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Welcome to VMIM

We all dream of owning a successful company, calling the shots and pocketing a nice paycheck every other week. Oh, there are plenty of dreams out there but how many of us actually take that first step toward financial independence and a quality of life that depends, not on the folks upstairs in the big offices, but on your own hard efforts. When you own the business, financial independence depends on you.

Thats why most people back away from business ownership. Fear of failure. Fear of looking foolish. Fear of what your family and friends will think if your new business doesnt soar like the American bald eagle - the American dream.

Ive had the satisfaction of starting start several businesses in my career, some more successful than others. However, even my "less than stellar" attempts at entrepreneurialship have taught me valuable lessons - lessons you can take with you to the kitc...Read More

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IPO Market Tracker: Here are the best & worst performers of FY23

Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and steel products. The company has a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems.
2023-04-01T12:48:22+05:30

Avalon Technologies raises Rs 389 crore from anchor investors

Recently, Avalon completed a total pre-IPO placement of Rs 160 crore consisting of 80 crore of primary or fresh issuance and 80 crore of secondary share sales. In the pre-IPO placement, the company garnered Rs 60 crore each from UNIFI Financial Private Limited and Ashoka India Equity Investment Trust Plc and Rs 40 crore from India Acorn Fund Limited.
2023-04-01T12:14:58+05:30

SME IPO: Sancode Technologies subscription status on Day 1, GMP and more details

The IPO comprises fresh issue of 10.95 lakh shares and plans to raise about Rs 5.15 crore from the public offer. About 57,000 equity shares of the company aggregating to Rs 26.79 lakh have been reserved for the market maker.
2023-03-31T16:43:19+05:30

Udayshivakumar Infra IPO: Will shares deliver a listing pop or disappoint D-St? What grey market signals

According to market sources, the shares of Udayshivakumar are commanding a premium of Rs 7-8 in the unlisted market on Friday. If we consider the upper end of the price band, the company's shares are expected to get listed at a premium of 20% over the offer price.
2023-03-31T15:59:59+05:30

Oyo pre-files confidentially for smaller IPO

Pre-filing, introduced by the Securities and Exchange Board of India in November last year, allows the details of the preliminary filing to be kept confidential, unlike in the normal filing where the DRHP becomes a public document. This option provides companies greater flexibility on the issue size during the initial stage, and they can change the amount of freshly issued shares in the proposal by up to 50% till an updated DRHP is filed.
2023-03-31T14:29:50+05:30

Digit Insurance re-files IPO papers after regulator concerns

The IPO comprises a fresh issue of shares worth 12.5 billion rupees ($152.1 million) and an offer for sale of 109.4 million shares, according to the draft prospectus - unchanged from its last filing - dated March 30.
2023-03-31T13:01:19+05:30

SME IPO: MOS Utility issue to open for subscription on March 31. Should you subscribe?

For the quarter ended September 2022, the company reported a revenue of Rs 53 crore, with PAT coming in at Rs 1.95 crore. The company has been profitable in FY22 and FY21 as well. A large portion of the company’s revenue is generated in utility services.
2023-03-29T20:43:53+05:30

Avalon Tech IPO offers exposure to the fast growing electronics manufacturing sector

​​ The total customer count has increased to 89 with an outstanding order book of Rs 1190 crore at the end of November 2022, compared with 72 a year ago when it had an order book of Rs 918 crore. The company has net debt of Rs 304 crore in the first eight months of FY23, compared with Rs 250 crore in the year-ago period. The 6S market contributes 57% to the revenue while the balance is from India.
2023-03-29T17:33:36+05:30

SPC Life Sciences files DRHP for proposed IPO

The company develops pharma intermediates and works with pharmaceutical companies who seek USFDA compliant manufacturing facilities as a part of their supply chain.
2023-03-29T17:31:02+05:30

Netweb Technologies files DRHP to raise funds via IPO

The company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed, the fresh issue size will be reduced.
2023-03-29T13:45:50+05:30

