During its board meeting on December 18, the Securities and Exchange Board of India (Sebi) may accept measures that will impact angel funds, small and medium-sized businesses (SMEs), and the larger securities market through insider trading regulations, IPO regulations, and compliance for registered entities. A proposed revamp of the regulations regulating SME IPOs is one…
Investors feel less pain following a year marked by worries about declining demand in China, the world’s largest market, thanks to a December comeback in European luxury goods stocks. With multiple rounds of stimulus in China aimed at revitalizing the world’s second-largest economy, optimism is returning, putting shares of luxury goods manufacturers on track for…
Mankind Pharma’s stock increased 2.3% during trading, reaching an intraday high of Rs 2,753 on the BSE. A day after the company’s qualified institutional placement (QIP) was launched, the stock was purchased at a floor price of Rs 2,616.55 per share. This is a 2.4% reduction from the closing price on Monday. According to its…
JPMorgan Chase & Co. claims that Donald Trump’s entry to the White House is driving up currency trading volumes because of his trade policies, which are drawing more attention to foreign exchange markets. Head of currencies and emerging markets trading at the US bank Stephen Jefferies said he expects a busy year ahead and that…
On Tuesday, December 17, trading in six equities in the futures and options (F&O) segment was prohibited by the National Stock Exchange (NSE) because they had over 95% of the market-wide position limit (MWPL). These equities will, nevertheless, be traded on the cash market. The list of securities in the F&O ban for trade is…
Global pharmaceutical giant Lupin Limited said Friday that it has strengthened its diabetes portfolio in India by acquiring the anti-diabetic trademarks GIBTULIO, GIBTULIO MET, and AJADUO from Boehringer Ingelheim International GmbH (Boehringer Ingelheim). According to the agreement, Lupin will receive the trademark rights for these brands by March of the following year. In the Indian…
On Monday, ONGC shares started slightly down at Rs 253.35 after the company made it clear that it currently has no firm plans to list its affiliate, ONGC Green, on the stock exchange. “ONGC would like to clarify regarding the news article on the likely public listing of ONGC Green Limited (OGL). The question was…
When Afcons Infrastructure obtained the letter of acceptance (LoA) from Madhya Pradesh Metro Rail Company for the construction Package BH-05 of the Bhopal Metro Rail Project, which is worth Rs 1,006.74 crore, the company’s stock increased 4.04% to Rs 543.75. The order calls for the design and construction of an elevated viaduct and access to…
A major order win on Monday, December 16 caused HBL Power Systems, a major participant in the battery and power systems industry, to have its shares jump 6.5% in intraday trading to a new all-time high of ₹739.65 per share. The business notified investors via an exchange filing on Saturday that it has obtained an…
After Premier Explosives signed a Memorandum of Understanding (MoU) with Global Munition, a division of NIBE Ordnance and Maritime, to establish a joint venture to produce defence and aerospace goods, the company’s shares jumped 10% on Monday to Rs 568.20 on the BSE. In a Friday market filing, the business stated that the joint venture…