Sterling and Wilson Renewable Energy launched its Qualified Institutional Placement (QIP) on Monday, December 11. The Securities Issuance Committee, in accordance with Securities and Exchange Board of India (SEBI) guidelines, approved a floor price of Rs 365.02 per share for the issuance. The global pure-play, end-to-end renewable engineering, proc
Oil prices tumble as OPEC+ meeting delay sparks concerns over production cuts
Crude oil prices tumbled for the second consecutive session. The prices fell over 1% during early trade on Thursday. WTI crude prices are trading at $76.07 marking a 1.34% decrease, while Brent crude prices stand at $80.78 reflecting a 1.44% decline. This downward trend follows the news that the Organisation of the Petroleum Exporting Countries [&h
Will Nifty breach the 19850 level? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19, 892.5 up merely 0.02%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 advanced 28.45 points or 0.14% to settle at 19,811.85, while the BSE Sensex gained 92.47 points or 0.14% to 66,023.24. “Markets remained range-bound […]
Muthoot Microfin to launch Rs 960 crore IPO on Dec 18
Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, is set to float its Rs 960 crore initial public offering (IPO) on December 18. The maiden public issue will conclude on December 20 and the one-day bidding for the anchor investors will open on December 15, according to the red herring prospectus (RHP). Those selling [&hellip
King Charles III’s annual Christmas message from Buckingham Palace to include sustainable touches
King Charles III will give his second Christmas message from Buckingham Palace in front of a live tree decorated with sustainable ornaments. The message to be broadcast at 3 p.m. on Monday will be the king’s second holiday address since he ascended the throne but the first since his coronation in May. The natural decorations […]
EnKash plans to grow spends by 3X-5X by FY25
B2B fintech major EnKash, which received the Reserve Bank of India’s (RBI) payment aggregator (PA) license recently for its Olympus product, plans to expand overall spends by 3X-5X by FY25 from $3 billion in FY23, co-founder Yadvendra Tyagi told FE. “The company is currently operating and serving more than 250,000 businesses processing $3 billion s
2023 car buying trends: Purchase intent for EVs has reduced
A Deloitte study has found that the ‘purchase intent’ for electric cars – percentage of respondents preferring an EV as their next vehicle – has reduced from 54% at the beginning of 2023 to 48% by October 2023. This is despite the fact that more electric cars were launched in India this year than hybrids […]
Windfall profit tax on crude oil, diesel exports cut
The government on Thursday cut the windfall profit tax on crude oil produced in the country and on exports of diesel in line with softening international oil prices. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to Rs 6,300 per tonne from […]
Share Market Highlights: Nifty settled below 19750, Sensex below 65,800; Bank Nifty plunged more than 1%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed Friday’s trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73. The broader indices ended largely in mixed, with gains [&hel
Sebi mulling framework for issuance of subordinate units by REITs, InvITs to sponsors
Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates.Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment t