Indian Market

SEBI Approves Jio Financial and BlackRock's Mutual Fund Venture

SEBI Approves Jio Financial and BlackRock’s Mutual Fund Venture

/ Indian Market /

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 […]

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Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning

Suzlon Shares Dip Nearly 5% After NSE and BSE Issue Compliance Warning

/ Indian Market /

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

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Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump

Realty Stocks Drop as DLF, Sobha Fall Amid Market Weakness and Mumbai Property Slump

/ Indian Market /

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

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BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives

BSE to Retain Weekly Sensex Options Amid New SEBI Rules for Derivatives

/ Indian Market /

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

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India's September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore

India’s September GST Collection Grows 6.5% YoY to Rs 1.73 Lakh Crore

/ Indian Market /

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

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Ashoka Buildcon Rises Over 2% on Securing EPC Contracts Worth Rs 1,738 Crore

Ashoka Buildcon Rises Over 2% on Securing EPC Contracts Worth Rs 1,738 Crore

/ Indian Market /

Shares of Ashoka Buildcon climbed over 2 percent on October 3 after the company received a letter of award for a project valued at Rs 474.10 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The project involves designing and constructing an elevated road from Kalyan to Pune Link Road, including railway line crossings and

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IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September

IPO Boom Continues in 2024 with Over Rs 12,000 Crore Raised in September

/ Indian Market /

India’s IPO market is witnessing a remarkable surge this year, with September marking the highest activity yet. The month saw 12 mainboard IPOs, collectively raising over Rs 11,000 crore, and 39 small and medium enterprises (SMEs) adding another Rs 1,542 crore. This makes it the most active month for SME IPOs in the last decade.

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Maruti Suzuki's September Sales See Modest 2% Growth, Reach 1,84,727 Units

Maruti Suzuki’s September Sales See Modest 2% Growth, Reach 1,84,727 Units

/ Indian Market /

Maruti Suzuki India reported a 2% year-on-year increase in total sales for September, reaching 1,84,727 units, as per a company statement. This compares to 1,81,343 units sold in the same month last year. While domestic passenger vehicle sales dropped by 4%, amounting to 1,44,962 units, the mini-segment cars like Alto and S-Presso witnessed a slight

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Rahee Infratech Submits DRHP for Rs 420 Crore IPO to SEBI

Rahee Infratech Submits DRHP for Rs 420 Crore IPO to SEBI

/ Indian Market /

Kolkata-based Rahee Infratech Limited, a leading railway civil engineering and construction firm, has filed its draft red herring prospectus (DRHP) with SEBI for a Rs 420 crore IPO. The offering will also involve promoter divestment of up to 2.7 million equity shares. The company may pursue an additional Rs 84 crore via a pre-IPO placement.

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NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

NCC Shares Rise Over 2% After Securing Rs 2,327 Crore in Orders for September

/ Indian Market /

Shares of NCC Ltd gained more than 2 percent on October 1 after the company announced it had secured orders worth Rs 2,327 crore in September 2024. In a regulatory filing, NCC stated that the orders span multiple sectors, with Rs 1,417 crore for its transportation division, Rs 520 crore for electrical projects, and Rs

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