Indian rice prices up 10% in global market, affect export demand
Prices of Indian rice have increased by nearly 10 per cent over the past couple of weeks in the global market, but still they continue to be competitive as prices of the cereal from other origins have also gone up. However, the high prices have dried up export demand. “Indian rice prices have gone up […]
Sensex hits record high of 66,000 amid global rally and US CPI data; Infosys, ICICI Bank lead gains
Benchmark stock indices hit their all-time high levels in intra-day trade on Thursday, with Sensex breaching the historic 66,000-mark for the first time following a rally in global markets amid moderating US CPI inflation data. Buying in market heavyweight stocks Infosys, ICICI Bank and Tata Consultancy Services also helped markets settle in the positive territory. […]
Govt imposes import curbs on certain gold jewellery, articles
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut import of non-essential items. Now an importer would need a permission of licence from the government for importing these gold products. However, the Directorate General of Foreign Trade (DGFT) said that the restrictions will not be […]
Rupee’s plunging volatility leaves investors guessing RBI moves
Even in a year where currency volatility is falling worldwide, the slump in swings in the Indian rupee has traders from London to Singapore asking when the central bank will loosen its iron grip. The rupee’s one-month implied volatility versus the dollar crashed to its lowest since 2005 in June, drawing queries from investors on […]
SEBI issues ₹6-crore demand notice to 11 entities
Capital markets regulator SEBI has issued demand notices to 11 entities for paying ₹6 crore in a case involving Religare Finvest (RFL) fund diversion. In case of failure to make the payment within the stipulated 15 days, the regulator has warned to attach assets and accounts of the entities. The 11 entities on which notices […]
Utkarsh SFB’s ₹500-crore IPO to be open for subscription July 12-14
Utkarsh Small Finance Bank will launch its ₹500 crore initial public offering (IPO) on July 12, with the price band being set at ₹23-25. The IPO, entirely a fresh issue of shares, will close for subscription on July 14. Minimum Bid Lot is 600 equity shares. While not less than 75 per cent of the […]
Cyient DLM shares list at 52% premium on bourses
Shares of electronic manufacturing services firm Cyient DLM Ltd made a remarkable market debut on Monday, listing with a huge premium of 52 per cent, against the issue price of ₹265. The stock made its debut at ₹401, registering a jump of 51.32 per cent from the issue price on the BSE. It later rallied […]
SEBI puts in place framework for mutual fund Unit Holder Protection Committee
In order to protect the interests of unit holders of mutual fund schemes, SEBI has asked asset management companies to constitute a Unit Holder Protection Committee by January 1, 2024. The UHPC shall be responsible for the protection of the interests of unit holders of mutual fund schemes vis-à-vis all products and services provided by […]
NSDL files DRHP with SEBI for IPO
National Securities Depository, a market infrastructure institution, has filed its Draft Red Herring prospectus with SEBI for allowing the existing investors to offload part of their share through initial public offering. The offer for sale through the IPO comprises about 5.72 crore equity shares. Shares offload Among the existing investors, IDBI Bank and NSE will […]
Yatharth Hospital & Trauma Care raises ₹120 crore via pre-IPO placement
Yatharth Hospital & Trauma Care Services has undertaken a pre-IPO placement of 40 lakh equity shares at ₹300 per equity share aggregating to ₹120 crore. The board and shareholders have approved the placement last Wednesday. Of the pre-IPO placement, 20 lakh equity shares worth ₹60 crore were allotted to Plutus Wealth Management LLP; 10 lakh […]