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Welcome to BK Shri Finsol

BK Shri Finsol is an Investment Consultant based at Lucknow with the objective of providing investors the best investment option that suits them and helps them to achieve their financial goals.

At BK Shri Finsol we believe that high-quality, professional investment planning can only be achieved through expert, transparent and unbiased services. In our endeavor to provide 'best in class' Investment, Insurance, Estate PlanningSolutions, we listen to our clients carefully, aiming to understand their immediate and long-term financial goals. We then use our extensive market knowledge and expertise to provide a financial advice, that our clients can trust.

2023-01-28T22:37:34+05:30

Adani Enterprisesâ€™ FPO gets a muted start

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.

2023-01-28T09:07:29+05:30

What is an FPO & how does it benefit the company, shareholders?

2023-01-25T13:17:20+05:30

Adani FPO open from Friday: Dates, price band, review, other details in 10 points

The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.

2023-01-25T11:58:15+05:30

PayMate India told to re-file IPO papers with updated info

The capital markets regulator said it returned PayMate's offer document back to its merchant bankers on January 17. PayMate said in a press release it aims to submit the mandatory system audit report (SAR) to the Reserve Bank of India by the second week of February. Submission of SAR to the central bank is part of the standard operating protocol to receive final approval from the central bank as payment aggregator, it said.

2023-01-25T06:28:10+05:30

Hotel development and investment firm SAMHI planning to file revised DRHP

The Goldman Sachs- and Equity International-backed company had filed a DRHP with the markets regulator in 2019 to raise about Rs 1,900 crore through an initial public offering of shares, but the plan was shelved due to the pandemic.

2023-01-24T10:42:23+05:30

Avalon Tech gets Sebi nod for IPO; PayMate India asked to refile draft papers

The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements

2023-01-23T19:36:31+05:30

Reliance Jio, Retail IPOs unlikely this year: JP Morgan

RIL is currently in a mini-capex cycle across petrochem, telecom (Jio) and new energy businesses, bringing the focus back on the company's capex and rising debt. "While RIL does not give a capex guidance, we expect overall spending levels to moderate as spectrum acquisition is behind us and large immediate spending in the new energy business is unlikely," the brokerage said.

2023-01-23T13:27:38+05:30

Gautam Adani Group plans atleast 5 IPOs in 2 years between 2026 and 2028

2023-01-21T18:42:18+05:30

Asiaâ€™s richest man plans on IPOs for at least five companies

Adani Group has consistently aligned itself to support Prime Minister Narendra Modiâ€™s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.

2023-01-21T17:07:15+05:30

Rashi Peripherals files DRHP to raise Rs 750 cr via IPO

According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.

2023-01-19T19:05:13+05:30

Adani FPO opens Jan 27 at Rs 3,112-3,276 per share

The company will offer partly paid shares to retail investors at a discount of â‚¹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.

2023-01-19T06:54:18+05:30

Tata Tech starts work on IPO to raise up to Rs 4,000 crore

Secondary share sale to offer exit to legacy fin investors, growth equity for expansions.

2023-01-19T06:00:00+05:30

Oyo to refile updated DRHP with Sebi by mid-Feb

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyoâ€™s last submission to Sebi was the updated financial results of the first half of financial year 2022-23.

2023-01-18T10:48:48+05:30

Innova Captab, Blue Jet Healthcare get Sebi's nod to float IPO

As per the draft papers, Innova Captab's proposed IPO comprises fresh issuance of equity shares worth Rs 400 crore and an offer for sale (OFS) of 96 lakh equity shares by promoters and other shareholders.

2023-01-17T20:22:56+05:30

Sebi returns Lava International's draft IPO papers; asks to refile with updates

The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.

2023-01-17T19:55:27+05:30

Two pharma companies get SEBI nod to raise funds via IPO

Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.

2023-01-17T17:18:33+05:30

Adani Enterprises to launch Rs 20,000 crore FPO

2023-01-17T10:06:01+05:30

Adani Enterprises files papers for Rs 20,000 crore FPO

The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.

2023-01-17T06:45:25+05:30

IPOs delayed as Dalal Street stays volatile, investors bearish

In the past six months, 27 companies with IPO plans worth â‚¹38,000 crore have allowed their regulatory approvals to lapse, according to Prime Database numbers. Similarly, the permissions to another nine firms planning to raise a total of â‚¹15,000 crore are set to expire over the next two months.

