on September 27, 2023 at 12:54 am

Abu Dhabi Investment Authority (ADIA) is reportedly looking to invest $600 million in Mukesh Ambani's retail empire, Reliance Retail Ventures (RRVL), at valuations significantly higher than those in the previous round three years ago. ADIA already holds a 1.2% stake in RRVL, alongside other investors such as KKR and Qatar. The current valuation is about 60% higher than the last round but lower than analysts' estimated value of $131 billion. RRVL, with a market value of $100 billion, is the 12th largest retail giant globally. Reliance Retail posted annual revenue of INR 2.6 trillion ($35 billion) in FY23.

on September 27, 2023 at 12:42 am

The qualified institutional buyers' portion was subscribed 1.06 times.

on September 27, 2023 at 12:38 am

Transworld Holdings (THL), the promoter of Shreyas Shipping, offered to acquire shares of the company from the public shareholders in May at an indicative price of ₹338. The indicative price was revised to ₹375 this month. The floor price determined as per delisting regulations was ₹292 per share.

on September 27, 2023 at 12:34 am

Canara Bank raised ₹5,000 crore through the issuance of 10-year infrastructure bonds at a coupon rate of 7.54%, sources said. The state-owned lender had announced a bond sale with a base size of ₹1,000 crore and a greenshoe of ₹4,000 crore.

on September 27, 2023 at 12:30 am

GapUp promises to be the nexus of expertise, bringing together financial experts, fashion mavens, tech innovators, business coaches, fitness experts, travel gurus, and more. With features that enable influencers to initiate courses, live interactions, and foster vibrant communities, GapUp ensures an immersive learning experience for its users.

on September 27, 2023 at 12:27 am

Companies that manage to raise funds through public listing, share sale to private equity or through the sale of assets prefer to pay up the credit availed from such funds, which are usually at near usurious interest rates, rather than waiting for the debt to mature.

on September 27, 2023 at 12:19 am

The central bank triggers fresh flotation of market loans when the government of India utilises 75 % of the WMA limit,a release by the RBI said.

on September 27, 2023 at 12:08 am

The regulator had earlier mandated that trading and demat accounts that do not have a choice of nomination by September 30 would be frozen.

on September 27, 2023 at 12:04 am

Nuvama's listing was part of a demerger plan, where the company allotted 1.05 crore shares to the shareholders of Edelweiss Financial on a proportionate basis. Private equity fund PAG owns a 56% stake in Nuvama, while Edelweiss Group holds 14%. Public shareholders of Edelweiss Financial Services hold the rest of the 30% stake.

on September 26, 2023 at 11:58 pm

Essentially, the domestic government bond market will be watched in accordance with certain global criteria of liquidity and trading ease. The sovereign credit rating and tax policies of the government also assume greater significance as large dollar inflows enter India.

on September 26, 2023 at 11:36 pm

The outlook for US yields remained tilted to the upside as the world's largest economy has performed better than expected despite aggressive tightening from the Federal Reserve over the last year and a half

on September 26, 2023 at 6:10 pm

"The downgrade reflects elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, in particular the $1 billion bonds maturing each in January 2024 and August 2024," Kaustubh Chaubal, the lead Moody's analyst on the conglomerate, said Tuesday.

on September 26, 2023 at 6:02 pm

IFIN had in February made an interim distribution payout of ₹3,200 crore to creditors. With the latest distribution, total interim payouts by IFIN currently stands at ₹4,007 crore.

on September 26, 2023 at 4:56 pm

Alibaba said in a filing that it had submitted a spin-off proposal to the Hong Kong Stock Exchange, and that it has received confirmation to proceed

on September 26, 2023 at 4:40 pm

Chase has become the latest lender in the UK to restrict customers' access to crypto amid long-running concerns over its use in online scams run by criminals

on September 26, 2023 at 4:16 pm

With the termination of the agreement, the investor group's nominee director on Suzlon's board, Hiten Timbadia, has also resigned with effect from September 26, Suzlon added

on September 26, 2023 at 4:12 pm

The company caters to customers across segments including government and semi-government projects, refineries, fertilizer plants, power sector, pharma among others.

on September 26, 2023 at 4:04 pm

Nifty on Tuesday ended 10 points lower to form an Inside Body candle indicating continuation of a range-bound trend in the near future

on September 26, 2023 at 3:59 pm

Fincare SFB applied for the IPO afresh in May. It initially filed draft papers last year but needed to refile the proposal with a fresh set of numbers as Sebi sought more information

on September 26, 2023 at 3:56 pm

​Aditya Birla Finance’s assets under management (AUM) as of June 30, stood at Rs 85,891 crore, up 49% from the year-ago period. The fund infusion by the Aditya Birla Group company comes just a day after Bajaj Finance said its board will meet on October 5 to consider raising funds through preferential issue of shares or a qualified institutional placement

on September 26, 2023 at 3:42 pm

The BSE benchmark Sensex declined 0.12% to settle at 65,945, while NSE Nifty ended below the 19,700 level

on September 26, 2023 at 3:38 pm

Brent crude futures were higher by 83 cents, or 0.89%, at $94.12 a barrel at 1:33 p.m. EDT (1733 GMT), while U.S. West Texas Intermediate crude futures were trading 91 cents higher, or 1.01%, at $90.59

on September 26, 2023 at 3:09 pm

Germany's 10-year government bond yield, the euro area's benchmark, was last flat at 2.788%, having briefly hit a 12-year high of 2.813% in early trade. Bonds yields move inversely with prices.

