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
Adani Energy Solutions (AESL), part of Adani Group, on Friday said it has won a power transmission project in Gujarat. AESL won the project under the tariff-based competitive bidding (TBCB) mechanism and PFC Consulting was the bid process coordinator. The project SPV was formally transferred to AESL on March 20, 2025. This is AESL’s sixth
After multiple quarters of weak sales, quick-service restaurants (QSRs) may see a turnaround in FY26, led by an urban recovery, sector experts and top executives said. The fiscal stimulus measures announced in the recent Budget, focus on value meals and a strategy of not taking price hikes are likely to be contributors to growth in
Engineering and construction major Larsen & Toubro on Friday said it has elevated Subramanian Sarma as deputy managing director and president. He is wholetime director and president, energy now. The company said the elevation will come into effect from April 2, 2025. The board has also decided to extend his term to February 3, 2028
The Indian benchmark indices outperformed their global peers on Friday, recording gains even as most equity markets worldwide traded lower. The Sensex climbed 557.45 points or 0.73% to close at 76,905.51, while the Nifty rose 159.75 points or 0.69%, ending the day at 23,350.40. Both indices recorded gains for the fifth consecutive session. ALSO READFabulous
SEBI whole time member Ananth Narayan on Friday said unregistered investment advisors/research analysts are a “menace” who are cashing in on the rising interest in investments. Since October 2024, SEBI has worked with social media companies to bring down over 70,000 misleading handles/posts, Narayan said at an event organised by the Association of Registered Investment
