Category: Uncategorized

Snapdeal-owned SaaS company Unicommerce has filed a draft red herring prospectus (DRHP) with market regulator SEBI for a secondary sale of 29.8 million shares, without any fresh issue component. Unicommerce is the latest tech company to file an initial public offering (IPO) prospectus in the last fortnight, after Ola Electric, Firstcry and Mobikwik. The offer […]

Following increased shipments coming into the country in previous months, especially from China, India continued to be a net importer of steel for the first nine months of the fiscal year (April-Dec).  Imports exceed exports by 0.9 million tonnes for the period under review.  As per a report by the Steel Ministry, accessed by businessline, imports stood at 5.6 […]

The Securities and Exchange Board of India (SEBI) said on Friday that all institutional investors will have to disclose their short-sale transactions upfront at the time of order placement. Retail investors will have to make a similar disclosure by the end of the trading hours on the transaction day. The move follows the Supreme Court […]

Suzlon Energy Ltd’s shares were up by 1.03 per cent after the company reported that it received 225 MW order for a wind power project from Everrenew Energy in Tamil Nadu. The project involves installing 75 wind turbines with a 3 MW capacity each at two sites. The electricity generated will be used for captive […]

Fintech unicorn MobiKwik is aiming to raise up to ₹880 crore via a fresh issue of shares in its upcoming initial public offering (IPO). The company’s board recently passed a resolution to raise ₹880 crore via fresh issue of shares. The fresh issue will also include a pre-IPO placement, according to the company filings with […]

The market regulator SEBI is in the process of giving in-principal approval to the joint venture between Jio Financial Services and BlackRock Financial Management for launching mutual fund business. The company filed an application with SEBI on October 19, 2023. Last July, Jio Financial Services announced that it is partnering with the US-based BlackRock Inc […]

CMS Info Systems Ltd.’s shares were up by 0.58 per cent after the company reported a 9.3 per cent year-over-year growth in retail consumption during the first half of FY24, based on an extensive analysis encompassing 11 consumer-facing sectors. The sectors include large format retail, jewellery, FMCG, e-commerce, hospitality, and aviation. The Retail Consumption Trends […]

India’s external balances remain favorable with a combination of low current account deficit, strong public market capital flows, adequate FX reserves and low external debt, Goldman Sachs said in a new report. “Combined with this, our expectations for a weaker dollar (on the back of our US economics team’s forecast for five Fed rate cuts […]

HDFC Bank said it acted as a sponsor and destination bank for “Trading supported by Blocked Amount in Secondary Market,” which kicked off on Monday on the Indian Stock Exchanges. SEBI and Stock Exchanges have permitted Trading in the Cash segment through a block mechanism, on an optional basis, for the Secondary Market from January 1, 2024. […]

Equity benchmark indices Sensex and Nifty kicked off 2024 on a flat note, with the 30-share index closing with marginal gains following some buying in energy, services and telecom counters. In a highly volatile trade, the Sensex gauge eked out a modest gain of 31.68 points or 0.04 per cent to settle at 72,271.94 after […]