What changed for market while you were sleeping
The net long position of foreign portfolio investors increased from Rs 3,209 crore on Friday to Rs 5,603 crore on Monday.
Muthoot Fincorp plans NCD issue to raise Rs 400 crore
“The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved by our Board of Directors or a duly constituted committee thereof of the Company, and subject to relevant approvals,” the non-banking […]
Hero MotoCorp set to invest Rs 550 crore in Ather Energy
The firm was last valued at dollar 739 million during a dollar 50 million fundraise in October last year, per Tracxn. Media reports suggested that the firm was set to raise a further dollar 250-million at a dollar 1.3 billion valuation this year, but shelved the plans amid the broader tech funding winter and a […]
Kotak Bank backs its own for the top job; RBI call in focus
Uday Kotak’s sudden resignation on Saturday took the investor community by surprise. Kotak Mahindra Bank, with a market cap of `3.51 lakh crore, is currently the fourth-largest lender in the country. In his resignation letter to chairman Prakash Apte, Uday Kotak revealed that he had contemplated this decision and chose to step down four months […]
Cement stocks rally as producers raise September prices by 3-10%
Shares of UltraTech Cement, ACC, Ambuja Cements, Shree Cements, Dalmia Bharat, Gujarat Ambuja Exports, Birla Corp, Ramco Cements, Nuvoco Vistas, ACC and Ambuja Cements ended 2-9% higher on the NSE.
Credit ratings need to get personal, scores don’t reflect full picture
Advancement in technology has raised the ability of credit data companies to access information about bank customers enhancing the dependability of the data, but it leaves out vital portions of an individual’s financial life that would make a difference to his cost of borrowing.
Nifty could gain 1,000 points in one month: JM Financial
The brokerage said PNB Bank, Hindalco, LTI Mindtree, GAIL and ONGC are the ‘thrust’ stocks, while Reliance Industries and ITC are the ‘bargain’ picks.
Investable value stock universe is shrinking: ICICI Securities
The proportion of ‘investable value stocks’ has dropped sharply from 17% at the beginning of the year to 10%, according to ICICI Securities. Most of the stocks that fulfil the criteria are stocks in financials, ‘fossil fuel energy’ and other materials.