad-based Nifty […]
Adani Transmission stock down over 5 per cent as shares worth Rs 2,633 crore change hands
Around 3 per cent of the equity of Adani Transmission worth Rs 2,633 crore changed hands on a block trade in Friday morning deals at Rs 797.85 on the NSE, sending the stock down over 6 per cent. Sources said the promoter family was the seller and the buyer was likely to be boutique investment […]
Sovereign Gold Bond collection plunges by 46% in FY23 despite double-digit returns
Sovereign Gold Bond (SGB) is losing shine, as a collection through these bonds saw a dip of around 46 per cent during fiscal year 2022-23 compared to the fiscal year 2021-22. Interestingly, the return on investment was in double digit. Multiple reasons include no correction in prices and consequent higher issue prices. Issue prices for […]
Sponsors of REITs and InvITs to hold a minimum stake for the life of investment vehicles
The Securities and Exchange Board of India (SEBI) has revised the minimum unitholding by sponsors of REITs and InvITs, stating it will be on a reducing scale for the entire life of the REIT and InvITs. Current SEBI regulations mandate that the sponsor hold a minimum of 15 per cent of the units for a […]
Indian shares hit record highs; Nifty scales 19,000
India’s blue-chip Nifty 50 and Sensex stock indexes rallied about 1 per cent each to hit record highs on Wednesday, lifted by gains in some Adani group stocks and heavyweight financial stocks. The Nifty index rose as much as 1.03 per cent to a record high of 19,011.25 as of 1:55 pm, after struggling to […]
HAL board okays 1:2 stock split; to pay ₹15
The board of directors of Hindustan Aeronautics has announced a final dividend of ₹15 a share and a sub-division of existing one equity share of the face value of ₹10 each into two shares of ₹5 each. The stock on Tuesday closed 1.05 per cent lower at ₹3,661.25 on the BSE. HAL has fixed September […]