Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity hit a record high of Rs 89,450 per … Read more
IPO dates: February 12-14, 2025IPO Price: Rs674-708IPO Size: Upto Rs8,750 croreImplied Market Cap: Upto Rs43,025 croreFace Value: Re1Lot Size: 21 sharesRetail Portion: 35% Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group. The promoter’s stake will fall to 75% after the … Read more
There was a reason why the British invested in a 65-km railway track from Dibrugarh to Margherita in the early 1880s, less than two decades after Asia’s first oil well was drilled at the nearby Digboi town. The track helped transport coal, tea, and timber from Margherita and stations en route to the Brahmaputra River … Read more
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO). The Kolkata-based company’s IPO is a combination of a fresh issue of shares worth Rs 600 crore and an offer-for-sale component of up to Rs 400 crore by promoters. … Read more
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday. Anand Rathi had filed the papers for issuing fresh equity. The offer also included reservations … Read more
Gold prices remained flat at Rs 82,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump’s inaugural address later on Monday before placing any directional bets, marketmen said. On Friday, the precious metal surged Rs 700 to settle near a record … Read more
Representative image | Photo Credit: Getty Images/iStockphoto The Additional District Sessions Court, Neyyattinkara, will pronounce the quantum of punishments for the convicts in the Sharon Raj murder case on Monday (January 20, 2025). Judge A.M. Basheer had, on Friday, found the prime accused, S.S. Greeshma, guilty of various offences including murder and causing harm using … Read more
Sebi on Friday proposed doubling the threshold amount to Rs 50,000 crore for foreign portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their … Read more
Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred Ketan Parekh and Singapore-based trader Rohit Salgaocar from accessing the Indian capital markets after finding them involved in a front-running scam. In an interim order, the regulator further directed impounding of an amount of Rs 65.77 crore from Parekh, Salgaocar and 20 other … Read more
Gold prices slipped below Rs 79,000 per 10 grams in the national capital on Tuesday due to poor offtake by stockists and retailers, according to the local marketmen. Gold declined during the last trading session of the year as participants were cautious, traders said. The precious metal of 99.9 per cent purity declined Rs 550 … Read more