Latest News and Updates

• Indian equity markets have ended the day in Green today. Nifty 50 ended, up by 110.85 points. Sensex ended, up by 402.73 points. Top Gainers today were IndusInd Bank, Bajaj Finance and Infosys. Top Losers today were Apollo Hospitals, UPL and Hindalco. 
• Good buying demand was seen in the case of some Large-cap stocks, today. Strong buying demand was again seen today in the case of many PSU banking stocks. Stock price of Punjab & Sind Bank went up by more than 9% today. Read more

Latest News and Updates

• Landmark Cars IPO of Rs 552 crore receives cold response from the investors on the day 1 of the subscription. The company is selling 80,41,805 equity shares in the range of Rs 481-506 per share from December 13 to December 15.
• As per BSE Data, the quota for retail bidders was booked only 0.13 times , whereas the allocation for non-institutional investors was only 0.27 times bids. However, the portion for qualified institutional bidders was not even off the mark. Click here to apply for Landmark Cars IPO. Read more

Latest News and Updates

• Abans Holdings IPO continued to receive cold shoulder from investors on the day 2 of the subscription. The issue was subscribed only 11% on day 1 and 26% on day 2 so far.
• According to data from BSE, the investors made bids for 33,36,080 equity shares or 26% compared to the 1,28,00,000 equity shares offered for the subscription by 3.30 pm on Tuesday, December 13. The quota for retail investors was subscribed 20% whereas non-institutional investors and qualified institutional bidders was booked 13%. The allocation for qualified institutional buyers was fully subscribed. Read more

Latest News and Updates

• The initial public offer of Sula Vineyards continued to receive muted response from the investors on second day of bidding. The Rs 960.35 crore IPO is subscribed 50% by 3.30 PM on December 13.
• As per the BSE data, the investors made bids for 93,28,872 equity shares or only compared to the 1,88,30,372 equity shares offered for the subscription by 3.30 pm on Tuesday, December 13. Read more

Latest News and Updates

• Cupid Limited announced that it has received a purchase order from the United Nations Population Fund (UNFPA) for the supply of male condoms and water-based lubricant worth Rs 3.80 crore (approx.).
• The company is expected to complete the order by April 2023.
• The company stated in its exchange filing that the broad consideration of the order is approximately Rs3.80 crore. Read More

Latest News and Updates

• BGR Energy Systems Limited has informed that the Company has secured orders from Indian Oil Corporation.
• As per the regulatory filing, the company has received order for construction of civil and structural works in Panipat Refinery Project Complex. The contract value is Rs330 crore excluding GST the contract completion period is 18 months, the company said.
• At around 2:45 PM, BGR Energy Systems Ltd is currently trading at Rs80.30 per share up by Rs13.35 or 19.94% from its previous closing of Rs66.95 per share on the BSE. Read more

Latest News and Updates

• The 100th Medium Range Surface to Air Missile Kit was unveiled by Kalyani Rafael Advanced Systems Pvt Ltd (KRAS) on Tuesday for delivery to the Indian Armed Forces.
• The kit, according to a press release from the company, is a component of the MRSAM Air Defence Missile, which Rafael Advanced Defence Systems Ltd. and the DRDO jointly developed. The kit was produced in cooperation with Indian industry, which includes players from the public and private sectors as well as MSMEs.
• Baba N Kalyani, Chairman and Managing Director of Bharat Forge Ltd., spoke at the event and said KRAS was pleased to speed up the delivery of the 100th MRSAM Missile Kit to the Indian Armed Forces. "This delivery is not only a brilliant illustration of cooperation between India and Israel, as well as the commercial and public sectors, but it also strengthens our commitment to Atma Nirbhar Bharat." Read more

Latest News and Updates

• Integra Essentia Limited has announced today that since the company acquired the processing facility under a Joint Venture agreement in August 2022, the Bareilly unit has processed 2200 MT of rice for the Food Corporation of India (FCI), supplying the product across various allocated FCI locations.
• The company has also induced fresh working capital to the tune of Rs 1.25 crore following the acquisition of stakes in the Bareilly unit to enhance the rice processing business, which has resulted in an addition of Rs 4.6 crore to the Manufacturing Top Line over the last four months.
• The company will continue to invest in the Rice Processing business in a phased manner as the facility's business grows. Read more

