Category: Uncategorized

Vodafone Idea Limited approved a further public offering (FPO) of equity shares, aggregating up to ₹18,000 crore. The capital raising committee has also approved the price band for the FPO issuance. According to the company, at ₹11, the higher end of the price band, represents a discount of approximately 26 per cent compared to the […]

RSWM (formerly known as Rajasthan Spinning and Weaving Mills group) Ltd, one of India’s leading yarn and knitted fabric manufacturers, has taken up six initiatives as part of its sustainability and green drive, says Brij Mohan Sharma, its joint managing director (JMD). “We have assigned different weightage to each of these areas and the performance […]

Even as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the cash-strapped telecom operator could drop as much as 61 per cent to ₹5, if the company continues to see subscriber churn. The latest data from telecom regulator, TRAI, reveal Vi […]

Suraj Estate Developers Limited’s shares were up 2.63% after the company settled a legal dispute with OLV & OLPS Society. The company reported, it finalised consent terms for the development of a property in Mahim, Mumbai, which includes a payment of approximately ₹47 crore to the landowner and additional flats to the society. This settlement […]

India’s National Cooperative Export Ltd, jointly owned by India’s five top cooperative organisations, will export 1,600 tonnes of white rice to Singapore following successful negotiations with the island nation’s aggregator.  Also read:Singapore may face rice shortage on row between its aggregator and NCEL “We will soon negotiate to export 2,000 tonnes more. The shipment will […]

The US-based Citigroup on Monday bought shares of RBL Bank and South Indian Bank through open market transactions. The global financial advisory through its affiliate Citigroup Global Markets Mauritius acquired 66.97 lakh shares amount to 1.11 per cent stake of RBL Bank. It also picked up more than 1.76 crore shares, or 0.7 per cent, […]

The rupee settled on a flat note on Monday at 83.31 (provisional) against the US dollar, as the support from positive domestic equities was negated by the strength of the American currency in the overseas market. Also read:Rupee inches higher, forward premiums slip as Fed rate cut bets recede Forex traders said investor sentiments got […]

Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companies This is three times the amount collected through this route in the last fiscal and the highest mop-up since FY17, the year from […]

Four of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a ₹78,127.48 crore […]

Precious metals are at record levels post last week’s rally. In terms of dollars, gold and silver appreciated 4.3 per cent and 10 per cent, as they closed at $2,330 and $27.50 per ounce respectively. Similarly, on the Multi Commodity Exchange, gold futures gained 4.3 per cent to end at ₹70,636 (per 10 gram), whereas […]