Business

The Rs 552 crore Landmark Cars IPO was subscribed 43 per cent on the Day 3 of the bidding process on Thursday, with the employee quota getting subscribed 2.32 times. The issue received bids for 34,34,992 shares against the issue size of…

Mutual fund managers were seen increasing stakes, though negligibly, in five of Adani group stocks namely Adani Power, Adani Green, Adani Total Gas, Adani Wilmar & Adani Transmission in November, monthly data available with PRIME…

Where do you put one-fourth of your money in the domestic equity market? The latest mutual fund data holds a cue for you. Asset management companies in India held shares worth over Rs 5.69 lakh crore in the top five listed companies— ICICI…

Kotak Institutional Equities has increased the target price for YES Bank but still maintained its 'sell' call. Motilal Oswal Securities has revised its price target on Union Bank to Rs 100 apiece, citing healthy performance over the past…

India has done reasonably well as an economy, as well as a market and hence valuations are certainly stretched, says Chirag Setalvad, Head of Equities, HDFC AMC.  “The stretch really is on the midcap side, where businesses have done well,…

U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022.Kevin Lamarque | ReutersCall it a sign…

Shares of UCO Bank on Tuesday soared nearly 15 per cent, extending their gains for the eighth straight session. The stock zoomed 14.63 per cent to settle at Rs 33.30 over its previous close of Rs 29.05. The scrip hit an intraday high --…

The initial public offering (IPO) of Abans Holdings was subscribed 46 per cent on the third day of the bidding process today.  The issue received bids for 58,37,480 shares against the issue size of 1,28,00,000 shares. The quota reserved for…

Benchmark indices closed higher on Wednesday, extending the previous session's rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US. Sensex climbed 144.61 points or 0.23 per cent to…

Shares of Vodafone Idea jumped 10 per cent in late rally on Wednesday amid heavy volumes. The scrip rose 9.49 per cent to settle at Rs 8.65 apiece on NSE, snapping a seven-day fall. On BSE, the scrip rose 9.61 per cent to close at Rs 8.67.…

Shares of NCC Ltd jumped 7.43 per cent on Wednesday to hit a one-year high level of Rs 96.90, extending their gains for the third straight session. The stock eventually settled 2.16 per cent higher at Rs 92.15 over its previous close of Rs…

Shares of specialty chemicals firm Jubilant Ingrevia have surged 37% from their 52-week low this year. Jubilant Ingrevia shares hit a 52-week low of Rs 401.35 on March 8, 2022. Since then, the stock has gained 37.65% or Rs 151 till date.…

Shares of Alkyl Amines have taken a downward trajectory since August 2021, leaving investors guessing on how long they should hold on to the stock. Alkyl Amines stock, which closed at Rs 4,386.45 on July 30, 2021, has lost 1,586 points or…

The grey market premium (GMP) of Sula Vineyards has slipped into the red while that of Landmark Cars also fell, grey market trends suggest.  GMPs of Abans Holdings and DroneAcharya Aerial Innovations (an SME) were holding up well. Last…

Brexit has added more than £200 to the average U.K. household food bill, according to a new study from the London School of Economics.Nathan Stirk | Getty Images News | Getty ImagesLONDON — U.K. inflation came in slightly below expectations…

The year 2023 is likely to be a volatile year with a roller coaster ride for the domestic equity market, according to Kotak Mutual Fund. Therefore, it believes that allocation between debt, equity, real estate and commodities is the key. In…

The initial public offering (IPO) of automobile dealership chain Landmark Cars was subscribed 22 per cent on Day 2 of the bidding process. The issue received total bids of 17,74,336 shares against the issue size of 80,41,805 shares. The…

Shares of Suzlon Energy have jumped 24 per cent in a month, which has helped the scrip register positive returns for 2022, after a weak first half of the calendar. If technical indicators were to go by, analysts see tough resistance for the…

The initial public offering (IPO) Sula Vineyards was subscribed 67 per cent on Day 3 of the bidding process. The issue received total bids of 1,25,28,768 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail…

Shares of One 97 Communications (Paytm) declined 3 per cent in Wednesday's trade after the company board approved a Rs 850 crore share buyback proposal.  The company has opted for the open market route through the stock exchange method for…

SBI Life is Motilal Oswal's preferred pick in the life insurance space. Once Max Financial makes progress in structure simplification and sees revival in growth, its share price should witness sustained re-rating, said Emkay Global. ICICI…

US stocks rose on Tuesday after a unexpectedly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central back could stay…

Wall Street's main indexes rallied on Tuesday, led by rate-sensitive growth stocks, after a smaller-than-expected rise in U.S. consumer prices raised hopes that the Federal Reserve could soften its aggressive stance on interest rate hikes.…

Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up.The consumer price index, which measures a wide basket of goods and services, rose just 0.1%…

Shares of UCO Bank on Tuesday zoomed nearly 20 per cent, extending their gains for the seventh straight session. The stock soared as much as 19.79 per cent to settle at Rs 29.05 over its previous close of Rs 24.25. The scrip hit an intraday…

As many as 80 start-ups in India may hit the public market by launching their initial public offerings (IPO) in the span of next five years, according to a report by consultancy firm RedSeer. “India may see 100+ matured, large-scale…

Landmark Cars IPO’s retail individual investor (RII) portion was subscribed 17 per cent. The portfolio for non institutional investor (NIIs) was subscribed 39 per cent.  The portion for qualified institutional buyers (QIBs) received bids…

Shares of Polycab India rose sharply on Tuesday to hit a one-year high level of Rs 2,990.90. The stock eventually settled 4.45 per cent higher at Rs 2,944.05 on BSE today. It moved 6.11 per cent higher to hit an intraday high -- also its…

Indian benchmark indices closed higher on Tuesday amid firm global market trends. Retail inflation fell below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November which boosted sentiment on Dalal Street.…

The National Company Law Appellate Tribunal (NCLAT) today allowed US food major McDonald's and its former estranged Indian partner Vikram Bakshi to withdraw their petitions filed against each other over Connaught Plaza Restaurants Ltd. The…