US stock market: Wall Street falls while bond yields rise with gold
Crude prices rose modestly, extending sharp gains from the previous session due to supply disruption risks from Iraqi Kurdistan and hopes that banking sector weakness is contained. Crude prices rose more than $3 a barrel on Monday on supply concerns after export halts from Iraq’s Kurdistan region.
Avalon Tech’s Rs 865-crore IPO to open on April 3
The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of shares worth ₹545 crore by promoters and existing shareholders. The company will use the proceeds from the fresh issue for debt payment, working capital requirements, and general corporate purposes.
Strong vehicle demand to help M&M Finance grow AUM to Rs 81,000 cr
The tailwind and pent-up demand in the vehicle industry helped the business expansion while the company is also trying to diversify into other areas such as lending to small and medium enterprises and leasing.
FPI equity AUM at 15-month low amid falling returns
It contracted by more than a fifth from the peak of $686 billion seen at the beginning of 2022 amid diminishing index returns and rising redemption pressure. In comparison, India’s total market capitalization slipped to $3 trillion, the lowest since July 2022, a drop of 13% from the peak.
Adani shares slip, Group m-cap falls by Rs 49,400 cr
Shares of the conglomerate’s flagship entity Adani Enterprises declined 7% to close at ₹1,603, while Adani Port declined 5.2% to close at ₹596.4. ACC, Ambuja Cements, and NDTV fell 4% each. Adani Power, Adani Transmission, Adani Green, Adani Wilmar, and Adani Total Gas dropped 5% – the lowest tradable limit for the day. The group […]
Adani Group refutes report on pledged shares
As on March 27, 2023, the pledge positions of listed Adani Group companies in Adani Green stood at 3.5% as against 4.4% on December 31, 2022, according to the release. In Adani Ports, it was at 4.7% versus 17.3%, while in Adani Transmission, it was at 3.8% as against 6.6%. Such pledge positions in Adani […]
Sebi extends nomination deadline for MF investors
The communication shall provide guidance by which the unit holder(s)can provide nomination or opt out of nomination, the regulator mentioned in the circular released on March 28, 2023.