“I had invested in Reliance Infrastructure, as you know, because it is on public domain. But now I am thinking that maybe that call was wrong. Maybe while I am talking to you as of now, I am thinking maybe that call was wrong. So, it is okay. We will see to it,” says Vijay … Read more
Foreign Portfolio Investors (FIIs) could end-up as net sellers of Indian equities in April breaking their two months of buying activity. In April so far, thay have sold local stocks worth Rs 6,304 crore. In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs … Read more
Mumbai: Fast-moving consumer goods (FMCG) shares saw the highest selling by foreign investors in the second-half of March. Foreign funds dumped shares worth ₹4,939 crore in the sector after buying worth ₹11,180 crore during the first-half of the month as per data from National Securities Depository Ltd (NSDL). The sector witnessed outflows worth ₹4,472 crore … Read more
Mumbai: Tata Sons, the holding company of Tata Consultancy Services (TCS), plans to sell 23.4 million shares in India’s largest software services exporter for at least ₹9,300 crore on Tuesday, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company’s … Read more
NEW YORK: U.S. stocks fell on Friday, led by technology-related megacaps that have propelled this year’s rally, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Traders have reined in bets of a June rate cut by the Fed after this week’s hotter-than-expected inflation data. Shares of Adobe dropped 13.7%, … Read more
Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore … Read more
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more
Foreign institutional investors turned net buyers of equities in the week ended February 23, and the strong inflows drove benchmark indices to record highs. Foreign portfolio investors net bought Indian equities worth Rs 4,398 crore last week, according to NSDL data. This is against them selling shares worth over 2,500 crore in the preceding week. … Read more
The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company’s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more
