The Securities and Exchange Board of India (Sebi) on Friday proposed reviewing the framework for algorithm trading to facilitate participation of retail investors with proper checks and balances. “The evolving nature of algo trading, particularly with the increasing demand for algo trading by retail investors, has necessitated a further review and refinement of the regulatory
Indices saw a sharp ‘V’ shaped recovery on Friday, after being down by almost 1.5% in the first hour of trade. Both the Sensex and Nifty recouped initial losses quickly and closed the day higher by over 1%. The Sensex initially fell by 1,207 points to 80,082.82 in the morning, in line with other Asian
As the year draws to a close, the primary market is gearing up for an action-packed week. Next week, the primary market is set to be in an active mode as 13 initial public offerings (IPOs) are scheduled to open between December 16 and December 20. Apart from this, the week will also witness a
NACDAC Infrastructure is set to hit with its Initial Public Offering (IPO) on December 17 and will conclude on December 19. NACDAC Infrastructure’s BSE SME IPO is entirely a fresh issue of 28.6 lakh shares with an aim to raise Rs 10.01 crore through this offering. Here is a detailed look at what this IPO
Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers were under pressure in Friday’s trading session, after report about delays in India’s ambitious $6 billion submarine project. This development, as reported by Bloomberg, has marked a noticeable impact on defence stocks.Mazagon Dock Shipbuilders saw its share price decline by 2.07 per cent to Rs
Mumbai-headquartered Eleganz Interiors, is one of the leading providers of interior fit-out solutions in India and is on the way to launch its Initial Public Offering (IPO) on NSE Emerge. The company has filed its Draft Red Herring Prospectus (DRHP) and is thriving into the market with an IPO which will include a fresh issue
As the IPO market heats up this December, two mainboard IPOs tare capturing investor interest – Vishal Mega Mart and Inventurus Knowledge Solutions (IKS Health). Both the companies come from different sectors but offer unique opportunities for investors. Let’s take a closer look at the details, subscription trends, GMP for each offering and which one
It’s a rather worrying Friday for D-Street after some days of consolidation. The Indian equity markets fell on Friday during the early trading hours. The Nifty 50 slipped 1.4% to 24,180.80, breaching the key level of 24,200, from the day’s high of 24,520.80. While, the 30-stock Sensex fell 1,141.26 points or 1.4% from the day’s
“There’s a great unease to doing business in India. Companies face so much red tape they’re uncompetitive from the start,” claims a Bloomberg Opinion piece. As per the report, “a little over three years ago, the World Bank scrapped its annual ‘Doing Business’ report amid allegations that its top management had applied pressure on staff
IT major Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year. Though sequentially there is a drop in Q3 profit from Rs 1257.50 crore recorded in Q2FY25, one of the big contributors to the profit growth on
The IT company of the Mahindra Group Tech Mahindra’s attrition rate rises to 11.2% in Q3 FY25, up 90 basis points year-on-year. The company’s headcount was 150,488 in Q3 FY25 Vs 146,250 in Q3 FY24, up 4,238 on year. In the previous quarter of FY25, the headcount was 154,273. The utilisation rate stands at 85.6%
Wipro’s attrition rate rises higher to 15.3% for Q3 Vs 14.2% in the same quarter last fiscal. The company’s total headcount is down by 1,157 employees QoQ and stood at 232,732 in Q3 FY25 compared to 233,889 in Q2 FY25. The total employee count was 239,655 in Q3 FY24. The net utilisation, which excludes trainees
The Indian equity market ended the session on a negative note today, with BSE Sensex closed at 76,619.33, down by 0.55%, while the NSE Nifty 50 settled at 23,203.20, marking a loss of 0.47%. The Rupee, meanwhile, ended the day at 86.61 against the US dollar, gaining 0.06%. The Nifty Bank ended today’s trading session
