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​The company has also been increasing promotions and offering discounts, resulting in lower prices for some of its products and taking a toll on organic or self-generated sales at its largest division, fabric and home care

In an exchange filing, the company stated that the issue price would be determined in consultation with the bankers. SBI Capital Markets, Jefferies India Private, and ICICI Securities have been appointed as the book-running lead managers for the issue, it added.

As per the additional disclosure framework for FPIs issued in August 2023, certain FPIs with assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis to ascertain whether the FPI is effectively domiciled in a land bordering country (LBC) or not.

A Sebi study had earlier pointed to 90 per cent of the trades resulting in losses. The capital markets regulator also came up with a consultation paper on Tuesday proposing ways to limit the activity.

The Zerodha co-founder and CEO pointed out that futures traders generally have a higher success rate than option buyers. Futures traders tend to be profitable around half the time, while option traders are profitable only about 10% of the time, he said, attributing this difference to the higher leverage available in options trading compared to the capped leverage in futures trading.

The Dow Jones Industrial Average rose 82.2 points, or 0.20%, at the open to 40,622.13.

Tata Consumer Products Ltd (TCPL) on Tuesday reported a 14.34 per cent decline in consolidated net profit to Rs 289.25 crore in the first quarter ended in June 2024 on account of exceptional items and lower share of profits from its associates and joint ventures. The company had posted a consolidated net profit of Rs 337.71 crore in the April-June quarter a year ago, according to a regulatory filing from TCPL.

Precision engineering and manufacturing firm Balu Forge on Monday said its on-year net profit grew over two-fold to Rs 34.16 crore in the April-June quarter this year, driven by higher income. The company had posted a net profit of Rs 16.67 crore in the April-June period of FY24.

Gold prices jumped by Rs 550 to Rs 71,600 per 10 grams in the national capital on Tuesday following strong demand from jewellers and firm global trends. In the previous trade, the precious metal had closed at Rs 71,050 per 10 grams.