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SpiceJet shares decline over 4 pc after Q2 loss

Updated at : 2022-11-15 13:20:01

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SpiceJet on Monday reported widening of net loss to Rs 837.8 crore in the three months ended September, as record fuel prices and depreciating rupee caused turbulence for the budget carrier.

CESC board approves raising Rs 300 cr via NCDs

Updated at : 2022-11-15 13:20:01

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Power utility CESC on Tuesday said its board has approved a proposal to raise Rs 300 crore through issuance of non-convertible debentures (NCDs). "Committee of the Board at its meeting held today... approved the issue of 3,000 secured, unlisted, redeemable, rated NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis," a BSE filing stated.

CESC board approves raising Rs 300 cr via NCDs

Updated at : 2022-11-15 13:20:01

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Power utility CESC on Tuesday said its board has approved a proposal to raise Rs 300 crore through issuance of non-convertible debentures (NCDs). "Committee of the Board at its meeting held today... approved the issue of 3,000 secured, unlisted, redeemable, rated NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis," a BSE filing stated.

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Alembic Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Royalty Income and Other Operating Revenue for the year ending 31-Mar-2022.

Genus Power Infrastructures Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2124.62 Crore) operating in Electric/Electronics sector.

“The index we launched – the India 25, picks up the top 25 unicorns by their market valuations. So with 25 companies, it broadly represents the whole industry or the whole marketplace and this index is going to be calculated on a daily basis as well. We have created a proprietary pricing model that looks at the last funding round and the last valuations.”

Barring the US dollar-pegged stablecoins and Tron, all other top crypto tokens were up. Solana rallied 13% and XRP gained 11%. Uniswap and Polygon jumped up to 10% each.

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The Nifty Pharma index was trading 0.49 per cent down at 12955.8.

In value terms, HDFC MF added IndusInd Bank shares worth Rs 378 crore, followed by DSP MF at Rs 80 crore and Franklin Templeton MF at Rs 73 crore.

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“The strongest tailwind for equity markets globally is the peaking of inflation in the US and the possibility of a slower pace of rate hikes. In tune with this trend, CPI inflation in India, too, has declined to 6.7% in October from 7.4% in September. The decline in crude to $92 is another positive. All these can take Nifty to a new record, but in typical market characteristics, it may not happen when the consensus expects it to happen,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

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