Page 2 - Shares

NIIF IFL to tap family offices to issue Rs 1,500 cr preference shares

Separately, NIIF IFL will also raise up to Rs 3,500 crore through non-convertible debentures to carry out refinancing operations

RIL's 1:1 bonus shares explained: Meaning, tax rules, and implications

What are bonus shares and how Reliance's latest announcement will impact investors

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded

Amazon's shares slide after AI spending plans disappoints investors

The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion

Six firms including Citigroup Global buy stake in Netweb Tech for Rs 458 cr

Six entities, including Citigroup Global Markets Mauritius, ICICI Prudential MF and Societe Generale, on Friday acquired stakes in Netweb Technologies India for Rs 458 crore through open market transactions. As per the data available on NSE, Citigroup Global Markets Mauritius, Discovery Global Opportunity Mauritius, ICICI Prudential Mutual Fund, Invesco MF, Societe Generale and Union MF bought a total of 20,54,795 shares or 3.64 per cent stake in Netweb Technologies India. Shares were picked up at an average price of Rs 2,232.10 apiece, taking the combined deal value to Rs 458.65 crore. Meanwhile, four promoters -- Navin Lodha, Sanjay Lodha, Niraj Lodha and Vivek Lodha -- offloaded the same amount of shares at the same price on the National Stock Exchange (NSE). After the share sale by these promoters, the combined shareholding of promoters and promoter group entities in Netweb Technologies India will decline to 71.4 per cent from 75.04 per cent. Shares of Netweb Technologies Ind

Google parent Alphabet reduced stake in Crowdstrike before July outage

The company cut its stake to 427,895 class A shares from 855,789 shares, as of June 30

Intel shares to fall most in 24 years as it struggles with turnaround

Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates

Adani Energy share sale receives three-fold bids as buyers pile in

Indian and international institutions have oversubscribed to Adani Energy Solutions Ltd.'s $1 billion share sale

Ford slips as higher costs, EV segment take a toll on profit growth

Analysts at Piper Sandler cited these 'unwelcome warranty headwinds' as the reason for the stock slump

Universal Music Group shares drop 30% as streaming growth disappoints

"The speed and quantum of the slowdown in subscription revenues caught the company and analysts by surprise," JPMorgan analysts said in a note

Dharana Capital acquires shares worth Rs 400 crore in Urban Company

Dharana Capital founder Vamsi Duvvuri to join the board as Non-Executive Director

Sebi issues guidelines to streamline operations of credit rating agencies

Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings. These modifications will be applicable, with effect from August 01, 2024, the Securities and Exchange Board of India (Sebi) said in a circular on Thursday. "In order to promote ease of doing business and bring about uniformity in dealing with appeals, based on consultation with stakeholders, including CRAs (Credit Rating Agencies), it has been decided to provide specific timelines for dealing with appeals made by the issuer in respect of rating actions carried out pursuant to periodic surveillance of ratings," it added. The changes mandate that CRAs communicate ratings to companies within one working day of the rating committee meeting, with an outer limit set to ensure ...

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

Asia shares set for weekly gains as major central banks cut rates

The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate

Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr

Orient Green Power will seek shareholders' approval to raise its authorised share capital to Rs 2,500 crore from the existing Rs 1,600 crore in its annual general meeting later this month. The proposal to raise the authorised share capital is listed on the agenda of the annual general meeting scheduled on June 28, 2024, the notice of the AGM stated on Thursday. The notice informed that to undertake a capital raising activity in the future and for other business requirements that arise from time to time, it is proposed to increase the authorised share capital from Rs 1,600 crore to Rs 2,500 crore. The increase in authorised share capital of the company and alteration of Clause V of the Memorandum of Association are subject to the approval of members of the company by way of passing an ordinary resolution in terms of Sections 13, 61 and 64 and other applicable provisions of the Companies Act, 2013, as well as any other applicable statutory and regulatory approvals, it added. The comp

Indian shares seen opening slightly higher as Modi set for third term

The National Stock Exchange of India handled the highest ever number of transactions in a single trading day on Wednesday, with 19.71 billion orders and 285.5 million transactions

Early Tesla bulls giving up on stock, as doubt on future growth loom

The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high

Honeywell Automation shares rally 8%, hit 52-week high amid strong Q4 show

Honeywell Automation's board announced a final dividend of Rs 100 per share for the fiscal year 2024 while releasing its Q4FY24 results

Route Mobile public shareholders tender shares worth Rs 2,500 crore

Enterprise messaging firm Route Mobile's public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company's ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging firm Route Mobile for Rs 5,922.4 crore in an all-cash deal. The acquisition has triggered an open market offer for the sale of 26 per cent of Route Mobile in compliance with regulatory guidelines. Depending on the outcome of the MTO (mandatory takeover offer), the stake held by Proximus Opal could further increase to around 75 per cent of Route Mobile's shares. "1,57,68,803 equity shares have been tendered in the Escrow Demat Account (with The Hongkong and Shanghai Banking Corporation Limited (HSBC)," Route Mobile said. The tendered period has closed now. Shares of Route Mobile closed at Rs 1,600.65 apiece, down 0.54 per cent, a

US-based Baron Capital boosts Swiggy's valuation to $12.1 billion

New valuation is above the $11 billion IPO valuation target that Swiggy is eyeing