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Source: Live Mint The soft drink Pepsi’s parent company, Pepsico Inc., announced double-digit organic sales growth for the Indian market in the third quarter of the calendar year 2024, reported the news agency PTI on Tuesday, October 8. “There are pockets of strength in International, Southeast Asia and India markets that are growing nicely,” said…
Source: Live Mint The initial public offering (IPO) of Garuda Construction and Engineering, which opened for bidding on October 8, was subscribed over 1.91 times on the first day, Tuesday. According to stock exchange data, the issue received bids for 3,80,15,666 shares compared to the 1,99,04,862 equity shares offered, with a price range of ₹90-95….
Source: Live Mint The market regulator has proposed new draft rules to create a standardized policy for sharing financial market data with research institutions, analysts and other stakeholders. The Securities and Exchange Board of India (Sebi) had formulated a data-sharing policy in 2018 for analytics projects, research activities, and more. Since its inception, the regulator…
Source: Live Mint The markets regulator will let stockbrokers deal in government securities by accessing the negotiated dealing system-ordering matching (NDS-OM) introduced by the Reserve Bank of India (RBI) in 2005. NDS-OM is a screen-based electronic anonymous order matching system for secondary market trading in G-Secs owned by RBI. It was exclusively designed for G-Secs…
Source: Live Mint The markets regulator Securities and Exchange Board of India (SEBI) has given its approval to Zinka Logistics and Standard Glass to raise funds through initial public offering (IPO). In an earlier notification, Sebi also gave its green signal to National Securities Depository (NSDL), which had filed draft red herring prospectus in July…
Source: Live Mint The Board of Reliance Industries Ltd (RIL) is scheduled to meet on October 14 to review and approve the financial results for the quarter ending September 2024. “Meeting of the Board of Directors of the Company is scheduled to be held on Monday, October 14, 2024, inter alia, to consider and approve…
Source: Live Mint Garuda Construction and Engineering IPO: The first day of bidding for Garuda Construction and Engineering Ltd started well, with the issue being fully booked and receiving a positive response from retail investors. The Garuda Construction IPO consists of a combination of 1.83 crore fresh equity shares and an Offer For Sale (OFS)…
Source: Live Mint While the Indian stock market rebounded from a sharp six-day sell-off in Tuesday’s trade, metal stocks experienced a significant decline, with many stocks in the Nifty Metal index dropping by as much as 4% after China’s leading economic planner failed to introduce further stimulus measures. As a result, the Nifty Metal index…
Source: Live Mint Shares of Olectra Greentech, an electric bus manufacturer, rose nearly 7% in intraday trade on Tuesday, October 8, to ₹1663.45 apiece, breaking a three-day losing streak. This sharp reversal in shares came after the company emerged as the lowest bidder for a contract to supply 327 electric buses to the Himachal Road…
Source: Live Mint A rally in Chinese stocks, major changes to India’s F&O rules, and the Israel-Iran conflict have all contributed to recent market volatility. Sentiment has shifted, with a notably bearish tone in the markets. In the past five days, the BSE Sensex and NSE Nifty have both dropped over 5%. Amid the turmoil,…
