Page 381 - Markets

Stocks to Watch today, Aug 28: RIL, Jio Fin, BEL, Adani group, Gland Pharma

Stocks to Watch on Monday, August 28, 2023: The 46th Annual General Meeting (AGM) of Reliance Industries will take place at 2 PM today where Chairman Mukesh Ambani will address the shareholders

TMS Ep507: Brics expansion, disaster-prone Shimla, market direction & more

How will the Brics expansion affect India? Is Shimla the next Joshimath? What factors will guide markets this week? What is Brics? All answers here

Skin in the game: MFs have bet over Rs 80,000 cr on their own schemes

Most of the money goes to debt schemes, but equity allocations are rising

Shoppers Stop sinks 8% as Venugopal Nair tenders resignation as MD & CEO

The Board has approved the appointment of Kavindra Mishra as executive director & CEO of the company for a period of three years

Swiggy restarts IPO plans, aims for July-Sept 2024 stock market listing

Swiggy in May said its core food delivery business had turned profitable, nine years after starting operations, even as its newer grocery delivery service, Instamart, continues to make losses

Ant Group sells 3.6% stake in Paytm for Rs 2,037 cr via open market

A subsidiary of Chinese fintech giant Ant Group on Friday sold a 3.6 per cent stake in Paytm for Rs 2,037 crore through open market transactions. The shares of Paytm's parent One97 Communications was sold by Antfin (Netherlands) Holding BV. Motilal Oswal Mutual Fund (MF), Nippon India MF, ICICI Prudential Life Insurance, Citigroup Global Markets Mauritius, Goldman Sachs (Singapore) Pte, Bay Pond Partners LP, Royal Bank of Scotland, Societe Generale, Abu Dhabi Investment Authority and International Bank for Reconstruction and Development, among others, were the buyers of the shares of Paytm. Antfin offloaded a total of 2,27,54,823 shares in 14 tranches, amounting to a 3.58 per cent stake in One97 Communications, according to the block deal data available with the BSE. The shares were sold at an average price of Rs 895.2 apiece, taking the combined transaction value to Rs 2,037 crore. Post the transactions, Antfin shareholding has declined to 20.21 per cent from 23.79 per cent stake

Jio Financial share exclusion from Sensex, indices postponed to Aug 31

Before opening of trading on September 1, the JFSL stock will be removed from all S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500, among others

VST Tillers soars 14% on pact with US firm to develop electric power tiller

The company has entered into a Master Service agreement with US-based Solectrac Inc. to jointly develop electric power tiller and other agricultural machineries

Syrma hits new high on 1-yr lock-in expiry; more than doubles since listing

The stock, which listed a year ago on August 26, 2022, has surged nearly 2.5 times (143 per cent) from its issue price of Rs 220. On its debut day, the stock had closed with a 41 per cent gain

Ashish Kacholia buys 1 mn shares of this auto company; stk up 43% in 2 days

Ace investor Ashish Rameshchandra Kacholia bought 1.03 million shares os Universal Autofoundry on Thursday

Escorts Kubota hits new high, surges 8% in 2 days in weak market

With the rapid pace of urbanisation and modernisation in India, the future seems bright for Railway Equipment business Division as Indian Railway network is growing at a healthy rate

EIH hits 52-week high as promoter Oberoi Group partners Reliance Industries

Reliance Industries and The Oberoi Hotels and Resorts will jointly manage three properties across India and the UK

Vodafone Idea rises 6% in weak market; stock surges 12% in 5 days

According to reports, the debt-ridden telecom operator plans to clear about Rs 2,400 crore of dues to the government by September

Employee costs to haunt Indian IT even as biz prospects improve: Analysts

Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22

Sebi initiates 3rd tranche of distribution of disgorged amount in IPO cases

Capital markets regulator Sebi on Thursday said it has initiated the third tranche of distribution of nearly Rs 15 crore to 2.58 lakh investors from the disgorged amount in the matter of IPO irregularities observed during 2003-2005. The regulator has already distributed Rs 23.28 crore in April 2010 and Rs 18.06 crore in December 2015, according to a release. The capital markets watchdog has been distributing funds among eligible investors from the money collected by it through disgorgement orders in cases of irregularities in the Initial Public Offerings (IPO). The regulator had investigated certain irregularities in the shares issued through 21 IPOs during the period 2003-2005 before their listing on the stock exchanges. Following the completion of the investigations, the Securities and Exchange Board of India (Sebi) directed certain persons to disgorge the illegal gains. Under the chairmanship of former Judge of the Supreme Court of India D P Wadhwa, a committee was set up which

PGIM India MF's ex-CEO Iyer settles inter-scheme transfers case with Sebi

Rajesh Iyer, former CEO of PGIM India Mutual Fund, on Thursday settled with Sebi a case related to flouting of mutual fund rules in executing inter-scheme transfers after paying Rs 16.57 lakh towards the settlement amount. The order came after Iyer filed an application with the Securities and Exchange Board of India (Sebi) in June to settle the alleged violations under the settlement rules. "The instant proceedings initiated against the applicant vide Show Cause Notice dated April 13, 2022, are disposed of," Sebi said in its settlement order. The regulator had initiated adjudication proceedings against Iyer and issued a show cause notice to him in April 2022 after finding a violation of mutual fund rules. Sebi carried out a thematic inspection on Inter-Scheme Transfers (ISTs) of downgraded debt securities of PGIM India Mutual Fund for the period of August 2018 to February 2019. In its inspection, Sebi observed that Iyer was the Chief Executive Officer (CEO) of PGIM Mutual fund dur

Sebi imposes Rs 20 lakh fine on SIMR for flouting regulatory norms

Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, for alleged violations. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to the same client and also sold products for overlapping periods. This was done to defraud clients and earn maximum fees, the order said, adding that the noticee did not act honestly, fairly, and diligently in the best interests of its clients, thereby violating the code of conduct of Investment Advisers (IA) regulations. Further, Sebi observed that SIMR induced its clients to trade in the market, contravening the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) rules. "I not

Stock of this real estate company has zoomed over 100% in one month

Shares of DB Realty surged 6% to hit an over 10-year high of Rs 156.90 on the BSE on Thursday

Paytm hits 52-week high as Bernstein initiates coverage; pares gains later

Brokerage firm Bernstein has initiated coverage on the stock with an 'Outperform' rating and a target price of Rs 1,100

Tata Power gains 3%, hits 52-week high on improved financial performance

In the past four days, the stock has surged 10% after Tata Power Renewable Energy signed a Power Purchase Agreement for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand