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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.
Foreign institutional investors seem to be booking profit though, having shed shares worth Rs 435 crore in Dec
Ujjivan SFB stock touched a high of Rs 62.8 and low of Rs 53 on the National Stock Exchange
While investors have made decent returns on most deals, they have lost out heavily on three transactions.
Optimism over the US-China trade deal and benign monetary policy have helped global investor sentiment
The issue will comprise fresh fund raising worth Rs 500 crore, which will be used to augment the capital base to meet future business requirements
Given the huge oversubscription, the IPO is likely to be priced at the upper end of its price band of Rs 193-195 per share
More than a third of stocks in top 500 have witnessed reduced coverage
Median P/E multiple of top 100 companies by market value is nearly 30 times their trailing 12-month earnings
Of the 19 sectoral indices of the BSE, 16 ended with losses, with metal and realty indices declining the most
A rate cut by the US Federal Reserve, progress in trade talks, and the Brexit deal have benefited both developed markets as well as EMs, say analysts
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
Market players said Moody's outlook underscored some of the marco concerns
Further, Tyagi said the regulator was looking into concerns over firms not sharing data with credit rating agencies.
Discount brokers such as Zerodha and 5Paisa.com already have ultra-cost pricing models with zero brokerage and flat fees of as low as Rs 10 for intra-day trades in the cash and derivatives space
The Sensex gained 0.5 per cent, or 184 points, to end at 40,654, while the Nifty added 50 points, or 0.42 per cent, to close at 12,016 - 73 points below its last all-time high
Index rises as much as 340 pts only to give up most gains
The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation
Analysts say a rate in the dividend distribution tax and buyback tax could fuel further buying by FIIs
On September 20, Finance Minister Nirmala Sitharaman announced a reduction in the country's effective corporation tax rate from around 35% to 25%
Market rarely reacts to the release of economic data such as GDP growth or factory output