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Money Max Finserve is a one-stop personal finance service provider for individuals and corporate. We are in business of distrution, executing and managing portfolio within carefully designed process framework in order to earn income and save money for our customers. Our commitment is to help our Customers to step towards achieving all their financial goals and to help simplify their life. The company has strong leadership team with a history of entrepreneurial and management success. ... Read More

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Credit Suisse Crisis: A lot of swashbuckling, scandals & bad strategies later...

2023-03-20T20:30:03+05:30

Growth, funding challenges for Asia not as severe as the US: Morgan Stanley

Morgan Stanley’s view comes in the wake of the overnight collapse of Silicon Valley Bank and its ripple effects on the entire banking system, followed by the crisis at Credit Suisse and its takeover by UBS.
2023-03-20T20:27:43+05:30

Foreign investor Berry Creek sells entire stake in PVR via block deal; 2 domestic MFs buy

PVR is majority owned by the public with 72.5% stake, while promoters own 27.46%. The multiplex chain is one among the companies with highest foreign shareholding at 30%. Mutual funds, meanwhile, have about 20.73% stake in the company.
2023-03-20T20:13:47+05:30

Will the Fed pause on rate hikes?

2023-03-20T19:51:44+05:30

US stocks hold steady after weekend's big bank deal; Dow Jones up 335 points

The S&P 500 was 0.4% higher in early trading. Much of the attention was still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades.
2023-03-20T19:29:50+05:30

Market Watch: Sensex ends in red, Nifty below 17,000; Factors behind market drop

2023-03-20T19:19:34+05:30

Adani group says Rs 34,900 cr petrochem project to start after securing financial closure

The conglomerate, hit by allegations around corporate misgovernance, said it has decided to put on hold the major equipment procurement and site construction activities for the project as the financial closure is pending with various institutions.
2023-03-20T19:03:31+05:30

​Trading Guide: Kalyan Jewellers, AGI Greenpac among 7 stock recommendations for Tuesday

2023-03-20T18:47:22+05:30

​Top 7 PSBs with highest net interest margins (NIMs) as of Q3FY23​

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2023-03-20T18:42:17+05:30

Oil hits lowest since 2021 on banking fears

Brent and WTI earlier fell by about $3, hitting lows last registered in December 2021, with WTI sinking below $65 a barrel. Both benchmarks shed more than 10% of their value last week as the banking crisis deepened.
2023-03-20T18:27:42+05:30

Gold rallies Rs 1,400 to touch life-time high; silver zooms Rs 1,860

In the overseas markets, both gold and silver were trading higher at USD 2,005 per ounce and USD 22.55 per ounce, respectively.
2023-03-20T17:36:25+05:30

Rupee falls 4 paise to 82.63 against US dollar

At the interbank foreign exchange, the domestic unit opened stronger at 82.48 against the dollar. During intra-day, it went as high as 82.45 and hit the lowest level of 82.71. It finally settled at 82.63 (provisional) against the American currency, registering a fall of 4 paise against its previous close.
2023-03-20T17:32:16+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Geekay Wires, Shrem InvIT, SP Refractories Ltd., Annapurna Swadisht Ltd. and Stampede Cap, hit their fresh 52-week highs during the day.
2023-03-20T17:22:57+05:30

​Margin Trading: 8 stock ideas for gains of up to 17%​

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2023-03-20T17:20:40+05:30

Bitcoin climbs to 9-month high as bank turmoil sparks rally

The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes.
2023-03-20T17:19:29+05:30

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:17:48+05:30

​Foreign investors cash out via block deals worth Rs 35K cr in last 6 months.​

In the last six months foreign investors have rushed to book profits via secondary share sales.
2023-03-20T17:13:03+05:30

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:12:41+05:30

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:07:26+05:30

Tech View: Nifty forms a hammer pattern on daily charts. What traders should do on Tuesday

Now, it has to cross and hold above 17,071 zones to witness a bounce towards 17,171 and 17,250 zones, while on the downside supports are seen at 16,850 and 16,800 levels, said Chandan Taparia of Motilal Oswal.
2023-03-20T17:07:01+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 111.65 points down at 16988.4
2023-03-20T17:02:20+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 111.65 points down at 16988.4
2023-03-20T16:52:03+05:30