2023-01-16T06:34:27+05:30

Furniture Retailer Stanley Lifestyles plans Rs 700-cr IPO

The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or â‚¹170 crore in the company for a 26% stake.

2023-01-13T06:22:54+05:30

Cyient unit files DRHP for Rs 740 crore IPO

Cyient DLM focuses on highly complex, low-volume electronics manufacturing for safety-critical segments. The company had last year appointed Anthony Montalbano as its CEO.

2023-01-10T11:00:22+05:30

International Holding Company, Gulf SWFs may go big on Adani Enterprisesâ€™ $2.5 billion FPO

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as â‚¹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.

2023-01-10T06:35:27+05:30

Why SME IPOs are emerging as top fund-raising platform for promoters

For a developing country such as India, Small and medium enterprises (SMEs) are the wheels that turn the economy, and SMEs contribute to one-third of India's GDP. The SMEs have played an essential role in India's socio-economic development and in globally developed countries such as Germany. In fact, SMEs generate 54.4% of overall value added in Germany and 63.7% of overall employment in the German non-financial business economy.

2023-01-08T11:59:34+05:30

JG Chemicals files preliminary papers with Sebi; to raise funds via IPO

Proceeds from the fresh issue will be used for investment in its material subsidiary BDJ Oxides. It will use Rs 45 crore in repayment of borrowings availed by its arm, Rs 5.31 crore will be used for setting up a Research & Development centre, Rs 65 crore will be used to fund the long-term working capital requirements of its material arm.

2023-01-06T17:07:32+05:30

IPO tips from Zerodha CEO Nithin Kamath for B2C startups

He said setting right expectations, being transparent and not overselling are great ways to reduce the volatility of the stock price pre and post-IPO. "Doing this well can make shareholders feel like owners & help reduce customer acquisition costs, the biggest cost for B2C businesses."

2023-01-05T14:00:23+05:30

Radiant Cash lists at over 9% premium to IPO price

Shares of the cash logistics player closed at â‚¹106.50, a 13% premium to the issue price. This is the first IPO to close above the offer price on listing day in the past six issues.

2023-01-05T06:24:44+05:30

Sah Polymers IPO subscription closes today: Check GMP & other details

The quota for retailers was subscribed 39.78 times whereas the portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.

2023-01-04T13:53:16+05:30

Sebi returns OYO's draft IPO papers; asks to refile with updates

The company had filed its Draft Red Herring Prospectus (DRHP) with Sebi in September 2021 and is aiming to raise Rs 8,430 crore

2023-01-03T16:17:23+05:30

Sah Polymers IPO subscription to close tomorrow: Check GMP & other details

The company is selling its shares in the range of Rs 61-65 apiece between December 30 and January 4, in a lot size of 230 equity shares

2023-01-03T13:56:50+05:30

IPO pipeline in 2023: 54 companies waiting to raise Rs 84,000 crore

Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.

2023-01-03T13:53:28+05:30

40 IPOs gave an average listing day gain of 10% in 2022: Report

Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.

2023-01-03T13:49:18+05:30

A lot is riding on Mamaearth's Street debut for FMCG Inc

In the past two years, several large FMCG companies, such as HUL, ITC, Marico, Emami, Reckitt, Wipro Consumer and Colgate Palmolive, have picked up stakes in DTC digital-led startups that garnered popularity among consumers during the Covid-19 pandemic.

2023-01-03T06:17:35+05:30

Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

Going by the draft papers, the firm may explore a pre-IPO placement aggregating to Rs 15 crore. If such a placement is undertaken, the size of the fresh issue will be reduced.Proceeds from the issue worth Rs 59.50 crore will be utilised towards financing the expansion of its manufacturing facility in Nashik and for general corporate purposes.

2023-01-02T16:23:01+05:30

Sah Polymers IPO subscribed 2.37 times on Day 2

Reliance Securities said while the company has a quality product mix, strong customer base across geographies and industries, good financials and a wide product portfolio, the issue seems pricey based on the current financials.

2023-01-02T15:56:52+05:30

Oyo IPO likely to get delayed by a quarter as SEBI seeks refiling with updated information

Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.

2022-12-31T17:49:43+05:30

2022's last IPO: Sah Polymers issue open from today. Should you subscribe?

Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.

2022-12-30T11:30:50+05:30

KFin Tech closes a tad below issue price on listing day

The stock closed at â‚¹364 apiece on the BSE, down 0.55% from its IPO price of â‚¹366. The stock touched a high of â‚¹372.40 and a low of â‚¹351.10 during Thursday's trading. Analysts are advising short-term investors, who bet on KFin Tech's public issue, to book profits and re-enter after a clear trend emerges.

2022-12-30T06:10:43+05:30

The biggest, best and worst-performing IPOs of 2022

2022-12-29T18:19:30+05:30

Survival Technologies files draft papers with Sebi to raise Rs 1,000 crore

The OFS will see the sale of shares to the tune of Rs 544.41 crore by Vijaykumar Raghunandanprasad Agrawal, Rs 212.41 crore by Nimai Vijay Agrawal and Rs 43.18 crore by Prabha Vijay Agarwal.Going by the draft papers, the company may explore a pre-IPO placement. If such a placement is undertaken, the size of the fresh issue will be reduced.

2022-12-29T17:29:26+05:30

Elin Electronics IPO to list on December 30; here's what grey market signals

The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone.

2022-12-29T13:48:00+05:30

The biggest, best & worst-performing IPOs of 2022

However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.

2022-12-29T13:23:22+05:30

Sah Polymers IPO to open on December 30. GMP, price band and other details here

As per market observers, the GMP for Sah Polymers was Rs 6 as of December 28, 2022. It has remained positive in the last three sessions. However, the buzz around the stock has been mixed among retail investors, but many brokers have recommendations on the IPO. The company's shares are expected to list on BSE and NSE on January 12, 2023.

2022-12-29T13:14:37+05:30

Indian companies likely to raise funds via public issues in 2023 as cash tightens: Bankers

"As rates are settling at higher levels, retail investors would be keen to put funds in public issues," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.

2022-12-29T10:54:40+05:30

Personal care brand Mamaearthâ€™s parent files papers for Rs 400 crore IPO

The OFS will see founders Varun Alagh and Ghazal Alagh and investors such as Sofina, Fireside Ventures, Evolvence India, Stellaris, and angel investors Kunal Bahl, Rishabh Mariwala, Rohit Bansal, and Shilpa Shetty Kundra, dilute their stakes.

2022-12-29T10:42:33+05:30

KFin Technologies IPO: Grey market signals a weak listing

The Rs 1,500-crore IPO of KFin Technologies was subscribed 2.59 times at the end of the three-day bidding process. The company received bids for 6.15 crore shares against the offered 2.38 crore shares. The portion reserved for qualified institutional buyers was subscribed 4.17 times, while retail investors bid for 1.36 times the shares set aside for them. Only 23% of the non-institutional investors' portion was subscribed.

2022-12-28T12:03:55+05:30

Elin Electronics IPO: Hereâ€™s how to check share allotment status and GMP

The Kolkata-based companyâ€™s IPO consisted of fresh issue of shares worth up to Rs 175 crore, and an offer for sale by promoter entities and other shareholders worth up to Rs 300 crore

2022-12-27T19:26:32+05:30

Radiant Cash Management IPO subscribed 53% on last day

The IPO consists of fresh issue of Rs 60 crore and an offer for sale of Rs 327.9 crore by the founders and other investors. The company is selling its shares in the range of Rs 94-99 apiece and in lot sizes of 150 equity shares and its multiples thereof.

2022-12-27T14:21:38+05:30

Radiant Cash Management IPO subscribed only 11% on Day Two

Brokerage firms are majorly positive on the issue, suggesting to subscribe to it, considering the valuations and business model. However, others are skeptical over the company due to rising competition and rich valuations.

2022-12-26T18:22:57+05:30

Sah Polymers IPO to kick off on December 30; price band fixed

Incorporated in the year 1992, Sah Polymers is a leading PP woven bag manufacturer in India (Udaipur, Rajasthan). It manufactures and exports PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs) and BOPP laminated bags.

2022-12-26T13:25:01+05:30

Adani Group says FPO to continue as planned; rules out changes in price, dates of FPO

2023-01-28T22:37:34+05:30

India should catch up with global peers once Union Budget is over: Safir Anand

"If you have a global portfolio and your portfolio starts going up, then your allocation to India as a percentage will fall and there is no doubt in the world that India is going to grow, the debates are not on growth, it is on issues that seem to be more temporary in nature."

2023-01-28T17:58:01+05:30

Adani Enterprises says $2.5 billion share sale on track even as bankers mull changes

Bankers on the deal were considering extending the sale or cutting the issue price after shares of Adani plunged following a report from a U.S. short seller, three people familiar with the matter told Reuters on Saturday.

