RITES shares rally over 12% as stock trades ex-dividend, ex-bonus
RITES Share Price: The company announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its eligible shareholders, while later announcing September 20 as the record date for both in August.
SD Retail IPO opens. Check issue size, price band, GMP and other details
SD Retail’s SME IPO opened for subscription today and will close on September 24. The company aims to raise Rs 65 crore through a fresh equity issue of 49.60 lakh shares, priced between Rs 124-131 each. The proceeds will fund new brand outlets, working capital, and general corporate purposes.
Phoenix Overseas IPO opens. Check issue size, price band, GMP and other details
Phoenix Overseas will launch its SME IPO today, aiming to raise Rs 36 crore. The IPO includes fresh equity shares and an offer for sale, with a price band of Rs 61-64 per share. The company is involved in trading and exporting agricultural products and manufacturing fashion accessories. The subscription period runs from September 20 […]
Cameron Brandt on implications of rate cut for Emerging Markets?
And though markets are certainly celebrating, from where I sit, a lot of the good news that this rate cut could cement, i.e. the much hoped for soft landing, is already baked into current prices and valuations. So, I would not be at all surprised to see this burst of enthusiasm fade fairly quickly.
Vodafone Idea shares tumble 24% in 2 days, slip below Rs 10 mark
Vodafone Idea shares have dropped 24% in two days, falling below Rs 10 due to the AGR ruling. The Supreme Court upheld the full AGR demand of Rs 70,320 crore. Despite this, Nomura upgraded the stock to ‘buy,’ while UBS suggested a fair value range of Rs 12 to Rs 24.
Northern Arc Capital IPO allotment expected soon: Check status, GMP, listing date and other details
Northern Arc is a diversified financial services platform established primarily to address the diverse retail credit needs of under-served households and businesses in India. Its business model spans various offerings, sectors, products, geographies, and borrower categories. As of March 2024, the company has facilitated over Rs 1.73 trillion in financing, reaching more than 10 crore […]
ETMarkets Smart Talk: Growth vs Value – Sonam Srivastava on navigating the next leg of the market rally
While a soft landing remains a possibility, the market’s performance will depend on how effectively central banks navigate interest rate adjustments and how global economies respond to challenges.
Why export-focused companies are poised for success? Venugopal Manghat answers
But IT is not the only part of the services exports that we are looking at. We are looking at all other segments outside IT as well, of which engineering, research, and development and the professional management consulting, those are segments that are also contributing significantly to the services exports from the country.
Reserve Bank lifted curbs on gold loan business, says IIFL Finance
The Reserve Bank of India has lifted the restrictions on IIFL Finance’s gold loan business, allowing the company to resume operations. The ban, imposed in March due to supervisory concerns, had led to a significant decline in IIFL’s gold loan book and profits. The company can now comply with all relevant laws and regulations.
S&P 500 hits record high buoyed by economic hopes: Markets wrap
Wall Street traders are optimistic about the Federal Reserve’s ability to achieve a soft landing, leading to a rally in riskier markets. The S&P 500 hit its 39th record high in 2024, with tech stocks leading gains. The Fed’s recent rate cut has bolstered hopes of avoiding a recession.