Indian Market

RBI Keeps Repo Rate Steady at 6.5% for the 11th Consecutive Time

RBI Keeps Repo Rate Steady at 6.5% for the 11th Consecutive Time

/ Indian Market /

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced on December 6 that the repo rate would remain unchanged at 6.5%, marking the 11th consecutive decision to maintain the rate. Key Highlights Economic Context This was pretty much expected from the latest Moneycontrol survey of 17 economists, bankers, and fund managers. Unchanged rates […]

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Mobikwik IPO Price Band Announced at Rs 265-279; Size Reduced to Rs 572 Crore

Mobikwik IPO Price Band Announced at Rs 265-279; Size Reduced to Rs 572 Crore

/ Indian Market /

Digital payments platform One Mobikwik Systems Ltd has set the price band for its upcoming IPO at Rs 265-279 per share, with the public subscription scheduled from December 11 to 13. Anchor investors can bid starting December 10. The IPO size has been trimmed for the third time, now targeting Rs 572 crore, compared to

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Vishal Mega Mart IPO Price Band Set at ₹74-78 per Share; Key Details You Need to Know

Vishal Mega Mart IPO Price Band Set at ₹74-78 per Share; Key Details You Need to Know

/ Indian Market /

Vishal Mega Mart Ltd has announced the price band for its ₹8,000 crore initial public offering (IPO) at ₹74-78 per share. The IPO will open for subscription from December 11 to December 13, with anchor bidding starting on December 10. IPO Timeline and Allotment Details The entire IPO is an offer for sale by the

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NHAI to Launch ₹1,000 Crore Green Bonds for Eco-Friendly Initiatives on Delhi-Mumbai Expressway

NHAI to Launch ₹1,000 Crore Green Bonds for Eco-Friendly Initiatives on Delhi-Mumbai Expressway

/ Indian Market /

The National Highways Authority of India (NHAI), through its fully-owned Special Purpose Vehicle, DME Development Ltd (DMEDL), is set to issue green bonds worth ₹1,000 crore. This initiative aims to fund environmentally sustainable measures along the Delhi-Mumbai Expressway. The ₹500-crore bond issue with a green-shoe option for another ₹500 crore if oversubscribed is likely to

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Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement

Talks Between Bain Capital and Manappuram Finance Face Delays Over Terms of Agreement

/ Indian Market /

Negotiations between Manappuram Finance, India’s second-largest gold loan company, and Bain Capital, a leading private equity firm, have hit a roadblock due to differences over the deal’s terms. Sources indicate that the discussions, which began in early November, were aimed at Bain acquiring a controlling stake. However, disagreements have delayed the process. Key Issues in

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Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar

Bondada Engineering Stock Jumps 3% After Winning ₹1,089 Crore Solar Project in Bihar

/ Indian Market /

Shares of Bondada Engineering climbed over 3% on December 5, following the announcement of a major ₹1,089 crore order from the Bihar Renewable Energy Development Agency. This project is part of the Mukhyamantri Gramin Solar Street Light Yojana and involves the design, supply, installation, testing, and commissioning of smart solar street light systems with remote

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Vishal Mega Mart's ₹8,000-Crore IPO to Open on December 11: Key Highlights and Growth Insights

Vishal Mega Mart’s ₹8,000-Crore IPO to Open on December 11: Key Highlights

/ Indian Market /

Vishal Mega Mart, one of India’s largest diversified retailers, is set to launch its ₹8,000-crore Initial Public Offering (IPO) on December 11. The IPO bidding for anchor investors will commence a day earlier, on December 10, as stated in the company’s Red Herring Prospectus (RHP). The public issue will close on December 13. This IPO

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PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP

PG Electroplast Shares Hit All-Time High After Launch of ₹1,500 Crore QIP

/ Indian Market /

PG Electroplast shares soared on December 5, climbing 6% to touch a record high of ₹820.75 after the company announced the launch of a Qualified Institutional Placement (QIP) worth up to ₹1,500 crore. The stock has gained significant momentum, rising 16% in the past week alone. At 9:57 am, shares were trading at ₹812.05 on

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HEG Shares Gain 6% After ₹172 Crore Block Deal; Touch 6-Year High Amid Strong Demand Outlook

HEG Shares Gain 6% After ₹172 Crore Block Deal; Touch 6-Year High Amid Strong Demand Outlook

/ Indian Market /

HEG’s stock extended its rally, climbing over 6% on December 5 to reach a 6-year high of ₹619. This marked the third consecutive session of gains for the graphite electrode manufacturer, fueled by a major block deal worth ₹172 crore. During the transaction, 28.8 lakh shares, representing a 6% stake in the company, were traded

HEG Shares Gain 6% After ₹172 Crore Block Deal; Touch 6-Year High Amid Strong Demand Outlook Read More »

Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

Brickwork Ratings Settles SEBI Allegations with Rs 1.54 Crore Payment

/ Indian Market /

Brickwork Ratings has agreed to pay Rs 1.54 crore to settle allegations of violating SEBI’s Credit Rating Agencies (CRA) Regulations. The Securities and Exchange Board of India (SEBI) announced the settlement on December 4. SEBI inspected Brickwork Ratings covering December 1, 2019, to January 21, 2022. The inspection aimed to evaluate the agency’s compliance with

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