Business Standard

NSE Nifty

NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29

State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of "secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore", subject to approval of shareholders in the ensuing Annual General Meeting, a BSE filing said. NTPC is India's one of the leading power-generating companies. Total Income of the NTPC group for FY24 was Rs 1,81,166 crore against Rs 177,977 crore in the previous year. The PAT of the group for FY24 was Rs 21,332 crore against the previous year's PAT of Rs 17,121 crore, registering an increase of almost 25 per cent. The company recently told analysts in a concall that it has various capital expenditure projects such as ongoing projects and new capacity addition programs including Flue Gas Desulphurisation (FGD) ..

NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29
Updated On : 25 Jun 2024 | 8:54 PM IST

Akme Fintrade's Rs 132 crore IPO subscribed 3 times on Day 1 of offer

The initial share sale of non-banking finance company Akme Fintrade (India) Ltd received 3 times subscription on the first day of bidding on Wednesday. The Rs 132 crore initial public offer received bids for 2,36,47,500 shares against 78,65,000 shares on offer, according to NSE data. The quota for non-institutional investors fetched 5.15 times subscription while the Retail Individual Investors (RIIs) part got subscribed 4.16 times. The category for Qualified Institutional Buyers (QIBs) received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.1 crore equity shares. Price range for the offer is Rs 114-120 per share. Akme Fintrade (India) Ltd on Tuesday said it has raised nearly Rs 38 crore from anchor investors. Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in four states -- Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and busine

Akme Fintrade's Rs 132 crore IPO subscribed 3 times on Day 1 of offer
Updated On : 19 Jun 2024 | 6:50 PM IST

Sebi bags 'Best Conduct of Business Regulator' award by The Asian Banker

Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong. "This authority (Sebi) has been actively working towards instantaneous settlement. In 2021, T+1 settlement was introduced in a phased manner, which was fully implemented from January 2023. This move has provided investors with faster access to their funds following trade execution and settlement, enhancing market efficiency and liquidity," The Asian Banker said in a statement. Through rigorous enforcement and innovative regulatory practices, Sebi has significantly improved the conduct of business in the country's financial markets, ensuring fair treatment of consumers and robust market integrity, it added. The Asian Banker creates platforms to build a greater sense of community amongst players i

Sebi bags 'Best Conduct of Business Regulator' award by The Asian Banker
Updated On : 07 Jun 2024 | 4:02 PM IST

Stock Market Highlights, May 24: Indices end flat after hitting record highs; Nifty below 23,000

Stock market highlights on Friday, May 24: Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each

Stock Market Highlights, May 24: Indices end flat after hitting record highs; Nifty below 23,000
Updated On : 04 Jun 2024 | 3:20 PM IST

Realty, banks, autos: Sectors to invest in post Lok Sabha Election results

Favorable conditions like the RBI's dividend payment and likely reduced borrowing suggest lower market rates, benefiting Real Estate, Banks, and Autos.

Realty, banks, autos: Sectors to invest in post Lok Sabha Election results
Updated On : 04 Jun 2024 | 11:49 AM IST

Not the time to buy stocks at these levels; avoid mid, small-cap counters

The exit poll might have reduced some nervousness in the market, but it still remains reasonably high, given the current IVs. Only after India VIX falls back to normal levels,things shall get even.

Not the time to buy stocks at these levels; avoid mid, small-cap counters
Updated On : 03 Jun 2024 | 1:02 PM IST

SRF gains 2% as street pins hopes on chemical business recovery in H2FY25

The rise in stock came on hopes of recovery in the chemical business, which will pick up pace in the second half of FY25

SRF gains 2% as street pins hopes on chemical business recovery in H2FY25
Updated On : 10 May 2024 | 11:12 AM IST

PB Fintech up 3% as company turns in a profitable quarter

PB Fintech posted a profit of Rs 60.2 crore in the fourth quarter of FY24 (Q4 FY24), as compared to a loss of Rs 9.34 crore in the same quarter a year ago

PB Fintech up 3% as company turns in a profitable quarter
Updated On : 08 May 2024 | 11:09 AM IST

India VIX, HUL Q4, Axis Bank Q4: Factors that will guide Nifty on April 24

Stock market preview Wednesday, April 24: Global cues remain supportive; HUL, Axis Bank results coupled with upcoming monthly F&O expiry may induce market volatility today.

