Following the news of the founder equity sale, the stock of PB Fintech dropped more than 6%. PB Fintech Ltd stock dropped following a massive block sale that saw about 64.7 lakh shares traded in a single transaction, according to reports. The identities of the purchasers and vendors remained unknown. According to media sources, the …
Analysts feel globally weakening dollar, and the spree of FII investment in the domestic market caused rupees to gain against the dollar. Wednesday, rupee advanced 11 paise against dollar, which traded at 73.49. Over the last few days, the domestic unit has gradually gained against the dollar. In the forex market currencies are traded in …
Power is one of the most crucial and critical sectors for any economy. Whatever the industry may be services, manufacturing or agriculture, power is required. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy. Rather as the GDP witnesses growth the demand for power increases. In the case of India …
Bank of Maharashtra received the approval of its shareholders to raise up to Rs. 5,000 crores in equity capital on Thursday. It will allow the bank to obtain capital through several means, including preference issue and right issue. Per reports, the shareholders okayed the bank’s proposal in its annual general meeting, which was conducted virtually …
The motor manufacturer, Eicher Motors’ share prices rallied during intraday after the company reported year-on-year growth of 37 percent growth in December 2020. Company’s motorcycle sales stood at 68,995 units against 50,416 units it sold during the same month last year. COVID-19 has impacted the two-wheeler market like any other sector. However, growing aversion of …
It seems there is no shortage of excitement for the Indian investors as big news are coming almost daily. After Reliance held investor’s interest for three weeks, it’s now time for mining giant, Vedanta to grab the limelight. The company has decided to delist itself from Indian bourse (stock market) on May 11th. The news …
Introduction India’s largest software consultancy services exporter Tata Consultancy Services (TCS) has released its Q2 report card for the period ending in 30th September, 2022. The report shows the company’s performance to exceed all expectations with an increase in revenue from operations of 18% YoY, standing at ₹55,309 cr – much higher than the ₹46,867 …
Nykaa, an e-commerce start-up, has filed preliminary papers with the Securities and Exchange Board of India to raise Rs. 4000 crores via an initial public offering. Per its DRHP, the IPO will comprise new shares worth Rs. 525 crores along with a secondary issue of 43.11 million equity shares by existing shareholders and promoters. TPG …
An Overview of SEBI’s Block Mechanism Aside from the present early pay-in method, investors will soon be able to block stocks on their separate demat accounts for selling transactions. The “block mechanism” in the demat accounts of clients conducting sale transactions will be available from August 1, according to a circular released by markets regulator …
It was a classic case of an anti-climax as far as the expectations of the media and the investors were concerned. The Kotak Press Conference on 29th March had raised high expectations about possible announcements on proposed inorganic acquisitions. The markets had been rife with expectations that Kotak may announce its plans to acquire another …