Four pockets where this fund manager sees growth at sensible prices

The markets have been adjusting to a normal world versus how the market used to be earlier in terms of looking at extremely low interest rates as a base case forever. This has hit global demand as well as the growth outlook for Indian companies. In the last two to three quarters, earnings have been fairly muted in India. Today, we are in midst of bad news which in a way is now starting to give attractive prices for Indian equities.
2023-03-20T16:51:34+05:30

Stock market update: Nifty Auto index falls 0.93%

The Nifty Auto index closed 0.93 per cent down at 12131.7.
2023-03-20T16:46:50+05:30

Optimise benefits from tax loss harvesting by avoiding these common mistakes

Investors with large equity or mutual fund portfolios can pay low or no tax or set-off their losses by tax harvesting or tax-loss harvesting.
2023-03-20T16:45:37+05:30

Gainers and Losers: Shipping Corp, RVNL among 5 stocks in limelight today

Tracking weak global sentiments amid continuing global banking crisis, Indian indices in Monday’s trade ended lower.
2023-03-20T16:44:16+05:30

Sensex falls! These stocks fell 5% or more in Monday's session

In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.
2023-03-20T16:41:44+05:30

Stock market update: Nifty Bank index falls 0.6%

The Nifty Bank index closed 0.6 per cent down at 39361.95.
2023-03-20T16:36:31+05:30

75% loss in 8 days! Credit Suisse stock rout more severe than Adani crisis

On the other hand, since the release of the Hindenburg report on January 25 Adani Group stocks have lost around 52% of their combined market value. In less than two months, Adani stocks have lost around Rs 10 lakh crore of its market value.
2023-03-20T16:35:01+05:30

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Bajaj Finserv, Adani Ent., Bajaj Finance, Hindalco and Wipro were among the top losers on NSE in today's trade.
2023-03-20T16:31:26+05:30

Don’t buy houses depending on rate cycle; buy when you find right property at right price: Adhil Shetty

The trend in the housing market is that people are buying homes to get the capital gains benefit which is getting capped next year. There has been no decrease in demand as of January, but if rates continue to increase, the slowdown will start to come in. There is still demand in terms of home loans, but it is not advisable to go for it now. Rates will go up and down, and when it goes up, the tenure will automatically increase.
2023-03-20T16:31:00+05:30

Stock market update: Nifty Pharma index falls 0.11%

The Nifty Pharma index closed 0.11 per cent down at 11663.3.
2023-03-20T16:26:18+05:30

Infosys, Sun Pharma among 10 stocks with highest bullishness in bearish market

2023-03-20T16:25:23+05:30

Stock market update: Nifty IT index falls 1.43%

The Nifty IT index closed 1.43 per cent down at 28442.95.
2023-03-20T16:20:58+05:30

Sensex rebounds 554 pts from day’s low but ends in red; Nifty below 17,000

Dragged by banking, financial and IT stocks, the 30-share BSE benchmark Sensex declined 361 points or 0.62% to settle at 57.629. Sector-wise, Nifty Metal fell 2.35% and Nifty IT declined 1.43%.
2023-03-20T16:18:23+05:30

Stock market update: Nifty Realty index falls 1.0%

The Nifty Realty index closed 1.0 per cent down at 395.0.
2023-03-20T16:10:37+05:30

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T16:05:26+05:30

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T16:00:09+05:30

Reliance shares hit fresh 52-week low: Key reasons behind freefall explained

2023-03-20T15:52:14+05:30

Sensex recoups 554-points loss, ends 361 points lower; Nifty tad below 17,000

2023-03-20T15:45:14+05:30

Be it GFC or Covid crisis, India has emerged as anti-fragile and come out much stronger: Sumit Poddar

Global sentiments continue to be soft. In such a scenario, it is better to focus on the domestic sectors. Manufacturing or capital goods sectors are likely to see a much better situation as compared to global exports. Within that, in order to save the portfolio, maybe in order to be defensive, FMCG continues to look better from a medium-term perspective.
2023-03-20T15:34:16+05:30

Indian bond yields dip tracking U.S. peers; Fed meet eyed

The Indian government bond yields were marginally lower on Monday, mirroring U.S. peers, while the rescue of a European lender and dipping odds of a rate hike by the Federal Reserve this week further aided sentiment. The 10-year benchmark 7.26% 2032 bond yield was at 7.3361% as of 10:00 a.m. IST, after closing at 7.3511% on Friday. The yield fell eight basis points last week, its biggest drop in six
2023-03-20T15:30:36+05:30

