Software company Nazara Technologies Ltd. is a small-cap company with a market valuation of $3,383 Cr. With operations in India as well as other international areas like Africa and North America, Nazara Technologies is a leading provider of extensive gaming and sports media. It provides services in the interactive gaming, eSports, ad-tech, and other gaming […]
Udayshivakumar Infra IPO: Following the initial public offering (IPO) of Udayshivakumar Infra Ltd. closed its four-day subscription period, all eyes are now focused on the IPO’s allotment date, which is most likely on March 28, 2023, or on Tuesday of the following week. The public offering for Udayshivakumar Infra, valued at 66 crore, received 32.49
Udayshivakumar Infra IPO: What GMP signals as all eyes set on allotment date Read More »
Trade past week was incredibly unstable, with global markets having an impact on emotions, notably the problems in the banking industry. Once the Government passed the Budget Bill 2023 in the Lok Sabha, domestic equities too came under pressure. The STT on the sale of options and futures has been raised in accordance with the
Market Outlook This Week: F&O Expiry, Global Banking Stress To Keep Markets Volatile Read More »
NEW DELHI: In an effort to reduce risk concentration in the wake of criticism of its investments in Adani group businesses, the Life Insurance Corp. of India (LIC) is preparing to impose caps on its debt and equity exposure to companies, according to two sources. State-run LIC was criticised for having over $4 billion exposure
Following the decline in Adani stock, LIC intends to limit its investment exposure. Read More »
ICICI Securities, a domestic brokerage house and research firm, increased its target price on Lemon Tree Hotels from 125 to 132, representing a potential 80% increase over the stock’s Friday closing price of 73.75 per share. With the business having achieved 9MFY23 revenue and EBITDA of 6.2 billion and 3.1 billion, respectively, LTH recorded its
Nearly 80% upside target! Lemon Tree Hotels shares’ target price raised. Key triggers Read More »
Radhika Jeweltech : With a market value of $348.10 billion, Radhika Jeweltech Ltd. is a small-cap company that belongs to the consumer discretionary industry. The goal of Radhika Jewellers is to provide jewelry made of the purest gold and real diamonds. The company has announced a stock split for those stockholders who are eligible, and
The RBI announced on Friday that it has fined Karur Vysya Bank Rs 30 lakh for failing to comply with some regulations regarding the classification and reporting of fraud by commercial banks. The Reserve Bank stated in a statement that it carried out a Select Scope Inspection (SSI) of the bank from February 21, 2022,
RBI Imposes Rs 30 Lakh Penalty On Karur Vysya Bank Read More »
Reliance Industries Limited, which is run by Mukesh Ambani, has named Srikanth Venkatachari as its new chief financial officer (CFO), effective on June 1. Alok Agarwal, the CFO since 2005, will be replaced by Venkatachari. Agarwal has been promoted to senior advisor to Reliance chairman Mukesh Ambani. “This is to inform that Shri Alok Agarwal,
Reliance Industries appoints Srikanth Venkatachari as CFO, replacing Alok Agarwal Read More »
The Finance Bill on Friday suggested to classify payout from company as return of capital, which will be a comfort to REITs and InVITs. The government had suggested taxing income provided by business trusts like REITs and InVITs to unitholders in the form of debt repayments while presenting the Union Budget on February 1. The
Govt Proposes Tax Relief For REITs, InVITS Read More »
Market observers should be aware of continuing business statements concerning interim dividend and stock splits prior to the start of the stock market the following week. Regarding the interim dividends declared by the firms, Hindustan Zinc, SBI Cards and Payment Services, Crisil Ltd, Angle One Ltd, and Indraprastha Gas Ltd will trade ex-dividend the next
Next week, several equities will become ex-dividend; details can be found here. Read More »
