Page 150 - Share Market

Market regulator Sebi announces new disclosures for select offshore funds

India's market regulator on Thursday notified select offshore funds fulfilling certain conditions of new enhanced disclosure requirements, according to a circular on Sebi website

Quantitative strategists fail to replicate US and China success in India

Low interest, strict regulations and the success of active stock-picking are scuppering the growth of quants in the world's most populous nation

Aeroflex Industries IPO subscribed 97 times; VPRPL subscribed 3.7 times

Backed by famed investor Ashish Kacholia, Aeroflex has priced its issue between Rs 102 and Rs 108 a share

Jio Financial Services set to be listed on stock exchanges on August 21

BSE said the scrip would be in the Trade-for-Trade segment for 10 trading days and will trade from this Monday with the symbol of JIOFIN

Wockhardt shareholders reject resolution on related party transaction

Shareholders of pharma firm Wockhardt Ltd have rejected a resolution on a related party transaction that seeks to allow the company to raise up to Rs 1,600 crore from its promoter group firm Khorakiwala Holdings and Investments Pvt Ltd. At the company's annual general meeting held on August 14, the company had put ten resolutions, including the adoption of audited financial statements and the re-appointment of Murtaza Khorakiwala as Managing Director, for approval by the shareholders, all of which were approved except the related party transaction. All the resolutions mentioned in the notice of the 24th annual general meeting stand passed with the requisite majority except Resolution No 7 (approval of material related party transactions), which was not approved by the members, company secretary Virendra Bhatt said in the consolidated scrutiniser's report. In a regulatory filing, Wockhardt said out of the total valid votes cast, 50.13 per cent was against the ordinary resolution for

Strong dollar drags gold to over 1-month low after mixed US inflation data

Spot gold was down 0.3% at $1,907.40 per ounce by 02:47 p.m. EDT (1847 GMT), after hitting its lowest since July 6. U.S. gold futures settled 0.1% lower at $1,944.00

Entity offloads Ujjivan Financial Services shares for Rs 148 crore

Newquest Asia Investments II on Monday offloaded shares of Ujjivan Financial Services for Rs 148 crore through an open market transaction. According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services. The shares were sold at an average price of Rs 495.19 apiece, taking the aggregate transaction value to Rs 148.56 crore. Meanwhile, Abakkus Emerging Opportunities Fund-1 acquired 11.50 lakh shares and BNP Paribas Arbitrage bought more than 6.79 lakh shares of Ujjivan Financial Services. The shares were bought in the range of Rs 495-495.15 per share, taking the combined transaction value to Rs 90.56 crore. On Monday, shares of Ujjivan Financial Services fell 1.63 per cent to close at Rs 498.95 apiece on the NSE.

Sebi sets reform agenda for FY24; proposes digital assurance, voting norms

Anxiety about governance not in anyone's interest, says Sebi chair in annual report address

Strong Q1, positive outlook drives gains for M&M; shares rally 4.3%

No change in capital allocation policy allays Street's fears of RBL Bank investment

SBI Mutual Fund purchases United Breweries shares for Rs 678 crore

SBI Mutual Fund on Wednesday bought shares of United Breweries Ltd for Rs 678 crore through an open market transaction. According to the block deal data available with the NSE, SBI Mutual Fund acquired 46,28,452 shares of United Breweries Ltd (UBL). The shares were purchased at an average price of Rs 1,465.80 per piece, taking the aggregate transaction size to Rs 678.43 crore. Meanwhile, these shares were offloaded by the State Bank of India (S) at the same price. Shares of UBL rose 1.31 per cent to close at Rs 1,500 apiece on the NSE. As of the June quarter, dutch brewing major Heineken holds a majority stake in United Breweries Ltd.

