F&O stocks to buy today: ONGC, Biocon among top 8 trading ideas
The Indian market is likely to consolidate on Wednesday following mixed global cues. The Nifty future closed negative with losses of 0.28% at 22436 levels on Tuesday.
Big movers on D-Street: What should investors do with IIFL Finance, Bajaj Auto and Network18?
Stocks that were in focus included names like IIFL Finance, which fell 20%, Bajaj Auto, which rose 1.74%, and Tata Steel, whose shares declined 5% on Tuesday.
We will continue to grow in Bangalore & 3 other cities: Aravind Maiya, Embassy REIT
Embassy REIT anticipates strong growth in commercial real estate in India, with a focus on cities like Bangalore and plans to enter Chennai. They expect NOI to exceed Rs 3,000 crore in FY24 and have seen positive demand from global capitals for office space. Plus, they are constructing close to 7 million square feet in […]
Bitcoin soars to record high, then tumbles
The world’s largest cryptocurrency hit a high of $69,202, topping November 2021’s all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 7% at $63,400.
Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide
Tuesday’s economic data was a mixed bag showing slower U.S. services industry growth in February as employment declined while a measure of new orders grew to a six-month high, signaling underlying strength in the sector.
Alok Industries raises Rs 7000 cr from RIL, two banks
Alok Industries has raised Rs 7,000 crore from parent Reliance Industries, Axis Bank, and State Bank of India. The textile manufacturer secured Rs 3,700 crore in term loans and working capital loans from banks and received Rs 3,300 crore from Reliance Industries in the form of non-convertible cumulative redeemable preference shares.
Pre-IPO party: Tiger Pacific Capital latest to pour into Bira 91 Keg
Tiger Pacific Capital acquires 4% of B9 Beverages for $25 million, strengthening its capital base. The acquisition includes strategic partners and blue chip financial sponsors across geographies. Ankur Jain plans to raise $50 million for pre-IPO companies and listed securities.
Sebi likely to issue order on JM Financial
An email sent to Sebi didn’t elicit any response. In response to an email query from ET, a JM Financial spokesperson said, “Sebi has sought some information as part of fact-gathering exercise. We would like to categorically refute our alleged role in inflation of IPO subscription numbers.”
Dalal Street cheers Tata Motors double role
Motilal Oswal Financial, while downgrading its ratings on Tata Motors to ‘neutral’ from ‘buy’ with a target price of ₹1,000, said the current price has factored in all triggers.
RBI slaps restrictions on JM Financial Products
The RBI statement directed JM Financial Products to “cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against Initial Public Offering (IPO) of shares as well as against subscription to debentures.” JM Financial have strongly denied claims of lapses and violation made […]