In a boost for employees, the Godrej Board approved the allotment of 50,319 equity shares to employees under the Employee Stock Grant Scheme, 2011. The announcement was made official in an exchange filing, issued on July 4. The face value of the equity shares will be Rs 1 each. With this allotment, the paid-up equity share capital of the company stands increased to Rs 33,66,88,576.
Courtesy: The Free Press Journal
The rupee fell 5 paise to close at 82.57 (provisional) against the US dollar. The fall came after the Reserve Bank kept the key interest rate unchanged. At the interbank foreign exchange, the domestic unit opened at 82.59 against the dollar, and finally settled at 82.57 (provisional), down 5 paise from its previous close amid a negative trend in domestic equities.
Courtesy: The Press Trust of India
Adani Groups Chairman Gautam Adani announced to the withdrawal of all FPOs worth Rs. 20,000 crores. Addressing the media on February 2, Adani said, the decision to return the FPO money of all the investors and shareholders was taken in the view of the 'Market Volatility'. "In my humble journey of over 4 decades as an entrepreneur I have been blessed to receive overwhelming support from all stakeholders," said Adani.
In early trades, the rupee appreciated by 12 paise to Rs 98.74, against US Dollar, on August 2. As per interbank foreign exchange, the rupee plunged and recorded a good start, whereas dollar index, which gauges the greenback's strength fell 0.22 per cent to 105.21. Furthermore, 30-share Sensex was trading 88.55 points at 58,026.95, while NSE Nifty fell 35.65 points to 17,304.40. Crude oil prices also softened on August 2.
Courtesy: The Free Press Journal
Indian equities were slightly altered on May 23 after advancing over 3% the prior session, as a severe selloff in metal companies offset advances in automobile sector. The Nifty metals index fell 6.6 percent, while the Nifty auto index increased by 2%. The Indian government announced on May 22 that it will eliminate import duty on anthracite, PCI coal, and coking coal, with the goal of lowering raw material costs.
Courtesy: Indian Express
Energy and IT sectors helped Indian markets recover from session lows to end higher on November 25, with Reliance Industries leading the way with a 6% gain. NSE Nifty jumped 0.7% to 17,536.25, while BSE Sensex gained 0.78 percent to 58,795.09. "Since Reliance declared a stop in its contract with Saudi Arabia's Aramco, there has been a lot of shopping," said Rahul Shah, VP-Equity Advisory at Motilal Oswal Financial Services Ltd.
Equity opened in red, with BSE Sensex going down by 192.97 points at 60159.85 on November 11, 9:20 am, showed reports. Similarly, 50-scrip NSE was traded at 17951.50 which was reported to be down by 65.70 points. Besides, Firms that are involved in metal and consumer durables sectors were trading high, whereas the banking and information technology sector reported being trading at low, showed reports.
The Initial Public offering (IPO) of Nykaa, with a price band of 1,085-1,125 rupees per share has been open for public subscription on October 28. As per reports, on day one of its bidding, Nyka IPO has been totally booked within an hour, with a subscription of 0.19 times, and the retail portion booked with 1.02 times. The shares of the company issued is worth Rs 630 crores.
India's biggest jewellery group Kalyan Jewellers plans for an Initial Public Offering during March 16-18. Reportedly, the price cap of shares has been set at Rs 86-87, along with a total share sale of Rs 1,175 crore. While capping 50% and 35% of the total issues respectively for institutional buyers and retail investors, Rs 20 million have been reserved for eligible employees. Currently, Kalyan Jewellers has over global 100 showrooms clocking… read-more
Courtesy: Your Story.Com
Indian stock market spiraled in the opening trades of January 21 as the benchmark Sensex crossed the historic 50,000-point for the first time. Jumping 230.69 points from its last close, the Dalal Street almost doubled its value from March 2020 (25,638). Nifty also witnessed a bullish trend while trading above 14,700 points. The steeped rise has been caused by optimism linked to US President Joe Biden's economic resolutions and strong FII… read-more