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…
Recently, the Reserve Bank of India (RBI) increased the risk weights by 25 percentage points to 125 percent for consumer credit exposure, especially for personal loans. As a result, banks must now maintain larger capital reserves, which raises the cost of capital for these loans. This adjustment affects both new and existing loans. Consequently, while…
On November 24, state-owned Canara Bank is allegedly going to issue bonds valued at ₹5,000 crore. According to analysts in the market, these bonds which fall under the category of infrastructure bonds will mature on November 29, 2033, after a duration of ten years. With the option to retain oversubscription amounts up to ₹4,000 crore,…
The prospect of no further rate hikes by the US Federal Reserve is boosting the appeal of gold, which has risen to three-week highs. The yellow metal traded with a positive bias on Thursday, aided by a weak dollar. Taking cues from international prices, MCX December gold futures opened in the green at Rs 61,100…
Invest in or sell stocks today: The Indian stock market saw a strong comeback on Wednesday, closing higher for the second straight session thanks to gains in auto and IT stocks. The BSE Sensex gained 92 points and finished at 62,023 while the Nifty 50 index gained 28 points and closed at 19,811 levels. The…
Bharti Airtel Ltd. has started the first steps of its subsidiary Bharti Hexacom’s initial public offering (IPO), as individuals familiar with the situation informed CNBC-TV18. For the Bharti Group, if the IPO process goes through, it would be a huge milestone since it would be its first public offering in more than ten years. In…
Technical Analysis: Following disappointing US data, the USDCHF pair breached the low, but the strength of the bearish momentum is now diminishing. What can be expected in the next moves? USD CHF Technical Analysis of USDCHF – Daily Timeframe As the US Dollar was recently impacted by the dismal US statistics, we can observe on…
