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Source: Live Mint Hindustan Unilever Ltd (HUL) has been struggling with muted revenue growth for the past few quarters, thanks to a combination of weak pricing and subdued volume growth. Demand conditions are still not particularly exciting, with urban demand moderating even as rural is recovering. At its recent capital markets day meeting, HUL’s management…
Source: Live Mint A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December. Wall Street traders also refrained from making riskier bets amid intense volatility…
Source: Live Mint Trafiksol IPO: Capital markets regular Securities and Exchange Board of India (SEBI) on Tuesday, December 3, ordered Trafiksol ITS Technologies Ltd to refund investor’s money worth ₹45 crore within one week after halting the share listing of the SME IPO. The market watchdog also directed the Bombay Stock Exchange (BSE) in its…
Source: Live Mint Paytm investors have plenty to smile about at this juncture. The stock has rewarded their faith and patience by delivering an impressive 140 per cent return over the past six months. Things have turned around dramatically for the stock, which faced a sharp selloff earlier this year. On January 31, the Reserve…
Source: Live Mint Healthcare services provider Suraksha Diagnostic Limited’s initial public offering (IPO) received a positive response on the final day of the public bidding. Opened for public subscription on November 29, the IPO was subscribed 1.27 times on the final day. The investors subscribed for 1,70,65,280, compared to the 1,34,32,533 shares on offer. The…
Source: Live Mint Several entities linked to the Adani Group have approached the India markets regulator seeking to settle a case that accuses them of violating public shareholding regulations at some listed companies, the Economic Times reported on Tuesday. The Securities and Exchange Board Of India (SEBI) had sent notices to Adani Enterprises, the group’s…
Source: Live Mint International crude oil prices rose more than 1.5 per cent on Tuesday, December 3, ahead of the output policy decision by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) meeting. Investors also weighed the fragile ceasefire between Israel and Lebanon, which provided extra support. Global benchmark Brent crude futures last…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has proposed a new online system to improve the monitoring and supervision of stockbrokers’ system audits. This proposal, aimed at enhancing audit quality and accountability, will create a web-based platform for stock exchanges to oversee the system audit process for brokers in real-time. It…
Source: Live Mint Wall Street stocks were muted on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the last session. At the opening bell, the Dow Jones Industrial Average fell 12.4 points, or 0.03%, to 44769.58. The S&P 500 fell 4.2 points, or 0.07%, to 6042.97, while the Nasdaq Composite…
Source: Live Mint The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.85 per cent to the level of 24,481.35 in intraday trade, breaking above its…