Avalon Tech's Rs 865-crore IPO to open on April 3

The IPO consists of a fresh issue of ₹320 crore and an offer for sale (OFS) of shares worth ₹545 crore by promoters and existing shareholders. The company will use the proceeds from the fresh issue for debt payment, working capital requirements, and general corporate purposes.
2023-03-29T06:05:37+05:30

Udayshivakumar Infra IPO share allotment likely today. Here's how you can check the status

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has risen in the past few days to around Rs 15 currently.
2023-03-28T16:40:21+05:30

Alibaba splits into six units that may pursue individual IPOs

“Each business group and company can pursue independent fundraising and IPOs when they are ready,” Zhang said in a statement.
2023-03-28T15:15:47+05:30

J G Chemicals receives Sebi approval for IPO

The company had filed preliminary IPO papers with Sebi on January 4, 2023. The IPO consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.7 million equity shares by its existing shareholders and promoters.
2023-03-28T14:18:24+05:30

Avalon Technologies IPO to open on April 3, price band fixed

According to market sources, the company's shares are being enquired for a premium of Rs 25-30 in the unlisted market. The company is yet to announce the price band for the IPO.
2023-03-28T12:08:29+05:30

Avalon Technologies IPO: 10 things to know about this public offer

Avalon is a fully integrated electronic manufacturing company that offers end-to-end service solutions. The company has 12 manufacturing units located across the US and India. Some of its key clients include Kyosan India, Zonar Systems Inc, Collins Aerospace, and eInfochips, among others
2023-03-27T16:56:27+05:30

SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwinds

In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.
2023-03-27T15:10:27+05:30

Mamaearth IPO on hold amid subdued market conditions: Report

Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode", a Reuters report said, citing turbulence in stock markets globally amid worries about the financial health of banks.
2023-03-27T12:06:07+05:30

Avalon Technologies' Rs 865 crore-IPO to open for subscription on April 3

The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.
2023-03-26T13:46:30+05:30

Sotac Pharmaceuticals among 3 IPOs scheduled for subscription this week

Steel bars and wires manufacturer Maiden Forgings opened for IPO on March 23 to raise Rs 23.84 crore. The IPO will close on March 27. The new issue consists of 37,84,000 equity shares worth Rs 10 apiece, with a ceiling on the issue price between Rs 60 and Rs 63
2023-03-26T11:08:07+05:30

Avalon Technologies' Rs 865-cr IPO to kick off on Apr 3

The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).
2023-03-25T14:54:07+05:30

Jaipur-based Motisons Jewellers files DRHP with Sebi for IPO

Through the IPO, the company plans to raise about Rs 130 crore, of which Rs 58 crore will be used to repay loans availed by the company from scheduled commercial banks, and Rs 71 crore for funding working capital requirements, besides general corporate purposes.
2023-03-25T12:40:42+05:30

Udayshivakumar Infra IPO subscribed 16 times so far on Day 4; check GMP and other details

"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.
2023-03-23T14:56:23+05:30

Non-banking lender SBFC cuts IPO size, refiles papers with Sebi

About 50% of the offer will be available for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Bidders, and not less than 35% will be reserved for retail investors. The offer also includes a reservation for subscription by eligible employees.
2023-03-22T18:41:59+05:30

Udayshivakumar Infra IPO subscribed 5.15 times on Day 3; GMP falls

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, has dropped down to Rs 6-7.
2023-03-22T14:58:33+05:30

Jupiter Hospital likely to file for ₹1,100 crore IPO soon

The proposed IPO will have both fresh issue of shares and offer for sale components.
2023-03-22T10:25:47+05:30

MobiKwik eyes fresh IPO in 12-18 months

“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,” Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.
2023-03-22T07:04:33+05:30

Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments

According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
2023-03-21T13:14:16+05:30

IndiaFirst Life Insurance gets SEBI approval to float IPO

IndiaFirst Life Insurance Company recorded its highest five-year growth in terms of New Business Individual Rated Premium (IRP) amongst life insurers with PSU bank percentage, with a CAGR of 27.3% between fiscal 2017 to fiscal 2022.
2023-03-21T11:16:57+05:30

SME IPO: After 384x subscription, Mcon Rasayan India shares list at strong 20% premium

Managing director Mahesh Bhanushali had earlier expressed his gratitude for the overwhelming response the IPO received. He said strong demand for the issue reflected the investors' trust and confidence in the company's growth prospects and the management.
2023-03-20T17:31:08+05:30

Udayshivakumar Infra IPO subscribed 58% on Day One

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.
2023-03-20T13:27:44+05:30

Global Surfaces IPO share allotment expected today. How to check status

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium.
2023-03-20T09:52:24+05:30

Udayshivakumar Infra IPO opens for subscription. Should you bid?

