Senco Gold IPO opens for subscription on July 4
Senco Gold, one of the leading jewellers, plans to ₹405 crore through an initial public offering which opens for subscription on July 4. The IPO consists of fresh equity issuance of ₹270 crore and an offer for sale by SAIF Partners India IV of ₹ 135 crore. The anchor investor bidding period is on Monday […]
Equity market sizzles as FPI inflow in June hits 10-month high
As the monsoon clouds picked up pace, the bearish dark cloud cover over the Indian equity market has been taken out decisively with benchmark indices climbing new highs for the third day. On Friday, the Sensex gained another 803.14 points, or 1.26 per cent, to close at a new high of 64,718.56. The broad-based Nifty […]
Adani Transmission stock down over 5 per cent as shares worth Rs 2,633 crore change hands
Around 3 per cent of the equity of Adani Transmission worth Rs 2,633 crore changed hands on a block trade in Friday morning deals at Rs 797.85 on the NSE, sending the stock down over 6 per cent. Sources said the promoter family was the seller and the buyer was likely to be boutique investment […]
Sovereign Gold Bond collection plunges by 46% in FY23 despite double-digit returns
Sovereign Gold Bond (SGB) is losing shine, as a collection through these bonds saw a dip of around 46 per cent during fiscal year 2022-23 compared to the fiscal year 2021-22. Interestingly, the return on investment was in double digit. Multiple reasons include no correction in prices and consequent higher issue prices. Issue prices for […]
Sponsors of REITs and InvITs to hold a minimum stake for the life of investment vehicles
The Securities and Exchange Board of India (SEBI) has revised the minimum unitholding by sponsors of REITs and InvITs, stating it will be on a reducing scale for the entire life of the REIT and InvITs. Current SEBI regulations mandate that the sponsor hold a minimum of 15 per cent of the units for a […]
Indian shares hit record highs; Nifty scales 19,000
India’s blue-chip Nifty 50 and Sensex stock indexes rallied about 1 per cent each to hit record highs on Wednesday, lifted by gains in some Adani group stocks and heavyweight financial stocks. The Nifty index rose as much as 1.03 per cent to a record high of 19,011.25 as of 1:55 pm, after struggling to […]
HAL board okays 1:2 stock split; to pay ₹15
The board of directors of Hindustan Aeronautics has announced a final dividend of ₹15 a share and a sub-division of existing one equity share of the face value of ₹10 each into two shares of ₹5 each. The stock on Tuesday closed 1.05 per cent lower at ₹3,661.25 on the BSE. HAL has fixed September […]
Sensex, Nifty to see flat opening ahead of holiday
The equity markets are expected to open on a flat note on Tuesday. Analysts expect trading to remain lacklustre ahead of the holiday, while F&O stocks may see volatility due to the impending expiry of monthly June contracts. Equity markets in India are closed on Wednesday, June 28 in observance of Eid. The market now lacks […]
Govt mulls allowing commodity exchange warehouses to issue integrated GST for efficient hedging
The government is actively considering a proposal to allow commodity exchange accredited warehouses to issue integrated GST to allow corporate hedgers and traders to take delivery on the exchange platform to benefit from set-off. Currently, these warehouses issue bills with a component of state GST and traders with manufacturing centres in different states find it […]
Mcap of 6 of top-10 most valued domestic firms erodes by Rs 1 lakh cr; Reliance takes biggest hit
Six of the top-10 most valued domestic firms suffered a combined erosion of ₹1,02,280.51 crore in market valuation last week, amid a weak trend in equities, with Reliance Industries taking the biggest hit. Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over […]