Stock Market Updates - Angel One - Page 1150

We can call it an end of an era. For a staggering amount of Rs 24,713, Reliance has acquired the retail chain of Future Group. For a period of over three decades, Kishore Biyani had built a retail empire that had earned him the nickname of Retail King of India. But on August 29, the baton …

As an asset class, commodity trading allows investors to participate in a highly leveraged market, with exponential profit potential. However, retail participation in commodity trading is limited. Mainly due to high margin requirement and secondly, because of the possibility of physical delivery of the asset. But the problem seems to be vanishing now as MCX …

The Multi Commodity Exchange (MCX) on Tuesday announced its plans to launch spot exchange in base metal. In the last one and a half year, over 1,00,000 tonnes of base metal delivery happened in the bourse.  But it lacked in introducing an efficient spot exchange platform. Currently, the base metal futures prices are pegged with …

The festive season is upon us, and Diwali is just around the corner. As we worship the goddess of wealth, Laxmi, on the day of Diwali, it is considered auspicious to make financial transactions on that day. It is customary for the Indian bourses to organise special trading sessions on the day of Diwali, following …

Hyderabad based Gland Pharma will launch its IPO offer on November 9. The firm received SEBI approval last month but announced the IPO launch date recently. The firm was in talks with the merchant banks to set the price band for the scrips. The subscription window will remain open till November 11.  Gland Pharma is …

CoronaVirus outbreak in the country is going to leave a tremendous financial impact on several sectors, including sweets and snacks industry which is currently struggling under reduced demand and depleting labour force. An official said on June 15 that projected revenue loss for snacks industry due to COVID-19 could amount up to Rs 35,000 crore …

If you are trying to invest in the equity market through a sub-broker, he will tell you that he is required to pay GST on his earning. Like any business, sub-brokers also come under the GST rules and need to pay taxes as per the slabs. The new service tax regime has brought the sub-broker …

The Security Issuance Committee of Shriram Transport Finance Company (STFC) has okayed the proposal to launch Rs 1500 crores rights issues to its existing stakeholders. In a meeting on Monday, July 6, the committee agreed to issue rights issue to raise funds from the market. In its filing announcement, the company declared that the promoter …

The US retail behemoth and prime shareholder of Flipkart, Walmart has announced a new investment of $1.2 billion in the Indian e-commerce unicorn. It will increase the percentage of majority-stake of Walmart in the e-commerce platform and will bring up the post-money valuation of Flipkart to $24.9 billion. In 2018, Walmart acquired 77 percent of …

In the last three months Reliance platform, which also includes Reliance Jio has raised Rs 2,12,809 crore in capital investment from some of the leading global brands. Google, the global technology behemoth is the latest one to join the rank with several others. In the latest deal struck between Reliance Jio and Google, the latter …