Yes Bank moves SC seeking review of order on writing off of Rs 8,415 cr AT-1 bonds
Yes Bank has filed a petition with the Supreme Court to review an order from October 15. This order upheld a Bombay High Court ruling that quashed the bank’s decision to write off AT-1 bonds. These bonds, worth Rs 8,415 crore, were questioned during Yes Bank’s financial difficulties. The high court ruled that the bank’s […]
Softbank continues to offload Indian equities, sells Meesho shares worth Rs 1,885 cr. Which other stocks did it sell this year?
SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC sold 7.64 crore shares of Bengaluru-based Meesho at an average price of Rs 246.75 apiece on Friday, according to block deal data on the National Stock Exchange (NSE). This takes the total value of the deal to a little over Rs 1,885 crore.
Mahanadi Coalfields files RHP for proposed IPO worth nearly Rs 9,500 crore
Mahanadi Coalfields Ltd has filed its Red Herring Prospectus for an initial public offering with regulatory bodies. This IPO features an offer for sale of roughly 66.18 crore equity shares from Coal India, amounting to a 10 percent stake in the subsidiary MCL. The intended capital raise is around Rs 9,500 crore, with the final […]
Bitcoin near $67,000: Stronger dollar, Fed tightening fears and ETF outflows weigh on crypto markets
In the past 24 hours, Bitcoin and Ethereum were down 1% and 0.3% respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin, and Cardano corrected upto 3.6% whereas Tron was up 0.5%.
Dalal Street Week Ahead: Can Nifty bulls overcome key resistance levels?
The Nifty’s current technical structure remains positive. Although a sharp rebound from the vicinity of the 200-week moving average has significantly improved the near-term technical setup, the Index is near its overhead resistance area.
Jefferies’ Chris Wood sees fresh US-Iran tensions as biggest risk to India, sees this sector as the best hedge
In his latest GREED & Fear report, Chris Wood said that the AI thematic investment standpoint has peaked, leading to a growing desire to look at non-artificial intelligence trades on the part of portfolio managers. But in emerging markets, the obvious market to benefit from the reverse AI trade has been India, most particularly with […]
Sammaan Capital Q2 Results: Net profit rises to Rs 312 crore, AUM up 5% QoQ to Rs 59,188 crore
Sequentially, the company’s net profit increased over 28% quarter on quarter from Rs 243 crore reported in the first quarter of FY27. The non banking financial company’s assets under management (AUM) meanwhile increased over 5% QoQ to Rs 59,188 crore as at the end of the September quarter, from Rs 56,239 crore at the end […]
Binance targets full reopening of withdrawals by next week
Binance is set to restore withdrawals across all networks and assets by the end of next week. This decision comes after recovering 95% of the $6.3 billion lost in the October hack, which the FBI attributes to North Korean actors, though the nation denies any involvement. Binance pledges to fully reimburse affected clients as operations […]
MTAR Technologies and Natco Pharma among top 5 smallcap stocks that saw highest mutual fund buying in October
These top 5 small cap stocks that witnessed highest net buying by mutual funds in October. Here is a detailed breakup, according to a report by Motilal Oswal Financial Services.
Base metals lose momentum amid strong dollar and demand concerns
One of the key reasons behind the weakness in base metals is the strength of the US dollar. The Dollar Index (DXY) has climbed to the 103-104 range, supported by resilient US economic data, elevated Treasury yields, and expectations that the Federal Reserve may keep interest rates relatively restrictive for longer.