Latest News and Updates

• Recently reports highlighted that as Apple's three major manufacturers, Foxconn, Pegatron, and Wistron, look bullish on scaling up iPhone manufacturing in India, the US-based smartphone maker's production in India could skyrocket. China's Covid lockdown policy has severely disrupted iPhone production there. This has made Apple and its contract manufacturers to look towards India, for shifting their production from China.
• In a recent development, Apple Inc. is all set to export iPhones worth Rs 20,000 crore from India between April and December this year. 
• The development comes on the back of Indian Government’s announcement of Rs 41,000 crore production-linked incentive (PLI) scheme. It is also worth noting that India has made numerous exceptions for Apple in its manufacturing policies. Read more

Latest News and Updates

• Four bankers confirmed to Reuters on Tuesday that India's central bank has relaxed informal limits placed on banks for trading in the non-deliverable future (NDF) market.
• These limitations were put in place by the Reserve Bank of India in October to control currency volatility. In October, the rupee's value versus the dollar fell to a historic low of 83.29.
• According to one of the bankers, the rupee's recent relative stability has presumably given RBI confidence to allow banks to once again utilize NDF. Read More

Latest News and Updates

• During the second day of the bidding process, investors' interest in Sula Vineyards' Rs960.35 crore initial public offering (IPO) remained muted. The issue had a 28% day-one subscription rate.
• Between December 12 and 14, the company will be offering its shares for sale at a price between Rs340 and Rs357 per share, in lots of 42 equity shares. The entire offering consists of an offer to sell (OFS) of over 2.69 crore equity shares.
• According to BSE data, by 11.50 am on Tuesday, December 13, investors had submitted bids for 75,60,672 equity shares, or just 40% of the 1,88,30,372 equity shares offered for the subscription. Read more

Latest News and Updates

• Paytm shares gained as much as 3% in Tuesday’s trading session, as the company's board meeting to consider the share buyback proposal is scheduled for later in the day.
• In an exchange filing last week the company stated, "the management believes that a buyback may be beneficial to the company's shareholders given the company's current liquidity/financial position."
• According to reports, Paytm cannot use the proceeds of its initial public offering (IPO) for the proposed repurchase of its own shares because rules prohibit such a move, and the firm will instead use its strong liquidity for the purpose. According to its most recent earnings report, Paytm has a liquidity of Rs9,182 crore. Read more

Latest News and Updates

• Domestic benchmark indices trading higher on Tuesday's market session. Investor's sentiment was lifted by data showing domestic retail inflation for November eased below the RBI's tolerance limit, although focus will now be on the US inflation data due later today.
• On the sectoral front, IT index outperforming by rising over 270 points with PSU Bank index surging over 2.6% followed by auto, banking stocks in the fast lane. Meanwhile, FMCG and realty index logged selling pressure.
• At around 2:00 PM, Sensex was trading at 62,464.80 higher by 334.23 points or 0.54%. Nifty 50 traded at 18,588.5 higher 91.30 points or 0.49%
• Top Bulls on Nifty are: Infosys (+1.8%), Bajaj Finance (+1.6%), IndusInd Bank (+1.5%) supported by M&M (+1.4%) and HCL Tech (+1.3%). Meanwhile, top losers on Nifty are: Apollo Hospitals (-0.95%), UPL (-0.92%), BPCL (-0.77%), Hindalco (-0.64%) and Nestle (-0.48%). Read more

Latest News and Updates

• Tarc Limited, a leading premium real estate developer based in New Delhi, has voluntarily prepaid its NCD obligations to the tune of Rs65.35 crore ahead of schedule.
• Tarc has developed a strong financial profile in the last year, generating surplus cash through consistent new sales bookings, monetising non-core assets, and government receivables, and utilising the funds for project development and balance sheet strengthening.
• On April 29, this year, BAIN Capital USA invested Rs1,330 crore in NCDs. Notably, the transaction is the largest in North America and one of the most significant investments made in the burgeoning real estate market for expansion and development. Read more

Latest News and Updates

• The first Finance & Central Bank Deputies meeting under India's G20 chairmanship will begin in Bengaluru on Tuesday and will feature around 180 participants from around the globe. The summit will discuss topics including the global economy, the international financial system, infrastructure, and sustainable finance. According to official sources, discussions will go on until December 15. The finance ministry and the RBI are co-hosting it.
• Ajay Seth, the secretary of economic affairs, and Michael Patra, the deputy governor of the RBI, will jointly preside over the meeting. The three-day gathering will include participation from their counterparts from the G20 member nations and from several other countries and international organizations that India has invited. Read more

