Rekha Jhunjhunwala-Backed Baazar Style Retail IPO to Open on August 30: All You Need to Know

TBO Tek IPO Receives 86.45 Times Subscription, Check GMP Today

Style Baazar Retail IPO: The initial public offering (IPO) of Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail Ltd will be opened for public subscription on August 30. According to Kolkata-based value fashion retailer’s red herring prospectus with markets regulator Sebi, the IPO comprises a fresh issuance of equity shares worth Rs 148 crore and an offer-for-sale … Read more

NCLT Approves Delisting of ICICI Securities, Dismisses Petition by Minority Shareholders

Union Budget 2024: 7 Stocks To Add To Your Portfolio For Up To 22% Upside

Last Updated: August 21, 2024, 14:27 IST NCLT Approves Delisting of ICICI Securities The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved the delisting application of ICICI Securities from the stock exchanges and also rejected objections filed by minority shareholders. The Mumbai bench of the National Company Law Tribunal (NCLT) on … Read more

Adani Group EBITDA Surges 33% in Q1, Leverage at Multi-Year Low

Adani Group EBITDA Surges 33% in Q1, Leverage at Multi-Year Low

Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in a trailing twelve-month … Read more

Raksha Bandhan: Are Indian Stock Markets Closed on Monday?

BSE, NSE To Remain Closed On Independence Day: Check Stock Market Holidays In 2024

The National Stock Exchange (NSE) and BSE will remain open on Monday. August 19 is a working day for the Indian stock market and the trading will take place as usual throughout the day. After a truncated week, the week starting from Monday is full of hopes among investors as the domestic stock market closed … Read more

Ecom Express Files Papers with Sebi for Rs 2,600-Crore IPO

FirstCry IPO: Check Subscription Status, GMP Today

Ecom Express Ltd has filed draft papers with capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale. The company’s initial public offering (IPO) comprises a fresh issue of equity shares worth Rs 1,284.50 crore and an Offer for Sale (OFS) of shares valued Rs 1,315.50 crore by promoters and other shareholders, … Read more

US Court Orders Vedanta Group-backed Sterlite Tech to Pay $96.5 Million to Prysmian

US Court Orders Vedanta Group-backed Sterlite Tech to Pay $96.5 Million to Prysmian

An American court has ordered Vedanta Group-backed Sterlite Technologies’ overseas arm to pay $96.5 million, about Rs 810 crore, in damages to US-based Prysmian for violating trade secrets norms. The American court has awarded $200,000 penalty on Stephen Szymanski, Sterlite Technologies Inc (STI) Executive Vice President for Americas Region, for misappropriation of trade secrets of … Read more

AI In Finance: Sebi Says Investment Advisers, Research Analysts Must Disclose Tool Usage To Clients

AI In Finance: Sebi Says Investment Advisers, Research Analysts Must Disclose Tool Usage To Clients

Sebi said considering that the investment advice/research services provided by IA/RA based on AI tools would affect the investment decision of clients. (Representative Image: Shutterstock) Sebi has proposed that registered Investment Advisers and Research Analysts who employ AI tools in their services must disclose the extent of usage to clients Sebi has proposed that registered … Read more

Coffee Day Enterprises Pays Rs 7.52 Lakh to Sebi Towards Settlement of Disclosure Lapses Case

Coffee Day Enterprises Pays Rs 7.52 Lakh to Sebi Towards Settlement of Disclosure Lapses Case

Sebi had initiated adjudication proceedings against Coffee Day Enterprises for the alleged violation of provisions of Sebi’s LODR rules. In view of the acceptance of the settlement terms and the receipt of the settlement amount, the instant adjudication proceedings initiated against CDEL is disposed of, says Sebi. Coffee Day Enterprises Ltd (CDEL), which owns and … Read more

Get Back to Core Banking Activity: FM Nirmala Sitharaman to Banks

Get Back to Core Banking Activity: FM Nirmala Sitharaman to Banks

Union Finance Minister Nirmala Sitharaman addressed the RBI’s Central Board of Directors with Union Minister of State for Finance Pankaj Chaudhary along with RBI Governor Shaktikanta Das at its customary post-Budget meeting in New Delhi, on Saturday. RBI and the government are asking banks to focus on core banking activity of deposits and lending, says … Read more

Sebi Asks Mutual Fund Industry To Proactively Conduct Stress Test

Sebi Asks Mutual Fund Industry To Proactively Conduct Stress Test

Sebi official said that while the current risk measurement system is straightforward and has had a significant impact, it doesn’t fully capture the differences in risks among various investment schemes. The regulator’s stress testing emphasizes the need to assess and manage liquidity risks, especially in small and midcap equity schemes. Markets regulator Sebi has asked … Read more

FirstCry IPO: Check Subscription Status, GMP Today

FirstCry IPO: Check Subscription Status, GMP Today

FirstCry IPO: The initial public offering (IPO) of e-commerce platform FirstCry’s parent Brainbees Solutions Ltd is going to be closed at 5 pm today. Till 4:05 pm on the final day of bidding on Thursday, the 4,193.73-crore IPO received a whopping 12.17 times subscription, garnering bids for 60,43,01,664 shares as against 4,96,39,004 shares on offer. … Read more

Bangladesh Crisis: How Will India Inc Be Impacted As Marico, HUL, Other FMCG Companies Hit?

Bangladesh Crisis: How Will India Inc Be Impacted As Marico, HUL, Other FMCG Companies Hit?

Anti-government protestors display Bangladesh’s national flag as they storm Prime Minister Sheikh Hasina’s palace in Dhaka on August 5, 2024. (AFP) Indian FMCG companies including Marico, Dabur, Emami and HUL have a presence in Bangladesh accounting for overall revenues in the range of 1-5 per cent. Even since the fall of the Sheikh Hasina government … Read more

F&O Trading: SBI Chairman Says Discouraging Retail Play May Help Banks Garner Deposits

Market Forecast: Holiday Shortened Week Packed With Geopolitical Shifts, Earnings and Macro Data

Sebi has come up with a seven-point plan to reduce such trades, while some moves in the Union Budget are also targeted to reduce such activities. (Representative image) As per Sebi, retail investors lost Rs 52,000 crore in such activity in FY24 alone which necessitates a clampdown. Regulatory moves discouraging retail investors’ derivative market bets … Read more

Dabur India Q1 Net Profit Rises Over 8% YoY to Rs 494.35 Crore

Dabur India Q1 Net Profit Rises Over 8% YoY to Rs 494.35 Crore

Dabur India has declared its Q1 financial results. Dabur India’s consolidated revenue from operations in the quarter under review was at Rs 3,349.11 crore as against Rs 3,130.47 crore in the year-ago period. Home-grown FMCG major Dabur India on Thursday reported an 8.27 per cent rise in consolidated net profit at Rs 494.35 crore in … Read more

Varun Beverages Tanks 6% After Q2 Results, Stock Split, Dividend Announcements; Know Why

Varun Beverages Tanks 6% After Q2 Results, Stock Split, Dividend Announcements; Know Why

Varun Beverages after Q2 results, with annotations highlighting the stock split and dividend announcements. Varun Beverages, largest bottling company of PepsiCo’s beverages in the world outside US, made the announcement regarding the stock split Shares of Varun Beverages Ltd plunged 6 per cent in Tuesday’s trade even as the PepsiCo bottler said its profit after … Read more