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 answer to the ‘rent or buy’ question keeps changing as the Indian housing market evolves. Latest ANAROCK data finds that capital values in key micro markets of the top 7 cities have grown by a significant 128% between 2021-end and 2024-end, while rental values in many micro markets have appreciated less than the overall
Mutual fund investors have seen massive erosion in their portfolio valuations over the last 6 months amid one of the longest corrections in the Indian equity market. So amidst all this, if you are thinking of investing, it is very important to focus on mid- to long-term returns also while choosing a fund because short-term
Warren Buffett’s Berkshire Hathaway raised its holdings in five Japanese trading houses, regulatory filings showed on Monday, in the U.S. conglomerate’s latest investments in Japan’s top commodity firms that began nearly five years ago. Berkshire’s stake in Mitsui & Co rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp, Sumitomo Corp, Itochu and
SpiceJet on Monday (March 17) announced that its founder, Ajay Singh, will inject Rs 294 crore into the airline through a promoter group entity by converting warrants into equity shares. This move will increase the promoter group’s stake in the airline from 29.11 per cent to 33.47 per cent. Singh, who also serves as the
Foodtech major Swiggy on Monday announced that its quick commerce platform Swiggy Instamart has expanded to 100 cities nationwide. In a regulatory filing, the company said that the expansion comes in the backdrop of the growing demand for 10- minute deliveries, particularly in tier 2 and 3 cities. During the previous month, Swiggy Instamart launched