Latest News and Updates

• Jaiprakash Power Ventures Limited announced that the company has signed a binding Framework Agreement for the sale of the 2 MTPA Jaypee Nigrie Cement Grinding Unit to Dalmia Cement (Bharat) Limited (DCBL), Dalmia Bharat Limited’s wholly owned subsidiary.
• The consideration has been fixed at Rs250 crore and is subject to due diligence.
• Dalmia Cement (Bharat) Limited (unlisted) is a wholly owned subsidiary of Dalmia Bharat Limited (listed Company) and a member of the Dalmia Group. Read more

Latest News and Updates

• SBI has increased interest rates on domestic term deposits, including bulk deposits, by 15-100 basis points starting today.
• The 180–210 day period covered by the 100 basis point increase has a revised rate of 5.5% per year as opposed to the prior rate of 4.5 % per year.
• According to the rate card on the SBI website, retail deposits up to Rs 2 crore in the same category maintained their 5.25 % rate. Read more

Latest News and Updates

• In Tuesday's intraday trade on the BSE, shares of Dharmaj Crop Guard hit a new low of Rs 236.10, declining 2% in an otherwise stable market. The share price has now dropped below the initial issue price of Rs. 237.
• The S&P BSE Sensex, in contrast, was up 0.51 % at 62,446 at 12:20 PM.
• The recently listed pesticides and agrochemicals company's stock price fell for the third day, falling 11%. Read more

Latest News and Updates

• Tuesday saw an increase in oil prices for a second day as a major pipeline supplying the United States, the world's largest consumer of crude, remained closed and also on expectations that demand would increase with the relaxation of COVID restrictions in China, the world's second-largest consumer of crude. By 02:02 GMT, Brent crude futures were up 64 cents, or 0.8%, to $78.63 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 64 cents, or 0.9%, to $73.81.
• Supply has been more limited due to the closing of TC Energy Corp.'s Keystone Pipeline, which transported 620,000 barrels of Canadian oil per day from Alberta to the United States. This has increased the likelihood that stockpiles at the Cushing, Oklahoma, storage hub may decrease. The WTI crude futures contract's delivery point is Cushing. Read more

Latest News and Updates

• Tata Motors, India's largest commercial vehicle manufacturer, will raise commercial vehicle prices by up to 2% beginning in January 2023. While the price increase will vary depending on the model and variant, it will apply to the entire fleet of commercial vehicles.
• The company has been absorbing a significant portion of the increased costs, but the sharp increase in overall input costs has forced it to pass on a portion of the increase through this minor price increase, said the company on Tuesday.
• Tata Motors strives to bring new products that pique the interest of GenNext customers, aided by state-of-the-art design and R&D centres in India, the United Kingdom, the United States, Italy, and South Korea. Read more

Latest News and Updates

• Adani Cement, as part of its commitment to building nations with goodness and a richer understanding of nation-building with a focus on sustainability, has introduced 'Geoclean,' formerly known as 'Geocycle.'
• 'Geoclean' waste coprocessing contributes to a cleaner environment and natural resource conservation by replacing traditional fuels with alternate fuels and raw materials (AFR).
• Geoclean is founded on the principles of business sustainability and value enhancement through the circular economy. Read more

Latest News and Updates

• Route Mobile Limited’s wholly-owned subsidiary 365squared Limited, has signed an exclusive agreement with Uganda Telecommunications Corporation Limited to provide comprehensive AI/ML-based A2P SMS firewall solutions and managed services to enable UTCL to effectively analyse SMS traffic.
• Furthermore, as an exclusive Gateway for UTCL, Route Mobile will leverage its global enterprise reach to maximise A2P SMS volumes terminating on the UTCL network.
• 365squared will deploy its real-time AI/ML-based A2P SMS firewall solution within Uganda Telecom's SMS infrastructure, as well as integrate with the SSTP and ICB (Inter-connect Billing)/Reconciliation solution. It also includes other relevant network elements such as Testing, Commissioning, and Support, in its contracted capacity. Read More

Latest News and Updates

• Bandhan Bank Ltd has informed that it had obtained guarantee under CGFMU, the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Loans extended to eligible borrowers by Banks.
• Accordingly, the Bank has received claim under the scheme for FY 2022-23 amounting to Rs916.61 crore, the Bank said.
• At around 11:58 AM, Bandhan Bank Ltd is currently trading at Rs251.40 per share up by Rs4.65 or 1.88% from its previous closing of Rs246.75 per share on the BSE. Read more

