London on cusp of becoming biggest stock market in Europe, again
London’s stock market is poised to regain its position as Europe’s largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France’s $2.93 trillion. This shift is driven by a slide in France’s value amidst economic gloom […]
Popular Vehicles, Azad Engineering file draft IPO papers with Sebi
Popular Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Azad Engineering’s IPO includes a fresh issue of up to Rs 240 crore and an OFS of Rs 500 crore. Under the OFS, Rakesh Chopdar, Piramal Structured Credit Opportunities Fund and DMI […]
FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in Sep
The latest outflow came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
M-cap of five of top 10 most valued firms decline by Rs 62,586 cr; TCS, Infosys biggest laggards
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore. Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore. The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore […]
Updater Services IPO share allotment out. Here’s how you can check status
The company’s shares are expected to get listed on the exchanges on October 3. Updater Services is commanding a premium of Rs 0 in the unlisted market, which indicates the stock is expected to see a muted to flattish listing. The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at close.
TCS to consider interim dividend along with Q2 results on October 11, fixes record date
The dividend, if declared, will be paid to the equity shareholders of TCS whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on record date.Shares of TCS will likely trade ex-dividend on the day or a day before the […]
Not only a healthy wallet, Dr Devi Prasad Shetty’s tips for a healthy heart
Dr Devi Prasad Shetty, Chairman & MD of Narayana Health, advises restricting carbohydrate intake and becoming spiritual for a positive impact on health. He emphasizes the importance of preventive check-ups, especially for those engaging in extreme sports. Shetty suggests wearing a smartwatch and walking 8,000 to 10,000 steps per day. He also warns against prolonged […]
Losing shine? Investment demand for gold plummets to four-year lows
COMEX Gold prices saw a significant drop due to a surge in US treasury yields, resulting in the largest weekly loss in months. The US central bank indicated another rate hike before the end of the year and signaled fewer rate cuts for the following year. Strong economic data, including increased durable goods orders and […]