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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns 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 team of reporters that turns 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.
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
Database will provide information on nearly 1,500 bonds from more than 100 issuers
Sebi in an order had directed the company to buy a greater quantity of shares, 14% instead of 9.5%, in its delisting bid
Second Tata group co in plus-Rs 1 lakh cr league of 15
BGR Energy advanced about 10% to Rs 114.55, while Sah Petro too added almost 10% to trade at Rs 7.63