Syrma SGS Technology IPO opened for subscription last week on Friday and will close on Thursday, 18 August. This is the first company to tap the primary market in two-and-a-half months. On the third day of the subscription window, the issue was subscribed over 1.7 times with retail investors leading the charge. Investors can bid …
Indian equity markets extended gains on Monday amid positive global cues. S&P BSE Sensex was up more than 200 points or 0.38% to sit above 57,800 while NSE Nifty 50 index above 17,200, up 0.28%. Last week, equity benchmarks maintained their winning streak over a second consecutive week buoyed by firm global cues. The Nifty …
Stocks wiped out gains on speculation the rally that followed softer inflation data went too far, with the Federal Reserve still set to keep its monetary policy tight. Bond yields climbed. The S&P 500 edged lower after an advance that topped 1% earlier in the day and put the gauge near the 50% Fibonacci retracement …
Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended more than half a per cent up on Tuesday, on the back of positive global cues. S&P BSE Sensex closed 379 points or 0.64% higher at 59,842. Nifty 50 ended 127 points or 0.72% …
Bulls remain in control on Dalal Street so far, pushing Sensex and Nifty higher. On Wednesday, S&P BSE Sensex added 417 points or 0.70% to regain the 60,000 mark after four months while the broader NSE Nifty 50 index closed at 17,944 levels. Bank Nifty crossed 39,400 while India VIX, the volatility gauge, dropped marginally. …
Transnational conglomerate Hinduja Group, where the third generation of the family has taken charge of key businesses, will continue to stay united as there are no differences necessitating any division, chairman GP Hinduja (GP) toldFEin an interaction. Speaking at the family’s residence at Carlton House Terrace in London, GP said the family has a simple …
Famous Innovations Delhi has announced its acquisition of Adidas India social mandate. As per the company, the collaboration reinforces Famous Innovations Delhi’s reputation as a creative force with a track record of accolades and a diverse client portfolio. Talking about the mandate, Sunil Gupta, senior director – brand, Adidas, said, “We are happy to collaborate …
ONGC’s standalone EBITDAX shot up ~2x y-o-y/40% q-o-q to Rs 259 bn (slightly ahead of consensus) on the back of higher oil realisation (up 66% y-o-y/14% q-o-q), coupled with modest volumes (up 2% y-o-y/q-o-q). Oil realisation is likely to taper down amid falling crude prices on recession fears. Besides, imposition of windfall tax ($31/bbl) on …
While we continue to like Colgate as the dominant force in the oral care segment with large scale and superior economics, value creation and multiple re-rating are very sensitive to the sustained recovery in volume growth. 1) Topline growth remains subdued: With sales growth stuck in mid-to-low-single digits, volume growth has been stubbornly weak for …
By Royce Vargheese Joseph WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top …