Latest Stock Market News

Rate this item

(1 Vote)

Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff.

EPFO may raise investment limit in equities to 25%

Updated at : 2022-06-14 08:50:03

Rate this item

(1 Vote)

The EPFO invests in equities through Exchange Traded Funds (ETFs) tracking the Sensex and Nifty operated by SBI Mutual Fund and UTI Mutual. EPFO does not invest in actively managed equity mutual fund schemes or directly in stocks.

Bond yield surges to 3.5 year high

Updated at : 2022-06-14 07:20:02

Rate this item

(1 Vote)

The benchmark gauge may correct a bit as the local inflation gauge did not spring any ugly surprises in May," he said.The US Treasury benchmark surged 31 basis points this month to yield 3.26%. Back home, the Consumer Price Index rose 7% in May.

"While we have historically been able to finance our capital expenditure through equity contributions from the promoter selling shareholder, Wonderful Stars, this may not be the case once we are a publicly-listed company. We will have to finance our future growth from internal accruals and through external debt financing and equity fund raising," the company said in its DRHP.

Rate this item

(1 Vote)

The Supreme Court has extended the deadline set by it for DVC to pay the dues by another eight weeks from May 31 considering the corporation’s weak financials but took an undertaking from its chairman on the certainty of the payment.

Rate this item

(1 Vote)

Anchor investors, who collectively bought nearly 59.3 million shares a day before the IPO opened for subscription at Rs 949 apiece, can sell their shares in the open market from Monday. Anchor lock-in for a newly listed stock ends after a month of allocation of equities.

Bharat FIH gets Sebi nod to float IPO

Updated at : 2022-06-14 00:35:03

Rate this item

(1 Vote)

Separately, market regulator SEBI has also sought clarifications from Lava Mobiles for its Rs 1500 crore IPO. The Noida-based smartphone brand and contract manufacturer had filed the draft prospectus in September 2021 that stated a fresh issue of equity shares worth Rs 500 crore, and an offer for sale component of 43,727,603 equity shares.

How RBI stepped in when rupee hit lifetime low

Updated at : 2022-06-14 00:35:03

Rate this item

(1 Vote)

Aggressive central bank intervention, currency dealers said, helped the rupee close at 78.04 to a dollar, down a quarter of a percentage point, Bloomberg data showed. This is a record closing low for the rupee, which breached the 78 mark at close for the first time.

Rate this item

(1 Vote)

While the consensus expectation for the US central bank’s interest rate increase at this week’s meeting is a half-percentage point, higher than expected consumer price index data last Friday prompted two banks, Barclays and Jefferies, to revise their calls for the potential of 75 basis points.

Rate this item

(1 Vote)

The U.S. Dollar Currency Index, which tracks the greenback against six other major currencies, was up 0.4% at 104.83, within sight of the 2-decade high of 105.01 touched in mid May.Traders have a lot on their plate this week, including policy meetings by the Fed, the Bank of England and the Swiss National Bank.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.