TVS Motors rises 6% on healthy Q1 results, two-wheeler demand revival

Manufacturer posts highest-ever profit before tax of Rs 610 cr

Oriana Power IPO to open on Aug 1; fixes price band at Rs 115-118 per share

Noida-based solar energy solutions provider Oriana Power on Tuesday said it has set a price band of Rs 115-118 per share for its Initial Public Offering (IPO), which will hit the capital market on August 1. The bidding for anchor investors will open on July 31 and the public issue will conclude on August 3, the company said in a statement. The company's shares will be listed on SME Emerge platform of the National Stock Exchange. The IPO of Oriana Power will comprise 50.55 lakh equity shares with a face value of Rs 10 each.. The firm will use the IPO proceeds to fund its working capital requirements, investment in subsidiary companies, capital expenditure and general corporate purposes. Corporate Capital Ventures is the lead manager of the IPO while Skyline Financial Service is the registrar. The company recently closed its pre-IPO round, with investments from JSW Energy's Prashant Jain, Meru Founder Neeraj Gupta and MSMEx's Amit Kumar, among others.

Tata Motors to cancel 'A' ordinary shares in latest securities rejig

The company will issue seven ordinary shares for every 10 'A' ordinary shares, implying a 23% premium on the previous day's closing level of 'A' ordinary shares, Tata Motors said

Shoppers Stop shares drop 5% as profit tumbles 34% on investments

Total expenses rose 5.8% for Shoppers Stop, which sells products ranging from Vero Moda apparel to Michael Kors watches at its stores

YES Bank shares ends over 3% lower after June quarter earnings of 10%

Yes Bank shares on Monday ended more than 3 per cent lower due to higher provisions numbers which curtailed its net profit growth to 10 per cent in the June quarter. Yes Bank shares declined 3.65 per cent to close at Rs 17.40 apiece on the BSE. A similar movement was also seen on the NSE, where the stock witnessed heavy sell-off pressure at higher levels in the early trade and tanked 3.60 per cent to settle at Rs 17.40 per share. During the day, the stock witnessed a high of Rs 18.45 per piece on the exchange. In volume terms, 27.46 crore equity shares were traded on the NSE, while 4.59 crore shares were traded on the BSE. On Monday, the 30-share BSE Sensex settled 299.48 points or 0.45 per cent lower at 66,384.78 points. SBI-controlled Yes Bank has reported around two-fold rise in provisions for bad loans to Rs 360 crore in the June quarter as a large real estate borrower with Rs 400 crore dues became a dud loan during the quarter. This was because fresh slippages jumped to Rs 1

Domino's Pizza misses revenue estimates as higher prices dent demand

Total revenue fell 3.8% to $1.02 billion in the three months ended June 18, compared with analysts' estimate of $1.07 billion, according to Refinitiv IBES data

AMC stocks surge on buzz of new TER proposals; HDFC AMC goes up 4.5%

However, Sebi announced in June that it was re-evaluating these plans, citing industry-provided data

SpiceJet shares trim most of early gains, settles nearly 1% higher

Shares of SpiceJet on Thursday trimmed most of their early gains and ended nearly 1 per cent higher. During the morning trade, the stock had jumped 7.50 per cent after the company said its promoter and Chairman Ajay Singh will infuse Rs 500 crore into the airline, which will help boost its financial position as well as tap additional funds from a government scheme. The stock climbed 7.50 per cent to Rs 33.50 during the day on the BSE after a firm beginning. However, the stock failed to hold on to the strong momentum and gave up most of their early gains and ended at Rs 31.38 apiece, up 0.71 per cent. In volume terms, 73.81 lakh shares of the company were traded on the BSE during the trade. The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds. In a statement on Wednesday, SpiceJet said the fresh equity infusion by Singh, who is also the Chairman and Managing Director, will help the carrier in accessing ...

Delta Air forecasts stronger earnings on post-pandemic travel boom

Shares of other airlines also followed Delta's gains, with American Airlines, United Airlines and Southwest Airlines all up about 1.8% before the bell

Reliance Retail to reduce equity share capital, pay Rs 1,362 per share

Shares held by such shareholders will stand cancelled and extinguished