Bajaj Auto buyback offer oversubscribed 6.89 times
Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March 6 closed on Wednesday. The company announced its intention to buyback up to 40 lakh shares at a face value of ₹10 each. In January, […]
Stocks that will see action today: 13 March 2024
The market regulator has ordered Vedanta Ltd to pay ₹77.62 crore to Scottish explorer Cairn for delay in payment of dividends, and also barred the firm’s entire board, including his brother Navin and daughter Priya, from accessing the capital market for the same. In a stock exchange filing, Vedanta said it received the order on […]
India’s pain is Pakistan’s gain in global maize market as exports drop to a trickle
Pakistan has gained at India’s cost in the world corn (maize) market, particularly South-East Asia, as domestic prices are ruling higher than the global prices, exporters and traders said. This is in view of demand from the poultry and starch sectors besides for ethanol production amidst drop in the coarse cereal’s production this crop year […]
Small-caps wilt under selling pressure on valuation concern
Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined around 0.7-0.8 per cent while the slide was deeper in the case of BSE SmallCap that plunged 2.01 per cent. Also read: There are pockets […]
Crude oil futures decline as China’s imports fall
Crude oil futures traded lower on Monday morning as the recent data from China showed a decline in imports. At 9.52 am on Monday, May Brent oil futures were at $81.55, down by 0.65 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $77.47, down by 0.69 per cent. March […]
SEBI notifies regulations for small and medium REITs
Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum net worth of ₹20 crore and the REITs can raise a minimum of ₹50 crore from at least 200 unit holders. Also read: Editorial. SEBI […]
India to see record FPI inflows in FY24 on strong economic growth
The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week, after a tepid show in January and February. Also read: UAE’s exit from FATF grey list to boost FPI flows, […]
Small-cap mutual fund inflows moderate by 10% in February amid large-scale redemption
Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation and strong signals from SEBI on the froth developing in these schemes. Also read: AMFI calls for stress test on mid, small-cap schemes The redemption […]
Innerwear company Bummer raises ₹9.25 crore in funding
Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective Consumer Fund marks one of their first investments as a fund. Further strengthening the strategic support, is the continued backing from Fluid Ventures, an established […]
Colossa WomenFirst fund raises ₹100 crore in its first close
On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at ₹100 crore. Also read: Women-led startups see $100 million in funding in first 2 months of 2024, Delhi-NCR tops list: Tracxn The fund with a […]