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
KRN Heat Exchanger The company listed on October 03 made a stellar Dalal Street debut. The stock was listed at Rs 480 on NSE, a premium of 118% over the issue price of Rs 220 per equity share. The IPO was one of the most searched on Google, according to Google Trends data. Also, the
Go to Live UpdatesHyundai Motor IPO India Subscription Status Today Live Updates: The Hyundai Motor IPO will be listing on the bourses on October 22. The company’s shares were attracting a premium of almost 4% in the unofficial market against a discount a few days ago. The issue was subscribed 2.37 times overall by the
The BJP unveiled its first list of 66 candidates for the upcoming Jharkhand assembly elections on Saturday. The party has fielded its state president, Babulal Marandi, from Dhanwar, and former Chief Minister Champai Soren from Saraikela. Among the notable names is Sita Soren, the sister-in-law of Chief Minister Hemant Soren and JMM leader, who has
The Oberoi Group on Monday announced two new resorts in Rishikesh — an 80-key luxury resort with ‘vilas’ branding, and a 120-key five-star hotel with Trident branding. Both hotels will be managed by EIH, the Oberoi Group’s flagship company. Located on a 60-acre site with the Ganges on three sides, near Rishikesh, the vilas will
Domino’s and Swiggy’s quick food delivery arm Bolt announced a partnership on Monday, saying that the brand’s pizzas would now be available in 10 minutes. This makes Domino’s the first pizza brand in the country to promise such a rapid delivery. In a statement, Swiggy said, “With this partnership, Domino’s menu items will be available
Ennoconn Corp, a Taiwan-based Industrial IoT and hardware manufacturer and a Foxconn subsidiary, has started its India operations, focussing on the country’s industrial automation and digital transformation market. “Ennoconn has already registered a company in Tamil Nadu with plans to bring their products to the Indian market,” a source aware of the development told FE.
Coffee Day Enterprises (CDEL), which owns the Cafe Coffee Day (CCD) chain, has cut its store count by 3% in the December quarter (Q3FY25) versus last year, as it seeks to manage its debt obligations, its latest financial statements show. At its peak in FY19, CCD operated 1,752 stores. It now has 439 stores (Q3)
Equity inflows through the foreign direct investment (FDI) route declined 6% year-on-year to $10.8 billion in the October-December quarter, as global uncertainties persisted. The data show that the recent years’ declining trend in FDI inflows and the rising levels of repatriation and disinvestment haven’t been arrested yet. ALSO READGovernment unlikely to intervene in market decline