Tale of two banks: How UBS & Credit Suisse stack up

Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
2023-03-20T15:13:05+05:30

Rameshchandra Mansukhani on Man Industries' Rs 13,000-cr order from MENA & domestic demand

The Chairman of Man Industries, Rameshchandra Mansukhani, has announced that the company has won a Rs 1,300-crore order from the Middle East. This order includes value added products, along with the coating and a lot of other treatments. The order has to be completed in 6-7 months after May. The company has Rs 18,000 crore bid position, so if it does not perform, its India name is not there and it cannot get the Rs 18
2023-03-20T15:01:31+05:30

MCX gold prices hit all-time high of Rs 60,000; key factors driving the rise explained

2023-03-20T14:44:43+05:30

Sarita Pansari’s 2 top stock ideas at this point of time

BPCL is a good buy at current levels, but investors should be cautious as the market is volatile. The stock is also a good bet because it is a derivative of crude oil prices. Today, I have picked up LIC due to its good risk reward ratio. Pansari further says, the current market price of LIC is Rs 576 and targets for LIC are Rs 600 and Rs 615 with a stop loss of Rs 565.
2023-03-20T14:36:50+05:30

2 high dividend yield PSU stocks to trade ex-dividend on Tuesday

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date.
2023-03-20T14:34:45+05:30

Supreme Court asks SEBI to refund Rs 300 crore to NSE

In 2019, SEBI passed a series of orders against the NSE and its former chief executives, Chitra Ramkrishna and Ravi Narain, alleging that the exchange did not exercise due diligence while setting a network that allowed high-frequency traders unfair access to some network servers at the exchange.
2023-03-20T14:27:54+05:30

UBS takeover of Credit Suisse: the main points

"Its fate is therefore not only decisive for Switzerland, for our companies, for private clients, for its own employees, but also for the stability of the entire financial system," Swiss President Alain Berset said in unveiling the deal.
2023-03-20T14:19:16+05:30
SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30

Udayshivakumar Infra IPO subscribed 18% so far on Day 1 as GMP rises

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30

Global Surfaces IPO share allotment expected today. How to check status

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30

Udayshivakumar Infra IPO opens for subscription. Should you bid?

The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30

Govt approves listing of state-owned IREDA by selling part stake

DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30

Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30

Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30

White label ATM provider India1 Payments defers IPO plans

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30

Global Surfaces IPO subscribed 12.21 times on Day 3

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30

Divgi TorqTransfer lists at 5.1% premium

The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30

Global Surfaces IPO fully subscribed on Day 2

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30

SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30

Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?

The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30

Global Surfaces IPO: Check subscription status, GMP and other details

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30

Global Surfaces IPO opens. Should you subscribe to the issue?

Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30

Global Surfaces among 5 IPOs that will open for subscription this week

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30

Global Surfaces IPO: 10 things you must know before investing

Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30

Tata Technologies IPO: 10 things to know about the public offer

The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30

Tata Technologies IPO: What it means for Tata Motors investors and key details you need to know

2023-03-10T18:28:43+05:30

Flipkart not averse to Dalal Street IPO

The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on Wall Street
2023-03-10T15:53:09+05:30

Tata Technologies IPO: What it means for Tata Motors investors

Under the IPO, Tata Motors intends to sell 81,133,706 shares of its subsidiary. Two other shareholders - Alpha TC Holdings and Tata Capital Growth Fund I - of the company are also selling shares in the offer.
2023-03-10T13:43:51+05:30

Tata Technologies files IPO papers with Sebi

The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.
2023-03-10T09:24:31+05:30

Global Surfaces IPO to open next week. Check price band and other details

The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
2023-03-09T14:23:49+05:30

Byju’s is said to seek $250 million in Aakash pre-IPO funding

Aakash Educational Services will issue convertible notes that will convert into equity at a discount of 20% to the listing price of the unit’s planned initial public offering
2023-03-09T10:16:19+05:30

Divgi TorqTransfer IPO allotment today. How to check status

The part reserved for retail investors was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively. The shares are expected to be listed on the exchanges on March 14.
2023-03-08T13:25:27+05:30

SoftBank's arm aims to raise at least $8 billion in US IPO, say sources

The preparations for the IPO are expected to be kick-started in the U.S. in the coming days, the sources said. The valuation range has not yet been finalized but Cambridge, England-based Arm is hoping to be valued at more than $50 billion during its share sale, the sources said
2023-03-06T19:11:14+05:30

