Piramal Pharma rights issue 2023 has opened for subscription today and interestred applicants would be able to apply for the rights offer till 17th August 2023. Those who held Piramal Pharma shares on rights issue record date i.e. 2nd August 2023, they are eligible for applying to this rights issue of the pharma company. Piramal Pharma has… Continue reading Piramal Pharma rights issue opens today. Price, ratio, other details in 5 points
Author: Tony Mash
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Stocks slide, weighed down by worries about banks and China: Stock market news today
Stocks sank on Tuesday, set to open in the red after surprisingly weak Chinese trade data and a warning about US bank health sent shivers through markets. Futures on the Dow Jones Industrial Average (^DJI) fell about 0.5%, or 180 points. Meanwhile, those on the S&P 500 (^GSPC) and the tech-heavy Nasdaq 100 were both… Continue reading Stocks slide, weighed down by worries about banks and China: Stock market news today
Stocks to buy: Experts recommend these top mid and large cap stocks for August
Over the recent months, inflation has dropped. Given the robust US job market, the Euro region’s resiliency, and the global supply chain index’s pre-pandemic levels, analysts at Yes Securities feel this is more a result of supply restoration than demand destruction. This is a reassuring indication that rate hikes will shortly come to an end,… Continue reading Stocks to buy: Experts recommend these top mid and large cap stocks for August
NSEL case: Sebi cancels MMTC’s stock broker licence, existing clients can withdraw funds in 15 days
MTC traded in ‘paired contracts’, which did not have regulatory approval, the Sebi order said. The Sebi also directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days. In case a client fails to do so, the broker will transfer the funds and securities… Continue reading NSEL case: Sebi cancels MMTC’s stock broker licence, existing clients can withdraw funds in 15 days
Indian shares set to open lower as investors eye RBI decision, US inflation
Indian shares are set to open lower on Tuesday on caution ahead of inflation data from major economies and the Reserve Bank of India’s monetary policy decision later this week, while foreign inflows into domestic equities also showed signs of moderation. India’s GIFT Nifty on the NSE International Exchange was down 0.18% at 19,646.50, as… Continue reading Indian shares set to open lower as investors eye RBI decision, US inflation
Bajaj Finance partners with new partner ICICI Lombard General Insurance to offer motor insurance policies – ET Auto
These policies provide extensive coverage against various risks and damages to vehicles. Here are some of the key features and benefits offered by ICICI Lombard two-wheeler and car insurance policies: Offers comprehensive coverage: Get complete coverage for the insured vehicle as well as for the third party. Offers own damage cover: These policies cover damages… Continue reading Bajaj Finance partners with new partner ICICI Lombard General Insurance to offer motor insurance policies – ET Auto
India Shelter Finance files for ₹1,800 crore IPO paper with Sebi
Affordable housing finance company India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, has filed preliminary papers with the capital markets regulator Sebi to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issuance of equity shares worth ₹1,000 crore by the company, and an offer for sale of… Continue reading India Shelter Finance files for ₹1,800 crore IPO paper with Sebi
Electronica Finance snags $15 mn from European investor
Electronica Finance Ltd, which provides loans to micro, small and medium enterprises, has raised $15 million (Rs 124 crore) in debt from impact investor Global Climate Partnership Fund (GCPF). The financing provided under the deal will be for six years, the Pune-based non-banking financial company (NBFC) said Monday. Electronica plans to use the funds to… Continue reading Electronica Finance snags $15 mn from European investor
14,000 appeals from taxpayers over disputed GST levies pending in first quarter: Finance Ministry
The total number of pending appeals from taxpayers over central GST levies saw a huge spike in the first quarter (Q1) of the 2023-24. The number stood at 14,000 in Q1 of the current financial year compared to a total of 11,899 in the entire FY 2022-23. This was the data provided by MoS Finance,… Continue reading 14,000 appeals from taxpayers over disputed GST levies pending in first quarter: Finance Ministry
Tesla’s finance chief Kirkhorn unexpectedly steps down
Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the company veteran of 13 years as a possible successor to CEO Elon Musk. The world’s largest electric vehicle automaker did not give a reason for the departure. Vaibhav Taneja, 45, replaced Kirkhorn as of Friday and will also retain his role as… Continue reading Tesla’s finance chief Kirkhorn unexpectedly steps down