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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.
In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year
Nine of the 10 most-sold stocks were part of the Nifty50
This is a sharp reversal in fortunes as till mid-February India was among the best-performing markets, with returns in excess of 10 per cent
Tune in to the podcast, to know on the subject of separation of the CMD post at listed companies
Rally surprised Street as most were expecting subdued listing due to the fresh turbulence in restaurant sector caused by the lockdown imposed in Maharashtra to contain Covid-19 spread
The charge: Promoter stake in RIL raised by 6.83% in Jan 2000, on conversion of warrants issued in 1994, without making open offer as per SAST rules of 1997
Banks, IT see outflows amid valuation concerns
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
Policy initiatives and economic revival boosted foreign investment, says finance ministry
The Securities and Exchange Board of India (Sebi) has asked Indian companies to work towards separating the roles of chairperson and managing director (MD)
Late last month, global banks, including Goldman Sachs, Morgan Stanley, Nomura, and Credit Suisse, were forced to sell more than $20 billion worth of shares through a series of block deals
The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.
The first quarter of 2021 was strong for ECM activity with 46 deals worth Rs 56,300 crore, an increase of nearly 50% over the same period of 2020
With the markets turning range-bound, investors are looking for bottom-up investment opportunities
On average, listing-day gains stood at 34%, the highest in over five years
Global index provider will soon decide on 'extreme price increase' criteria
The rebound, both in FY10 and FY21, followed a painful period for the market and has been underpinned by aggressive stimulus measures by global central banks
The regulation further provides that the floor price will be determined in terms of the Takeover Regulations
Investors bid for nearly 30 million shares as against only 5 million on the offer
All three offer for sale (OFS) were launched by promoters to comply with the 25 per cent minimum public shareholding norms