Defence electronics OEM company Tonbo Imaging Limited has filed its Draft Red Herring Prospectus (DRHP) with the market watchdog, SEBI. The company’s initial public offering comprises an Offer for Sale…
Author: Admin
Brokers welcome NSE’s circular on distribution of third-party products
Brokerages have welcomed the National Stock Exchange of India’s latest circular that said stock brokers are not permitted to distribute or offer banking loan products — such as home loans,…
Coal India board approves listing of two more subsidiaries, Mahanadi Coalfields and South Eastern Coalfields
The board of State-run Coal India has accorded in–principle approvals for listing of two more of its subsidiaries – Mahanadi Coalfields and South Eastern Coalfields – after the Coal Ministry…
Broker’s call: Waaree Energies (Buy)
Target: ₹4,260 CMP: ₹3,095.25 Waaree Energies announced acquisition of 5.37mn Series B Preferred Shares of United Solar Holding Inc (USH) for $30 million, which would provide it stake in USH’s…
SEBI clears IPOs of Dhariwal Buildtech, ESDS Software and BLS Polymers
Capital market regulator SEBI has cleared three initial public offerings of construction company Dhariwal Buildtech, cloud infrastructure and data centre services provider ESDS Software Solution and BLS Polymers. The companies…
Sensex dips after 2-day rally, IT stocks drag, Coal India, Shriram Finance lead gainers
Equity benchmarks ended flat on Tuesday, snapping 2-day rally, as markets traded in a narrow range amid profit-booking, mixed global cues and lack of positive domestic triggers in the holiday-shortened…
Broker’s call: Nykaa (Neutral)
Target: ₹280 CMP: ₹256.65 FSN E-Commerce Ventures (Nykaa) is a leading specialty platform for beauty and personal care (BPC) products, bringing brands, consumers and discovery together in one focused ecosystem.…
HCC rights issue gets two-fold subscription, draws ₹2,008 crore
Hindustan Construction Company Limited (HCC) on Tuesday said its rights issue received two-fold subscription, drawing applications worth Rs 2,008 crore against an issue size of Rs 999.99 crore. The company,…
Rupee rises 3 paise to settle at 89.65 against US dollar
The rupee rose 3 paise to settle at 89.65 (provisional) against the US dollar on Tuesday on the back of a weaker greenback. However, a rise in global crude oil…
Jos Alukkas welcomes Dulquer Salmaan as brand ambassador
Jos Alukkas, one of the leading jewellery houses, has announced actor Dulquer Salmaan as its brand ambassador. As brand ambassador, Dulquer Salmaan will feature across Jos Alukkas’ upcoming campaigns, lending…