JSW Infra files DRHP to raise up to ₹2,800-cr via IPO
JSW Infrastructure, the ports business of the JSW Group, has filed the draft red herring prospectus with SEBI for an initial public offering. The ports business of Sajjan Jindal-led JSW Group plans to raise ₹2,800 crore through the IPO route. The company plans to deploy these funds to retire its debt and fund its capacity […]
Fincare Small Finance Bank eyes primary issuance of ₹625 cr
Proceeds from the proposed initial public offering (IPO) of Fincare Small Finance Bank (FSFB) will strengthen its capital adequacy ratio from about 20 per cent as of March-end 2023 to about 23–24 per cent, according to the bank’s management. The bank plans to raise funds via IPO through the issue of equity shares of face […]
Paytm gaining currency at bourses
Shares of One97 Communications, which operates the Paytm brand, jumped almost five per cent on Monday after analysts turned bullish on the stock as the company’s consolidated loss narrowed down to ₹168 crore in the March quarter. After hitting an intra-day high of ₹729.35 , the stock closed at ₹723.60 — a gain of 4.95 […]
RR Kabel files draft IPO papers to raise Rs 225 crore through fresh issue of equity
Ahmedabad, May 8 Branded wires and cables maker, RR Kabel Ltd, on Friday filed draft papers for an initial public offering to raise up to Rs 225 crore through a fresh issue of equity and an offer-for-sale from the existing shareholders, including PE player TPG Asia VII SF Pte. Ltd. The fresh issue aggregates up […]
Adani probe: SEBI lens on Hindenburg for possible short-selling breach
Even as SEBI has formed a prima facie view on 12 transactions carried by Adani Group, it is also examining potential violation of short-selling norms in India by Hindenburg Research. The US-based firm had made several allegations against Adani group but had acknowledged that it wanted to short Adani stocks. SEBI has analysed and formed its […]
Digital gold investment: A new era for investors
Modernisation is a way of evolution, and it penetrates every field. Gold is one field where we have recently seen many technology-based options coming up to serve our investment needs. The younger generation prefers accessibility, and gold in the digital format provides it along with the traditional value of gold investment still intact. Thus, digital […]
Most SIPs in mutual fund schemes fail to beat benchmarks
Notwithstanding the record-breaking inflows through systematic investment plan, most equity SIPs have failed to beat their respective benchmark index. Nearly 73 per cent of the flexi-cap, the most popular category among investors, have failed to beat their benchmark both over two- and 10-year as of April-end, according to data sourced from Fisdom, a leading online […]
Sensex, Nifty nosedive as MSCI threat looms over HDFC shares
India’s stock market nosedived on Friday as the country’s largest private sector bank HDFC Bank witnessed heavy selling pressure on the back of global index provider MSCI’s announcement regarding the bank. Sensex declined 694 points or 1.13 per cent to close at 61,054. The Nifty index fell 186 points or 1.02 per cent at 18,069. […]
Stable macro data, earnings trigger FPI buying in Indian shares in April: NSDL
Foreign portfolio investors (FPIs) were net buyers of Indian equities in April, the first month of the new financial year, National Securities Depository Ltd (NSDL) data showed on Friday. FPIs purchased shares worth ₹11,631 crore ($1.42 billion) on a net basis in April, the highest since November 2022. They had been net purchasers in the […]
NSE delays publishing its financial results
In a rare instance, the National Stock Exchange (NSE) has delayed publishing its financial results for quarter and year ending March 2023. The board members of the company have sought time till May 15 for the final publication of the results. While the NSE is yet to give any precise reason for the delay in […]