Zomato Shares Fell Lowest To Rs 47.60, Down By 11.28%
Food delivery app, Zomato witnessed the lowest fall of shares on July 25, since the IPO was launched at Rs 76 per share. The IPO was launched as the one-year lock-in period for investors considered insiders, which ended on July 25. Furthermore, shares of… read-more
Tags: ZOMATO, Shares, Low Percent, IP0
Courtesy: The Free Press Journal
Rupee Gains By 6 Paise, Stands At 79.81 Against US Dollars, In Early Trades
After reporting fall in days, the rupee appreciated 9 paise to 79.81 against the US dollar in early trade. On July 25, the ruppee saw a rise and opened at 79.86 against the American dollar. Furthermore, it was also supported by the fall of crude oil prices, on July 25. In addition, Sensex was trading 95.33 points or 0.17% at 55,976.90, while the broader NSE Nifty declined 31.80-points to 16,687.65.
Tags: Rupee, Sensex, NSE, Shares, USD
Courtesy: The Free Press Journal
SpiceJet Shares Slump By 40% After Several Technical Safety Margins Issues
SpiceJet, an Indian airline is facing a rough time after shares slump to 40% from the previous 69%, amid recent negligence in safety margins, in 2022. The airlines' shares on July 6, closed at 39%, hours after SpiceJet received a show-cause notice by the Director-General of Civil Aviation, over safety margin issues.… read-more
Tags: SpiceJet, Indian Airlines, Shares, Technical Glitches, DCGA
Courtesy: ANI
Zomato Shares Fall 23% Following Announcement Of Purchase Of Blinkit
Zomato's acquisition of instant delivery service platform Blinkit did not go over well with investors, as the company's shares have dropped more than 20% since the announcement. On June 24, Zomato's Board of Directors authorized to purchase of Blinkit for Rs 4,447 crore. Zomato shares closed at Rs 54.9 on July 1, down around 23%. According to National Stock Exchange statistics, the company's current market value is Rs 43,147 crore.
Tags: ZOMATO, Shares, Blinkit, Acquisition, stock exchange
Courtesy: ANI
Govt Approves Electoral Bonds For Political Parties, Aims Transparency
The Central Government approved the issuance of the 21st tranche of electoral bonds, pitched as an alternative to cash donations made to political parties. The electoral bonds would help bring transparency in political funding, avoiding bribes and favours. The State Bank of India (SBI), has been authorised to issue and encash electoral bonds through its 29 authorised branches. The new arrangement is in effect from July 1 to July 10.
Tags: Electoral Bond, Government of India, Shares, Fundings, politics
Courtesy: Press Trust of India
Bajaj Auto Board Approves Buyback Programme Worth Rs 2,500 Crores
Bajaj Auto Ltd approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore. On June 27, the Bajaj Board of directors held a meeting and approved the buyback of the fully paid-up equity shares with a face value of Rs 10 each from existing shareholders. However, the buyback will not exceed Rs 4,600 per equity share and an aggregate amount of Rs 2,500 crores.
Tags: Bajaj Auto, Shares, Buypack, Board Meeting, Crores
Courtesy: Press Trust of India
Vodafone Idea Plans To Raise Funds Worth Rs 500 Cr
Vodafone Idea Board of Directors to discuss a proposal to raise funds of up to Rs 500 crore on June 22. The proposal entails granting preferred stock or convertible warrants to one or more Vodafone Group entities. Trading window for dealing in shares of the company will remain closed for 48 hours after Board meeting ends until June 24 for all authorized personnel. Trading window to reopen on June 25.
Tags: Vodafone, Idea, Fund Raising, board of directors, Shares
Courtesy: ANI
Bitcoin Price Drops To 0.69% From 8% In Four Days
After a previous mini-rebound, Bitcoin's price decreased on June 1. Despite the drop, the world's largest cryptocurrency was still trading over the $31,000 threshold. This occurred despite continued fears about inflation and the possibility of a recession. Over the previous four days, Bitcoin has gained over 8%. But bitcoin was trading at $31,437.72, down 0.69% on June 1. While the majority of cryptocurrencies declined, Luna increased by over… read-more
Tags: Bitcoin, Crypto Currency, Stock market, Shares, Price
Courtesy: India Today
Elon Musk's Net Worth Drops By $12 Billion After Decline In Tesla Shares
Following the big decrease in Tesla shares on May 24, Elon Musk's net worth suffered a setback. Following Tesla's downfall, the tech tycoon lost $12 billion from his net worth last week. In the midst of a 7% decrease in Tesla share prices, Elon Musk fell outside the exclusive $200 billion club, reducing his net worth to $192.7 billion as per the Bloomberg Billionaires Index.
Tags: Elon Musk, Tesla, $200 billion club, Net worth, Shares
Courtesy: Zee news
Indian Govt To Sell 1.5% Stake In ONGC To Raise Rs 3,000 Crore
The Government of India will sell 1.5% of its stake in the Oil and Natural Gas Corporation (ONGC) to raise a fund of Rs 3,000 crore. The offer for sale will be open on March 30 and 31, and the floor price for one share will be Rs 159. Notably, the government owns 60.41% of the stake in ONGC, which is estimated to produce half of India's oil and gas.
Tags: GoI, ONGC, business, Fund Raising, Shares
Courtesy: Press Trust Of India