The development comes amid speculations that he is one of the top contenders for the post of Sebi chief.
These funds may be raised in one or more tranches, the company said
Majesco US has decided to sell its company to a private equity, Thoma Bravo, LP at $13.1/share, valuing the company at $594 million. This offer price is at a 77% premium to Majesco US' last close
The market recovery is surely sharp and gives the feeling of euphoria. but one should not forget that on the other side of the Covid crisis lies a great future, says Carnelian Asset Management founder
A bearish divergence on RSI indicates that price is holding the momentum upward.
Individually, ACC rallied 6%, Ambuja Cements & JK Cement surged 5% each, while Ramco Cements, Shree Cement, India Cements, Heidelberg Cement India & UltraTech Cement were up in the range of 2% to 4%
The stock has rallied 6% to Rs 794.50 on the BSE, and is trading at the highest level since its listing on March 16, 2020.
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
Here's a list of stocks that may remain in focus today
The Indian markets may open on a positive note today as indicated by the SGX Nifty which was trading around 11,118.50 levels, up 108 points at 7:45 AM
For the period under review, the stock price of Bajaj Auto leaped 39.5 per cent, as against 18.4 per cent rise in the Sensex. In comparison, the S&P BSE Auto index surged 42 per cent.
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further
They said the procedure should be amended to make it more participative for those affected, and rules for restitution should be made simpler
Cost efficiency gives Avenue Supermarts an edge, but valuation is expensive
The IPO will see sale of 1.22 crore equity shares through offer-for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust
The start-up plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering
Notably, 97-98 per cent of the customers under moratorium have no overdue and have received their salary, indicating no major concern
The stock has already corrected by almost half in the last one year (a third since January highs). But, as the outlook remains weak, it could continue to lag
The regulator has asked brokers to collect upfront so-called value at risk (VaR) margin and extreme loss margin (ELM) even for trading in the equity cash segment.
Tribunal asks NSE and Edelweiss to submit replies on Rs 1.8 cr penalty slapped by the exchange on the broker; in DHFL case, Sebi told to halt recovery proceedings against the firm