Latest News and Updates

• Tata Consultancy Services (TCS) is collaborating with Samagra Shiksha, Gujarat Council of School Education (SS - GCSE), and the Government of Gujarat to train students and teachers in cutting-edge digital skills such as computational and design thinking.
• TCS' Corporate Social Responsibility (CSR) programme will bring the company's flagship global initiatives, Ignite My Future and goIT, to students and teachers in Gujarat, assisting in the development of the next generation of thinkers and innovators.
• The initiatives are in line with the National Education Policy (NEP 2020) and aim to instill global citizenship in students by developing empathy for critical societal issues and opening their minds to become problem solvers. Furthermore, they will raise student awareness of STEM careers and prepare them for the upcoming digital economy. Read More

Latest News and Updates

• The initial public offer (IPO) of Landmark Cars kicked off for subscription on Tuesday, December 13. Investors can apply for 29 shares in a lot at the price of Rs 481-506 per share.
• The company has reserved 50% for Qualified institutional buyers (QIBs), whereas 15% of the issue is reserved for non-institutional investors. The remaining 35% portion will be allocated to retail bidders.
• Check the live subscription details of Landmark Cars IPO at 11.30 AM on December 13: Read More

Latest News and Updates

• Tuesday's intra-day trade on the BSE saw Dalmia Bharat shares decline by more than 2% to Rs 1,817.55 after the  announcement of acquisition offer for Jaiprakash's cement and power plants. An enterprise value of Rs 5,666 crore would be used for the acquisition above.
• Despite today's decline, Dalmia Bharat's stock price surpassed the market by rising 10%, as opposed to the S&P BSE Sensex's 0.80% increase. Compared to the benchmark index's 18% growth over the past three months, Read More

Latest News and Updates

• Sula Vineyards IPO opens for subscription on December 12. The company has fixed price band of Rs 340-357 a share for its Rs 960.35 crore initial public offering (IPO).
• The company has reserved 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors and the remaining 35% for retail investors.
• Check the live subscription of Sula Vineyards IPO at 11 AM on December 13 in the table below: Read More

Latest News and Updates

• McDonald's India (North and East) will hire about 5,000 people as it plans to increase the number of locations in the area over the next three years to 300.
• It opened its largest restaurant in India in Guwahati, which is 6,700 square feet large and can serve 220 people at once.
• Rajeev Ranjan, the managing director of McDonald's India (North and East), stated that the company is expanding its network throughout the states it operates in and is on a strong growth trajectory. Read more

Latest News and Updates

• The initial public offer (IPO) of Abans Holdings hit the market for subscription in December 12 to raise Rs 345.60 crore. The IPO will conclude on Thursday, December 15.
• The company is offering 55 shares in a lot at a price range of Rs 256-270 per share. The company has reserved 10% for QIBs, 30% for HNIs, and 60% for retail investors.
• Check the live subscription of Abans Holdings IPO at 11 AM on December 13 in the table below: Read more

Latest News and Updates

• On December 12, Tata Motors’ board has approved the partial disinvestment in Tata Technologies through IPO; the company makes an announcement and also said in an exchange filing. The subsidiary is into product engineering and digital services.
• The company will makes announcement on further developments related to the IPO plan as per SEBI LODR Regulations and other applicable law.
• Tata Motors hold around 74% stake in Tata Technologies, according to the former’s 2022 annual report. Tata technologies led by CEO Warren Harris provides design and engineering services, product development and IT service management to original equipment manufacturers of automotive and aerospace and their suppliers. Read more

Latest News and Updates

• AIF Java Capital, which specializes in seed-stage investments, announced the opening of its first fund, which has a capital of Rs 75 crore.
• The firm will invest in at least 15 technology and fintech start-ups in the next 18–24 months.
• The fund, which includes a greenshoe option of Rs 25 crore, posted its maiden close at Rs30 crore. It anticipates a successful close in six months. With an average initial check size of Rs2 crore, the fund has invested in pre-seed to pre-Series A firms. It wants to reserve 50% for follow-on investments. Read more

Latest News and Updates

• DJ Mediaprint & Logistics Limited has secured order from Reliance Securities Limited for Storage, Scanning & Digitization of Records.
• As per the filing, DJML to provide Scanning, Digitization, Record Storage and Record Management Services over a period of 5 years from the date of Contract . Payment terms within 30 days from date of Invoice.
• The total worth of the contract is Rs4.50 crore. Read more

