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Fourth-ranked conglomerate narrows gap with Adani group

Youth Congress activists on Monday demonstrated outside the SEBI office in Mumbai, demanding a probe into allegations raised against SEBI chairperson Madhabi Puri Buch and her resignation. Police... detained the workers and booked them under various sections of the Bharatiya Nyay Sanhita (BNS). Citing the US short-seller Hindenburg Research's report, the party workers led by Mumbai Youth Congress president Akhilesh Yadav demanded Puri Buch's resignation, alleging a conflict of interest. "We wanted an inquiry into the allegations and Puri Buch's resignation from the post," said Yadav. Puri Buch and SEBI had denied allegations.

In a bid to speed up the process of crediting and trading bonus shares, markets regulator Sebi on Monday introduced new guidelines, whereby investors will be able to trade bonus shares just two days... after the record date starting October 1. The current ICDR (Issue of Capital and Disclosure Requirements) rules prescribe overall timelines regarding the implementation of the bonus issue. However, there is no specific timeline for credit of bonus shares and trading of such shares, from the record date of the issue. Currently, after a bonus issue, existing shares continue to trade under the same ISIN, and the new bonus shares are credited and available for trading within 2-7 working days after the record date. Under the guidelines, trading in bonus shares will now be enabled on the second...

Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared to last year's 15 Pro models, as of Monday, three days after the company... started taking pre-orders .

Goldman Sachs bought 7.4 lakh shares in India Shelter Finance Corporation through a block deal at Rs 752.35 per share. Other buyers included SBI Life Insurance and ICICI Prudential Life Insurance.... Nexus Ventures III Limited and Nexus Opportunity Fund II Limited were the sellers.

Interestingly, NSE's unlisted share price has increased by almost three times in the past three years, with its current price ranging from Rs 6,000 to Rs 6,200 per share

Finance Minister Nirmala Sitharaman addressed allegations against Sebi chief Madhabi Puri Buch and her husband, stating that they are defending themselves with facts. Sitharaman emphasized the need to... consider facts without prejudgment.

The Kolkata-based company's initial public offering (IPO) is available for subscription in the price range of Rs 163-172 per share

Technology stocks impacted the S&P 500 and Nasdaq as traders showed caution ahead of the Federal Reserve's upcoming monetary policy decision. Rate-sensitive chip stocks, including Nvidia and Broadcom,... saw declines. Apple also fell due to lower-than-expected demand for its latest iPhone model. Economic data reports are expected throughout the week.

The initial public offer of non-bank financial institution Northern Arc Capital received 2.86 times subscription on the first day of the share sale on Monday. The share sale received bids for... 6,14,36,709 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors fetched 4.47 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 3.86 times. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company will conclude on September 19. The price has been fixed in the range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares...

Consequent to the above, the TVS Digital has ceased to be a wholly owned subsidiary of the Company effective 16 September 2024.

Rice stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed.

The board of Reliance Infrastructure Ltd will meet on September 19 to consider a preferential issue of shares to raise funds, the firm said in a stock exchange filing on Monday.

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Reported sales nil

Sales decline 14.26% to Rs 9.14 crore

Sales rise 27.32% to Rs 148.85 crore

Sales decline 18.87% to Rs 871.08 crore

SEBI has reduced the time for crediting and trading bonus shares to two days from the record date. This change will be applicable to all bonus issues announced after October 1, 2024.

Firstsource Solutions announced a collaboration with Microsoft to deliver cutting-edge digital transformation services to clients worldwide. Using the power of Microsoft Azure OpenAI Service,... Firstsource aims to enhance its service offerings, driving innovation and efficiency across various industries.

The domestic equity indices concluded Monday's trading session with modest gains, buoyed by anticipation of a potential interest rate cut by the US Federal Reserve. The benchmark Nifty 50 index... settled above the 25,350 mark, having touched a low of 25,336.20 during the afternoon session. Several sectors, including media, metals, and realty, witnessed strong buying interest. Conversely, FMCG, IT, and pharma stocks faced selling pressure.

Oswal Green Tech, BSE, Kanoria Chem, Biofil Chem and Nintec Systems Ltd., hit their fresh 52-week highs during the day.

BHF's strong debut follows strong demand for its shares during its Rs 6,560 crore IPO, which saw 67 times more demand than shares on offer and garnered record Rs 3.2 trillion worth of bids

Despite a small negative candle for the second consecutive session, analysts suggest this could signal a continuation of the uptrend. Open interest data also supports this view, with higher call OI at... 25,400 and 25,500 strikes.

The offer received bids for 10.08 crore shares as against 2.08 crore shares on offer.