India VIX, HUL Q4, Axis Bank Q4: Factors that will guide Nifty on April 24
Updated On : 24 Apr 2024 | 7:13 AM IST

India's hottest stock index, Nifty Next 50, shows best earnings potential

Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year

India's hottest stock index, Nifty Next 50, shows best earnings potential
Updated On : 09 Apr 2024 | 7:16 AM IST

Sensex, Nifty hit record highs: 4 factors behind the rally on March 01

The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday

Sensex, Nifty hit record highs: 4 factors behind the rally on March 01
Updated On : 01 Mar 2024 | 3:57 PM IST

Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%

Stock market highlights on Tuesday, January 30: In the broader markets, the BSE SmallCap index clutched on to its gains as it ended 0.11 per cent higher

Sensex sheds 802 pts, Nifty near 21,500; Bajaj Fin drops 5%,TaMo rises 3%
Updated On : 30 Jan 2024 | 3:57 PM IST

Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%

Stock market highlights on Monday, January 29: Tata Motors (up 3.7 per cent), Power Grid, L&T, NTPC, Kotak Bank, Ultratech Cement, Titan, Sun Pharma, Axis Bank, and HDFC Bank were other top gainers

Sensex zooms 1,241 pts, Nifty tops 21,700 as RIL soars 7%, Tata Motors 3.5%
Updated On : 29 Jan 2024 | 4:05 PM IST

More global money will flock to India post general elections: Goldman

India's stock benchmarks, trading at record highs, just clocked their eighth straight year of gains as investors bet on the country's booming economic growth prospects

More global money will flock to India post general elections: Goldman
Updated On : 17 Jan 2024 | 11:53 PM IST

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?

The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?
Updated On : 12 Jan 2024 | 3:33 PM IST

Sensex ends flat, 649 pts off high amid sell off in banks; ZEE sheds 8%

Closing Bell on Tuesday, January 09: Among sectors, the Nifty Media index crashed the most, falling 3.4 per cent, amid a slide in ZEEL shares (down 8%), Dish TV (5%), and Hathway (3%)

Sensex ends flat, 649 pts off high amid sell off in banks; ZEE sheds 8%
Updated On : 09 Jan 2024 | 3:56 PM IST

Sensex tanks 671 pts, Nifty nears 21,500 amid global rout; PSBs worst hit

Closing Bell on Monday, January 08: The broader markets, too, felt the pain with the BSE MidCap and SmallCap indices dipping 0.87 per cent and 0.36 per cent, respectively

Sensex tanks 671 pts, Nifty nears 21,500 amid global rout; PSBs worst hit
Updated On : 08 Jan 2024 | 3:46 PM IST

Nifty, Bank Nifty enter consolidation phase; Key levels to watch out

According to Ravi Nathani, an independent technical analyst, the Nifty may swing in the range of 21,600 - 20,940.

Nifty, Bank Nifty enter consolidation phase; Key levels to watch out
Updated On : 26 Dec 2023 | 7:36 AM IST

Sensex ends choppy day 242pts up, Nifty near 21,350; realty, IT stocks soar

Closing Bell on Friday December 22: The BSE MidCap and SmallCap indices outran the benchmarks with 0.74 per cent and 1 per cent gains, respectively

Sensex ends choppy day 242pts up, Nifty near 21,350; realty, IT stocks soar
Updated On : 22 Dec 2023 | 4:05 PM IST

Sensex soars 359pts, Nifty tops 21,250 amid broad buying; Inox India up 41%

Closing Bell on Thursday December 21: In the broader markets, the BSE MidCap and SmallCap indices outpaced frontline indices as they climbed 1.6 per cent and 1.69 per cent, respectively

Sensex soars 359pts, Nifty tops 21,250 amid broad buying; Inox India up 41%
Updated On : 21 Dec 2023 | 4:05 PM IST