TVS SCS (Supply Chain Solutions), the logistics arm of the TVS Group, has filed its DRHP (draft red herring prospectus) with the market regulator SEBI. According to various bankers, the company will likely raise around Rs. 2,000 crores from its fresh issuance of equity shares. Some existing shareholders will pare their stakes through an OFS …
As India enters its fourth phase of an extended lockdown amid the CoronaVirus outbreak, RIL strikes another foreign investment deal. This deal is its fourth in less than four weeks. It will add to the $8 billion deal which Reliance has already raised in foreign investment so far in 2020. Mukesh Ambani-led Reliance Industries has set …
Ok, here is a small quiz! When was the last time that the stock of Reliance Industries was up by over 11% in a single day? In case you are not aware, the last time the stock saw such a sharp move was in May 2009, a day after the ruling Congress coalition was voted …
What can be viewed as a 21st century ‘gold rush’, multiple dips in the stock market in the last few years have caused investors to run towards gold as a safe investment avenue again and again. Be it the 2020 covid crash, the Russian invasion of Ukraine or the recent collapse of the Silicon Valley …
Bombay Stock Exchange or BSE is trying to make a mark in the commodity exchange segment by planning to launch Almond contracts in commodity derivative segment. Although MCX dominates the commodity trading sector along with NCDEX and ICEX, BSE and NSE also take part in it from time to time by introducing new indices. Before …
On 31 August 2021, Tuesday, HCL Technologies shares recorded a new high of Rs. 1,193.15, surging 3% on the BSE during intraday trade. This rise in stock price materialised immediately after the company announced that it would be allocating $1.25 million to Series A preferred stock of Austin GIS via its subsidiary, HCL Bermuda Limited. …
As a slew of companies revealed their Q3 FY 22 results, ONGC also reported its third-quarter results on 11 February 2022. This company showed massive profits again and is ready to pay dividends to its shareholders. On that note, let’s look at some of the details of the Q3 results of ONGC. Key Highlights of …
The recent Budget 2021-22 has brought the spotlight back on the government’s disinvestment and privatisation plans. The Finance Minister, in her Budget, announced the disinvestment of the government stakes in two Public Sector Banks (PSBs) apart from one general insurer, apart from disinvestment of IDBI Bank. The markets reacted positively to the Budgetary announcement pertaining …
The government extends the BPCL bid deadline for the third time. Bharat Petroleum Corporation Ltd., India’s second-largest oil refiner, is a government-controlled company. In November 2019, the government decided to sell off its entire stake of 52.98 percent to interested private parties. Although, the cabinet accepted the proposal of disinvesting government equity shares in BPCL …
In its meeting held today, the Monetary Policy Committee (MPC) made several key decisions based on its assessment of the current and evolving macroeconomic situation. The committee opted to maintain the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. Additionally, the standing deposit facility (SDF) rate remains unchanged at 6.2%, while …
