March 6th, 2018The recent news of the drafting of the massive IPO of 900 million, at the SEBI by the leading seafood exporter Devi Sea Foods has stirred the market. The listing of equity shares will help to improve its brand image and provide liquidity to its existing shareholders. The company, which had its advent in 1992, will have the leading...
February 20th, 2018Shares of Gitanjali Gems & Punjab National Bank (PNB) tumbled over 10% to 7% yesterday, following the Rs 11,400-crore fraud by Nirav Modi.
PNB shares were down to 7.16 per cent to its 52-week low of Rs 116.65 on BSE. At NSE, shares of the company dived 6.77 per cent to hit a one-year low of Rs 117.05. In four trading sessions, the...
February 14th, 2018Multi-national financial institution, Punjab National Bank on Wednesday quoted that it had detected some unauthorised and fraudulent transactions worth $1.77 billion(11400 crore) in one of its branches in Mumbai.
Because of the incident, the bank's share price slipped to 9.7 percent within a day. India's second biggest state lender...
February 1st, 2018Benchmark Sensex crashed over 300 points in afternoon trade today after Finance Minister Arun Jaitley announced 10 per cent tax on some long term capital gains in his Budget speech.
The NSE Nifty also sank below the 11,000-mark during the Budget presentation.
Sentiment also took a hit after the fiscal deficit target for 2017-18 was...
December 18th, 2017The BSE Sensex and NSE Nifty rose after falling over 2% in the opening trade on Monday under the influence of close fight in voting between BJP and Congress in Gujarat and Himanchal Pradesh. The disturbance also weakened against the US Dollar, while bond yield hit a fresh 16-month high.
As the market opened, BSE Sensex was down by...
December 4th, 2017Beijing based Chinese smartphone maker company Xiaomi is in talks with investment banks about an initial public offering and is seeking a valuation of at least $50 billion, Bloomberg reported.
Once, the world's most valued startup is in the word is considering an offering in the starting of the year 2018 with most probably Hong Kong as...
October 25th, 2017Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a $32.43 billion plan to recapitalise its state banks over the next two years, although bonds fell given the injection will be funded with debt.
State Bank of India, the biggest lender, rose more than 20 percent, while Punjab National...
July 14th, 2017The board of e-commerce firm Infibeam Incorporation today approved share split plan in the ratio of 1:10 that will make its scrip more affordable for the investors and increase market liquidity.
The board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake.
"The Board of Directors of the...
Coffee Day Enterprises Ltd, known as the Cafe Coffee Day (CCD) brand among other businesses, has received the green signal from securities market regulator Securities & Exchange Board of India...