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IREDA Board approves Rs 4,500 cr fundraise plan
The board of state-owned IREDA on Thursday approved a proposal to raise Rs 4,500 crore. The funds will be raised in one or more tranches through further public offer (FPO)/qualified institutional placement (QIP)/rights issue/preferential issue or any other permitted mode or combination, subject to the statutory or government approval, IREDA said in an exchange filing.
Reliance Industries bonus issue: What does free shares mean for 35 lakh shareholders?
RIL is not just India's most valuable listed company at Rs 20.6 lakh crore, it also reported the highest annual profit of Rs 79,020 crore in FY24.
Top 10 billionaires added Rs 13.39 lakh crore to net worth in 1 year
While billionaires Gautam Adani and Mukesh Ambani were the top two wealthiest Indians in the world featuring in the 2024 Hurun India Rich List, they also added wealth at the fastest clip. Here is a list of top 10 biggest gainers on the year-on-year basis. Between them they added Rs 12.54 lakh crore taking their combined personal wealth to Rs 35.57 lakh crore. Here's the full list:
RIL bonus issue: A look at how conglomerate has rewarded shareholders over the years
Reliance Industries Ltd will consider issuing 1:1 bonus shares to investors on September 5. This move recognizes the company's robust growth over recent years. Historically, the company has issued bonus shares five times since 1980. Analysts believe this will enhance liquidity and expand the investor base.
Sensex, Nifty close at fresh record highs driven by gains in Reliance, financial stocks
Indian equity indices Sensex and Nifty50 rebounded from a slow start to close at record highs on Thursday, driven by gains in Reliance Industries, financial and IT stocks. Sensex advanced 349 points to 82,134, while Nifty gained 99.6 points to 25,152. Despite this, overall market capitalisation fell over Rs 31,000 crore.
The Chinese Yuan’s Appreciation: Implications for the Indian rupee
The yuan’s recent rally can largely be attributed to the softening of the US dollar. The dollar's slide was sparked by several factors, including the Bank of Japan’s (BOJ) unexpected rate hike, which led to an unwinding of short positions against the yen and triggered a broader sell-off of the dollar.
A wild ride! After a flat debut and 5% lower circuit, Resourceful Automobile shares bounce back to hit 5% upper circuit
Resourceful Automobile's stock debuted flat at Rs 117, then fluctuated between lower and upper circuits. Despite a 400x IPO subscription, listing performance disappointed amid market sentiment issues.
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SBI ups rates of repo rate linked home loans
SBI has increased its home loan external benchmark lending rate (EBLR) to 7.05 percent, while the
Taliban official: At least 100 dead, wounded in Afghan blast
Sustainability at Tokyo Olympic 2020
21 stocks sending out weak signals on MACD charts
Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints,
Dolly Khanna exits her long-term stock bet Nocil
Dolly Khanna was gradually trimming her stake in the company since holding 2.14 per cent stake in
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Govt eases norms for listing on international exchanges within Gift City
The Indian government has simplified listing rules for companies on international exchanges within IFSCs, aligning with global standards. New regulations require a minimum 10% public offer and allotment, and a continuous listing requirement of 10% under SCRR Rules 19 and 19A.
Bajaj Finserv, Bharti Airtel among 6 Nifty50 stocks hitting new 52-week highs on Thursday
India's benchmark Sensex surged by around 611 points on Monday, closing at 81,698. During this rally, seven stocks within the BSE IT index hit their highest prices in the past year. Reaching a 52-week high is noteworthy as it represents the peak value a stock has achieved over the last 12 months, providing valuable information for traders and investors. This milestone is essential for assessing a stock's current worth and predicting future price trends.
One reason is enough to stay with them for the long term. 7 large cap stocks from different sectors with an upside potential of up to 28%
What makes a stock move from mid cap to large cap ? One is the technical reason which gets impacted by what definition, regulator and exchange decide for the classification of stocks. But for reality what matters is the size of the business opportunity in which that company is operating. It is only when growth will come with both pace and sustainably that top and bottomline line will grow and that will what makes a company bigger and stock a large cap one. Let's take an example. Fifteen years back, not many would have thought a stock exchange ( BSE ) in this case would be listed as a company and one would be able to buy its share. But today it is listed and its turnover has grown multifold in the last few years and stock turned out to be multibagger. More than anything else, the reason for it becoming a multibagger is that the size of the capital market in India has grown many times.
Reliance Jio revenue, EBITDA will double in next 3-4 years: Mukesh Ambani
Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced that they are aiming to double its revenue as well as EBITDA of its telecom offering Reliance Jio in the next 3-4 years.
RIL will join world's Top-30 league in near future, predicts Mukesh Ambani
At Reliance Industries' (RIL) annual general meeting (AGM) on Thursday, billionaire Mukesh Ambani announced that RIL is poised to become one of the world’s 30 most valuable companies. Currently, with a market capitalization of nearly Rs 21 lakh crore, RIL is India’s most valuable listed company and ranks 45th globally, with a market cap close to $250 billion.
Mukesh Ambani announces AGM bonanza, RIL to consider bonus issue
Reliance Industries Bonus Shares: "The Board of Directors is scheduled to be held September 5, 2024, to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves," the company said in a filing.
BSE SME IPO index bleeds 4% in an overall bullish market post Sebi warning
The SME IPO index recently reached the 1 lakh mark, but faced a drop on Thursday as Sebi warned investors against blindly investing in SME stocks. Sebi highlighted that some promoters create unrealistic pictures of their operations. Investors are urged to be cautious and avoid relying on unverified social media posts or rumours.
Top 10 MF schemes of 2024 and their star stocks, do you own any?
Investors often seek insights into which mutual funds are performing well and the stocks driving their success. In our latest MF analysis, ETMarkets highlights the top 10 mutual fund schemes of CY24 and their standout stocks performers during the same time period. These top funds have outshone their peers, thanks to the strong performance of their underlying stocks. By exploring these leading funds and their key stocks, investors can uncover successful investment strategies and promising sectors. (Data Source: ACE Equity, ACE MF)
16 stocks where good monsoons may lead to maximum positive impact this quarter
In another few weeks, the monsoon season for 2024 will be over. This year, the monsoons have been good, largely in the line of forecast which was made. There are two parts of the monsoon, first the spending which is done in the monsoon season and the second part the spending which is done after the monsoon season is over from the money which is earned due a good harvest. There are select sectors which have strong correlation with spending done in the midst of the monsoon season. We take a look at stocks where sales get impacted from higher spending done in the monsoon season. Now why look at these stocks at this point of time. Given the fact that there is too much liquidity which is prevailing in markets, a small hint that the performance of the company is going to be good, stock tends to gain very sharply. So, in bullish markets, before you see in headlines or a company management say “ positive impact of monsoon” it better to be ready.
