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Sensex, Nifty open in the green, up marginally
Thursday, May 17, 2018, 10:18 AM
Benchmark indices were trading higher in opening trade despite the muted trend in Asian stocks.The BSE Sensex was up 0.17%, or 62.75 points, to 35,448.13 while NSE Nifty 50 rose 0.16%, or 18.30 points, to 10,758.60. The Indian rupee on Thursday strengthened for second sessions against US dollar tracking gains in Asian currencies.
Sansera Engineering looks to raise up to Rs1,000 crore via IPO
Wednesday, May 16, 2018, 10:14 PM
Bengaluru-based auto-component maker Sansera Engineering Pvt. Ltd has started a process to appoint investment bankers for its initial public offering (IPO) that could see the company raise around Rs 750-1,000 crore, said three people aware of the development. The company is backed by US-based private investment group The Rohatyn Group (TRG).
Markets surge over 1% as BJP leads in Karnataka poll results
Tuesday, May 15, 2018, 12:51 PM
Indian markets on Tuesday surged over 1%, with BSE Sensex hovering near 36,000-mark, while NSEs Nifty 50 index crossing 10,900 to hit over three-month high after initial trend showed the BJP emerging as the single largest party in Karnataka elections. At 11.06am, the Sensex rose 1%, or 350 points, to 35902 points, while the Nifty advanced 0.87%, or 95 points, to 10,900.95 points.
Fine Organic, Devi Seafoods get Sebis nod for IPO
Monday, May 14, 2018, 7:53 PM
Two companies, Fine Organic Industries and Devi Seafoods, have received capital markets regulator Sebis approval to float initial public offerings. Fine Organic and Devi Seafoods had filed their IPO-papers in February and March, respectively, and both firms obtained Sebis observations on 11-May, latest update with markets regulator showed. With this, the total number of companies receiving Sebis approval has reached-18 so far this year.
Dena Bank plunges 12% as RBI bars bank from fresh lending, hiring
Monday, May 14, 2018, 11:02 AM
Shares of Dena Bank tanked over 12 percent in Monday's trade after RBI directed the bank not to issue any fresh loans and hire new personnel in the wake of mounting non-performing assets (NPA's). The RBI has initiated prompt corrective action for Bank and imposed certain restrictions, in view of high Net NPA and negative return on assets, Dena said in filing to BSE.
Flipkart IPO Could Be in Four Years, Walmart Says in Regulatory Filing
Saturday, May 12, 2018, 1:16 PM
Walmart Inc said on Saturday in a filing with a U.S. regulator that it may take Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart's largest-ever acquisition. The IPO should be done at no less a valuation than that at which Walmart invested in the Indian firm, the filing said.
Sensex climbs 134 points ahead of macro data
Friday, May 11, 2018, 11:01 AM
The benchmark Sensex rose about 134 points in early trade on Friday as investors looked forward to release of key macroeconomic data amid positive global cues. Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said. The 30-share index went up 133.60 points, or 0.38 percent, to 35,379.87.
Indostar Capital Finance IPO subscribed 69% on Day 2
Thursday, May 10, 2018, 11:12 PM
The initial public offer of non-banking finance company Indostar Capital Finance was subscribed 69% on the second day of bidding on Thursday. The Rs 1,844 crore IPO received bids for 1,55,94,982 shares against the total issue size of 2,25,75,438 shares, NSE data showed. The issue, which is in a price band of Rs 570-572 per share, would close for bidding tomorrow.
SIRCA Paints IPO to open on 16 May
Thursday, May 10, 2018, 7:21 PM
SIRCA Paints India on Thursday said it has fixed a price band of Rs 151-160 per share for its initial public offering through which it is estimated to raise Rs 78 crore. The companys initial public offer (IPO) will open on 16 May and close on 18 May, SIRCA Paints said in a statement.
NSE introduces managed colocation service facility
Tuesday, May 8, 2018, 8:48 AM
The National Stock Exchange of India on Monday introduced a facility of managed colocation service, which has been named, Colocation as a Service (CaaS). The exchange said the initiative will facilitate small and medium sized members, who otherwise find it difficult to avail colocation facility, due to various reasons including high cost, lack of expertise in maintenance and troubleshooting, etc.
Indostar IPO a good bet for long-term investors
Tuesday, May 8, 2018, 8:07 AM
Indostar Capital Finance plans to raise Rs 700 crore of fresh capital from the primary market apart from offering promoter shares worth up to Rs 1,144 crore. The initial public offering appears to be a good opportunity for long-term investors who seek an exposure to non-banking finance (NBFC) sector considering Indostars experienced management, good past track record, future growth prospects, and reasonable demanded valuation.
Jet, IndiGo stocks tumble up to 20 percent in 3 days
Sunday, May 6, 2018, 1:45 PM
Stocks of airlines have hit some air pockets, slumping up to 20 percent in just three trading sessions this month amid rising fuel costs and weak quarterly earnings of InterGlobe Aviation impacting investor sentiment. Among the three-listed airlines, Jet Airways and SpiceJet are yet to announce their fourth quarter and full year results for 2017-18.
E2E Networks plans to list on NSE Emerge
Saturday, May 5, 2018, 9:22 AM
Cloud computing start-up E2E Networks Ltd, a largely bootstrapped venture that counts Blume Ventures as one of its few major investors, is all set to go public on the countrys flagship small and medium business stock exchange, marking a rare public exit for Indias fledgling start-up ecosystem. E2E, which was co-founded by Tarun Dua in 2009, will list on NSE Emerge.
P.N. Gadgil & Sons to file for Rs500 crore IPO
Friday, May 4, 2018, 12:03 AM
Pune-based jewellery chain P.N. Gadgil & Sons Ltd is planning to soon file its draft papers for an initial public offering (IPO) with markets regulator Securities and Exchange Board of India, two people aware of the development said. P.N. Gadgil & Sons currently has 25 stores across Maharashtra, Gujarat and Karnataka. Before it was incorporated as an unlisted public company on 6 November 2017.
Rakesh Jhunjhunwala-backed John Energy gets Sebi go-ahead for IPO
Thursday, May 3, 2018, 6:12 PM
John Energy, backed by ace investor Rakesh Jhunjhunwala, has received markets regulator Sebi's go-ahead to raise an estimated Rs 350 crore through an initial public offering. The company had filed draft papers with Securities and Exchange Board of India (Sebi) in February and obtained its "observations" on April 27, as per the latest update with the regulator.
