Latest Stock Market News

Further, Sebi noted that the changes would also help conclude the offers in a more efficient and time-bound manner and to synchronise the timelines of similar activities across all the tender offers to the extent possible. Among other changes, the regulator has proposed the period for tendering shares in an open offer to 10 working days from the date of receiving comments from Sebi and would remain open for 5 working days.

According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.

Noting that strategic disinvestment of PSUs is at variance with privately executed agreements, Sebi in the consultation paper said the announcement of private transactions is made only upon execution of binding agreements and thus there is not much impact on the traded price of such target companies.

Martin J. Pring is the president of Pring Research and Chairman of Pring Turner Capital group, a money management and sub-advisory firm which provides research to individuals and financial institutions around the world.

Max said it has sought both NSE and BSE to reclassify the original promoters on December 8, 2021.

Lithium-ion battery pack maker Cygni Energy Private Limited is looking to invest about $40 million (over Rs 300 crore) to set up a greenfield manufacturing plant near Hyderabad with the capacity to put together around 40,000 batteries a year, its chief executive told ET.

Right now, the 6.6% surge in the S&P 500 ranks -- somehow -- as the biggest rally to coincide with the start of a Federal Reserve rate-hike cycle since World War II, data compiled by Ned Davis Research and Bloomberg show. Fueled by positive economic reports, equities just notched their second straight week of gains, with the S&P 500 recouping half its losses since January.

Historically, following the bull run of 1999-2000 peaked, domestic markets rebounded over 30% post the first leg of correction.

About $687 million will be invested in Cairn towards increasing volume through additional wells at existing oil fields as well as towards exploration. The oilfields at Mangala, Bhagyam, Aishwariya, and Ravva, among others, will see drilling of additional wells called infill wells in industry parlance.

Sitharaman said the government was holding consultations on the legal status of cryptocurrencies on whether to regulate or ban them, delinking any decision on this from the proposed 30% tax on virtual digital asset transfers.