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Source: Live Mint Nuvama Institutional Equities, a brokerage firm, has maintained its ‘buy’ rating on Kajaria Ceramics stock and revised the target price to ₹1,754 from the previous ₹1,683. This update comes in light of the sector’s recovery and increased demand driven by a resurgence in real estate. According to Nuvama, following their recent meeting…
Source: Live Mint The initial public offering (IPO) of Pelatro was 0.43 times subscribed as of 5:00 p.m., with the Retail Investors’ portion booked at 0.79 times and the Non-Institutional Buyers’ portion at 0.18 times, according to data from Chittorgarh.com. The IPO received bids for 798,600 shares out of the 1,876,800 shares on offer. The…
Source: Live Mint (Bloomberg) — Carlyle Group Inc. has revived plans for an initial public offering of specialty chemicals producer Nouryon, according to people with knowledge of the matter, as private equity firms globally gear up for a rebound in listings. The US buyout group has asked investment banks including Barclays Plc and Goldman Sachs…
Source: Live Mint By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON – The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could deliver a supersized cut to interest rates later this week. The Fed had been widely expected to announce at least…
Source: Live Mint Shares of PVR Inox Ltd. gained nearly 3 per cent after brokerage firm Anand Rathi released a note on the company, reaffirming a ‘buy’ rating with a target price of ₹2,065 per share. This target suggests a potential upside of 25 per cent from the stock’s previous closing price of ₹1,655. “We…
Source: Live Mint The S&P 500 and the Nasdaq edged lower while Dow Jones rose on Monday, ahead of the Federal Reserve’s monetary policy decision later this week. Investors cautiously awaited the Federal Reserve’s first interest rate cut since 2020 on Wednesday. At 09:50 a.m. the Dow Jones Industrial Average rose 260.54 points, or 0.63…
Source: Live Mint Oil prices increased by approximately 2% on Monday, driven by ongoing disruptions to U.S. Gulf oil infrastructure, which offset persistent concerns about demand following new data from China. Investors are also anticipating a potential reduction in U.S. interest rates later this week. By 1315 GMT, Brent crude futures for November rose by…
Source: Live Mint Real estate company Arkade Developers, which opened for subscription on September 16, was fully subscribed on first day of bidding. The IPO was subscribed over 5.80 times on Monday. Arkade Developers, a fast-growing real estate company, has established a significant foothold in the Mumbai market. As of July 31, 2023, the firm…
Source: Live Mint Come October 1, bonus shares will be available for T+2 trading, reducing the time from the record date for credit and trading. In a circular released on Monday, the Securities and Exchange Board of India (Sebi), the markets regulator, fast-tracked the process for the bonus issue of equity shares under the T+2…
Source: Live Mint ‘Facts will be taken on board’: Nirmala Sitharaman on Hindenburg’s salvo against Sebi chief Madhabi Puri Buch Read Full Article
