Antfin Singapore to sell Zomato shares worth $408 million via block deal: Report
Antfin currently holds 4.3% stake in the food delivery platform. At the floor price, the shares will be available for sale at a discount of 4.6% over Monday’s closing price of Rs 263.24 on the NSE. Zomato’s shares rose 6% intraday following UBS’s target price hike. The company posted a substantial increase in profit and […]
How Caplin Point, Godfrey Phillips & Voltas look on charts for next session
Indian markets closed flat with a negative bias on Monday tracking mixed cues.The S&P BSE Sensex index was down 12 points while the Nifty50 rose 31 points to close at 24,572.
Vedanta estimated to have raised Rs 3,200 cr from HZL OFS
Vedanta will utilise the proceeds generated from the OFS for deleveraging its balance sheet and investment in its growth projects. This, coupled with the Rs 8,500 crore qualified institutional placement, will help bring down debt at the company as well as at the group level.
Around 39% equity MFs outperform respective benchmarks in July 2024. Smallcaps draw a blank: Report
A Prabhudas Lilladher (PL) study revealed that 78% of value, contra, and dividend yield funds outperformed their benchmark, the NIFTY 500 – TRI. Specifically, 25 out of 32 schemes surpassed the index. In the largecap mutual fund category, 58% schemes outperformed the S&P BSE 100 – TRI, with 18 out of 31 active large-cap funds […]
Private sector investments to get get a boost on pickup in rural demand: RBI
Rural saving is also on the rise as evident in rising number and outstanding amounts of savings bank accounts, the study said The study noted that the receding of inflation pressures appear to be the most important metric in rural spending resurgence, driving a catch-up with urban consumption volumes.
Tech View: Nifty charts signal more consolidation ahead. Here’s how to trade on Tuesday
The short-term trend for Nifty remains positive. Currently positioned at the key resistance level around 24,700, there may be some consolidation or a minor dip over the next 1-2 sessions before it potentially breaks out further to the upside.
Rupee ends higher following choppy price action, Asia FX rally helps
The rupee saw choppy price action during the day as importers’ dollar bids pulled it off its fortnightly peak before it rose again towards the end of the session.
TruAlt Bioenergy files IPO papers; aims to raise Rs 750 crore via fresh issue
Out of the proceeds from the fresh issuance, Rs 425 crore will be utilised for funding working capital requirements, Rs 172.68 crore for setting up multi-feed stock operations, besides, a portion will be used for general corporate purposes.
Caplin Point shares jump 15%, hit 52 week high. Here’s why
The Brazilian Health Regulatory Agency (Anvisa) recently inspected Caplin Steriles’ injectable and ophthalmic manufacturing facility in Gummidipoondi from August 12 to 16. The inspection concluded successfully with zero observations.
Paytm could achieve profitability by 2027, upside lies in getting acquired by a bank or a corporate house: Bernstein
If Paytm goes solo, the company will need three major tailwinds to drive profitability faster, according to Bernstein. First, it will need a rapid scale-up of secured lending products, something that it has started offering now. Second, if it gets an 8-10 basis point share of the merchant discount rate on UPI payments above Rs […]