on September 26, 2023 at 3:07 pm

The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of Rs 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof

on September 26, 2023 at 3:04 pm

on September 26, 2023 at 2:55 pm

​​The Federal Reserve last Wednesday said that it may hike rates further and was likely to keep them elevated for a longer time as it battles to bring inflation closer to its 2% annual target.

on September 26, 2023 at 2:28 pm

Inflation staying above the Fed's 2% target remains a greater risk than tight central bank policy slowing the economy, Chicago Fed president Austan Goolsbee said on Monday.

on September 26, 2023 at 2:00 pm

The agency has also downgraded to Caa3 from earlier Caa2 its rating on the senior unsecured bonds issued by Vedanta Resources and those issued by its arm Vedanta Resources Finance II Plc, and guaranteed by VRL

on September 26, 2023 at 1:39 pm

The committee has decided to call for original PACL registration certificates from eligible investors with claims between Rs 17,001 and Rs 19,000, whose applications have been successfully verified, according to a statement published on Sebi's website on Monday.

on September 26, 2023 at 1:39 pm

At 11:51 a.m. ET, the Dow Jones Industrial Average was down 330.43 points, or 0.97%, at 33,676.45, the S&P 500 was down 52.69 points, or 1.21%, at 4,284.75, and the Nasdaq Composite was down 167.55 points, or 1.26%, at 13,103.77

on September 26, 2023 at 1:38 pm

Signature Global is commanding a GMP of Rs 41 in the unlisted market. Sai Silks' GMP is around Rs 7 as against the offer price of Rs 222, which means the listing premium will likely be a mild 3%

on September 26, 2023 at 1:21 pm

The reason for the withdrawal is not known yet. The public sector firm had filed its draft red herring prospectus with Sebi in September last year. The public issue was to be an offer-for-sale where the government will sell up to 3.25 crore shares.

on September 26, 2023 at 12:53 pm

Earlier, the regulator said all trading accounts and dematerialised accounts, which do not have ‘choice of nomination’ by September 30, will be frozen. Further, with respect to demat accounts, SEBI has extended the last date for submission of ‘choice of nomination’ to December 31, according to its circular

on September 26, 2023 at 12:27 pm

on September 26, 2023 at 12:17 pm

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on September 26, 2023 at 11:59 am

​A drop in Singapore's gross refining margins (GRMs) is also likely to impact the 02C earnings​

on September 26, 2023 at 11:56 am

The NSE Nifty index closed 9.85 points down at 19664.7 ....

on September 26, 2023 at 11:51 am

The 30-share BSE Sensex closed down 78.22 points at 65945.47

on September 26, 2023 at 11:49 am

India aims to borrow 6.55 trillion rupees ($78.68 billion) on a gross basis through the sale of bonds in October-March, and officials of India's federal government and the central bank are meeting in New Delhi on Tuesday to finalise the borrowing plan for October to March, two sources told Reuters.

on September 26, 2023 at 11:44 am

Srivastava expects the benchmark Brent crude contract to rise above $100 per barrel, with the 10-year U.S. yield hitting 5%. This would give a good opportunity to build fresh 10-year India bond positions, he said.

on September 26, 2023 at 11:43 am

Stocks that were in focus include names like Apar Industries which was up nearly 7%, Varun Beverages closed with gains of over 4% and TVS Motor Company rose nearly 1% to hit a fresh all-time high on Tuesday.

on September 26, 2023 at 11:41 am

The 30-share BSE Sensex closed down 78.22 points at 65945.47

on September 26, 2023 at 11:38 am

On September 25, Monday, StockEdge identified 28 stocks with a rising Relative Strength Index (RSI). ETMarkets has chosen 10 stocks from this group to explore the importance of RSI and its role in assessing stock movements.

on September 26, 2023 at 11:36 am

The Nifty Realty index closed 0.31 per cent up at 571.8.

on September 26, 2023 at 11:34 am

The inability of bulls to witness any sustainable upside bounce from here could eventually result in a decisive downside breakout of the present range movement

on September 26, 2023 at 11:31 am

On September 25, Monday, StockEdge highlighted 6 stocks that were overbought but showed bearish RSI trends. ETMarkets delves into 10 of these stocks to shed light on the significance of the Relative Strength Index (RSI).

on September 26, 2023 at 11:26 am

The Nifty Pharma index closed 0.24 per cent down at 14981.65.

on September 26, 2023 at 11:24 am

on September 26, 2023 at 11:21 am

The Nifty Auto index closed 0.35 per cent up at 16278.25.

on September 26, 2023 at 11:16 am

The 30-share BSE Sensex closed down 78.22 points at 65945.47