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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Shares of Videocon were last trading at Rs 174.75, down Rs 2.25, or 1.27%
The issue has so far garnered Rs 835 cr against total size of Rs 1,050 cr
Signs US-based Jack Trout for rebranding, repositioning
Company intends to sell between 2 and 31 million shares
Prices spike following 600-point up move in the index
TCS, HCL and Wipro open with losses
Shift in investor sentiment could increase funding costs
Wants a single resolution to be put before shareholders for two-leg deal
IIFL is planning to raise Rs 1,050 crore through public issue of non-convertible debentures (NCDs)
The board will meet tomorrow to consider delisting of equity shares of the company from stock exchanges.
Investors attracted to better post-tax yields, superior credit quality, say observers
REC closed its Rs 3,500 cr tax-free issue which was offering post-tax yields of upto 8.71%
Hudco issue to open on Sep 17
Since new consent framework was announced by Sebi in May last year
The Rs 3,500 crore offering has so far mopped up Rs 3,350 crore led by good subscription from retail investors
The core issue size will be Rs 750 crore
Allows net settlement, reduces minimum lot size
This, after shareholding of FII investors fell below prescribed limits
Says rights issue has been oversubscribed
Latest RBI move allows this through stock exchanges, amid flattened valuations and cheaper rupee, without open offer trigger