Nova Agritech files DRHP to raise funds via IPO

According to the draft papers, the issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao
2023-03-06T17:18:32+05:30

Airox Technologies scraps IPO plans; withdraws IPO paper

However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday
2023-03-06T16:19:46+05:30

Divgi Torqtransfer Systems' IPO subscribed 5.44 times

The portion reserved for retail investors was subscribed 4.31 times, while the category for non-institutional investors (NIIs), including high-net-worth individuals, was subscribed 1.4 times. The qualified institutional buyers' segment saw bidding for 7.83 times the shares set aside to them.
2023-03-04T06:59:45+05:30

Divgi TorqTransfer IPO subscribed 5.44 times on Day 3; GMP rises

The retail portion was subscribed 4.31 times, while non-institutional investors (NIIs) made bids 1.4 times more than the reserved bit. Qualified Institutional Buyers (QIBs), who largely stayed on the sidelines for two days, came to the party on the last day making bids 7.83 times more than the allotted part.
2023-03-03T13:28:04+05:30

Divgi TorqTransfer IPO Day 2: Retail portion fully subscribed. Check GMP, other details

Qualified institutional buyers, who stayed on the sidelines for most part on Day 2, started bidding towards fag end of the day and the part reserved for them was subscribed 6%. Tomorrow is the last day for subscription to the public issue.
2023-03-02T13:39:57+05:30

Divgi TorqTransfer IPO: GMP indicates potential listing gains. Should you subscribe?

Most analysts say the public offer is decently valued and have recommended investors to subscribe to the issue. They say Divgi Torq is one of the few players in the country that has the ability to develop and supply system level transfer cases and is the only company to make torque couplers.
2023-03-02T09:01:13+05:30

Divgi TorqTransfer IPO subscribed 10% so far on Day 1. Check GMP & other details

Ahead of the IPO, Divgi has raised Rs 185 crore from anchor investors, in which several mutual funds like ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund among others have participated.
2023-03-01T14:23:28+05:30

Nandan Nilekani-backed Divgi TorqTransfer IPO opens. Should you subscribe?

The Divgi TorqTransfer IPO consists of fresh equity issue worth Rs 180 crore and an offer for sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
2023-03-01T10:00:00+05:30

What makes Divgi IPO suitable for investors with high risk appetite

Divgi TorqTransfer Systems plans to raise up to Rs 412 crore through an initial public offer. Of this, Rs 180 crore would be through a fresh issue of shares mainly for expansion plans while the balance is an offer for sale by investors and promoters
2023-02-28T19:31:30+05:30

IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO

IRM Energy’s IPO is a complete fresh issue of up to 10,100,000 equity shares with a face value of Rs 10 per equity share. Meanwhile, Lohia Corp’s public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by existing shareholders with a face value of Re 1 per unit
2023-02-28T15:03:27+05:30

FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs

Going by the draft papers, staffing firm FirstMeridian Business Services Ltd's Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
2023-02-28T13:00:01+05:30

Divgi TorqTransfer fixes price band for public issue

The IPO includes a fresh issue of ₹180 crore and an offer for the sale of up to 3.93 million equity shares. The company intends to meet capital expenditure requirements for the purchase of equipment and machinery from the net proceeds of the fresh issue.
2023-02-28T06:35:15+05:30

Fabindia scraps $482 million IPO amid uncertain market conditions

The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.
2023-02-27T16:05:05+05:30

Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO

The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani's firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
2023-02-27T15:23:33+05:30

IPO drought to end in March with nine companies seeking to raise over Rs 17,000 crore

January and February did not see any public issues. The high-profile ₹20,000-crore follow-on public offering of Adani Enterprises was called off after a rout in its share price following a Hindenburg report accusing the conglomerate of stock price 'manipulation' and accounting 'fraud'.
2023-02-27T05:56:56+05:30

Divgi TorqTransfer Systems IPO opens on March 1. Check details here

The shares are expected to get listed on the exchanges on March 14. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.The issue comprises fresh issue of Rs 180 crore and an offer-for-sale of up to 39,34,243 equity shares by promoters and other selling shareholders
2023-02-24T21:50:51+05:30

Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unit

Companies from the Middle East raised some $21.9 billion through IPOs in 2022, more than half the total for the wider EMEA region, which also includes Europe and Africa, according to Dealogic data.
2023-02-23T12:29:19+05:30