2023-01-28T17:02:17+05:30

$1.5 billion outflows likely if Adani groupâ€™s weight in MSCI index halved: Nuvama

If the index provider intends to exclude the stocks and a few of the names continue to trade at lower circuits with no liquidity, then MSCI can postpone their exclusion until there is enough liquidity visible on the counter.

2023-01-28T16:58:08+05:30

Two Adani group stocks Nooresh Merani is betting on

If you are an investor, go ahead and deploy 40-50% of the cash and the rest post Budget. As a trader, you cannot take a lot of trading positions because you do not want to be on a gap up or a gap down without a view and an event is not something you have a view on because if you are trading technical, you are trading momentum and as of now the momentum is on the downside.

2023-01-28T15:40:01+05:30

NTPC Q3 Results: PAT rises 5% YoY to Rs 4,476 crore; board approves Rs 4.25/share dividend

The power generatorâ€™s operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 36% YoY to Rs 13,239 crore, but the operating margin dipped 16 basis points to 31.97%.

2023-01-28T15:35:28+05:30

In Hindenburg vs Adani clash, will banks emerge as biggest casualty?

According to the American research firm, 4 of the group companies â€“ Adani Green Energy, Adani Total Gas, Adani Transmission, and Adani Enterprises have negative free cash flows.

2023-01-28T15:33:01+05:30

How Nifty has fared over last 10 years on Budget day under different finance ministers

2023-01-28T14:49:42+05:30

Union Budget 2023: Expect modest fiscal consolidation

We expect the fiscal deficit to consolidate to 5.8% of GDP in FY24. Gross tax revenue growth is likely to moderate ~7% in FY24 (vs. estimated 11% in FY23). While direct tax and GST buoyancy could stay healthy in FY24 and RBI dividend could improve, we could see moderation in other components of indirect taxes, marginally lower PSU dividend and spectrum-related telecom receipts. The Disinvestment pipeline has also cooled off after the LIC stake sale.

2023-01-28T14:46:29+05:30

Bankers on Adani $2.5 billion share sale consider delay, price cut after rout

Seven listed companies of the conglomerate controlled by one of the world's richest men, Gautam Adani, have lost a combined $48 billion in market value since Hindenburg Research on Tuesday flagged concerns about debt levels and the use of tax havens.

2023-01-28T14:39:28+05:30

Dalal Street Week Ahead: How to navigate highly volatile Budget week?

Nifty has violated the 20-Week MA on the weekly charts and also the 100-DMA. In the process, the index has dragged its resistance points lower. The coming week has strong resistance at 17,750 and 17,860 levels. Supports come in at 17,400 and 17,250 levels.

2023-01-28T14:09:36+05:30

ETMarketsâ€™ Investors Guide: Investing strategy for Budget day

2023-01-28T14:03:33+05:30

Union Budget expectations: Pragmatism & hope

With over 60 insurers between life and general insurance and a large number of them being joint ventures, there is really an acute shortage of local partners, who either have the ability or the inclination to get into this space.

2023-01-28T13:39:19+05:30

Track Record: Why Nifty may cheer investors after Budget

The main reason behind this phenomenon is the uncertainty regarding the Budget. Investors tend to tread lightly before the event. Profit booking by market participants causes the prices to plunge a week before the Budget, discounting all the fears that investors have.

2023-01-28T13:20:32+05:30

Budget needs to incentivise retail participation to invest in sovereign bonds

The Finance Minister should incentivise retail participation by bringing some tax advantages for those who at least are investing in the sovereign bonds and state development loan papers (SDLS), Thus, getting more retail money for government fundraising and meeting its fiscal deficit.

2023-01-28T12:23:40+05:30

Market may remain in a sell-on-rally mode till Nifty stays below 17,850: Rupak De

After two days of back-to-back big red candles, the market participants may prefer waiting before the big day. Therefore, a range-bound movement before the budget looks very much possible.

2023-01-28T11:57:45+05:30

If I were FM: Dr Vikas Gupta highlights 7 suggestions for Budget 2023 to boost growth & digital transformation

To accelerate the growth of railways under the NRP 2030 I am increasing the budget to INR 2 lakh crore. The focus will be on accelerating the Dedicated Freight Corridors and also increasing the pace of the Bullet Train (high speed) and Vande Bharat (semi-high speed) railway projects.

2023-01-28T11:47:20+05:30

What to expect from the upcoming Union Budget 2023 as an AIF Asset Manager

Accreditation of investors has been introduced by SEBI as a way to determine investor maturity and therefore reduce investment ticket size. With the increase in private wealth and the growth of HNIs, it is necessary to provide a significant policy push to this initiative. If accreditation becomes â€œdigitalâ€ and hence instantaneously verifiable, the impact on deepening AIF penetration could be transformational.