Latest News and Updates

• Akashdeep Metal Industries mentioned in an exchange filing that the board has approved a stock split in the ratio of 1:5 i.e., existing 1 equity share of the Company having a face value of Rs10 each fully paid-up will be sub-divided into 5 equity shares having a face value of Rs2 each fully paid-up.
• The company stated that the stock split is to encourage the participation of small investors by making it more affordable & consequently enhancing the liquidity of the company’s equity shares.
• Following the stock split, the company will have 5,25,13,105 shares as against the existing 1,05,02,621 shares. Read more

Latest News and Updates

• Shares of Punjab & Sind Bank rose 10% intraday on the BSE on Tuesday amid large transactions, reaching a high of nearly four years at Rs 40.75.
• Public sector undertaking (PSU) bank stock increased in price for a fourth straight day, rising 42% then. It has increased by 96% in the last nine trading days from Rs 20.80 on November 30. Read more

Latest News and Updates

• The government intends to invite expressions of interest (EoI) for the divestment of Rashtriya Ispat Nigam Limited (RINL) and its subsidiary by the end of January 2023.
• According to people familiar with the situation, Tata Steel, JSW Steel, and Adani Group expressed "strong interest" in the entity during pre-bid consultations held in early December.
• “RINL received very positive feedback during the roadshows. Seven companies have expressed strong interest, including Tata Steel, Adani Group, and JSW Steel, ” said one of the individuals on the condition of anonymity. Read more

Latest News and Updates

• GFG Alliance, which operates in the local steel industry, has obtained a term loan from Eclipse Business Capital in the US for USD 40 million (about Rs330 crore).
• The money, which was raised through the group firm Liberty Steel USA, would be used to refinance the company's current term loan, according to a statement released by GFG Alliance on Monday. Read more

Latest News and Updates

• According to the most recent price notification sent out by fuel retailers, gasoline and diesel prices were stable on December 13 across metro areas.
• Cost of 1 liter of petrol and diesel:
• Delhi: 1 liter of petrol costs Rs 96.72, and Diesel costs Rs 89.62 Read more

Latest News and Updates

Latest News and Updates

• SBC Exports Limited informed that it has received 12 work orders for providing office support, project management support, and Rollout Services.
• The order has been received from National Informatics Centre Services Incorporated, New Delhi.
• The company stated in its media filing that the aggregate purchase order cost of the said Work-Orders is Rs1.35 crore. Read more

Latest News and Updates

• Indian markets recovered from their previous losses and were in the positive trade during Tuesday's opening bell tracking positive global cues. Banking stocks rallied the most, while IT, metals, auto stocks also contributed to the upside substantially.
• Sensex has gained over 62,200-mark in the early deals. At around 9:36 AM, Sensex was performing at 62,200.67 higher by 70.1 points or 0.11% after touching an intraday high of 62,300.67.
• Meanwhile, in the early exchange of trade, Nifty 50 managed to inch near 18,500. At present, the 50-scrip index was trading at 18,516.35 up by 19.20 points or 0.10% after touching an intraday high of 18,540.85. Read more

Latest News and Updates

• KEC International Ltd., an RPG Group Company, has received new orders totalling Rs1,349 crore across its various businesses.
• The company has received orders for T&D projects in India, SAARC, the Middle East, and the Americas.
• This includes an HVDC project in India, from a leading private player – KEC’s first project in the promising segment of HVDC Terminal Station in India, a 400 kV Overhead Transmission line in Kuwait, a 132 kV Underground Cabling order in Nepal, and supply of towers in the United States of America.
• Further, the company secured orders for building a Data Centre and for infra works in the Hydrocarbon segment in India, for its civil business. Read more

Latest News and Updates

• Tuesday's early trade saw a decline in gold prices, with ten kgs of the 24-carat gold trading at Rs 54,330. On the other side, silver gained Rs 90 and was currently trading at Rs 69,000 per kilogram. According to the GoodReturns website, ten grams of 22-carat gold was trading at Rs 49,800 today.
• Price of 10 grams of 22 and 24-carat gold:
• Mumbai, Kolkata, Hyderabad, Kerala, and Pune: 10 grams of 24-carat and 22-carat gold sold at Rs 54,330 and Rs 49,800 Read more