The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
2023-03-20T09:30:55+05:30

Sebi takes stricter approach in IPO clearance; returns draft paper of 6 cos

The six companies had filed their preliminary initial public offering (IPO) papers with Sebi between September 2021 and May 2022 and their papers were returned during January-March (till March 10).
2023-03-19T11:32:02+05:30

Govt approves listing of state-owned IREDA by selling part stake

DIPAM will drive the listing process for which the Centre had given initial approval in 2017.
2023-03-17T20:10:05+05:30

Udayshivakumar Infra IPO to open for subscription on March 20. Check GMP & other details

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).
2023-03-17T13:29:37+05:30

Maiden Forgings to launch IPO next week; aims to raise Rs 24 crore

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.
2023-03-17T11:16:11+05:30

Another FPO on cards for Patanjali Foods; process to start from April: Baba Ramdev

In an interview with PTI, Ramdev assured his investors and public shareholders that there would be no impact of Patanjali Foods Ltd's (PFL) operation and financial performance and its growth trajectory will remain intact.
2023-03-16T14:41:12+05:30

Investor sentiment fizzles out in IPO mart. What's in store for rest of the year?

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.
2023-03-16T10:30:19+05:30

White label ATM provider India1 Payments defers IPO plans

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.
2023-03-15T22:20:00+05:30

Global Surfaces IPO subscribed 12.21 times on Day 3

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
2023-03-15T13:40:22+05:30

Divgi TorqTransfer lists at 5.1% premium

The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
2023-03-15T06:01:00+05:30

Global Surfaces IPO fully subscribed on Day 2

Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO
2023-03-14T13:45:34+05:30

SME IPO: Nirman Agri Genetics public issue to open on March 15. Check GMP and other details

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.
2023-03-13T21:39:12+05:30

Divgi TorqTransfer shares expected to make a debut on exchanges tomorrow. What GMP signals ahead of listing?

The company's grey market premium is at 18, according to market analysts.The issue was subscribed 5.44 times, driven by strong interest from retail investors
2023-03-13T14:37:04+05:30

Global Surfaces IPO: Check subscription status, GMP and other details

The company has fixed a price band of Rs 133-140. The company plans to raise about Rs 154.98 crore at the upper end of the price band
2023-03-13T14:24:03+05:30

Global Surfaces IPO opens. Should you subscribe to the issue?

Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
2023-03-13T09:26:28+05:30

Global Surfaces among 5 IPOs that will open for subscription this week

The price band for its initial public offering has been fixed at Rs 133-140 per share. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter
2023-03-12T13:38:21+05:30

Global Surfaces IPO: 10 things you must know before investing

Global Surfaces will be open for subscription on Monday to raise funds through an initial public offering. The company will raise Rs 155 crore at the upper price band of the issue. The shares of the company will be listed on both NSE and BSE. The company will be offering 1,10,70,000 equity through the initial public offering through the book-building process.
2023-03-12T10:47:56+05:30

Tata Technologies IPO: 10 things to know about the public offer

The size of the IPO wasn’t disclosed. However, according to Krishna Raghavan, Founder, UnlistedKart, a SEBI-registered research analyst firm, Tata Technologies' recent buyback valued the company at Rs 16,080 crore, indicating that the offered size could be at least Rs 3,800 – Rs 4,000 crore.
2023-03-11T13:32:49+05:30
What are multibagger stocks?

