Capital markets regulator SEBI announced that Hero Motors has withdrawn its draft red herring prospectus (DRHP) for its proposed Rs 900-crore public issue on October 5. Meanwhile, Suraksha Diagnostic has received SEBI’s approval to proceed with its initial public offering (IPO). Hero Motors, a flagship auto components company of the Hero Motors Company (HMC) Group, […]
The board of Shakti Pumps has recommended a bonus issue in the ratio of 1:5, meaning shareholders will receive five additional shares for each share they hold. The decision was made during a board meeting held today, as disclosed in an exchange filing. According to the company’s statement, the bonus issue will consist of five
Shakti Pumps Board Recommends 1:5 Bonus Issue; Shares Drop 5% Read More »
Shares of Gujarat Pipavav Ports fell over 5 percent on October 7 after the company reported a disappointing business update for the July-September quarter. The port operator saw a significant drop in both container and dry bulk volumes, which contributed to the stock’s sharp decline. Total container volumes for Q2 fell 17 percent year-on-year to
Gujarat Pipavav Shares Drop 5% After Q2 Business Update Disappoints Read More »
Shares of Ambuja Cements rose over 1 percent, and HeidelbergCement India surged 13 percent on October 4, following reports that the Adani Group is in talks to acquire HeidelbergCement India and Zuari Cement. The potential buyout is estimated to be valued at around Rs 10,000 crore, according to a report by The Economic Times. Ambuja
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its decision on the repo rate on October 9, 2024. While a change in the policy stance is likely, a rate cut is not expected in this meeting, despite recent global trends like the US Fed’s 50-basis point cut. The repo
RBI Policy Stance May Shift, But Rate Cut Unlikely in October MPC Meeting Read More »
Jio Financial Services Ltd (JFS), the financial arm of Reliance Industries, announced on October 4 that SEBI has granted in-principle approval for its joint venture with BlackRock Financial Management to establish a mutual fund business. This approval allows JFS and BlackRock to act as co-sponsors for the proposed mutual fund The final approval for registration
SEBI Approves Jio Financial and BlackRock’s Mutual Fund Venture Read More »
Suzlon shares fell by nearly 5 percent on October 3 after the company received advisory warnings from the NSE and BSE for non-compliance with SEBI regulations. The stock hit an intraday low of Rs 76.06 on the NSE, marking a decline of 4.61 percent. Suzlon has been on a six-day losing streak, dropping 8.71 percent
Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning Read More »
Shares of real estate firms such as DLF, Sobha, Godrej Properties, and Lodha fell by up to 6 percent on October 3, driven by overall market weakness and a slump in the Mumbai property market. The drop follows a 15 percent year-on-year decline in Mumbai housing unit registrations in September, impacted by the inauspicious Shraadh
Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump Read More »
The Bombay Stock Exchange (BSE) will retain weekly derivative contracts linked to the Sensex index after the Securities and Exchange Board of India (SEBI) introduced stricter rules for equity derivatives, according to sources. SEBI’s new regulations, effective from November 20, will limit exchanges to offer only one weekly options contract. This is in response to
BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives Read More »
India’s Goods and Services Tax (GST) collections for September 2024 reached Rs 1.73 lakh crore, reflecting a year-on-year growth of 6.5 percent, according to official data. This is up from Rs 1.63 lakh crore collected in the same month last year. Net GST revenue post refunds increased 4% to Rs 1.53 lakh crore while domestic
India’s September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore Read More »
