Rupee: In early trade on Wednesday, the Indian rupee appreciated 5 paise to 83.28 versus the US dollar as foreign funds poured into local shares while the US currency declined. The local currency saw an increase in opening value from its previous close of 83.33 to 83.31 per dollar. The dollar index, which compares the…
The Servotech Power Systems Ltd. board of directors changed the issuance price per equity share from ₹82 to ₹83.40 million. The preferred issue price was updated by the corporate board during its Tuesday meeting. Servotech Power Systems’ preferred issue price changed, resulting in a ₹75.06 crore issue size instead of ₹73.80 crore. Servotech Power Systems…
Stock News: Equity markets are expected to reopen on Tuesday following an extended holiday break, with a cautious outlook due to muted signals from international markets. As of 07:10 AM, Gift Nifty futures were listed at 19,857, in comparison to the NSE Nifty50’s closing figure of 19,795 on Friday. The US market closed in the…
Cipla: Jefferies has cautioned that Cipla’s FY26E earnings per share might be jeopardized by lengthy corrective action on the issued warnings. Following the US Food and Drug Administration’s (FDA) warning letter about the pharmaceutical company’s Indore factory, investors in Cipla are apprehensive. Following the release of the letter’s specifics, which highlighted data integrity concerns at…
BSE: New rules have been implemented by the Bombay Stock Exchange (BSE) for small and medium-sized businesses (SMEs) that want to transfer from the SME platform to the main board. In order to move to the main board, an applicant business must have a net value of at least ₹15 crore for the two previous…
Stock: New India Assurance has increased by 17% to Rs 204. On the BSE, General Insurance Corporation is up over 12% at Rs 297. Both equities reached 52-week highs. India’s Life Insurance Corporation is up 7% at Rs 662.The General Insurance Corporation of India has been given the India National Scale Rating (NSR) by the…
Tata Technologies IPO: GMP increases following a robust subscription status. How to check allocation, all eyes focused on the date of listing Following the conclusion of the subscription period for Tata Technologies Ltd.‘s initial public offering (IPO), all eyes are now focused on the dates of the IPO allocation and listing. Tata Technologies’ IPO allotment…
Maruti Suzuki: On Friday, Maruti Suzuki said that the preferential issue of 12,322,514 shares at a price of ₹10,420.85 per share to Suzuki Motor Company Ltd had been authorized by the board of directors. A regulatory filing states that after this allotment, Suzuki Motor Company’s ownership position in the top automaker in India will rise…
Commodity Capsule: On Tuesday, benchmark 10-year Treasury rates in the United States dropped to a two-month low. On Thursday, gold prices increased little, staying near the crucial $2,000 per ounce mark as a result of a declining US dollar and lower Treasury rates. After increases in the previous two days, the dollar was down 0.1%…
Axita Cotton: Bonus shares 2023: Axita Cotton Ltd., a small-cap business, has announced bonus shares for its qualified owners. During its meeting on Thursday, the company’s board of directors reviewed and approved the proposal for bonus shares. Bonus shares were authorized by the corporate board in a 1:3 ratio, meaning that qualified shareholders will get…
