Five companies to launch IPOs worth over Rs 7,000 crore this week
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. “The money from one issue may not be available for the other; but except for that, the broader market may not see any effect,” said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
Gains for paint stocks seen capped despite oil boost
Crude oil prices, currently below $80 per barrel, impact around 40% of the raw material costs for paint companies as the cost of binders – a key input material – is linked to the prices of crude oil.
Govt, regulators plan to revive AT1 bond market, re-examine rule for valuation
Financial market authorities are examining a possible change in the way the securities are valued to stoke investor interest in the quasi-equity papers, better known as ‘additional tier-1’, or AT1 bonds, three persons familiar with the discussions told ET.
Uco Bank fiasco: Glitch first noticed in Jaipur, Jodhpur
Some customers in these cities earlier this month found that when they tried to transfer funds using the Immediate Payment Service (IMPS) from their IDFC First Bank savings accounts to Uco Bank, the amount got credited into the Uco Bank account without getting debited at IDFC First, according to the preliminary findings by Uco Bank.
Nifty set to gain further, bank index lacks strength: Analysts
In the short term, the index will be considered in a bullish zone if it stays above 19,500. Fresh momentum can be expected above 19,870.