Share market is full of speculation. The Securities and Exchange Board of India (SEBI) is the governing body that regulates the stock market. It looks after the interest of the traders and investors. It often happens that the traders and investors suffer a good amount of loss due to speculation activities in the stock market. In…
Continue ReadingReliance Jio’s arm, Reliance Projects and Property Management Services (RPPMSL), has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,720 crore, Reliance Industries Limited said on December 22. The Mukesh Ambani-led telecom subsidiary had placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets…
Continue ReadingWith the global economy — already struggling with the war in Ukraine and stagflation risks — worried about the impact of another Covid-19 outbreak in China, India Inc is cautiously optimistic that the resilience of the Indian economy will help avoid any large-scale disruptions. Subhrakant Panda, the newly-appointed president of the industry association FICCI, said…
Continue ReadingBajaj Finance Ltd, the non-banking financial company (NBFC) with a focus on consumer loans, has underperformed the benchmark Sensex and Nifty indices in 2022, the first time it has done so in 14 years. The company has been a darling of investors despite valuations being steep at times. So far this year, both the Sensex…
Continue ReadingThe anchor book allocation of K-Fin Technologies (KFINT), the registrar and transfer (R&T) agent that floated an Initial Public Offer (IPO) on December 19, shows that just eight fund houses (all serviced by KFINT) received allocation of shares. KFINT is one of the two largest R&Ts in the Rs 40-trillion Indian mutual fund (MF) industry.…
Continue ReadingLife Insurance Corporation of India has increased its shareholding in leading asset management company HDFC AMC by buying additional shares via open market transactions. Both the companies intimated to exchanges about the transactions via regulatory filings on December 15. LIC has bought an additional 43.27 lakh equity shares, or a 2.03 percent stake, in HDFC…
Continue ReadingWith 2023 in sight now, investors have started to focus on the upcoming Union budget for the next fiscal year. There has been much talk about macro headwinds of slowing growth in the US and a likely recession in the UK and Europe, leading to a belief that market participants will parse Finance Minister Nirmala…
Continue ReadingThe country’s largest wine producer Sula Vineyards is the first initial public offering getting launched in the month of December. Here are 10 key things to know before subscribing to the public offer of Sula Vineyards: 1) IPO Dates The public issue will open for subscription on December 12 and the closing date would be…
Continue ReadingPremium automotive retailer Landmark Cars is set to float its initial public offering (IPO) on December 13. The price band for the offer, which will close on December 15, is set at Rs 481-506 apiece. Investors can bid for a minimum of 29 shares and in multiples of 29 shares thereafter. The Rs 552-crore float…
Continue ReadingPune-headquartered drone startup DroneAcharya Aerial Innovations, which has attracted investments from marquee investors like Shankar Sharma, Mangina Srinivas Rao and VC Kartik, is headed to Dalal Street soon. The company’s initial public offering (IPO) from December 13 – 15 will have a price band of Rs 52-54. Of the 62.90 lakh shares offered, 8.98 lakh…
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