Rishabh Instruments gets Sebi nod to float IPO

The company had filed preliminary IPO papers with Sebi in December last year. The issue consists of a fresh issue of equity shares worth up to Rs 75 crore and an offer-for-sale (OFS) of up to 9,417,500 equity shares by promoter and selling shareholders
2023-02-21T16:11:39+05:30

Macfos IPO gets strong response, subscribed 112 times on last day. Check GMP and other details

The company said the objects of the offer are to achieve the benefits of listing. Further, the listing will enhance its goodwill and provide liquidity to the existing shareholders. The company expects that the proposed listing will also provide a public market for the shares in India.
2023-02-21T13:30:21+05:30

Jeweller Joyalukkas withdraws Rs 2,300 crore-IPO

The reason for the withdrawal was not immediately clear. Joyalukkas did not immediately respond to Reuters' request for comment. The jeweller, based in the southern Indian state of Kerala, operates showrooms across roughly 68 cities and is one of the biggest jewellery retailers in the country.
2023-02-21T13:01:35+05:30

Crayons Advertising files DRHP with NSE Emerge for IPO

Recently, the company announced that it won marquee mandates, including Tata Sons, National Skill Development Corporation, Indian Oil, TATA Croma, and Bank of Baroda. The mandate of the National Skill Development Corporation is to transform the brand notion and strengthen the connection with youth.
2023-02-20T12:58:38+05:30
Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game
Fri, 17 Mar 2023 12:33:47 +0530

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the most interesting articles of the day will help you stay at the top of your game
Fri, 17 Mar 2023 12:33:47 +0530

Centre plans spot insurance to cover rising number of uninsured vehicles: Report

The Centre is reportedly planning a mechanism that will provide mandatory third-party insurance cover for motor vehicle owners at the first instance when their uninsured vehicles are impounded by traffic police or transport department officials.
Tue, 28 Feb 2023 08:23:58 +0530

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.
Sun, 26 Feb 2023 07:33:19 +0530

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.
Sun, 26 Feb 2023 07:33:19 +0530

A health insurance policy that locks your premiums till you make a claim

Niva Bupa launches a health policy that allows you to carry forward your unutilised sum assured and locks your premium at the age you buy the policy
Fri, 24 Feb 2023 10:51:12 +0530

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.
Wed, 08 Feb 2023 06:02:09 +0530
Credit Suisse Crisis: A lot of swashbuckling, scandals & bad strategies later...

2023-03-20T20:30:03+05:30

Growth, funding challenges for Asia not as severe as the US: Morgan Stanley

Morgan Stanley’s view comes in the wake of the overnight collapse of Silicon Valley Bank and its ripple effects on the entire banking system, followed by the crisis at Credit Suisse and its takeover by UBS.
2023-03-20T20:27:43+05:30

Foreign investor Berry Creek sells entire stake in PVR via block deal; 2 domestic MFs buy

PVR is majority owned by the public with 72.5% stake, while promoters own 27.46%. The multiplex chain is one among the companies with highest foreign shareholding at 30%. Mutual funds, meanwhile, have about 20.73% stake in the company.
2023-03-20T20:13:47+05:30

Will the Fed pause on rate hikes?

2023-03-20T19:51:44+05:30

US stocks hold steady after weekend's big bank deal; Dow Jones up 335 points

The S&P 500 was 0.4% higher in early trading. Much of the attention was still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades.
2023-03-20T19:29:50+05:30

Market Watch: Sensex ends in red, Nifty below 17,000; Factors behind market drop

2023-03-20T19:19:34+05:30

Adani group says Rs 34,900 cr petrochem project to start after securing financial closure

The conglomerate, hit by allegations around corporate misgovernance, said it has decided to put on hold the major equipment procurement and site construction activities for the project as the financial closure is pending with various institutions.
2023-03-20T19:03:31+05:30

​Trading Guide: Kalyan Jewellers, AGI Greenpac among 7 stock recommendations for Tuesday

2023-03-20T18:47:22+05:30

​Top 7 PSBs with highest net interest margins (NIMs) as of Q3FY23​

>> For more such web stories click on the ET icon below
2023-03-20T18:42:17+05:30

