India Pesticides IPO subscribed 4.79 times so far on last day

The initial public offering (IPO) of India Pesticides, one of India’s leading agrochemical manufacturers, has been subscribed 4.79 times so far on June 25, the last day of the bidding process. The public issue received bids for 9.25 crore equity shares against the IPO size of 1.93 crore equity shares. The portion…

As steel prices surge, Kalyani Steels may renegotiate deals with auto makers

A lot has been happening in the metals sector globally. With Russia being a major producer and exporter of metals, recently decided to impose new export taxes on steel, copper, aluminium and nickel, starting from August 1, it could spell a lot of opportunities opening up for the rest of the world. Closer home, in the…

Cryptocurrency prices on June 25: Bitcoin above $35k; Dogecoin soars 24%

The crypto market traded broadly in green on Thursday and Bitcoin rose nearly 8 percent. The market received a price boost after a piece of unconfirmed news on Twitter claimed that Paraguay, a country in South America, aims to make Bitcoin a legal tender. The rally also comes ahead of quarterly futures an expiry on…

Reliance’s new sunrise

Reliance has never lacked ambition. And its new energy and new materials plan unveiled at its annual general meeting on Thursday, while shocking in its audacity is not lacking in its believability. Executing mega-scale projects efficiently, economically, and swiftly is its core DNA. Over the years, many doubted…

Sensex, Nifty Likely To Have A Muted Opening

The domestic stock markets are likely to start the last trading day of the week on a muted note, post the rally witnessed in the previous session. Trends on SGX Nifty indicate a flat opening for the index in India, with a 10-point gain. At 7:30 am, the Nifty futures were trading around 15,847, higher by 10 points, on…

Stocks To Watch; ONGC, Ashok Leyland, Bank of Maharashtra, Cadila Healthcare

The domestic stock markets are likely to start the last trading day of the week on a muted note, post the rally witnessed in the previous session. Trends on SGX Nifty indicate a flat opening for the index in India, with a 10-point gain. At 7:30 am, the Nifty futures were trading around 15,847, higher by 10 points, on…

Investor Rakesh Jhunjhunwala Sees Years Of Double-Digit Stock Gains

Annual equity returns from Indian stocks will be about five percentage points on top of the economic growth of 7%-10% in coming years, according to billionaire investor Rakesh Jhunjhunwala. Known locally as India’s Warren Buffett due to his penchant for equity investing, Mr Jhunjhunwala is counting on the…

Government plans to set up bad bank structure by June 30

After the budget announcement on setting up a bad bank-like structure for faster resolution of NPA, the government may be ready with the blueprint.  As has been proposed, NARCL will take over the bad loans from banks by paying 15 percent in cash and 85 percent as Security Receipts. The security receipts will be…

Top stocks to watch out for on June 23

The Indian market is likely to open higher on Wednesday following a mixed trend in Asian peers. At 7:10 am, the SGX Nifty was trading 49.00 points or 0.31 percent higher at 15,819.00, indicating a positive start for the Sensex and Nifty50. HDFC Bank | The bank, along with its subsidiary HDFC Securities, will pick up a…

10 things you need to know before the opening bell on June 23

The Indian market is likely to open higher on Wednesday following a mixed trend in Asian peers. At 8:02 am, the SGX Nifty was trading 124 points or 0.79 percent higher at 15,881, indicating a positive start for the Sensex and Nifty50. 1. Wall Street: Stocks finished higher on Wall Street Tuesday, nudging the S&P…