Category: Uncategorized

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 […]

Calendar year 2023 has seen a sharp increase in sell-downs by promoters and PE/VC investors compared to the previous years. Promoters have offloaded almost ₹87,000 crore (~$10 billion) of equities this year, the highest in the past six years and 2.2x that in the previous year, a report by Kotak Institutional Equities observed. Adani Group […]

DCM Shriram Ltd’s shares were up by 0.5 per cent after the company reported securing a sustainability-linked loan (SLL) of ₹200 crore from HSBC India. This financial move is intended to support the company’s ongoing capital expenditure program in Bharuch, Gujarat Amit Agarwal, Executive Director and Group CFO of DCM Shriram Ltd, said, “This is […]

Shares of IFC-backed Signatureglobal will make a debut. The company has fixed the price at ₹385, at the upper end of the price band. The company launched ₹730-crore IPO last week, which contained a fresh of ₹603 crore and offer-for-sales by IFC worth ₹127 crore. The issue was a strong response by subscribing over 12 […]

In the second half of last week, the rupee (INR) appreciated against the dollar (USD). However, after marking a high of 82.83, the Indian currency depreciated and it ended at 83.23 on Tuesday. Therefore, there has not been much change over the past week and on a weekly basis. The rupee has remained flat against […]