Oil hits lowest since 2021 on banking fears

Brent and WTI earlier fell by about $3, hitting lows last registered in December 2021, with WTI sinking below $65 a barrel. Both benchmarks shed more than 10% of their value last week as the banking crisis deepened.
2023-03-20T18:27:42+05:30

Gold rallies Rs 1,400 to touch life-time high; silver zooms Rs 1,860

In the overseas markets, both gold and silver were trading higher at USD 2,005 per ounce and USD 22.55 per ounce, respectively.
2023-03-20T17:36:25+05:30

Rupee falls 4 paise to 82.63 against US dollar

At the interbank foreign exchange, the domestic unit opened stronger at 82.48 against the dollar. During intra-day, it went as high as 82.45 and hit the lowest level of 82.71. It finally settled at 82.63 (provisional) against the American currency, registering a fall of 4 paise against its previous close.
2023-03-20T17:32:16+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Geekay Wires, Shrem InvIT, SP Refractories Ltd., Annapurna Swadisht Ltd. and Stampede Cap, hit their fresh 52-week highs during the day.
2023-03-20T17:22:57+05:30

​Margin Trading: 8 stock ideas for gains of up to 17%​

>> For more such web stories click on the ET icon below
2023-03-20T17:20:40+05:30

Bitcoin climbs to 9-month high as bank turmoil sparks rally

The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes.
2023-03-20T17:19:29+05:30

Stock market update: Power stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:17:48+05:30

​Foreign investors cash out via block deals worth Rs 35K cr in last 6 months.​

In the last six months foreign investors have rushed to book profits via secondary share sales.
2023-03-20T17:13:03+05:30

Stock market update: FMCG stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:12:41+05:30

Stock market update: Mining stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T17:07:26+05:30

Tech View: Nifty forms a hammer pattern on daily charts. What traders should do on Tuesday

Now, it has to cross and hold above 17,071 zones to witness a bounce towards 17,171 and 17,250 zones, while on the downside supports are seen at 16,850 and 16,800 levels, said Chandan Taparia of Motilal Oswal.
2023-03-20T17:07:01+05:30

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 111.65 points down at 16988.4
2023-03-20T17:02:20+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 111.65 points down at 16988.4
2023-03-20T16:52:03+05:30

Four pockets where this fund manager sees growth at sensible prices

The markets have been adjusting to a normal world versus how the market used to be earlier in terms of looking at extremely low interest rates as a base case forever. This has hit global demand as well as the growth outlook for Indian companies. In the last two to three quarters, earnings have been fairly muted in India. Today, we are in midst of bad news which in a way is now starting to give attractive prices for Indian equities.
2023-03-20T16:51:34+05:30

Stock market update: Nifty Auto index falls 0.93%

The Nifty Auto index closed 0.93 per cent down at 12131.7.
2023-03-20T16:46:50+05:30

Optimise benefits from tax loss harvesting by avoiding these common mistakes

Investors with large equity or mutual fund portfolios can pay low or no tax or set-off their losses by tax harvesting or tax-loss harvesting.
2023-03-20T16:45:37+05:30

Gainers and Losers: Shipping Corp, RVNL among 5 stocks in limelight today

Tracking weak global sentiments amid continuing global banking crisis, Indian indices in Monday’s trade ended lower.
2023-03-20T16:44:16+05:30

Sensex falls! These stocks fell 5% or more in Monday's session

In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.
2023-03-20T16:41:44+05:30

Stock market update: Nifty Bank index falls 0.6%

The Nifty Bank index closed 0.6 per cent down at 39361.95.
2023-03-20T16:36:31+05:30

75% loss in 8 days! Credit Suisse stock rout more severe than Adani crisis

On the other hand, since the release of the Hindenburg report on January 25 Adani Group stocks have lost around 52% of their combined market value. In less than two months, Adani stocks have lost around Rs 10 lakh crore of its market value.
2023-03-20T16:35:01+05:30

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Bajaj Finserv, Adani Ent., Bajaj Finance, Hindalco and Wipro were among the top losers on NSE in today's trade.
2023-03-20T16:31:26+05:30

Don’t buy houses depending on rate cycle; buy when you find right property at right price: Adhil Shetty

The trend in the housing market is that people are buying homes to get the capital gains benefit which is getting capped next year. There has been no decrease in demand as of January, but if rates continue to increase, the slowdown will start to come in. There is still demand in terms of home loans, but it is not advisable to go for it now. Rates will go up and down, and when it goes up, the tenure will automatically increase.
2023-03-20T16:31:00+05:30

