A promoter group entity of Adani Green Energy on Tuesday sold a 1.3 per cent stake to Adani Infra (India) Ltd for ₹3,246 crore through open market transactions. According to…
Category: Market
RBI opens premature redemption window for SGB 2019-20 Series VII
The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGBs) issued in the 2019-20 Series VII, according to a release. “In terms of…
Gold plunges below $4,300/oz as precious metals complex pares all gains made this year
Gold dropped below $4,300 an ounce, while silver, platinum and palladium followed the downtrend as the precious metals complex pared all the gains made this year. The precious metals complex,…
Gold, silver rates today: Comex gold and silver edge higher as dollar retreats, oil eases
Precious metals remained volatile in Tuesday’s trade on 9 June, oscillating between gains and losses, although prices tilted mostly higher amid a weakening US dollar. Easing tensions in the Middle…
Nuvalent shares surge 39% to record high as GSK agrees to $10.6 billion acquisition deal
Shares of Nuvalent soared 39% in Tuesday’s trade on 9 June, hitting a fresh record high of $123 on the Nasdaq after GlaxoSmithKline (GSK) announced it had agreed to acquire…
Expert view: A correction possible in the US stock market, says Marcellus Investment Managers’ Head of Global Equities
Expert view: Arindam Mandal, Head of Global Equities at Marcellus Investment Managers, believes the US stock market may see some correction as parts of the AI ecosystem are showing bubble-like…
Large, midcap coming back in focus as contrarian investing gains ground
While the Middle East conflict continues keeping the stock market under pressure, contrarian investing appears to be gaining ground as investors anticipate a swift recovery after a US-Iran peace deal…
Weak market sentiments cast gloom on ₹2.45 lakh crore primary issuances
The subdued secondary market sentiments and possible economic slowdown have cast a gloom on ₹2.45 lakh crore IPOs that have been waiting in the wings after getting Sebi approval to…
Himadri Speciality shares gain 40% on strong financial performance
At a time when the markets are in turmoil given the West Asia war and global economic uncertainty, Himadri Speciality Chemicals has managed to deliver return on investment of 46…
JioBlackRock not chasing lowest-cost tag, says CEO
For many investors, JioBlackRock’s entry into India’s mutual fund industry carried echoes of Reliance Jio’s disruption of the telecom market. Expectations of ultra-low fees and aggressive pricing followed naturally. A…