Category: Uncategorized

[ad_1] The derivative to cash volumes for the National Stock Exchange (NSE) at the end of July stood at 421 times, substantially higher than all other markets, and a significant jump from 237 times last year. For Germany’s Deutsche Boerse, which is the closest in the metric, the ratio was 36x. Israel’s Tel-Aviv Stock Exchange […]

[ad_1] Retail investors have gone crazy over IPO of Kahan Packaging. The public issue of this little-known Mumbai based firm that manufactures polymer-based woven products saw bids over 1,000 times, precisely 1,044 times from retail investors. Non-institution investors portion received bids for 405.59 times. The issue came out with a fixed price of ₹80 a […]

[ad_1] The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 (provisional) against the US dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI. Besides, the local unit appreciated after the Reserve Bank announced the discontinuation of incremental cash reserve ratio in a […]

[ad_1] Gaming and media firm Nazara Technologies said it is raising ₹410 crore from SBI Mutual Fund. The company’s board approved the issue of 57.4 lakh equity shares (57,42,296 equity shares) for ₹714 per share to SBI Mutual Fund, by way of preferential issue on a private placement basis. The funds will be invested via […]

[ad_1] Biocon Ltd.’s shares were up by 0.65 per cent after a subsidiary of Biocon Biologics completed the integration of Viatris’ biosimilar business in North America (covering the United States and Canada) effective September 1, 2023. Since the acquisition agreement was sealed, Biocon Biologics has implemented an integration plan, overseeing the transition of partners, personnel, […]

[ad_1] Sugar company stocks gained 6-8 per cent on expectations of sharp spike in prices on the back of prevailing drought-like situation in the key sugarcane growing regions. Shree Renuka Sugars was up five per cent at ₹53, EID Parry and Dwarikesh Sugar increased eight per cent and six per cent to ₹522 and ₹99, […]

[ad_1] The primary issuances on the exchange platform for small and medium enterprises (SMEs) are making waves with Chennai-based Basic Fly Studio mopping up all-time high investment of ₹14,169 crore against the issue size of ₹66.35 crore. Interestingly, the retail individual investors portion of ₹19.74 crore attracted an investment of ₹8,197 crore and was subscribed […]

[ad_1] Listed real estate investment trusts (REITs) have come together to form The Indian REITs Association (IRA), which was launched on Tuesday under the guidance of the Securities and Exchange Board of India and the Ministry of Finance. Brookfield India Real Estate Trust, Embassy REIT, Mindspace Business Parks REIT, and Nexus Select Trust are the […]

[ad_1] Discount broking firm Zerodha has filed papers with the market regulator Securities and Exchange Board of India (SEBI) to launch two passive funds. This comes nearly a month after it got the nod from the market regulator to set up Zerodha Asset Management Ltd. Zerodha AMC will launch passive schemes. It has filed draft […]

[ad_1] Asian stock markets saw modest gains as investors considered positive US jobs data, which suggests the Federal Reserve may be approaching the conclusion of its tightening measures. At the opening bell, stocks in South Korea and Australia moved higher, while Japanese equities maintained slight upward momentum. On Monday, Japanese stocks initiated the trading day […]