Stock market update: Nifty Pharma index falls 0.11%

The Nifty Pharma index closed 0.11 per cent down at 11663.3.
2023-03-20T16:26:18+05:30

Infosys, Sun Pharma among 10 stocks with highest bullishness in bearish market

2023-03-20T16:25:23+05:30

Stock market update: Nifty IT index falls 1.43%

The Nifty IT index closed 1.43 per cent down at 28442.95.
2023-03-20T16:20:58+05:30

Sensex rebounds 554 pts from day’s low but ends in red; Nifty below 17,000

Dragged by banking, financial and IT stocks, the 30-share BSE benchmark Sensex declined 361 points or 0.62% to settle at 57.629. Sector-wise, Nifty Metal fell 2.35% and Nifty IT declined 1.43%.
2023-03-20T16:18:23+05:30

Stock market update: Nifty Realty index falls 1.0%

The Nifty Realty index closed 1.0 per cent down at 395.0.
2023-03-20T16:10:37+05:30

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T16:05:26+05:30

Stock market update: Fertilisers stocks down as market falls

The 30-share BSE Sensex closed down 360.95 points at 57628.95
2023-03-20T16:00:09+05:30

Reliance shares hit fresh 52-week low: Key reasons behind freefall explained

2023-03-20T15:52:14+05:30

Sensex recoups 554-points loss, ends 361 points lower; Nifty tad below 17,000

2023-03-20T15:45:14+05:30

Be it GFC or Covid crisis, India has emerged as anti-fragile and come out much stronger: Sumit Poddar

Global sentiments continue to be soft. In such a scenario, it is better to focus on the domestic sectors. Manufacturing or capital goods sectors are likely to see a much better situation as compared to global exports. Within that, in order to save the portfolio, maybe in order to be defensive, FMCG continues to look better from a medium-term perspective.
2023-03-20T15:34:16+05:30

Indian bond yields dip tracking U.S. peers; Fed meet eyed

The Indian government bond yields were marginally lower on Monday, mirroring U.S. peers, while the rescue of a European lender and dipping odds of a rate hike by the Federal Reserve this week further aided sentiment. The 10-year benchmark 7.26% 2032 bond yield was at 7.3361% as of 10:00 a.m. IST, after closing at 7.3511% on Friday. The yield fell eight basis points last week, its biggest drop in six
2023-03-20T15:30:36+05:30

Tale of two banks: How UBS & Credit Suisse stack up

Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
2023-03-20T15:13:05+05:30

Rameshchandra Mansukhani on Man Industries' Rs 13,000-cr order from MENA & domestic demand

The Chairman of Man Industries, Rameshchandra Mansukhani, has announced that the company has won a Rs 1,300-crore order from the Middle East. This order includes value added products, along with the coating and a lot of other treatments. The order has to be completed in 6-7 months after May. The company has Rs 18,000 crore bid position, so if it does not perform, its India name is not there and it cannot get the Rs 18
2023-03-20T15:01:31+05:30

MCX gold prices hit all-time high of Rs 60,000; key factors driving the rise explained

2023-03-20T14:44:43+05:30

Sarita Pansari’s 2 top stock ideas at this point of time

BPCL is a good buy at current levels, but investors should be cautious as the market is volatile. The stock is also a good bet because it is a derivative of crude oil prices. Today, I have picked up LIC due to its good risk reward ratio. Pansari further says, the current market price of LIC is Rs 576 and targets for LIC are Rs 600 and Rs 615 with a stop loss of Rs 565.
2023-03-20T14:36:50+05:30

2 high dividend yield PSU stocks to trade ex-dividend on Tuesday

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date.
2023-03-20T14:34:45+05:30

Supreme Court asks SEBI to refund Rs 300 crore to NSE

In 2019, SEBI passed a series of orders against the NSE and its former chief executives, Chitra Ramkrishna and Ravi Narain, alleging that the exchange did not exercise due diligence while setting a network that allowed high-frequency traders unfair access to some network servers at the exchange.
2023-03-20T14:27:54+05:30

UBS takeover of Credit Suisse: the main points

"Its fate is therefore not only decisive for Switzerland, for our companies, for private clients, for its own employees, but also for the stability of the entire financial system," Swiss President Alain Berset said in unveiling the deal.
2023-03-20T14:19:16+05:30

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