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Bajaj Auto’s board has given the green light to a massive buyback Rs 4,000 crore share at a substantial price of Rs 10,000 per share, marking a 43% premium over the last closing price of January 8. The company plans to repurchase 40 lakh shares via the tender route, equivalent Read More

In a recent circular, the Securities and Exchange Board of India (SEBI) has introduced new regulations pertaining to short selling by institutional and retail investors. While most market observers explained that this is more of a clarification, these measures are however seen as steps to enhance transparency and provide timely Read More

Market regulator SEBI on Friday announced that naked short-selling not be permitted in the Indian securities market. According to the just-released SEBI circular, “all investors would be required to mandatorily honor their obligation of delivering the securities at the time of settlement.” The SEBI circular further states institutional investors are Read More

Plant-based speciality products company Sanstar Ltd has filed its draft papers with capital markets regulator Sebi to raise Rs 425-500 crore through an initial public offering.The total size of the Initial Public Offering (IPO) is up to 4.80 crore equity shares, comprising a fresh issue of up to 4 crore Read More

The Indian rupee was little changed on Wednesday, even as Asian currencies fell pressured by an uptick in Treasury yields as traders moderated bets on potential rate cuts in the U.S. this year. The rupee was at 83.33 as of 10:15 a.m. IST, barely changed from its close at 83.3175 Read More

In a remarkable comeback, foreign portfolio investors (FPIs) have pumped Rs 1.7 lakh crore into the Indian equity markets in 2023, propelled by confidence in the country’s robust economic fundamentals amid a challenging global landscape. The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in Read More

Solar panel maker Waaree Energies on Friday filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to Rs 3,000 crore and Offer For Sale (OFS) of 32 lakh equity shares by Read More

In the latest report on Indian industrials, Jefferies provides a comprehensive overview of the sector, pointing to several key indicators that signal robust performance and positive trends. The second quarter of FY24 saw a remarkable surge in order flows, witnessing a substantial 67% year-on-year (YoY) increase. Notably, Larsen & Toubro Read More

Six companies are set to make a splash on Dalal Street, collectively aiming to raise over Rs 7,300 crore through initial public offerings (IPOs). Among these, Tata Technologies and Indian Renewable Energy Development Agency (IREDA) stand out as major contenders. Here are the six upcoming IPOs for this week. Tata Read More

Indian stock markets have a reason to celebrate this Diwali with indices surging over 6%. From Diwali 2022 to Diwali 2023, both the Nifty and Sensex have witnessed substantial gains, reflecting the resilience and growth of the Indian economy. The National Stock Exchange’s benchmark index, Nifty 50, has climbed an Read More