However, SAT in its order noted that “the company had gone into July 2017 under the Insolvency Bankruptcy Code (IBC) and in view of the decision of this tribunal, no penalty can be levied on the new management which came into the picture on May 18, 2018. “The violation, if Continue Reading
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Advent International buys Suven Pharma for Rs 6,313 crore
Advent will also launch an open offer for an additional 26% of the company, a listed contract research and manufacturing services (CRAMS) business, at the same Rs 495 per share from minority shareholders. If fully subscribed to, Advent could end up paying ₹9,589 crore, making it its largest takeover in Continue Reading
HDFC, Bajaj Finance raise deposit rates on select maturities
Returns have been raised 10-25 basis points, reflecting a surge in credit demand amid early signs of revival in private capital expenditure. Financial planners believe fixed deposit investors should build a ladder allocating one third to low tenure deposits of 1-2 years and the balance to 3-5 years tenure and Continue Reading
Defence, industrials, EVs all set to define growth for Bharat Forge
The long-term expected growth will be led by the momentum in the defence, electric mobility and industrial segments.
Dollar retreats as risk appetite improves; Australia, NZ currencies rise
“There seems to be no let-up in the pace of relaxing COVID restrictions despite the surge in COVID cases in the mainland,” said Christopher Wong, a currency strategist at OCBC. “This perhaps demonstrates Chinese policymakers’ resolve to full reopening.
Indices gain over 1% in relief rally, but ‘volatility to continue’
The Sensex rose nearly 1,000 points from Friday’s close to an intraday high of 60,833, before ending the session at 60,566, up 721 points, or 1.20%. The Nifty, too, advanced 1.2%, or 207 points, to close at 18,014.
These 4 pharma stocks touch their new 52-week lows
The 52-week low is the lowest price a stock has traded during the last one year
Tech View: Nifty’s long green candle not enough fodder for bulls. What traders should do on Tuesday
The overall structure shows that the index will likely witness both-side movements in the coming days
Radiant Cash Management IPO subscribed only 11% on Day Two
The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size of 150 equity shares. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore units.
Central Bank of India to raise up to Rs 1,500 crore this fiscal
The board of directors considered and approved to raise capital through an issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for amount up to Rs 1,500 crore