2023-01-28T11:34:37+05:30

Teslaâ€™s best week since 2013 spurs bets that worst is over

A big hurdle for the stock will come next week when the Federal Reserve is expected to raise rates and will give a sense of the path forward for future hikes. A hawkish tone could derail Teslaâ€™s strong start to the year.

2023-01-28T11:24:39+05:30

These 5 Adani Group companies have over Rs 81,000 crore bank debt

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2023-01-28T10:56:55+05:30

Tata Motors among 5 stock ideas that can rally up to 35%: Yes Securities

2023-01-28T10:28:44+05:30

ET Explained: India completes transition to T+1 settlement cycle

Globally, T+2 system is still the most dominant one with most of the developed markets such as the US, Japan and Germany following the longer settlement cycle. Even the majority of the emerging markets follow the same standard.

2023-01-28T10:26:15+05:30

MSCI seeks feedback on Adani Group over Hindenburg report

Adani Group did not immediately respond to Reuters request for comment. It has dismissed the Hindenburg report as baseless and said it was considering whether to take legal action against the New York-based firm.

2023-01-28T10:16:09+05:30

Mind Over Money: 30-60 minutes of meditation daily help this head of investments manage stress

Even though the modality or the forms may change, the determination to keep aside 30 minutes - 1 hour every day - remains unchanged. Learning about the experience of many, a 10-day vipassana meditation is on my list. Not sure when but I am certain I want to experience it.

2023-01-28T10:14:30+05:30

Adani stocks fall for second straight day, bonds too hit

While Adani Total Gas, Adani Energy, and Adani Transmission shares plunged 20%-the lowest levels of the day, Adani Ports and Adani Enterprises dropped 16% and 19%, respectively. Adani Power and Adani Wilmer shares dropped 5% each.

2023-01-28T09:58:13+05:30

Tiny crypto ETFâ€™s 100% surge puts it atop best-performers race

The slew of bad news has been relentless for the industry â€”from companies filing for bankruptcies to those laying off large chunks of their staff. Still, crypto faithfuls maintain belief in the coin even as the industry grapples with one of its darkest stretches yet amid the fallout from the FTX implosion.

2023-01-28T09:57:28+05:30

Wall Street ends higher, notches weekly gains as Fed meeting looms

The Commerce Department's hotly anticipated personal consumption expenditures (PCE) report arrived largely in line with consensus, showing softening demand and cooling inflation - which is exactly what the Federal Reserve's restrictive interest rate hikes are intended to accomplish.

2023-01-28T09:36:25+05:30

Wall St Week Ahead: Recession fears pose challenge to energy shares after stellar year

Economists and analysts in a Reuters survey forecast U.S. crude would average $84.84 per barrel in 2023, compared to an average price of $94.33 last year, citing expectations of global economic weakness. U.S. crude prices recently stood at around $80 per barrel.

2023-01-28T09:30:12+05:30

Adani loan exposure fears hit big bank shares

"The market seems to be looking at some adverse scenarios of banks' exposure to the Adani Group especially when their share prices are falling," said Siddarth Bhamre, head of research Religare Broking. "That is weighing down the risk appetite for bank shares."

2023-01-28T09:28:56+05:30

This sector drove in top gear over bears to clock best weekly returns

Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.

2023-01-28T09:22:09+05:30

SBI says Adani exposure well below RBI limit

"While as a matter of policy we don't comment on individual clients, in the interest of setting the context right, we wish to clarify that SBI's exposure to Adani group is well below the Large Exposure Framework," said SBI's managing director in charge of corporate banking and subsidiaries, Swaminathan J. "All exposure to the group from SBI is secured by cash generating assets with adequate escrow mechanism in place, hence debt service will not be a challenge."

2023-01-28T09:20:30+05:30

Rout in Adani Group stocks, banks drags down indices

The Sensex closed at 59,330.90, down 874.16 points, or 1.45%, from the previous close, after briefly slipping below 59,000 during Friday trade. The Nifty fell 287.60 points, or 1.61%, to end at 17,604.35. Both indices posted their biggest single-day fall in four months to retreat to levels last seen at the end of October 2022.

