QVC Exports made a strong debut on the NSE SME platform, listing at Rs 161 per share—an 87% premium over its IPO price of Rs 86. Despite the impressive start, the stock experienced profit booking, pulling it down to a low of Rs 152.95. The grey market had estimated the listing to be even higher […]
QVC Exports Shares Debut with an 87% Premium on NSE SME, Followed by Profit Booking Read More »
NBCC Ltd, a prominent Navratna Central Public Sector Enterprise, has announced plans to consider issuing bonus shares during its upcoming board meeting scheduled for August 31. The company informed shareholders through an exchange filing, indicating that the board will review a proposal to issue bonus shares by capitalizing reserves, pending shareholder approval. The share price
NBCC Set to Discuss Bonus Share Issuance at August 31 Board Meeting Read More »
Citibank N.A., acting as a designated depository participant (DDP), has paid Rs 40.2 lakh to settle allegations of violations related to the Foreign Portfolio Investors (FPI) Regulations and the Code of Conduct under Depositories and Participant Regulations. The violations related to duplication of the client’s wet ink signature without his or her consent. Sebi, the
Citibank NA Settles FPI and Depository Regulation Violations for Rs 40.2 Lakh Read More »
Central Depository Services Ltd. has fined ₹1.3 crore for settling the charges of violations related to directions given by Sebi. “The amount of ₹1,30,04,550 as recommended by HPAC has been approved by Panel of Whole-time Members vide their approval dated.,” Sebi said in an order on August 27. The charges pertain to show-cause notice dated
CDSL Settles Sebi Allegations by Paying Rs 1.3 Crore Read More »
Datamatics Global Services’ stock hit the 20 percent upper circuit on August 27 after the company announced a strategic partnership with Microsoft. This collaboration will focus on building AI copilot solutions aimed at enhancing process automation and accelerating business transformation. It was trading at Rs 673.2 on the NSE at 13:04 pm, up 20 percent
Datamatics Shares Surge 20% on Microsoft Partnership to Develop AI Copilots Read More »
On August 27, a significant transaction involving shares worth Rs 1,376.40 crore of Tata Technologies occurred on the stock exchanges. The block deal saw 1.30 crore shares, representing a 3.3 percent stake in the company, trade at a floor price of Rs 1,027 per share. Following this large transaction, Tata Technologies’ shares experienced a brief
Tata Technologies Sees Rs 1,376.40 Crore Deal with 3.3% Stake Change Hands Read More »
Bondada Engineering’s share price surged to a 52-week high of Rs 3,684.45 in early trading on August 26, following the announcement of a significant project win worth Rs 575.74 crore. By 09:25 AM, the stock was up by Rs 175.45, or 5.00 percent, on the Bombay Stock Exchange (BSE). This power project is of 170.40
Bondada Engineering Shares Soar to 52-Week High After Securing Rs 575 Crore Project Read More »
Lemon Tree Hotels’ share price saw an uptick in early trading on August 27, following the company’s announcement of a new license agreement for a hotel in Civil Lines, Ayodhya. At 09:27 AM, the stock was trading at Rs 134.00, up Rs 1.10, or 0.83 percent, on the Bombay Stock Exchange (BSE). The upcoming property
Lemon Tree Hotels Signs License Agreement for Ayodhya Property; Shares Rise Read More »
Thane-based Gala Precision Engineering, a manufacturer of precision components, is set to launch its initial public offering (IPO) on September 2, 2024. The company will announce the price band for the issue on August 27. The IPO would include a fresh issue of up to 25,58,416 equity shares by the company and an offer-for-sale of
Gala Precision Engineering IPO Set to Launch on September 2 Read More »
The Securities and Exchange Board of India (Sebi) has issued show-cause notices to Vijay Shekhar Sharma, the founder of One 97 Communications Ltd (Paytm’s parent company), and several board members who were part of the company during its initial public offering (IPO) in November 2021. The notices are related to allegations of misrepresentation of facts
