Indian shares fell 1% on Wednesday in their worst day in two months, led by Reliance Industries and HDFC Bank, whose warning about its asset quality ratios also weighed on other financials.The Nifty 50 closed 1.2% lower at 19,901.4 points, while the S&P BSE Sensex closed 1.2% down to 66,800.84 points. The benchmarks have fallen […]
Digikore Studios plans listing, submits DRHP for IPO with NSE EmergeDigikore Studios plans listing, submits DRHP for IPO with NSE Emerge
Digikore Studios, a visual effects (VFX) studio, has filed preliminary papers with the NSE Emerge to enter the primary markets with the initial public offering (IPO) of 17,82,400 equity shares. According to the draft, the company proposes to utilise the fresh proceeds towards funding working capital requirements, general corporate purposes, and offer expenses. The IPO […]
Paper stocks see buying interest; expert sees demand for packaging driving stocksPaper stocks see buying interest; expert sees demand for packaging driving stocks
The paper stocks have been seeing a fair bit of buying interest. The share price of Andhra Paper has zoomed over 20% in the last 5 days, whereas for Seshasayee Paper & Boards and West Coast Paper Mills, it has grown over 17% and 14%, respectively, over the same period. Among other Paper stocks, JK […]
JSW Energy (Barmer) completes bonus issue of 75.38 crore sharesJSW Energy (Barmer) completes bonus issue of 75.38 crore shares
JSW Energy arm JSW Energy (Barmer) Ltd on Wednesday said it has completed a bonus issue of 75.38 crore shares worth Rs 753.89 crore. “JSW Energy (Barmer) Ltd (JSWEBL), a wholly owned material subsidiary of the company, has completed a bonus issue of 75,38,93,332 fully paid-up equity shares of Rs 10 each amounting to Rs […]
Rupee caught between further rise in US yields, yuan recoveryRupee caught between further rise in US yields, yuan recovery
The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open near Monday’s level of 83.1075. “The RBI (Reserve Bank of India) is averse to it (the USD/INR) […]
Wall Street Week Ahead-Historically stormy month of September may test US stock rallyWall Street Week Ahead-Historically stormy month of September may test US stock rally
U.S. stock investors are bracing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting and worries over a possible government shutdown during a month of historically muted equity performance.In Septembers since 1945, the S&P 500 has declined an average of 0.7%, the worst performance of any month, […]
State-owned IREDA files draft papers with SebiState-owned IREDA files draft papers with Sebi
State-run Indian Renewable Energy Development Agency (IREDA) has filed preliminary papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).This is the third time that the state-owned company has filed its IPO papers and is proposing to take the firm public after two failed attempts in 2017 and 2019 in the […]
FPI buying in Indian shares slows to four-month low in AugustFPI buying in Indian shares slows to four-month low in August
Foreign portfolio investor (FPIs) inflows in Indian equities were at a four-month low of 122.62 billion rupees ($1.48 billion) in August, even as purchases rose in the second half of the month, data from the National Securities Depository Ltd (NSDL) showed. FPIs bought shares worth 115.25 billion rupees on a net basis in the second […]
Vande Bharat in Kerala! PM Modi green flags first semi-high-speed train from Thiruvananthapuram – See PhotosVande Bharat in Kerala! PM Modi green flags first semi-high-speed train from Thiruvananthapuram – See Photos
1/7 Prime Minister Narendra Modi flagged off the first Vande Bharat Express of Kerala on Tuesday. It will run from Thiruvananthapuram to Kasargod.At Thiruvananthapuram Central Station, PM Modi flagged off Vande Bharat Express. Chief Minister of Kerala Pinarayi Vijayan, Congress MP Shashi Tharoor, and Governor of the state Arif Mohammed Khan were present on the […]
Hero MotoCorp’s premium push continues to dent market share, m-capHero MotoCorp’s premium push continues to dent market share, m-cap
Hero MotoCorp’s attempts to crack the premium bike segment once again by bringing back the Karizma motorcycle after a nine-year hiatus has not enthused investors, even as it continues to cede market share and has slipped to fourth position in the market capitalisation ranking. After pulling it out from showrooms in 2014 due to poor […]