Latest News and Updates

• Godrej Agrovet Limited informed to the exchanges in a filing on Monday that it has entered into two Sale Deeds dated December 12, 2022 ("Sale Deed") for transfer of total land admeasuring 3.92 Acres (approx.) situated at Ambattur, Tamil Nadu for a total consideration of Rs71.36 crore (approx.).
• As per the filing, Godrej and Boyce Manufacturing Company Limited ("G&B") has bought 0.65 Acres (approx.) situated at Ambattur, Tamil Nadu for Rs11.83 crore (approx.) and Minerva Veritas Data Centre Private Limited ("Minerva") has bought 3.27 Acres (approx.) situated at Ambattur, Tamil Nadu for Rs59.53 crore (approx.) Read more

Latest News and Updates

• Nelcast Ltd has announced that the power supply at its plant located at Gudur, Andhra Pradesh has been temporarily disrupted from Saturday, December 10, 2022.
• In a regulatory filing, the company said that the reason behind temporarily shut down is to main incoming Transformer failure due to which the Company's operation is disrupted.
• "The Company is taking adequate steps to restore the operations before this week. There will be some production loss for few days in the plant", Nelcast said on Monday. Read more

Latest News and Updates

• Escorts Kubota Limited has informed that Harish Lalchandani is being appointed as the Chief Commercial officer to head the domestic tractor business for Agri Machinery w.e.f December 12, 2022.
• According to the regulatory filing, Harish is a strong commercial leader with more than 2 decades of holistic experience across the consumer and Industrial sectors.
• He also brings strong expertise in P&L Management, strategic marketing, sales and product management across different verticals and geographies. Read more

Latest News and Updates

• Cupid Limited stocks in focus on Tuesday as the received major purchase order.
• As per the regulatory filing, Cupid has received a purchase order from United Nations Population Fund (UNFPA) for supply of Water Based Lubricant worth Rs5.75 crore (Approx.).
• Further, the purchase order caters to international market and the time period by which the order is to be executed is February, April & June, 2023. Read more

Latest News and Updates

• The initial public offer (IPO) of Abans Holdings opened for subscription on Monday, December 12. The IPO was subscribed 11% on day 1 of the offer. It received bids for 14,30,715 shares against 1,28,00,000 shares on offer, according to BSE data.
• The category for non-institutional investors received 12% subscription and Retail Individual Investors (RIIs) part was subscribed 13%. However, the category of qualified institutional buyers was not even marked off.
• The company is issuing 1.28 crore equity shares out of which up to 38 lakh equity shares are fresh issue and an offer for sale of up to 90 lakh equity shares. Read More

Latest News and Updates

• Reliance Jio has collaborated with global technology firm OnePlus to create the country's first evolutionary stand-alone 5G technology ecosystem.
• All of the OnePlus 5G handsets will be powered by Jio's "True 5G" technology as part of the partnership.
• The Jio and OnePlus teams have been aggressively collaborating behind the scenes to enhance their 5G technology offerings throughout the product portfolio and increase user access to the technology. Read more

Latest News and Updates

• The IPO of Nashik-based wine maker, Sula Vineyards opened for subscription on December 12. The IPO was subscribed 28% on day 1. It has received bids for 52,34,670 shares against 1,88,30,372 shares on offer, as per BSE data.
• The category for Retail Individual Investors (RIIs) was subscribed 48% and that of non-institutional investors 18%.
• The company is offering 26,900,530 equity shares at a price range of Rs 340-357 a share. Investors can apply for 42 shares in a lot, retail investors can apply maximum of 13 lots. Read More

Latest News and Updates

• Indian equity markets are likely to start the day on a flat note. US CPI data for November is likely to come today. US Federal Reserve is expected to announce an interest rate hike later in the day.  Industrial Production of India contracted y-o-y by 4% in October.  These factors may cause volatility in the markets in later half of  the day.
• US markets ended in Green yesterday. Dow Jones ended, up by 1.58%. NYSE Composite ended, up by 1.16%. S&P 500 ended, up by 1.43%. Nasdaq ended, up by 1.26%. The rise in US markets yesterday, indicate to a very good probability that US Federal Reserve may lower its interest rate hike, when it announces it on Thursday.
• Asian markets have opened in the green today. Japanese Nikkei is up by 0.34%. South Korean KOSPI is up by 0.090%. Taiwan Index is up by .073%. Shanghai Index is up by 0.17%. ASX Index is up by 0.22%. Read more

Latest News and Updates

• The Working Committee of Satin Creditcare Network Limited in its meeting held on December 12, 2022 has allotted 650 NCDs of face value of Rs10,00,000/- each aggregating to Rs65 crore.
• On Tuesday, at around 9:17 A, Satin Creditcare Network Ltd was trading at Rs156.35 per share down by Rs2.65 or 1.67% from its previous closing of Rs159 on the BSE. Read more

