By Neeraj Kumar Mental Health issues are widely prevalent in every sphere of one’s life and addressing the same in an effective and supportive way is the need of the hour. The focus should not remain only on corrective therapy and remedy but increasing efforts should be made in preventive care as well, especially targeting […]
Govt offloads over 4 MT of wheat in open market to curb prices
To curb the rise in prices, the government has offloaded 4.1 million tonne (MT) of wheat under the open market sale scheme (OMSS) by the Food Corporation of India (FCI) to bulk buyers this fiscal. On Wednesday, the FCI sold 0.28 MT of wheat to 2,420 bidders in the weekly e-auction, which commenced in June, […]
Sugar stocks decline after govt’s ethanol move
Stock prices of major sugar companies fell on Monday after the government’s decision to discontinue the use of sugarcane juice, or sugar syrup, for ethanol production during the supply year 2023-24 (November-October).Stock prices of Balrampur Chini and Dhampur Sugar declined by 3% and 2.3% to Rs 397 and Rs 246, respectively, compared with prices pr
Jefferies initiates coverage on BSE with Buy, says derivatives ramp up a key driver
In an interesting development, Jefferies has initiated its coverage on BSE with a Buy rating and a target price of Rs 2,700, indicating almost 24% upside from current levels. According to the brokerage, derivatives ramp up is key driver for recent earnings upgrades and stock performance, “BSE can leverage macro-tailwinds along with headway into der
DOMS Industries opens for subscription, GMP up 62%; should you subscribe to the issue?
DOMS Industries IPO: DOMS Industries IPO opens for public subscription today and will close on Friday, December 15, 2023. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 537.75 crore. The price band for its public issue at Rs 750-790 per equity share of face value Rs 10 each. At the […]
SoftBank sells shares worth USD 310 million in FirstCry
Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. “SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With this sale, SoftBank […]
Rupee rises 2 paise to 83.30 against US dollar in early trade
The rupee maintained its gaining momentum for the third straight day and appreciated by 2 paise to 83.30 against the US dollar in early trade on Thursday, tracking positive cues from equity markets and sustained foreign fund inflow. Forex traders said, crude oil prices hovering above USD 82 per barrel ahead of the crucial meeting […]
Govt took many pro-active steps to control prices of food items: Piyush Goyal
Food and Consumer Affairs Minister Piyush Goyal on Sunday noted that the Centre has taken many pro-active steps in last few years to control retail prices of food items and said the government will keep inflation under control while ensuring country’s economic growth. He was addressing an event, organised by the ministry here, to celebrate [&hellip
Microfinance arm may hit IPO market in next 12 months: Muthoot Finance MD
Belstar Microfinance, a subsidiary of Muthoot Finance is likely to launch an initial public offering in the next 12 months, Managing Director George Alexander Muthoot said. He tells Ajay Ramanathan that the company has requested the Reserve Bank of India (RBI) for a deposit license. Q. You recently launched business loans for MSMEs. What is [&helli
India Shelter Finance to launch Rs 1,200-crore IPO on Dec 13
Affordable housing finance company India Shelter Finance on Friday fixed a price band of Rs 469-493 a share for its Rs 1,200-crore initial public offering (IPO). The maiden public issue will open for subscription from December 13-15, and the anchor book will be open for one day of bidding on December 12, according to a […]