Syrma SGS Technology’s Rs 840-crore IPO, which got subscribed 32.61 times on the final day of bidding, is likely to finalise the basis of allotment on Tuesday, 23 August. This was the first company in over two months to hit the market with an IPO. The portion reserved for qualified institutional buyers was subscribed 87.56 …
The rupee depreciated by 39 paise to close at 79.63 against the US currency on Monday, pressured by dollar demand and waning risk appetite among investors. Lower crude oil prices and a rally in domestic equities restricted the losses to some extent, forex dealers said. At the interbank foreign exchange market, the domestic currency opened …
Global brokerage firm UBS continues to back value trade on Wall Street despite the recent surge in technology shares amid the universe of growth stocks. “While the recent rally in the tech sector is encouraging, we continue to maintain a selective approach to longer-term growth stocks and keep our preference for value over growth in …
A cybersecurity expert has claimed that diagnostics service provider, Redcliffe Labs, has been hit by a cyber attack that exposed over 12 million patient records. The expert, Jeremiah Fowler, has revealed that the database was non-password-protected and it contained over 12 million records containing medical diagnostic scans, test results, and other potentially sensitive medical records. …
ITC share price jumped nearly 3 per cent to a new 52-week high of Rs 316.65 apiece on BSE on Tuesday, after the company’s consolidated net profit rose 33.46 per cent on-year to Rs 4,462.25 crore in April-June 2022. The company had posted a profit of Rs 3,343.44 crore during the corresponding quarter of previous …
The Cabinet on Wednesday approved Nutrients Based Subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the rabi season (October – March) 2023-24 at Rs 22,303 crore. This represents a 57% decline compared to previous year thanks to a fall in the global prices of the soil nutrients. In 2022-23, total NBS for both …
By Ashley Coutinho The profitability of listed mutual fund players came under pressure for the quarter ended June amid weak markets and a regulatory diktat that prevented fund houses from hitting the market with with offerings. The total AUM of open-ended equity funds as of June 30 stood at Rs 12.86 trillion, down by 5.9% …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic stock markets witnessed a volatile trading session on Wednesday with headline indices dancing between gains and losses. At the end of the day, S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points …
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution sector to cool CNG and piped cooking gas prices that have shot up by 70 per cent on the use of imported fuel. Less than three months after it ordered the use of costlier imported LNG to meet …
Sensex and Nifty opened in the green on Monday — the first trading session of the month — and after battling initial volatility remained comfortably in the control of bulls for the entire day. On closing, S&P BSE Sensex zoomed 545 points or 0.95% to end at 58,115, while the NSE Nifty 50 index settled …