Category: Uncategorized

The Securities Appellate Tribunal (SAT) on Thursday quashed the insider trading order against former NDTV promoters Prannoy Roy and Radhika Roy. The order, issued by the market regulator in 2020, found that the Roys had traded while in possession of price-sensitive information, and directed them to disgorge the unlawful gains, and prohibited them from accessing […]

The stock of Arvind Ltd has been on an uptrend since April this year. It found support at ₹80 and then established an uptrend. In August, it surpassed a resistance at ₹150 and a couple of days ago, it broke out of another barrier at ₹180. So, even though there was a minor decline in […]

Fineotex Chemical Limited has been granted accreditation by the National Accreditation Board for Testing and Calibration Laboratories (NABL) for its laboratory located at Sasmira Institute, Worli, Mumbai.  NABL, an Indian accreditation body, evaluates and accredits laboratories to ensure they adhere to international standards of quality and competence. The accreditation affirms that Fineotex Chemical’s laboratory has […]

Tata Technologies, a subsidiary of Tata Motors (TML), has reserved a portion of its initial public offering for its employees and TML shareholders, following a board resolution to this effect on September 6. The portion reserved for employees will constitute up to 0.5 per cent of the post-offer paid-up equity share capital, while that reserved […]

Juniper Hotels Ltd, which runs the “Hyatt” brand, has filed a draft red herring prospectus with regulator SEBI to raise Rs 1,800 crore. The company’s maiden public issue will be an entirely fresh issue of equity shares with no Offer-for-Sale (OFS) component. The issue is being made through the book-building process, wherein not less than […]

Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September. Consumption of diesel, the most consumed […]

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over ₹14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, […]

There are many similarities between ICICI Bank and Axis Bank. For one, they were once known as corporate loan-heavy banks. In 2015, when the asset quality issue hit the sector, both were the most impacted among the private sector banks. Around the same time, ICICI and Axis saw changes in leadership. What was possibly different […]

CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and offer for sale up to 54.31 lakh shares by existing shareholders. The OFS comprises of 3.69 lakh shares by […]

Benchmark Sensex rose by 320 points while Nifty closed above the 19,600 mark on Friday after value-buying in metal, financial and energy stocks aided by positive trends in the US and European markets. The 30-share BSE Sensex climbed 320.09 points or 0.49 per cent to settle at 65,828.41. During the day, it jumped 643.33 points […]