Vedanta to pay interim dividend of Rs 11/share
This is the second interim dividend announced by the company in the current financial year, with the first being ₹18.50/share in May.
BoE recognises CCIL as non-UK central counterparty
In an update on its website, the BoE said that the date of recognition for the CCIL was December 15, 2023, while listing out the classes of financial instruments that the local clearing house has been recognised to provide clearing services for in the UK. The BoE listed the home authority as the RBI, which […]
Local bond yields ease on US rate hints; RBI liquidity moves in focus
Since the US Federal Open Market Committee’s policy statement on December 13, yield on the 10-year benchmark Indian government bond has dropped by 10 basis points (bps) to close at 7.16% on Friday.
Promoter entities sell stake in Sapphire Foods
Sapphire Foods Mauritius divested 33.37 lakh shares, constituting 5.24% of the total equity capital, while Samara Capital Partners sold 4.49 lakh shares, equivalent to 0.71% of the total equity, at an average price of Rs 1,400 per share.
Azad Engineering is well-placed to take advantage of rising demand
Hyderabad-based Azad Engineering started operations in 2008 and it makes airfoil blades used in turbines for power generation to improve efficiency. Azad is the most recent entrant in the global supply chain which has not seen a new supplier for many years.
High valuations no bar to outperformance of top companies with momentum trading in vogue
In theory, when the price-to-earnings (PE) ratio – a popular valuation measure – of a stock or an index is above averages, the stock is considered richly valued and is considered to have limited upsides.
In a first, LIC plays anchor for Nabard’s infra bond sale
Investment documents seen by ET showed that LIC is the anchor investor for the ₹5,000-crore infrastructure bond sale by Nabard on December 20. Besides the base, the issuer also has a green shoe option of ₹5,000 crore. As anchor investor, LIC will take up 30%, or ₹1,500 crore, of the base size of Nabard’s bond […]