Page 2162 - Markets News
Lakshmi Vilas Bank slips 5% amid concerns over Clix Capital deal
The RBI is learnt to have told state-owned Punjab National Bank to get ready to take over LVB in case the beleaguered lender's proposed transaction with Clix Capital does not materialise.
 "Lakshmi Vilas Bank slips 5% amid concerns over Clix Capital deal")
KPIT Tech rallies 30% in 2 weeks, hits record high as promoters hike stake
As per the management's initial assessment, there will be significant impact in H1 of FY2021 while recovery is expected to commence from Q3FY21
 "KPIT Tech rallies 30% in 2 weeks, hits record high as promoters hike stake")
VA Tech Wabag soars 7% on allotment of 5 mn shares to Rekha Jhunjhunwala
The board also allotted 1.5 million shares to Basera Home Finance, and 1 million shares to Sushma Anand Jain and Anand Jaikumar Jain on preferential basis
 "VA Tech Wabag soars 7% on allotment of 5 mn shares to Rekha Jhunjhunwala")
Welspun Corp hits 5% upper circuit on receiving orders worth Rs 1,400 crore
With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, the company said.
 "Welspun Corp hits 5% upper circuit on receiving orders worth Rs 1,400 crore")
RIL gains 1% as General Atlantic to invest Rs 3,675 cr in Reliance Retail
General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
 "RIL gains 1% as General Atlantic to invest Rs 3,675 cr in Reliance Retail")
Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts
Firm raises Rs 3,520 cr despite firm being cash surplus; It cannot use the proceeds directly for parent company
 "Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts")
Stocks to watch: RIL, LVB, Indiabulls Housing Finance, PVR Ltd, IT stocks
Here's a list of stocks that may trade actively in today's session.
 "Stocks to watch: RIL, LVB, Indiabulls Housing Finance, PVR Ltd, IT stocks")
Market Ahead, September 30: Top factors that could guide markets today
Reliance Industries might again be in focus after media reports said that Abu Dhabi state fund Mubadala Investment is in advanced talks to invest up to $1 billion in the company's retail division
 "Market Ahead, September 30: Top factors that could guide markets today")
Chemcon Speciality Chemicals, CAMS IPO: Check allotment status here
CAMS's IPO, the biggest in FY21 so far and worth Rs 2,242 crore, was subscribed 47 times while Chemcon IPO was subscribed 149 times
 "Chemcon Speciality Chemicals, CAMS IPO: Check allotment status here")
Sebi extends special dispensations given to firms wanting to go public
The regulator has said the validity of Sebi observations for initial public offerings (IPOs) expiring between October 1, 2020 and March 31,2021 will be extended till March 31, 2021
 "Sebi extends special dispensations given to firms wanting to go public")
Explained: The story behind the Apple versus Fortnite App Store battle
The court case involving Apple and Epic Games, the maker of the video game Fortnite, is the result of the gamemaker's rebellion against rules and fees set by Apple
 "Explained: The story behind the Apple versus Fortnite App Store battle")
How Lakshmi Vilas Bank eroded its wealth amid controversy and losses
How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?
Singapore topples Mauritius in FPI race aided by growth in equity assets
String of regulatory setbacks have hurt Mauritius in the past two years
 "Singapore topples Mauritius in FPI race aided by growth in equity assets")
Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India
Sebi and RBI had conducted a joint inspection, where they found lapses
Hero MotoCorp gains market share; higher sales in weaker segments is key
The gains for India's largest two-wheeler makers are largely expected to come from the rural market due to a shift to personal mobility and higher sales of entry-level bikes
 "Hero MotoCorp gains market share; higher sales in weaker segments is key")
Vedanta delisting fate to be known next week, price likely at Rs 160-170
The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting
 "Vedanta delisting fate to be known next week, price likely at Rs 160-170")
Kajaria Ceramics stock: Investors should wait for a better entry point
Volume growth, lower costs and stable pricing are the positives
 "Kajaria Ceramics stock: Investors should wait for a better entry point")
Sebi eases delisting for listed subsidiaries, grants exemption from RBB
Move will help simplify restructuring process for large groups
 "Sebi eases delisting for listed subsidiaries, grants exemption from RBB")
Mazagon IPO subscribed 1.74 times on Day 1; UTI AMC mops up about 24%
Govt is looking to raise Rs 440 crore by divesting 15.2% stake through Mazagaon IPO
 "Mazagon IPO subscribed 1.74 times on Day 1; UTI AMC mops up about 24%")
Sumitomo Chemical's promoters to offload Rs 450-cr stake through OFS today
The share sale is being done to comply with the 25-per cent minimum public shareholding norms