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Dharana Capital acquires shares worth Rs 400 crore in Urban Company

Dharana Capital founder Vamsi Duvvuri to join the board as Non-Executive Director

Dharana Capital acquires shares worth Rs 400 crore in Urban Company
Updated On : 17 Jul 2024 | 6:30 PM IST

Sebi issues guidelines to streamline operations of credit rating agencies

Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings. These modifications will be applicable, with effect from August 01, 2024, the Securities and Exchange Board of India (Sebi) said in a circular on Thursday. "In order to promote ease of doing business and bring about uniformity in dealing with appeals, based on consultation with stakeholders, including CRAs (Credit Rating Agencies), it has been decided to provide specific timelines for dealing with appeals made by the issuer in respect of rating actions carried out pursuant to periodic surveillance of ratings," it added. The changes mandate that CRAs communicate ratings to companies within one working day of the rating committee meeting, with an outer limit set to ensure ...

Sebi issues guidelines to streamline operations of credit rating agencies
Updated On : 05 Jul 2024 | 11:46 PM IST

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

RBI's GDP projections, gains in IT stocks help Indian shares trade higher
Updated On : 07 Jun 2024 | 1:07 PM IST

Asia shares set for weekly gains as major central banks cut rates

The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate

Asia shares set for weekly gains as major central banks cut rates
Updated On : 07 Jun 2024 | 9:12 AM IST

Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr

Orient Green Power will seek shareholders' approval to raise its authorised share capital to Rs 2,500 crore from the existing Rs 1,600 crore in its annual general meeting later this month. The proposal to raise the authorised share capital is listed on the agenda of the annual general meeting scheduled on June 28, 2024, the notice of the AGM stated on Thursday. The notice informed that to undertake a capital raising activity in the future and for other business requirements that arise from time to time, it is proposed to increase the authorised share capital from Rs 1,600 crore to Rs 2,500 crore. The increase in authorised share capital of the company and alteration of Clause V of the Memorandum of Association are subject to the approval of members of the company by way of passing an ordinary resolution in terms of Sections 13, 61 and 64 and other applicable provisions of the Companies Act, 2013, as well as any other applicable statutory and regulatory approvals, it added. The comp

Orient Green Power eyeing to raise authorised share capital to Rs 2,500 cr
Updated On : 06 Jun 2024 | 5:07 PM IST

Indian shares seen opening slightly higher as Modi set for third term

The National Stock Exchange of India handled the highest ever number of transactions in a single trading day on Wednesday, with 19.71 billion orders and 285.5 million transactions

Indian shares seen opening slightly higher as Modi set for third term
Updated On : 06 Jun 2024 | 10:22 AM IST

Early Tesla bulls giving up on stock, as doubt on future growth loom

The company's shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high

Early Tesla bulls giving up on stock, as doubt on future growth loom
Updated On : 05 Jun 2024 | 11:56 AM IST

Honeywell Automation shares rally 8%, hit 52-week high amid strong Q4 show

Honeywell Automation's board announced a final dividend of Rs 100 per share for the fiscal year 2024 while releasing its Q4FY24 results

Honeywell Automation shares rally 8%, hit 52-week high amid strong Q4 show
Updated On : 16 May 2024 | 11:39 AM IST

Route Mobile public shareholders tender shares worth Rs 2,500 crore

Enterprise messaging firm Route Mobile's public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company's ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging firm Route Mobile for Rs 5,922.4 crore in an all-cash deal. The acquisition has triggered an open market offer for the sale of 26 per cent of Route Mobile in compliance with regulatory guidelines. Depending on the outcome of the MTO (mandatory takeover offer), the stake held by Proximus Opal could further increase to around 75 per cent of Route Mobile's shares. "1,57,68,803 equity shares have been tendered in the Escrow Demat Account (with The Hongkong and Shanghai Banking Corporation Limited (HSBC)," Route Mobile said. The tendered period has closed now. Shares of Route Mobile closed at Rs 1,600.65 apiece, down 0.54 per cent, a

Route Mobile public shareholders tender shares worth Rs 2,500 crore
Updated On : 13 Apr 2024 | 11:28 PM IST

US-based Baron Capital boosts Swiggy's valuation to $12.1 billion

New valuation is above the $11 billion IPO valuation target that Swiggy is eyeing