2023-01-28T09:15:20+05:30

Adani Enterprisesâ€™ FPO gets a muted start

According to the offer documents, the company proposes to use '4,165 crore of the issue proceeds to repay the debt owed by the company and three subsidiaries - Adani Airport Holdings, Adani Road Transport and Mundra Solar.

2023-01-28T09:07:29+05:30

India weighs Norway funds decision to sell Bel shares

Norway's sovereign wealth fund Norges Bank Investment Management, one of the world's largest, has divested its shares in Bharat Electronics Limited (Bel) for selling weapon systems to the Myanmar junta. The Indian government is studying the move made by the Fund as Norway is emerging as a key economic partner from northern Europe.

2023-01-27T23:42:05+05:30

L&T Q3 Results Preview: Order inflows to fall sharply, here's what else to expect

2023-01-27T21:43:48+05:30

Intel's 'historic collapse' set to erase $10 billion from market value

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.

2023-01-27T21:36:09+05:30

Aditya Birla Sun Life AMC Q3 Results: PAT drops 11% YoY to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing.

2023-01-27T21:17:33+05:30

Fed seen ending rate hikes by March as inflation slows

The U.S. central bank's preferred gauge for inflation, the personal consumption expenditures (PCE) price index, rose 5.0% in December from a year earlier, slower than the 5.5% 12-month gain as of November, the government reported on Friday, and the lowest level since September 2021.

2023-01-27T21:13:15+05:30

Sebi bans 19 entities from securities mkt for fraudulent trading in Superior Finlease shares

Any person indulging in spreading misinformation or false and misleading information through the use of social media messaging applications like Telegram, Whatsapp etc., which are being used by millions of people can cause irreparable damage to the integrity of the securities market within a short span of time like a forest fire, thereby eroding the confidence of the investors in the securities market in a matter of no time," Sebi noted.

2023-01-27T20:50:02+05:30

US stocks open lower on Intel warning, inflation data limits fall

The S&P 500 opened lower by 6.71 points, or 0.17%, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36%, to 11,470.47 at the opening bell.

2023-01-27T20:16:02+05:30

Bajaj Finance Q3 profit jumps 40% YoY to Rs 2,973 crore

The consolidated results include the earnings of its wholly owned subsidiaries -- Bajaj Housing Finance, Bajaj Financial Securities, and its associate company Snapwork Technologies.The asset quality of the non-banking finance company improved with gross non-performing assets falling to 1.14% at the end of December against 1.73% a year back. Net NPA was at 0.41% against 0.78%.

2023-01-27T20:12:42+05:30

Sebi bans 24 entities from securities mkt for 3 yrs in Sulabh Engineers matter

Accordingly, Sebi has barred the entities "from accessing the securities market for a period of three years ... and are also prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for the same period"

2023-01-27T20:06:55+05:30

US GDP rose 2.9% in Q4 after a year of high inflation, Will Fed pause now?

2023-01-27T20:00:18+05:30

These 5 IT stocks touched new 52-week low on Friday

2023-01-27T19:39:05+05:30

Zerodha to improve liquidity in auction markets: Nithin Kamath

To settle short-delivered trades, exchanges conduct a 30-minute auction from 2 PM on T+1 (used to be T+2). If the short-delivered stock is a mid or small-cap stock, then the price can trade as much as 20% away from the current market price due to low participation in auctions

2023-01-27T19:36:49+05:30

Market Watch: FIIs sell Indian stocks worth nearly Rs 6,000 crore

2023-01-27T19:36:42+05:30

Hindenburg impact: Adani Enterprises FPO subscribed just 1% on Day 1

The company received total bids of 4,70,160 shares against the issue size of 4,55,06,791 shares. The portion reserved for retail investors got bids for 3,99,880 shares against 2,29,08,464 shares on offer.

2023-01-27T18:24:14+05:30

LIC doubles down on Adani amid short seller row

State-controlled Life Insurance Corp. of India is spending about 3 billion rupees ($37 million) as an anchor investor in a $2.5 billion new share sale by Adani Enterprises Ltd., according to a filing. The investment would add to its current holding of 4.23%.

2023-01-27T18:14:19+05:30

Who is behind Hindenburg, the company that is shorting Adani?

Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, Hindenburg says it looks for "man-made disasters," such as accounting irregularities, mismanagement and undisclosed related-party transactions. The company invests its own capital

2023-01-27T17:58:18+05:30

Gold falls Rs 70; silver jumps Rs 451

Gold prices fell due to a strong US economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Fed officials are expecting the rates to be above 5 per cent by the end of this year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said

2023-01-27T17:52:42+05:30