Shares of SpiceJet fell by nearly 3% on September 17, as investors booked profits following a rally driven by the airline’s announcement of a Qualified Institutional Placement (QIP) worth up to Rs 3,000 crore. The stock declined after the company opened the QIP at a floor price of Rs 64.79 per share, with the potential […]
SpiceJet Stock Drops 3% Amid Profit Booking; Airline Launches Rs 3,000 Crore QIP Read More »
PN Gadgil Jewellers made a strong debut on the stock market on Tuesday, September 17, with its shares listing at Rs 830 per share on the NSE, marking a premium of 72.91% over the issue price of Rs 480 per share. On the BSE, the shares listed even higher at Rs 834 per share, a
PN Gadgil Jewellers’ Shares Soar 73% in Stellar Market Debut, Listing at Rs 830 on NSE Read More »
Starting October 1, bonus shares announced by companies will be available for trading within two days (T+2) of the record date, according to new guidelines issued by the Securities and Exchange Board of India (Sebi). Currently, shareholders must wait approximately two weeks for bonus shares to be tradable. The record date refers to the cutoff
Sebi Accelerates Bonus Issue Process, Shares Available for Trading on T+2 from October 1 Read More »
Mutual funds have significantly increased their investment in Adani Group companies, with net purchases reaching over Rs 4,200 crore in August 2024. This marks a consistent rise in mutual fund interest in the Adani Group over recent months. In July, net buying stood at around Rs 2,000 crore, while June and May saw Rs 990
Mutual Funds Invest Rs 4,200 Crore in Adani Group Stocks in August Amid Rising Interest Read More »
HDFC Bank announced on Monday that its board of directors will convene on Saturday, October 19, 2024, to consider and approve the unaudited standalone and consolidated financial results for Q2 FY25, covering the quarter and half-year ending on September 30, 2024. IDBI Bank has also informed that in compliance with the SEBI regulations, the trading
Bajaj Housing Finance made a stellar debut on the stock exchanges on Monday, September 16, with its shares listing at Rs 150 per share on both NSE and BSE, reflecting a 114% premium over the IPO issue price of Rs 70 per share. Shares had been allocated to successful IPO bidders on September 13. The
The Forest Advisory Committee (FAC) of India’s Ministry of Environment, Forest, and Climate Change has granted in-principle approval to Vedanta’s Cairn Oil and Gas for oil and gas exploration in Assam’s Hollongapar Gibbon Sanctuary. The project will cover 4.49 hectares within the eco-sensitive zone of the sanctuary, home to the endangered Hoolock Gibbon, India’s only
On September 14, Zomato announced its decision to challenge a GST order from the West Bengal government, which demanded a total of Rs 5.6 crore for the period from April 2020 to March 2021, including GST, interest, and penalties. Initially, the company had indicated it might pay the amount due to the high cost of
Zomato to Appeal Rs 5.6 Crore GST Order from West Bengal Government Read More »
The Securities and Exchange Board of India (SEBI) has concluded its proceedings against the National Stock Exchange (NSE), along with former officials Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, in connection with the exchange’s co-location services investigation. Ravi Narain served as the Managing Director and CEO of NSE from 2000 to March 2013, while
SEBI Drops Charges Against NSE and Former Executives in Co-Location Controversy Read More »
Mahindra & Mahindra Financial Services (MMFS) has announced its foray into the mortgage business, which will include a range of offerings such as housing finance, top-up loans, lease rental discounting, home improvement, and home extension loans. The expansion was approved during a board meeting held on September 13. MMFS, a leading non-banking financial company (NBFC),
Mahindra & Mahindra Financial Services Expands Into Mortgage Business Read More »
