After addressing the market regulator’s concerns about the company’s employee stock plans, which had been holding up the offering for months, India’s Go Digit Insurance has re-filed draught papers for a $440 million IPO. The draught prospectus, which has not altered from its previous filing and was dated March 30, states that the IPO will […]
Go Digit Insurance re-files IPO papers after regulator concerns Read More »
Given worries about sustainable operational growth and doubts about the sustainability of a +20% operating margin under the new pricing policy that will affect PBT margin, Bharat Electronics Ltd. (BEL) has been trading at a significant discount to other large cap industrial companies, according to Antique Stock Broking. “With robust order book, strong order pipeline,
Bharat Electronics shares trading at steep discount. Opportunity to buy? Read More »
The capital markets regulator Sebi stated Yesterday that publicly traded businesses should have an internal structured digital database with information on unpublished price sensitive information (UPSI) and the identities of those who have access to it. Also, the database has information about the people who shared such information, according to Sebi’s 25-page exhaustive Frequently Asked
Sebi Clarifies On Structured Digital Database, Contra Trade Read More »
The largest two-wheeler manufacturer in the nation, Hero MotoCorp, announced on Thursday that Niranjan Gupta has been promoted to the position of new CEO (CEO). With effect from May 1, 2023, Gupta, who is currently the CFO and Head of Strategy and M&A, assumes the role of CEO. According to a regulatory filing from the
Niranjan Gupta is promoted to CEO of Hero MotoCorp. Read More »
share market closing: With an almost 2% increase on Friday, the benchmark indices extended their winning streak to two days amid a strong global market on the final day of the fiscal year 2022–23. BSE Sensex soared 1,031.43 points or 1.78 percent to reach 58,991.52 in the final minutes. It increased by 1,108.38 points, or
The Foreign Trade Policy 2023, according to Director General of Foreign Trade (DGFT) Santosh Sarangi, aims to increase the nation’s exports to USD 2 trillion by 2030 by switching from incentives to a remission and entitlement based regime. It won’t be a five-year plan with a set end date; instead, it will be revised as
What is Foreign Trade Policy 2023 Read More »
The Nifty 500’s top performers for the year are the defense-focused companies Mazagon Dock Shipbuilders, Varun Beverages, Karur Vysya Bank, UCO Bank, and Finolex Cables, which have produced outsized profits for investors in the current financial year. Even though the Nifty 500 fell by about 4% in FY23, the five companies achieved returns of between
Among the top wealth producers in FY23 were Mazagon and Varun Beverages Read More »
Welspun Group announced on Thursday that it had purchased water tank manufacturer Sintex for Rs 1,251 crore in order to diversify its line of building materials. Welspun Company claimed in a statement that Sintex has produced water tanks and other plastic goods for decades and has become a household name in India. In India, it
Welspun Group Acquires Water Tank Maker Sintex For Rs 1,251 Cr Read More »
The Ministry of Defence (MoD) approved several orders in the final week of FY23, benefiting PSUs like Bharat Electronics, Bharat Dynamics, Garden Reach Shipbuilders & Engineers, Cochin Shipyard, and Goa Shipyard. As a result, shares of defense companies increased by more than 6% on Friday during intraday trading. Bharat Dynamics (BDL) was trading 3.22 percent
Why defense stocks are in demand, as demonstrated by the 6% rise in BEL and BDL shares Read More »
Udayshivakumar Infra IPO: With the share allotment announcement, investors and allottees are eagerly awaiting the Udayshivakumar Infra IPO listing date, which is most likely on April 3, 2023. Yet, a shift in market attitude ahead of the share offering has increased opinions on the Udayshivakumar Infra IPO in the gray market. Market watchers claim that
Udayshivakumar Infra IPO: What GMP signals as focus shifts on share listing date Read More »