2023-04-01T20:12:06+05:30

3 stocks Rajesh Palviya recommends buying next week

Rajesh Palviya, Axis Securities told that he likes ICICI Bank at this current juncture. Looking at the daily setup, the stock managed to break out of its multiple resistance area and the weekly close is quite encouraging, according to him.
2023-04-01T17:12:48+05:30

Dalal Street Week Ahead: Tread cautiously! Nifty faces stiff hurdle at 17,500; keep an eye on VIX

Another thing that again raises caution is a very sharp decline in volatility. India VIX came off by 15.12% to 12.94. This warrants a high degree of caution while we follow any further moves in the markets.
2023-04-01T16:57:18+05:30

Sebi bans 3 individuals from securities mkt for 2 yrs; fines Rs 90 lakh in ZEEL insider trading case

Accordingly, Sebi has restrained these individuals "from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years."
2023-04-01T16:41:34+05:30

Avalon Tech's Rs 865 crore IPO to open on April 3: 8 key things to know

The size of the IPO has been reduced to Rs 865 crore from Rs 1,025 crore earlier as the company completed a pre-IPO placement of Rs 160 crore.
2023-04-01T16:04:51+05:30

NSE cuts Nifty Bank lot size. How it impacts retail traders

"Earlier when the lot size of Nifty Bank was reduced to 25 from 40, we had seen a sharp increase in retail participation. This time too, I am sure that the move will encourage more retail participation," Bengaluru-based derivative trader Rajesh Sriwastava told ETMarkets.
2023-04-01T15:28:27+05:30

How retail investors can ace the index

According to the study, about 65% of investors are unaware of their exact stock market returns. It might be attributable to the enormous number of transactions they made, not taking into consideration the length of time, capital gains and dividends earned, leverage used, and so on.
2023-04-01T14:58:53+05:30

Lockdown traders need to look for alternate strategies

In case the market goes against it, the decay in premiums helped cover the MTMs. So much so that trading on expiry became a thing and some of the algo management firms got to managing 100cr+ trading portfolios within a short period of time.
2023-04-01T14:41:39+05:30

Emergence of ESG compliances & its impact on MF landscape in India

Interest from investors and in turn the mutual fund industry is bound to precipitously expand given the global scenario of climate awareness as well as the benefits (including economic) of responsible business practices.
2023-04-01T14:30:33+05:30

Wait & watch! Falling corporate margins to turn bigger issue for markets in coming months: Ajay Bagga

"With the interest rates going up over the last one year, we have seen valuations going down first. Now, the second leg is starting wherein the earnings will start getting hit. So, margin compression has to still happen globally. It will happen in India as well."
2023-04-01T14:26:38+05:30

John Murphy's 10 trading laws to identify buying & selling opportunities

Famous technical analyst John Murphy believes that technical analysis is the study of market performance, using price charts, to predict future price direction.
2023-04-01T13:33:47+05:30

Has bitcoin benefited from the banking crisis? Not in the way its fans hoped

Bitcoin was created after the 2008 financial crisis, which sowed widespread distrust in the banking system. Early proponents trumpeted the new technology as a safer long-term alternative to banks and traditional currencies.
2023-04-01T13:26:52+05:30

Rs 75,000 crore selloff! FIIs dump both bank and IT stocks in FY23

While the Street is hopeful that FIIs will turn net buyers in FY23 once fears around recession and global banking turmoil eases along with the peaking of Fed's rate hike cycle, analysts are bullish on banks but cautious on IT stocks.
2023-04-01T13:19:57+05:30

LIC raises stake in Bata India to 5.008% from 4.472%

Promoter & promoter group holding in the company stood at 50.16% at the end of the December quarter, according to the BSE website. The latest shareholding at the end of the March quarter is yet to be updated on the website.
2023-04-01T13:00:53+05:30

IPO Market Tracker: Here are the best & worst performers of FY23

Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and steel products. The company has a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems.
2023-04-01T12:48:22+05:30

Learn with ETMarkets: What is Strike Price in options trading? All you need to know

But stock prices keep fluctuating every single second in the live market hours. Premium of Call and Put will also fluctuate every second, and this creates trading opportunities. As a trader you can buy only CE/PE or both (if needed) and can sell it when the price of these premiums goes up.
2023-04-01T12:34:45+05:30