Latest News and Updates

• OYO, a significant player in the hospitality industry, has unveiled a program that ranks hotels based on how consistently and well they treat their guests. "Super OYO" analyzes a hotel's performance based on a variety of factors, including customer reviews, the maximum number of consistently operating rooms, and the check-in experience.
• Customers using the company's app to make reservations can see "Super OYO." The company stated it would push others to earn the designation on its platform. There are about 200 "Super OYO" hotels in more than 70 cities. Read more

Latest News and Updates

• The initial public offer (IPO) of Landmark Cars is opening on Tuesday, December 13 and will conclude on December 15.
• The company aims to raise Rs 552 crore from its public offer out of which Rs 402 crore is reserved for offer for sale. The auto company has fixed IPO price band at Rs 481 to Rs 506 per share. Investors who want to invest in Landmark Cars IPO can apply for 29 shares in a lot. Read More

Latest News and Updates

• Tuesday saw an increase in oil prices for a second day as a major pipeline supplying the United States, the world's largest consumer of crude, remained closed and on hopes that demand will increase as COVID limits are loosened in China, the world's second-largest consumer of petroleum.
• Brent crude futures increased by 64 cents, or 0.8%, to reach $78.63 per barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 64 cents, or 0.9%, to reach $73.81.
• Supply has been restricted as a result of the suspension of TC Energy Corp.'s Keystone Pipeline, which transports around 620,000 barrels of Canadian oil per day from Alberta to the United States. This has increased the likelihood that stockpiles at the Cushing, Oklahoma, storage hub will decrease. The delivery point for the WTI crude futures contract is likewise Cushing. Read more

Latest News and Updates

• Ahead of the initial public offer opening on Tuesday, December 13, Landmark Cars has raised Rs 165.30 crore via its anchor book.
• On December 12, company has said in its BSE filing that it has allocated 32.66 lakh shares to anchor investors, at a price of Rs 506 per share, the upper end of price band. Total of 14 investors has invested in the company via anchor book. These include HDFC Mutual Fund, Nippon Life India, Goldman Sachs, Aditya Birla Sun Life, Pinebridge Global Funds, Edelweiss, Maven India Fund, BNP Paribas Arbitrage, Resonance Opportunities Fund, and Morgan Stanley.
• Landmark cars aims to raise Rs 552 crore through public issue of 1.09 crore shares, which comprises a fresh issue of Rs 150 crore and an offer for sale of Rs 402 crore. The company has fixed IPO price band at Rs 481-506 per share. Investors can invest in the IPO in a lot size of 29 shares and its multiples. Read more

Latest News and Updates

• Coal production from coal blocks during April-November of Financial year 2022-23 was reviewed by Amrit Lal Meena, Secretary (Coal) on Monday with project proponents of operational coal blocks.
• Secretary (coal) informed that the target for the country is 900 million ton and contribution of captives/ commercial mines is significant and he hoped that they will produce as per target. 
• Ministry of coal is taking all necessary steps and coordinating with State and Central agencies for starting new coal mines and for increasing coal production from operational mines. Read more

Latest News and Updates

• The government told Parliament on Monday that Shaji K V has assumed leadership of the National Bank for Agriculture and Rural Development (NABARD) as of December 7, 2022.
• In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Karad stated that Suchindra Misra, Extra Secretary, Department of Financial Services, Ministry of Finance, who was holding an additional charge, has been replaced.
• Furthermore, according to Karad, the organization has 514 groups of A-level openings while there are two board-level openings. Read more

Latest News and Updates

• On Monday, the Reserve Bank of India imposed penalties against 13 cooperative banks for breaking various regulatory standards. The fines vary from Rs 50,000 to Rs 4 lakh.
• Shri Kanyaka Nagari Sahakari Bank, Chandrapur, received the maximum penalty of Rs4 lakh, while The Vaidyanath Urban Co-operative Bank, Beed, received a punishment of Rs2.50 lakh.
• Wai Urban Co-operative Bank in Satara and Indore Premier Co-operative Bank in Indore have each been fined Rs2 lakh.
• The Tura Urban Cooperative Bank in Meghalaya and Patan Nagarik Sahakari Bank in Patan have both been fined Rs1.50 lakh for breaking several rules. Read more

