Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products
Experts to advise changes to framework around FPI, takeover code and social stock exchanges
The two categories were subscribed around 7 times each; QIB was nearly half covered
Overall PMS assets have been on the rise amid buoyant markets
Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. In the last week, the 30-share BSE Sensex climbed 630.16 points or 1 per cent. The barometer settled at 62,293.64, its fresh record closing high on Friday. Barring Adani Enterprises, all the 10 most valued firms including Reliance Industries, HDFC Bank, ICICI Bank and Hindustan Unilever Limited witnessed gains in their valuation. The market valuation of TCS jumped Rs 17,215.83 crore to Rs 12,39,997.62 crore. Infosys added Rs 15,946.6 crore taking its valuation to Rs 6,86,211.59 crore. The market valuation of Reliance Industries rallied Rs 13,192.48 crore to Rs 17,70,532.20 crore and that of Hindustan Unilever climbed Rs 12,535.07 crore to Rs 5,95,997.32 crore. ICICI Bank's market capitalisation (mcap) zoomed Rs 6,463.34 crore to Rs 6,48,362.25 crore and that of Bharti Airtel gained Rs 5,451.97 cr
According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23
Market volatility and lacklustre 1-yr returns weigh on activity
Since September 29, the index has added 1,666 points, of which 1,320 points - nearly 80 per cent - have been contributed by 10 stocks
US Fed minutes indicate slower pace of rate hikes, investors cheer
Says India's 'superior' earnings growth appears to be priced in, sees 'modest' contraction in P/E multiples going ahead; stay overweight on banks, insurers, and investment cyclicals
However, the timeline issue for many FPIs remains, as the relaxation still compels them to book forex during non-market hours
Scheme provides a settlement opportunity to entities that have executed trade reversals in stock options from April 2014 to Sept 2015, and against whom adjudication proceedings are pending
The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times
Change effective from Dec 19, but adjustment will take place on Dec 16. After DRL's deletion, Sun Pharma will be the only healthcare stock in the index
Under new framework, in the event of a merger, target company will be deleted from index a day prior to ex-date, weight of acquirer (if part of the same index) will be increased the same day
The National Stock Exchange is likely to introduce trading of electronic gold receipts on its platform and market regulator Sebi is ironing out some taxation issues related to the product with the government, an official said on Thursday. Referring to the Electronic Gold Receipt (EGR), V S Sundaresan, Executive Director at the Securities and Exchange Board of India (Sebi), said, this product has been introduced by Sebi and BSE has launched it about a month back and "we hope that this product will definitely gain traction over a period of time". "Under this product, what is proposed is that the physical gold is to be deposited in a vault, that vault manager will issue an electronic receipt and this will be credited to the demat account of the investor, that receipt can be traded on the stock exchange," he explained. So the gold will remain in a vault but it will generate some sort of income and the unutilised gold can be put to productive use, Sundaresan added. The Bombay Stock ...
Leading stock exchange NSE on Wednesday asked investors not to subscribe to any scheme with assured returns offered by two persons -- Shubhrakanti Nag and Suprakash Debnath. This comes after the National Stock Exchange of India (NSE) noted that Nag and Debnath were operating various proprietary bank accounts in the name of Profit Axis PMS Services, Stox Gurukul, and Tradenext Securities for collecting funds from investors through a guaranteed return scheme. The exchange pointed out that these entities are not registered either as a member or as an authorised person of any registered member of the exchange. However, they are found to be associated with a registered trading member Tradenext Securities Ltd and its directors Shubhrakanti Nag and Suchana Das Nag. In a statement, NSE has cautioned investors not to subscribe to any scheme/ product offered by these or any entities or individuals offering assured or guaranteed returns in the stock market as the same is prohibited by ...
A strengthening rupee, encouraging domestic inflation data and unabated foreign capital inflows further bolstered sentiment, traders said
The Delhi High Court on Tuesday reserved its verdict on the bail plea by Chitra Ramkrishna in the money laundering case related to alleged illegal phone tapping and snooping on National Stock Exchange (NSE) employees. The former NSE managing director objected to the Enforcement Directorate's claim that she was the mastermind behind the conspiracy and highlighted that she has spent four months in custody. Arguments heard. Judgement reserved, said Justice Jasmeet Singh after hearing rejoinder submissions by the senior counsel for Ramkrishna. Senior advocate Rebecca John, appearing for Ramkrishna, argued that the ED's claim that she was the mastermind can be discredited and disproved on the basis of the material on record. To say that I processed (the tapping) and I was the mastermind is being economical with the truth and contrary to the documents that they (ED) have themselves filed on record, she argued. The senior lawyer said that the court would consider the facts and circumstan
With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent