Latest Stock Market News

​US stocks rallied on Tuesday, with the S&P 500 closing at its highest level in 2-1/2 months, as a sales forecast by Best Buy dampened concerns high inflation would lead to a dismal holiday shopping season while a bounce in oil prices helped lift energy shares.

RIL was the highest bidder in the first round of resolution plan submissions, while Adani Power took top spot in the second round, the people said. The PFC-REC combine was third in both rounds.

The Indian capital markets regulator has made it unambiguously clear that funds have to close and liquidate within the specified period even if a predominant number of investors who have contributed to a fund pool give their consent to extend the tenure of the fund.

The stock however, gave up part of its gains before closing at ₹690.10, up 17.6% over its issue price. The ₹858-crore IPO, in which shares were sold in the price band of ₹559-587 between November 10 and November 14, was subscribed over 34 times.

Industry officials fear that many funds could now be driven to undertake distress sale of assets to fall in line with Sebi’s observation that “keeping a fund alive until a profitable exit is achieved would set a wrong precedent and would have an adverse impact on the objective and development of the securities market.”

The transactions were carried out by the designated person/employee of TCL between April 2018 to March 2019.

The report was submitted as part of the filing by the company to the stock exchanges on Tuesday.

For the fourth quarter of Financial Year 2022 ended September 30, Siemens Ltd registered revenue from continuing operations of Rs 4,237 crore, an 11 per cent increase over the same quarter in the preceding year, it stated

Initiates discussions with institutional and retail investors after appointing 2 banks, more to follow, capital to fund growth, increase public float

These shares were acquired by ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, BNP Paribas Arbitrage, Morgan Stanley Asia Singapore Pte and Ontario Teachers Pension Plan Board, among others