Gaja Alternative Asset shares list at 16% premium over IPO price on NSE, BSE
Gaja Alternative Asset Management shares made a strong debut on Wednesday, listing nearly 16% above the IPO price. The Rs 550-crore issue received robust demand during subscription, led by institutional and non-institutional investors, with the overall issue subscribed 31.33 times.
HEG demerger: What 1:1 restructuring mean for shareholders as company fixes record date?
On September 7, HEG will finalise its demerger, providing shareholders one share in the new entity for each existing share they hold. The graphite electrodes segment will transition to HEG Graphite, retaining the HEG name. Additionally, Bhilwara Energy will merge into HEG at a designated share issuance ratio, with leadership shifts commencing on September 1.
Sensex rises 300 points; Nifty above 24,350 as oil prices slide. What lies ahead?
On Wednesday, Indian stock markets rallied, buoyed by a decrease in oil prices and renewed optimism surrounding the reopening of the Strait of Hormuz, following a resumption of talks with Iran. Both the Sensex and Nifty indices showed positive momentum, with broader market metrics also trending upward, reflecting a hopeful sentiment among investors amid the […]
Groww shares fall 3% after Rs 2,500 crore block deal; Ribbit likely seller
Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Capital plans to sell a 1.6% stake through a block deal worth Rs 1,914 crore. The shares are being offered at Rs 195 apiece, a 4% discount to the previous close.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42. Both benchmarks had declined more than 3% on Tuesday.
Hindustan Copper OFS opens for retail investors today. Should you apply in the metals major’s offer?
The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15 am and 3.30 pm using the separate OFS window on NSE and BSE. A minimum of 10% of the offer size has been reserved for retail investors.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of three and five years. The arrangement is spearheaded by CTBC Bank from Taiwan and United Overseas Bank from Singapore, with significant contributions from the World Bank’s IFC. Additional banks are […]
Global Market Today: Asian stocks mixed ahead of Nvidia results, oil prices slide
Contracts for the Nasdaq 100 Index dropped 0.3%, and those for the S&P 500 Index edged 0.1% down. MSCI’s Asia Pacific equities gauge was little changed with benchmarks in Japan and South Korea fluctuating between gains and losses.
Rupee strengthens to 95.41 after oil cools
The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as oil prices retreated and the Reserve Bank of India sold dollars. The rupee closed at 95.41, trading between 95.40 and 95.75 during the session. Oil prices fell more than three percent, influenced by US sanctions on Iran. Domestic markets will be […]
Small- and midcaps shine as blue-chip stocks struggle for momentum
Mid- and small-cap stocks have continued to defy index-level inertia amid a rush in primary-market listings. The average advance-to-decline (A/D) ratio – a widely watched indicator of overall market health – in August is up for the fifth consecutive month, its longest winning streak in more than two and a half years, pointing to significant […]