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Source: Live Mint International crude oil prices slightly recovered from a 33-month low level and climbed three per cent or over $2 a barrel on Wednesday, September 11, driven by fears of lengthy production shutdowns in the offshore oil patch due to Hurricane Francine. The recovery in prices also came after an increase in US…
Source: Live Mint The initial public offerings (IPO) of Excellent Wires and Packaging opened for subscription on September 11. The small and medium enterprise (SME) IPO was subscribed over 1.27 times on the first day of bidding. Established in March 2021, Excellent Wires and Packaging Limited produces a diverse range of wires and wire ropes…
Source: Live Mint Tolins Tyres initial public offerings (IPO), which opened for subscription on September 9, was subscribed 23.89 times on the final day of bidding on September 11. Tolins Tyres was established in 2003 and is one of the top tire manufacturing companies in India. It exports its products to 40 countries and specializes…
Source: Live Mint Recent global developments leading to ample supplies amid weaker demand prospects have pushed Brent oil prices to lows of ~USD71/bbl. While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, we expect oil prices to rebound to USD75-80/bbl in the near term. Thus, net oil realization should…
Source: Live Mint US stock indices were mixed on Wednesday after the latest inflation data. At the opening bell, the Dow Jones Industrial Average fell 98.2 points, or 0.24%, to 40638.76. The S&P 500 fell 0.9 point, or 0.02%, to 5496.42, while the Nasdaq Composite rose 35.5 points, or 0.21%, to 17061.406. Oil prices climbed…
Source: Live Mint Shree Tirupati Balajee Agro Trading shares are set to debut on the Indian stock exchanges on Thursday, September 12. Ahead of the listing, the company’s shares are commanding a healthy grey market premium (GMP) of ₹40, according to investorgain.com. Considering the IPO price band’s upper end and the grey market’s current premium,…
Source: Live Mint Shares of Varun Beverages surged 4 percent to ₹1,588 per share on September 11, in anticipation of its 2:5 stock split record date. As a result, the stock will begin trading on an ex-split basis starting tomorrow, September 12. The board of directors has established September 12 as the ‘record date,’ the…
Source: Live Mint Stock Markets Today: Power Grid Corporation of India , NTPC share prices that have risen 60-70% in last one year, however are down up to 6% in September. The Hydropower producers NHPC and SJVN and Bharat Heavy Electricals Ltd (BHEL share price) also have seen some correction during September. While the markets…
Source: Live Mint Shares of Evexia Lifecare came into the spotlight on Wednesday, September 11, after the company announced its upcoming board meeting, set for Monday, September 16, 2024, to discuss a significant fundraising initiative. The board is expected to consider raising funds through the issuance of convertible equity warrants and/or equity shares on a…
Source: Live Mint ESOP 2024: Poonawalla Fincorp Limited on September 11 announced the grant of 300,000 stock options under its Employee Stock Option Plan-2024 – Scheme-II (ESOP-2024 – Scheme-II). The Nomination and Remuneration Committee of the Board approved this grant on September 10, 2024, with an exercise price set at ₹382.63 per option. The options…
