Shares of Anil Ambani-led Reliance Infrastructure is in focus after shareholders overwhelmingly approved the company’s plan to raise Rs 6,000 crore through a Preferential Issue and Qualified Institutional Placement (QIP). The resolutions received over 98% of votes in favour during a postal ballot, signalling strong support for the move. Reliance Infrastructure’s Preferential Issue Details In
Gold and silver rates today, October 21 The 24-carat gold rate in India was Rs 77,770 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,777. The rate of 22-carat gold was Rs 71,289 per 10 grams. The rate of 24-carat gold has risen by 2.26% in the last
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,891 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday
By V K Sharma Foreign institutional investors (FIIs) continue to sell Indian stocks in their penchant for Chinese stocks, hoping the Communist Party of China (CPC) will take more concrete steps to address the long pending structural issues in China. Till Friday, October 18, the FIIs have sold stocks valued at around Rs 80,220 cr
The National Stock Exchange of India (NSE) has increased the lot sizes for its five index derivatives contracts–Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50, in accordance with the Securities and Exchange Board of India’s (Sebi’s) latest futures and options (F&O) regulations. The lot size for Nifty 50 will see a
The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO. There will be a total of four IPOs in
Despite a 4% correction in the market this month, Vetri Subramaniam, chief investment officer, UTI AMC believes this is not a time to take more risk. He tells Vivek Kumar M that earnings estimates for FY25 could go awry if the September quarter numbers continue to be below expectations. Excerpts: Markets have corrected by around
The much-anticipated initial public offering (IPO) of Waaree Energies Limited is set to open for subscription on 21st October 2024 and will remain available until 23rd October 2024. Investors can subscribe to the shares of the company within this three-day window, with the IPO price band set between Rs 1,427 and Rs 1,503 per equity
The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property. Understanding your insurance options can make all the difference with the potential for environmental factors like drought and high winds
With equity benchmarks Sensex and Nifty plunging more than 10% from their peaks in September last year, it’s natural for mutual fund investors — especially those investing through the SIP (Systematic Investment Plan) route — to question whether they should continue their investments. Market volatility often creates anxiety among SIP investors, even when they are
Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday announced its fiscal third quarter earnings with standalone profit at Rs 2.48 crore, posting a decline of 8.15 per cent on-year in comparison to Rs 2.70 crore recorded during the third quarter of FY24. It posted revenue from operations at Rs 12.36 crore, down 17.27 per cent as
L&T Technology Services Ltd on Wednesday announced its fiscal third quarter earnings with profit at Rs 322.40 crore, recording a drop of 4.10 per cent in comparison to Rs 336.20 crore posted during the third quarter of FY24, missing estimates. It posted revenue from operations at Rs 2653.00 crore, up 9.55 per cent as against
Stallion India IPO is all set to offer its shares to investors. The company will start the bidding process on January 16 and end it on January 20. Here’s all you need to know about the issue before it opens: Stallion India IPO size The company aims to raise almost Rs 200 crore from the
