Latest Stock Market News

The maiden public issue is purely an offer of sale (OFS) by existing shareholders. The OFS size has been reduced to 61.91 lakh equity shares from 1.28 crore equity shares planned earlier.

Solana’s SOL token has surged about 340% to $41 in 2023, outdoing the 114% rally in market bellwether Bitcoin and becoming the best performing token among the largest cryptocurrencies tracked by Bloomberg. That follows a 94% drop last year as Bankman-Fried’s FTX and Alameda Research — two major backers of the project - collapsed into bankruptcy.

The emphasis on profitability and cost control echoed the commentary from larger peer PayPal Holdings, which said earlier this week that it would turn "leaner" to drive growth.

Banking gauge Nifty Bank finished the day at 44,885, up by 433.90 points or 0.98%.​

SCI said shareholders of the company have approved dividend of Rs 0.44 per equity share of face value Rs 10 each.

The JSW Group company’s operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter increased by 52% on year to Rs 457 crore. Subsequently, the operating margin expanded a sharp 841 basis points to 53.83%.

Brent crude futures were down $1.21, or 1.4%, to $85.64 a barrel at 1431 GMT, while U.S. West Texas Intermediate crude futures fell $1.25, or 1.5%, to $81.21 a barrel.

The chain reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Rs 165 crore for the second quarter, up 64% year on year.

Total income of the bank during the July-September period rose to Rs 2,674 crore against Rs 2,120 crore in the corresponding period of FY23, Punjab & Sind Bank said in a regulatory filing.

EPS is an important financial measure, which indicates the profitability of a company.