Page 862 - Markets News
Promoter dilution in small, midcaps surges to levels last seen in FY07
Similar levels were last seen in FY07
 "Promoter dilution in small, midcaps surges to levels last seen in FY07")
Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore
According to the block deal data available on the BSE, Gulf Oil International Mauritius Inc. offloaded 19,50,000 shares, amounting to a 3.96 per cent stake in Gulf Oil Lubricants India
 "Gulf Oil Lubricants India promoter sells 4% stake for over Rs 263 crore")
Sebi amends rules, introduces fixed price process for voluntary delisting
The regulator has also introduced new norms to facilitate the delisting of investment holding companies (holdcos)
 "Sebi amends rules, introduces fixed price process for voluntary delisting")
Accenture unveils $4 bn share buyback as AI powers strong quarterly revenue
The Dublin-based company reported fourth-quarter revenue of $16.41 billion, compared with analysts expectations of $16.38 billion, according to LSEG data
 "Accenture unveils $4 bn share buyback as AI powers strong quarterly revenue")
Sebi issues guidelines for FVCIs outlining compliance, registration
Also, the Securities and Exchange Board of India has issued operational guidelines for Designated Depository Participants (DDPs)
 "Sebi issues guidelines for FVCIs outlining compliance, registration")
Sebi cuts listing time to T+3 working days for debt securities issue
Further, investors will continue to have the choice of availing other methods like applying through Self-Certified Syndicate Banks or the stock exchange platform for making applications
Market Highlights, Sept 26: Record Highs! Sensex up 666pts; Nifty ends atop 26,200; Auto, metal zoom
Stock Market Highlights: Benchmark equity indices, the BSE Sensex and NSE Nifty50, scaled fresh highs before ending at new closing high levels on Thursday
 "Market Highlights, Sept 26: Record Highs! Sensex up 666pts; Nifty ends atop 26,200; Auto, metal zoom")
Vedanta shareholders to rejoice: Company lines up for 4th dividend for FY25
The uptick in Vedanta's stock was fueled by the company's plan to declare a fourth interim dividend for FY25
 "Vedanta shareholders to rejoice: Company lines up for 4th dividend for FY25")
Mitsubishi Pencil JV boosts Linc shares by 6%: details for investors
The joint venture taps into Mitsubishi's global writing instruments expertise and an annual turnover exceeding $500 million
 "Mitsubishi Pencil JV boosts Linc shares by 6%: details for investors")
Auto index hits record as MSIL surges 5%, M&M, Bajaj Auto hit life highs
Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.
 "Auto index hits record as MSIL surges 5%, M&M, Bajaj Auto hit life highs")
Krsnaa Diagnostics climbs 4% on buying stake in Apulki Healthcare
The northward movement in the company's stock follows the announcement of a strategic investment in Apulki Healthcare (Apulki)
 "Krsnaa Diagnostics climbs 4% on buying stake in Apulki Healthcare")
Stock of this Z group company has zoomed over 3,300% so far in 2024
Marsons' shares hit a new high of Rs 267.55 in intra-day trade today, after having skyrocketed 3,352%, or nearly 35 times, from level of Rs 7.75 on December 29, 2023.
 "Stock of this Z group company has zoomed over 3,300% so far in 2024")
Zen Tech up 4% on launching remote-operated weapon & surveillance systems
The rise in Zen Technologies share price came after the company announced that it has launched remote-controlled weapon and surveillance systems to strengthen India's defence capabilities.
Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks
A combined 2.42 million equity shares, representing 1.73 per cent of the total equity of the company, had changed hands on the NSE and BSE till 11:21 AM.
 "Newgen Software surges 19% on heavy volumes; zooms 42% in two weeks")
Intellect Design's biz unit launches eMACH.ai Retail 6DX; share price up 4%
Intellect Design's share price surged after the company's business unit, Intellect Digital Technology for Commerce (iDTC), launched eMACH.ai Retail 6DX, tailored for the Middle Eastern market.
 "Intellect Design's biz unit launches eMACH.ai Retail 6DX; share price up 4%")
Easy Trip Rebounds: Share gains 7% after hitting 52-wk low in last session
Easy Trip stock rebound followed a major drop of up to 8 per cent the previous day amid multiple block deals. The drop, meanwhile, led to a fresh 52-week low for the stock.
 "Easy Trip Rebounds: Share gains 7% after hitting 52-wk low in last session")
India's private debt market to top $18 bn in 2024 as economy grows: Report
Country is leader in Asia Pacific for private debt, says investment data company
 "India's private debt market to top $18 bn in 2024 as economy grows: Report")
PB Fintech shares down 5% after co plans foray into healthcare space
The fall in PB Fintech share price comes after the company indicated that it may foray into the healthcare space.
 "PB Fintech shares down 5% after co plans foray into healthcare space")
Diffusion Engineers IPO opens today: GMP up 48%; is it worth your money?
The unlisted shares of Diffusion Engineers were trading at a premium of Rs 80, or 48 per cent against the upper end of the IPO price, reflecting positive market sentiments for the public issue
 "Diffusion Engineers IPO opens today: GMP up 48%; is it worth your money?")
Five-star Business Finance Block Deal: 28 mn shares change hands, stk up 4%
The surge in Five-Star Business Finance share price came after 28.1 million (or 2.81 crore) shares changed hands via a block deal.
 "Five-star Business Finance Block Deal: 28 mn shares change hands, stk up 4%")