Page 8 - Equity

Bank of India looks to cut govt stake with follow-on equity offer in FY23

It is keen on bringing the holding down to 75%, which Sebi has been advising, the bank's MD and CEO Atanu Kumar Das said

Bulls take Sensex past 55,000, index rallies 600 pts as heavyweights gain

The latest positive global sentiment has helped the markets shrug off the underwhelming June quarter results, earnings downgrades, and the possibility of further downgrades

Thrasio-like startup GlobalBees raises $150 mn to create a house of brands

This is the largest Series A round by a Thrasio-style startup in the country. With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed and others join the GlobalBees board

FPIs turn cautious, pull out Rs 4,515 cr from Indian equities in July

Foreign Portfolio Investors (FPI) who have turned cautious again, have so far withdrawn net investments worth Rs 4,515 crore in July.

Sebi committee proposes higher sweat equity for new economy firms

Group recommends inclusion of permissible reasons for issuance along with cap on quantum to be issued in sweat equity regulations

Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16

At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr

What's in store for PMC depositors

They will probably get their money back through staggered payments, and part of it can be converted into equity.

It's time to trade carefully as equity markets hit lifetime highs

With the markets trading at above fair valuations, investors should eschew risky bets

Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag

The company's much-awaited IPO is expected to come by November this year

India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296

Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday

Covid-led record defaults cloud India's resilient equities, bonds

Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support

Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons

Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 2.08 billion

What about the Bank Investment Company in Sitharaman's Budget 2021?

Between 2015-16 and 2019-20, the Centre had pumped in Rs 3.56 trillion into these banks through both direct subscription of equity shares and recapitalisation-bonds

Infosys, TCS join global initiative by WEF to end racism at workplace

The founding members include 48 organisations representing 13 industries, with more than 5.5 million employees worldwide and headquarters in three continents

NPCI diversifies its ownership with share allotment to 19 new entities

Completes private placement of 4.63 per cent equity shares worth Rs 82 cr; number of shareholders rises to 67

We have begun to reallocate to emerging markets: Alex Tedder on tech stocks

Alex Tedder is CIO, Head of Global & Thematic Equities at Schroders Investment Management

MFI collections in July spurt to 70-75% of pre-Covid level: Crisil

April was worst, with near zero collection

Equity seems to be losing its charm as long-term returns disappoint

Gold, fixed income do well; Nifty50 stocks do not compensate for extra risk

Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds

The board also gave its approval to additional fundraising of Rs 1,000 crore through Basel-III-compliant tier-I and -II bonds or other such securities at an appropriate time, it added

Black Monday for commodities across the board as crude sheds 31%

Brokers facing margin calls, started selling all commodities to pay for losses