The Rs 518 crore public offer of Equitas Small Finance Bank has subscribed 1.94 times on October 22, the final day of bidding.
The offer has received bids for 22.48 crore equity shares against offer size of 11.58 crore equity shares, the subscription data available on the exchanges showed. The offer size excluded anchor book, through which company had raised Rs 140 crore on October 19.
Larsen & Toubro (L&T) share price gained over 2 percent in the morning session on October 20, a day after the company emerged as the lowest bidder for the high-speed Mumbai-Ahmedabad rail corridor.
The National High Speed Rail Corporation Limited (NHSRCL) on October 19 said Larsen & Toubro has emerged as the lowest bidder for the largest segment of the Mumbai-Ahmedabad bullet train project.
ACC share price touched a 52-week high of Rs 1,597.45, adding 2 percent in the early trade on October 20, a day after the cement manufacturer reported a jump in profits in the third quarter.
The company, which follows January-December financial year, posted a consolidated net profit of Rs 363.85 crore, up 20.26 percent year-on-year (YoY) for the September quarter. It reported a profit of Rs 302.56 crore in the corresponding quarter of the previous financial year.
Tata Communications share price hit 5 percent upper circuit on October 19 after the company declared its September quarter results.
The company on October 16 posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter. The company had registered a profit of Rs 54.31 crore in the corresponding period of the preceding fiscal.
major HCL Technologies reported a 7.4 percent rise in net profit for at Rs 3,142 crore for the September quarter as against Rs 2,925 crore in the previous quarter. The net profit beat CNBC-TV18 analysts' poll estimates of Rs 3,046 crore.
IT services company Infosys share price declined 2 percent in the morning trade on October 14, with the company expected to announce its earnings for the September quarter later in the day.
Circuit limits on a number of stocks have been revised with effect from today on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). While some shares’ circuit filter limits have been widened, some others limits have been narrowed. Some of the marquee names include Adani Transmission, where the circuit limit has been changed from 10% earlier to 20%, effective today. Cholamandalam Financial Holdings, Emami Paper Mills, Lakshmi Vilas Bank, Indian Overseas Bank, Laurus Labs are some of the other firms where circuit limit has been revised upwards from 10% to 20%.
Reliance Industries Ltd (NS:RELI) said on Wednesday U.S. Fund General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, making it the latest in a series of investments at the Indian oil-to-telecoms conglomerate.
· UTI AMC IPO will open on September 29 and close on October 1
· The mutual fund company will offer 3.8 crore of its shares in the price band of ₹552 -554
Private sector lender, Lakshmi Vilas Bank (LVB) on September 27 said its liquidity position continues to remain strong and it has a fully functional board despite the rejection of seven directors by shareholders at the recent annual general meeting (AGM).
SURAT: A major fire break out at the Hazria Gas processing plant of the oil and Natural Gas Corporation Limited (ONGC) on Thrusday early morning. As per the local authorities, three back to back explosion at the plant sparked the fire.
Global selloff sends Sensex tumbling 812 pts, Nifty 50 slips below 11,250; jindal steel dives 13% , Induslnd Bank 9%
Angel Broking IPO to open on September 22; price band set at Rs. 305-306
This article is posted for testing purpose
Beware of Chinese bearing gifts, or rather Chinese ecommerce companies bearing gifts. India’s government, worried that many of China’s online merchants are in effect abusing this country’s no-cap rule on duty-free gifts, is considering setting an upper limit on the number of overseas gifts any citizen can receive in a year.
Within 10 days of the Modi government winning a second term, the finance ministry took a major step to clean up the income tax department and "compulsorily retired" a dozen high-ranking officers facing charges ranging from corruption and disproportionate assets to non-performance. Sources said the finance ministry has invoked Rule 56J of the "fundamental rules" against the officers, citing "public interest".
A dovish Federal Reserve can use tools such as rate cuts to lessen the damage of America’s tariff skirmishes with China and Mexico, but it is either limited in its effectiveness or in its motivations, two economists told CNBC on Thursday. Instead, the U.S. has to resolve those issues at the negotiating table, Nathan Sheets, chief economist at asset manager PGIM Fixed Income, told CNBC at the IIF Spring Membership Meeting in Tokyo.
The company withdrew its application for the Mission Rock plant in a letter to the California Energy Commission dated May 21. That decision ended a years-long conflict over the permitting of the plant, a 255-megawatt combustion turbine facility planned on the banks of the Santa Clara River in Ventura County, northwest of Los Angeles. The Native American Chumash people opposed the plant as a disruption to a river environment that they consider sacred.
Auto major Mahindra and Mahindra Saturday reported 3 per cent decline in total sales at 45,421 units in May. The company had sold 46,848 units in the same month last year, M&M said in a statement.
Asia stocks hovered near four-month lows on Monday amid concerns about US-China tensions while the euro was confined to a narrow range after the weekend's European Parliament elections. MSCI's broadest index of Asia-Pacific shares outside Japan was virtually flat, a sliver above from a four-month low touched on Friday, with market holidays in the US and UK denting trading volumes. Casting a shadow over many share markets were worries the China-US trade conflict was turning into a technology cold war between the world's two largest economies. Japan's Nikkei average was up 0.3% by its midday break. Chinese shares began Monday higher but then slipped, with the benchmark Shanghai Composite down 0.3% and the blue-chip CSI 300 falling 0.6%. Hong Kong's Hang Seng dropped 0.5%.
The market touched record highs on election results day with the Nifty50 hitting 12,000 and BSE Sensex 40,000 intraday, though both indices cooled off from their day's high in the afternoon trade on May 23. Current leads of more than 340 seats indicate that BJP-led NDA is expected to form government at the Center for the second time in a row.
In a bid to support the fintech industry in, the Reserve Bank of India introduced a regulatory sandbox for the startups to test their products and services. Now a similar initiative has been taken by market regulator Securities and Exchange Board of India (SEBI) and insurance regulator Insurance Regulatory and Development Authority of India (IRDAI).
Tata Sons has offered to buy out Shapoorji Pallonji group's stake in the holding company to help the group raise money to pay its debt. The Supreme Court has also barred the Mistry group from pledging or selling any Tata shares until October 28, when it starts hearing final arguments in the case.
The Canadian insurance industry still has work to do when it comes to promoting and encouraging diversity and inclusion – but things are moving in the right direction. Earlier this month, more than 300 individuals from the Canadian insurance industry gathered at Women in Insurance Toronto – a lively and empowering networking event focused on boosting the careers of women in insurance. The message resonating at the event was clear: It’s time to turn awareness into action.
GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year. The prototype available on webportal gives stakeholders a feel of what the new return filing system will look like. GSTN also sought stakeholder feedback on the proposed offline tool. It will allow users to use functionality such as drop down menus, invoice upload, upload of purchase register for matching with system created inward supplies.
Singapore and Canada have expressed interest in joining consultations in a case filed by Japan in the WTO's dispute settlement body against India's import duties on certain information and communication technology products, including mobile phones. According to a communication of the World Trade Organisation (WTO), both countries have stated that they have a substantial trade interest in information and communication technology (ICT) goods.
The company recorded a strong 57 per cent YoY growth in net profit at Rs 1,176 crore in March quarter, while net interest income, or NII, grew 50 per cent at Rs 3,394 crore on YoY basis.
The Ministry of New and Renewable Energy today held a brainstorming session for all stakeholders in the renewable energy industry. Major challenges faced by the industry were deliberated upon at the day long meet.