Latest News and Updates

• The list of qualifiers under the PLI plan for specialty steel is dominated by the top five steel companies: Tata Steel, JSW Steel, JSPL, AMNS India, and SAIL. A few additional companies, including Gallant Metalliks, Shyam Metalics Flat Products, and Sunflag Iron and Steel, have also been chosen to make investments under the production-linked incentive (PLI) programme.
• The government said on Friday that 67 out of 79 proposals had been shortlisted, with a total investment potential of Rs42,500 crore. The proposed investments are anticipated to increase the nation's capacity for speciality steel by 26 million tonnes and create 70,000 new job opportunities.
• A formal document states that JSW Steel submitted for six categories, whilst Tata Steel submitted for seven different sorts of special steel products. Read more

Latest News and Updates

• On Monday, the Jaypee Group announced the signing of a legally binding deal to sell its cement division to Dalmia Cement (Bharat) Ltd for an enterprise value of Rs5,666 crore.
• Jaiprakash Power Ventures and Jaiprakash Associates have both signed the legally binding document.
• The Jaypee Group companies said in a press that the divestiture includes cement facilities with a combined capacity of 9.4 million tonne, clinker assets with a capacity of 6.7 million tonne, and a thermal power plant with a capacity of 280 MW.
• The primary purpose of the money raised by the sale of the cement business to Dalmia Bharat is to pay off the debt owed by Jaiprakash Associates. Read more

Latest News and Updates

• According to Icra, the demand for electricity across the entire country is anticipated to increase 7% to 1,480 billion units (BU) in the current fiscal year. The rating agency stated on Monday that the all-Indian power consumption in the previous 2021–22 fiscal was 1,380 BU.
• According to a report by Icra, "All-India electricity consumption should stay healthy at above 7% in FY23 despite growth slowing after Q1 of this fiscal, and expand at 5-5.5% in FY24." Read more

Latest News and Updates

• Jindal Cotex Ltd received a notification from SEBI on Monday , demanding more than Rs14 crore in payment for manipulating the issuance of global depository receipts (GDR). Jindal Cotex Ltd. (JCL) has been given a 15-day deadline by the regulatory body to pay over Rs14 crore, including interest and collection fees.
• In the event of non-payment, it will recover the money by seizing and selling the company's real estate, both movable and immovable. According to SEBI, the company may also have its assets and bank accounts attached, and its directors may still be detained.
• The warning was sent after JCL was given a fine by the Securities and Exchange Board of India (SEBI) but failed to pay it. Read more

Latest News and Updates

• As part of a 10-year business agreement to move the data platform of the exchange operator into the cloud, Microsoft will acquire a 4% equity investment in the London Stock Exchange Group, the British corporation announced on Monday.
• It is the most recent illustration of the growing connections between a small group of major international cloud providers, including Microsoft, Google, Amazon, and IBM, and it has spurred regulators to examine the connections more carefully.
• Microsoft has had relationships with LSEG for a while, but according to the exchange group's CEO David Schwimmer, discussions regarding deeper connections started approximately a year ago. Read more

Latest News and Updates

• The board of Tata Motors Ltd has given its preliminary consent for the company to contemplate selling a portion of its ownership in Tata Technologies Ltd through an IPO.
• The manufacturer stated in a release on Monday that once a plan is in place, the business would make announcements regarding advances pertaining to the IPO.
• Tata Technologies offers original equipment manufacturers in the automotive and aerospace industries as well as their suppliers engineering and design services, product development, and IT service management. Read more

Latest News and Updates

• On Monday, the private ICICI Bank said that it has raised Rs 5,000 crore through bonds to support corporate expansion.
• According to a regulatory filing, the bank has allocated 50,000 senior unsecured redeemable long-term notes in the form of debentures totalling Rs5,000 crore on a private placement basis, with the date of the allotment being December 12, 2022.
• The bonds are redeemable after seven years on December 12, 2029, according to the statement.
• The bonds are not associated with any unique rights or advantages, it was added. Read more

Latest News and Updates

• The Singapore Exchange's Nifty futures traded 25.5 points, or 0.14%, higher at 18,623.5, indicating that the stock market may begin the day on a positive note. The following ten stocks may show price movement in today's market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks
• HCL Technologies:
• Mondelez International, a maker of snacks, has extended its multi-year agreement with the IT firm to improve cybersecurity and change workplace services globally.
• ICICI Bank:
• In order to finance corporate expansion, the private sector lender has raised Rs 5,000 crore through bonds. Read more