At multi-year highs: IDFC among 11 stocks witnessing 5-year swing high breakout
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.
SoftBank’s arm files for IPO that is set to be 2023’s biggest
In a long-awaited regulatory filing Monday, Arm said the offering is being led by Barclays Plc, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mizuho Financial Group Inc. The document listed 24 other underwriters below that top tier — with Morgan Stanley notably absent.
Stocks in news: Adani Enterprises, Paytm, Union Bank, Adani Power, Tata Power
The Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.
Future Lifestyle resolution hits a bump over forensic auditor’s role
The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for one of the Biyani-promoted company before FLFL was […]
Crypto plunge gives Indian investors the jitters
In the past week, Bitcoin declined 11.5%, hitting $26,023.3, according to CoinGecko’s data as of 5.30 pm on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined nearly 16%.
MNC dividends pour post scrapping of distribution tax
In FY23, the dividend earned by foreign promoters and other overseas investors was nearly ₹1.24 lakh crore compared to ₹53,600 crore in FY20 or ₹53,500 crore in FY19.
FPIs trim government bond holdings on rising global rate concerns
In the fully accessible route (FAR) for government securities, the aggregate holding of foreign investors in their most favoured long-term bond has fallen by ₹1,192.6 crore over the past couple of months even as investment in other securities has remained broadly steady.
Jio Financial lists on D-St, falls 5% on expected passive fund selling
The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece. The company, which has multiple lines of business in finance, was spun off from Reliance Industries.
Shiva Pharma files IPO papers to raise up to Rs 900 crore
The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.