Amid onion farmers’ protest in Maharasthra against ban on exports, the Centre on Monday said it will procure about 2 Lakh Tonne (LT) of the kharif crop for its buffer stock from all mandis to protect their interest. The procurement will ensure domestic wholesale rates remain stable and do not fall sharply because of the […]
Four new IPOs including Tata Tech open this week; Find out all subscription details and the hits and miss
The market witnessed a rainfall of IPOs with the introduction of four new offerings available for investor subscription. Seizing the opportunities eagerly, investors embraced these openings, resulting in oversubscription for the majority of these public issues. Here’s a comprehensive overview of each of the IPOs and their subscription details; Tata
Triple IPO Bonanza: Flair Writing, Gandhar Oil Refinery, Fedbank Financial Services open for public subscription; Check key details
While the market buzz intensifies around the Tata Tech IPO, three other major mainline IPOs— Flair Writing, Gandhar Oil Refinery and Fedbank Financial Services have concurrently opened for public subscription today. From the price band to GMP, here’s everything you need to know about them; Flair Writing IPO Flair Writing IPO opens for subscription
Edible oil imports hit a record 16.5 MT in 2022-23
India’s import of edible oils – palm, soybean and sunflower – rose 17% on year to a record 16.47 million tonne (MT) in the 2022-23 oil year (November-October) helped by lower import tariffs, according to the trade body Solvent Extractors Association of India (SEA). The volume of imports of these cooking oils had seen a […]
We will look into it if disclosures on IPO valuation are meaningless, says Sebi chief
Amid concerns in some quarters over the exorbitant valuation of certain initial public offerings, Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless. The comments have come amid a slew of share sales hitting the capital market recently. Last week, five compa
Global Markets: Asia stocks steady ahead of inflation tests, OPEC+ meeting
Asian shares got off to a hesitant start on Monday ahead of potentially market-moving inflation data from the United States and Europe later in the week, and a meeting of oil producers that could stop, or extend, the recent slide in prices. The approach of month end could also cause some caution given the hefty […]
India’s tea production rises by 12.06 per cent to 182.84 million kg in October
Tea production in the country increased by 12.06 per cent to 182.84 million kg in October this year as compared to 163.15 million kg in the corresponding month last year. According to Tea Board data, production of the crop in West Bengal rose to 54.98 million kg in October, as against 49.75 million kg in […]
Jefferies Maintains ‘Buy’ recommendation on ITC, sees 17% upside
Jefferies has reaffirmed its positive stance on ITC, maintaining a ‘Buy’ rating with the potential upside of 17%, setting a target price of Rs 530 per share, emphasizing the company’s potential for growth in the future. According to jefferies report, ITC’s strategic focus on becoming future-ready through enhanced agility, innovation, strategic inve
Mcap of four of top-10 most valued firms decline by Rs 23,417 cr; Infosys, TCS biggest laggards
The combined market valuation of four of the top-10 most valued firms fell by Rs 23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark advanced 540.9 points or 0.84 per cent. While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced […]
Mcap of three of 10 most valued firms jump Rs 70,312.7 crore; Reliance biggest winner
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Sta