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Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
In a submission to the Union government, the brokers association said the Sebi Act does not prescribe any period of limitation on initiation of proceedings
Since April 2017, 176 companies have repurchased their shares. Some of them have done multiple buybacks. Of these shares of 111 companies are trading currently below the price
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation (IRFC), and Suryoday Small Finance Bank are among the companies looking to tap the market
The Sensex ended the session at 48,177, following a gain of 308 points or 0.64 per cent. The Nifty, on the other hand, rose 114 points, or 0.8 per cent, to end the session at 14,133
Among strategic sales, the government is already working on plans to divest Bharat Petroleum, Container Corporation, BEML, and Shipping Corporation
The company has a post-listing market capitalisation of Rs 1,152 crore
Four of the five most-subscribed initial public offers are down 12-71% over day-one listing gains
The company will launch its Rs 300-crore IPO again on December 21 in a price band of Rs 313-315 per share
Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription
The portion reserved for employees was subscribed the most (30x); the retail investors' portion was subscribed 16.4x, the wealthy investor portion 8.6x, and the institutional investor portion 4.7x
It's the highest-ever in rupee terms; three-fourths of flows have come since November
The company on Monday had allotted shares worth Rs 162 crore to anchor investors
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
The issue comprises of Rs 40 crore of fresh capital raise and Rs 500 crore of secondary share sale by four existing shareholders
The stock ended at Rs 1,452, down 10.3 per cent. Analysts said the higher than excepted paper supply by the government weighed on sentiment
Benchmark indices gain in 14 out of past 21 sessions
Shares of several companies written off by investors are making a comeback
The Sensex rose 347 points, or 0.77 per cent, to end at 45,427, while the Nifty gained 97 points, or 0.73 per cent, to close at 13,356
The liquidity gush saw the financial pack outperform the markets by a huge margin: The Bank Nifty index jumped 24 per cent, twice the gain made by the Nifty50 index in November
Buying shares of companies that operate in the cold storage space is emerging as a hot theme on Dalal Street