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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.
27 sessions in H1CY20 saw over 3% swing
Supportive action taken by global central banks boosted investors' appetite for risk even as coronavirus infections continued to climb at a steady pace.
Issue size Rs 995 crore, closes July 22, ex-date July 1; shareholders can get nine shares for every 77 held
As per earlier timeline, Chokshi & Chokshi was to complete by first week of July but given the tedious nature of the probe, it will be allowed to submit its finding by end July or first week of August
ONGC, Tata Steel, and Zee Entertainment were some of the Nifty50 firms which were yet to disclose their numbers until Friday
10,500-10,700 may act as a strong resistance going forward, considering that foreign investors may book profits at higher levels
The new pricing formula for allotment of shares under the preferential issue will be higher of the average 12-week price or 2-week price.
Stock hits upper limit after regulatory filing shows promoter holding in the company had breached the 25% threshold following an open market purchase by chairman and CEO Nirmal Jain
Nearly 85 per cent of institutional public shareholders and 75 per cent of non-institutional shareholders voted in favour of the proposal.
The regulator has directed stock exchanges to introduce tighter rules to bring down the so-called order-to-trade ratio
Voting advisory firm Institutional Investor Advisory Services surveyed 'sell-side' analysts to get a sense of their views on various governance practices in the current environment
Investors paid as much as Rs 212 to trade their 'rights entitlement' for an attractive price
During the start of the year, private banks alone accounted for a fourth of the index weight
First issue since introduction of trading platform that allows eligible shareholders to sell their entitlement
The Ministry of Corporate Affairs (MCA) had clarified earlier this month that it would be allowing the meetings to be conducted online because of Covid-19
The performance of banking stocks is likely to weigh on the markets
Stung by the comments made by the global chief, market regulator on Thursday issued a press release defending the new rules it introduced in October last year
More than 133 million shares of HUL were sold in the Rs 1,900-1,950 range, via multiple large transactions in morning trade
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
Rights issue is a mechanism available for listed firms to raise money by offering existing shareholders new equity shares