KEI Industries has successfully raised Rs 2,000 crore through a Qualified Institutional Placement (QIP) of equity shares, the company announced on Thursday. The QIP, which opened on November 25 and closed on November 28, saw the issuance of 52.6 lakh equity shares at Rs 3,800 per share, reflecting a 2.1% discount to the floor price
After a brief respite, foreign investors resumed selling on Thursday, offloading domestic equities worth a staggering Rs 11,756 crore. This marked an abrupt end to three consecutive days of buying and sparked chaos on Dalal Street. FIIs reverse 3-day buying streak Foreign institutional investors (FIIs) had recently broken a 38-session selloff streak by purchasing Rs
Gold and silver bullion prices haven’t changed compared to November 28 as it finds fresh support from fresh geopolitical tensions in Ukraine and Russia. “Gold prices exhibited significant volatility, starting on a weaker note but quickly finding support amid renewed geopolitical tensions between Russia and Ukraine, which continue to bolster safe-haven buying. Immediate support is
Go to Live UpdatesOil And Natural Gas Corporation Share Price Today Live Updates, 29 Nov, 2024: The Oil And Natural Gas Corporation share is in news and the counter closed trade on 28 Nov, 2024 at Rs 252.1. The shares touched intraday high of Rs 257.4 in the last trading session while the intraday low
Go to Live UpdatesReliance Industries Share Price Today Live Updates, 29 Nov, 2024: The Reliance Industries share is in news and the counter closed trade on 28 Nov, 2024 at Rs 1271.35. The shares touched intraday high of Rs 1296.80 in the last trading session while the intraday low was at Rs 1269.25. The company’s
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Friday as Asian markets traded on a lower note in early trade hours. Previously, on Thursday, the NSE Nifty 50 closed 360 points or 1.49% lower to settle at 23,914, while the BSE Sensex rose 1,190
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Friday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded muted as the index was trading 4.5 points or 0.02% higher at 24,115 indicating a negative start for
A host of companies are aggressively hedging in the interest rate derivatives market to help shield themselves against volatility in interest rates. The companies, which are locking in current rates in the overnight indexed swap (OIS) market, include Reliance Industries, Adani Enterprises, National Bank for Financing Infrastructure and Development (NaBFID), Power Finance Corporation (PFC) and
Department store chain Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability. In an earnings’ call on Wednesday, which came a day after it reported a 41% rise in Q3FY25 net profit and 11% rise in
Infosys, in partnership with Tennis Australia, has unveiled new AI-driven innovations and platforms for the 2025 Australian Open (AO), marking a continuation of their seven-year collaboration. These advancements aim to enhance fan experiences and provide support to players and coaches through cutting-edge AI technology. Also ReadSwiggy, Zomato may scale back discounts The innovations are powered
Publicis Groupe has said it was merging group agencies Publicis Worldwide and Leo Burnett to form one unified entity, Leo. “Leo is designed to deliver solutions for the world today, by uniting Leo Burnett, the brand of Humankind, and Publicis Worldwide, the network that stands for transformation,” the group said in a prepared statement. It
Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board had approved raising $500 million (Rs 4,300 crore) through a preferential issue and qualified institutional placement (QIP) of equity shares. The fundraising comes ahead of a proposed vertical demerger of ABFRL by the end of this financial year (FY25). Also ReadHere are 4 things
HDFC Life Insurance on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore. On a sequential basis, the net profit of the private life insurer was down from ₹432.99 crore in the July-September quarter. Shares of HDFC Life closed 1% lower at ₹593.70 on the NSE
