The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5 percent but shifted its policy stance to neutral. This decision follows the US Federal Reserve’s recent jumbo rate cut of 50 basis points. A poll of 12 economists, bankers, and fund managers had predicted the RBI would […]
RBI MPC Holds Repo Rate Steady at 6.5%, Shifts Stance to Neutral Read More »
Hyundai Motors India Ltd is set to raise approximately Rs 8,315 crore from anchor investors by issuing 42.42 million shares on October 14, ahead of its highly anticipated Initial Public Offering (IPO). The IPO, open for subscription from October 15 to October 17, is priced between Rs 1,866 and Rs 1,960 per share. The IPO
Hyundai Motors India to Raise Rs 8,315 Crore via Anchor Bidding on October 14 Read More »
Hyundai Motor India, the country’s second-largest carmaker, has announced a price band of Rs 1,865-1,960 per share for its Rs 27,870-crore initial public offering (IPO), which is set to open on October 15. The IPO, consisting entirely of an offer-for-sale of 14.2 crore equity shares by its parent company Hyundai Motor Company, will close on
Hyundai Motor India Sets IPO Price Band at Rs 1,865-1,960 for Rs 27,870-Crore Offering Read More »
The Securities and Exchange Board of India (SEBI) has issued observation letters for the IPO plans of National Securities Depository Limited (NSDL), Zinka Logistics Solutions (operating as Blackbuck), and Standard Glass Lining Technology, allowing them to move forward with their public offerings. NSDL IPO: NSDL, which filed its draft prospectus in July last year, received
SEBI Clears IPOs for NSDL, Zinka Logistics, and Standard Glass Lining Technology Read More »
Sheela Foam, the owner of popular mattress brands Sleepwell and Kurlon, announced on October 8 that it has acquired a 10.5% stake in House of Kieraya Ltd, the parent company of furniture rental brand Furlenco, for Rs 107 crore. This news drove the company’s stock up by 3.16%, trading at Rs 900.15 on the NSE
Sheela Foam’s Stock Rises 3% Following 10.5% Stake Acquisition in Furlenco Parent Read More »
SpiceJet’s share price surged more than 9% on Tuesday following the airline’s announcement to expand its fleet by inducting 10 new aircraft by November. The airline’s ongoing recovery is bolstered by its recent Rs 3,000-crore Qualified Institutional Placement (QIP) fundraise. By 11:06 am, the stock was trading at Rs 62.6, after hitting an intraday high
ICICI Lombard General Insurance Company has further increased its stake in Axis Bank by bringing the total investment amounting to Rs 236 crore on October 7, 2024. The deal brings the insurer’s stake in the bank to 0.08 percent, data from a stock exchange filing showed. The transaction was carried out during market hours on
ICICI Lombard Increases Stake in Axis Bank, Raising Investment to Rs 236 Crore Read More »
The Securities and Exchange Board of India (SEBI) has granted approval for the much-anticipated initial public offering (IPO) of National Securities Depository Limited (NSDL). NSDL, a key player in India’s capital market, manages the dematerialization of securities. The IPO will be a pure offer-for-sale (OFS), with major shareholders like NSE and IDBI Bank set to
SEBI Approves Long-Awaited NSDL IPO; HDFC Bank Shares Gain on Stake Sale News Read More »
Shares of Bharat Electronics Ltd (BEL) were in focus on October 8 after the defense PSU announced it had secured additional orders worth over Rs 500 crore since its previous update on September 11. The new contracts include a variety of key defense projects, such as electromagnetic interference (EMI) shelters, maintenance for air command systems,
BEL Secures Over Rs 500 Crore in New Orders, Stock Remains in Focus Read More »
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,