US-based Baron Capital boosts Swiggy's valuation to $12.1 billion
Updated On : 08 Mar 2024 | 11:21 PM IST

Reliance Capital to be delisted from stock exchanges, shares drop 4.46%

RCL said that the National Company Law Tribunal in its approved resolution plan for the company is contemplating delisting of existing equity shares from the exchanges

Reliance Capital to be delisted from stock exchanges, shares drop 4.46%
Updated On : 28 Feb 2024 | 1:31 PM IST

Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates

Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments

Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates
Updated On : 07 Feb 2024 | 11:26 PM IST

Godrej Agrovet Q3 results: Profit falls 21% to Rs 91.84 cr on lower demand

Consolidated net profit fell to Rs 91.84 crore ($11.1 million) for the three months ended Dec. 31 from Rs 116 crore a year earlier, the company said in an exchange filing

Godrej Agrovet Q3 results: Profit falls 21% to Rs 91.84 cr on lower demand
Updated On : 01 Feb 2024 | 7:04 PM IST

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons

Wipro founder Azim Premji has transferred 1.02 crore equity shares of Wipro held by him to his two sons --Rishad Premji and Tariq Premji-- as 'gift', according to exchange filing. The Wipro scrip is currently valued at Rs 472.9 per share, and at roughly this value, the transferred shares will amount to a whopping Rs 483 crore. Tech magnate Azim Premji's son Rishad Premji currently helms Wipro as its Executive Chairman, and is a prominent face of the IT industry. "I, Azim H Premji, wish to intimate you that 1,02,30,180 equity shares of Wipro Limited held by me, amounting to 0.20 per cent of the share capital of the company were transferred to Rishad Azim Premji and Tariq Azim Premji in the form of gift," Wipro filing on Wednesday said. The transaction, however, would not alter the overall promoter and promoter group shareholding in the company and it will remain the same even after the proposed transaction. In another filing by Wipro, Rishad Premji informed that 51,15,090 equity ..

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons
Updated On : 25 Jan 2024 | 12:43 PM IST

Unilever's US, European market share slips as private label booms

Unilever's underlying price growth was 13.3% at its height in the fourth quarter of 2022, with prices at its home care business up nearly 17%

Unilever's US, European market share slips as private label booms
Updated On : 25 Jan 2024 | 12:18 AM IST

Motilal Oswal shares jump 11% after it reported 191% profit growth in Q3

The jump in profit was aided by comparatively lower growth in expenses

Motilal Oswal shares jump 11% after it reported 191% profit growth in Q3
Updated On : 24 Jan 2024 | 9:34 PM IST

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr
Updated On : 17 Jan 2024 | 11:55 PM IST

Polycab India's stock sees 21% rout on allegations of tax evasion

Company refutes allegations; stock may underperform in near term

Polycab India's stock sees 21% rout on allegations of tax evasion
Updated On : 11 Jan 2024 | 10:23 PM IST

US-based Capital Group sells Polycab India's shares worth Rs 337 crore

Financial Services company Capital Group on Thursday sold shares of electrical goods company Polycab India for Rs 337 crore through an open market transaction. US-based Capital Group through its affiliate SmallCap World Fund Inc offloaded shares of Polycab India on the National Stock Exchange (NSE). According to the bulk deal data with the NSE, SmallCap World Fund Inc disposed of 8,51,003 shares of Polycab India. The shares were offloaded at an average price of Rs 3,955.87 apiece, taking the deal value to Rs 336.64 crore. Details of the buyers could not be ascertained. On Thursday, the scrip of Polycab India nosedived 20.50 per cent to close at Rs 3,904.70 per piece on the NSE.

US-based Capital Group sells Polycab India's shares worth Rs 337 crore
Updated On : 11 Jan 2024 | 10:19 PM IST

Bajaj Auto board approves Rs 4,000 cr share buyback at Rs 10,000 apiece

The company will be buying 4 million shares via the tender route, representing 1.41 per cent of Bajaj Auto's outstanding shares

Bajaj Auto board approves Rs 4,000 cr share buyback at Rs 10,000 apiece
Updated On : 08 Jan 2024 | 10:43 PM IST