Latest Stock Market News

The counsel for State Bank of India(SBI) , one of the lenders of Jet Airways, on the other hand, said the consortium had not infused any funds in the airline and had not complied with any of the conditions laid down by the National Company Law Tribunal order for the transfer of ownership.

Yield on the 10-year benchmark bond settled at 7.16% on Friday, four basis points higher than its previous close and the highest closing level since July 7, Bloomberg data showed. Bond prices and yields move inversely. One basis point is 0.01 percentage point.

Net profit was lower than the ₹8,155 crore reported a year ago, which in turn was almost entirely due to an exceptional gain of ₹7,614 crore from the demerger of the pharmaceutical business.

The bids came at an indicative price of ₹121.60 apiece against the floor price of ₹119. Shares of Rail Vikas Nigam declined 4.12% to close at ₹120.95. The retail portion was subscribed 18%, while the non-retail portion more than 1.7 times.

"A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions…This will facilitate access to global capital and better valuation,” says Finance Minister Nirmala Sitharaman While speaking at the launch event of AMC Repo Clearing and a corporate debt market development fund on Friday

Total assets of the company rose to Rs 63,938 crore, of which retail loans constituted 55%, up from 34% a year ago. Retail loans grew 57% to Rs 34,891 crore

Total income for the quarter was Rs 3,125 crore, up 25% y-o-y, aided by growth in asset book, a release by the NBFC said. Disbursements at Rs 12,165 crore were higher by 28% y-o-y. Loan book increased sequentially by 4.8% to Rs 86,732 crore.

"We are well on track to achieve our revenue growth guidance for 2023-24. We have seen robust growth in CPaaS (Communications platform as a service) and Firewall business with the signing of large contracts," Route Mobile Managing Director and Group Chief Executive Officer Rajdipkumar Gupta said.

The Group is in talks with Barclays, Deutsche Bank and Standard Chartered to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase of Ambuja Cements

How some of the IPOs this year got listed compared to their issue price