Aakash expects to clock 3 times growth under BYJU's fold with Rs 3,000 crore biz in FY23

"There is still a lot of untapped demand for test prep in India. Keeping that in mind, we are expanding our presence across India's tier 2, 3, and 4 cities to ensure we are accessible to students across the country," Maheshwari said.
2023-04-01T12:17:54+05:30

Avalon Technologies raises Rs 389 crore from anchor investors

Recently, Avalon completed a total pre-IPO placement of Rs 160 crore consisting of 80 crore of primary or fresh issuance and 80 crore of secondary share sales. In the pre-IPO placement, the company garnered Rs 60 crore each from UNIFI Financial Private Limited and Ashoka India Equity Investment Trust Plc and Rs 40 crore from India Acorn Fund Limited.
2023-04-01T12:14:58+05:30

Rise in risk appetite takes some steam off gold; where are prices headed next?

On the contrary, Federal Reserve Bank of Minneapolis President Neel Kashkari said recent bank turmoil has increased the risk of a US recession but that it was too soon to judge what it means for the economy and monetary policy.
2023-04-01T11:35:14+05:30

Strong weekly close will give call writers a run for their money; Nifty likely to head towards 17,500: Rupak De

" In the next week, which will be a 3-session week, the market may remain volatile. Besides, we have RBI policy meeting as well as US ADP non-farm employment changes that may impact the overall market action."
2023-04-01T11:22:52+05:30

Sebi probing some Adani offshore deals for possible rule violations: Report

Vinod Adani, Gautam Adani's brother, is either a beneficial owner, director or has links with those three offshore entities, said the two sources, adding the regulator, the Securities and Exchange Board of India (SEBI), is probing if lack of that disclosure violated 'related party transaction' rules.
2023-04-01T10:55:45+05:30

Vedanta among 7 stocks that delivered over 15% dividend yield in last 1 year

The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price.
2023-04-01T10:28:38+05:30

Downgrade in future earnings growth could pose biggest risk to markets in FY24

While in March, the Fed expects a marginal further slowdown in the US economy to 0.4% GDP growth, compared to the 0.5% forecasted in Dec. These forecasts are at low levels compared to the long-term range of 3.5% for the world and 2% for the US.
2023-04-01T10:11:27+05:30

Despite hullabaloo, Dalal Street sees green for 3rd consecutive FY; will this repeat in FY24?

DIIs were the saving grace as they net bought a record Rs 2.53 lakh crore worth of shares in FY23. Meanwhile, foreign institutional investors were net sellers of Indian equities for the second consecutive financial year. They net sold shares worth Rs 40,413 crore in FY23.
2023-04-01T09:51:52+05:30

Stealth rally puts Bitcoin atop the quarterly scoreboard

Gaining 70%, Bitcoin is closing out its best quarter since the three months ended March 2021, when it surged some 103%. According to long-time participants, volatility is expected - and is even part of the attraction to investors in the relatively embryonic asset class.
2023-04-01T09:41:25+05:30

Bank Nifty lot size to be 15 from July expiry

The market lot size for Nifty Bank futures and options has been reduced to 15 from 25, effective from the beginning of July 2023 contracts. In a circular on Friday, the National Stock Exchange said only the far-month contract, i.e., July 2023 expiry contracts, would be revised for market lots
2023-04-01T09:41:10+05:30

Mind Over Money: How football inspired this CEO to make a wealth-creation product

"Building a business is a long-term game, no real business has been built in less than a decade. Therefore, building deeper conviction and long-lasting passion around the problem you want to solve is one of the most important ‘must haves’ for an entrepreneur."
2023-04-01T09:40:01+05:30

Strong domestic flows help India outperform most EMs in FY23

India was the second-best performer among the emerging markets in FY23 after South Africa. Equity benchmarks of some countries, such as Russia, Indonesia, Singapore, Thailand, Hong Kong, South Korea, and Taiwan, fell between 3% and 10% in FY23. The resilience in Indian equities was thanks to the flows from domestic investors.
2023-04-01T09:23:54+05:30

Dalal Street gains almost 2% on eased sentiment in US

Reliance Industries jumped 4.3%, leading the gainers after it said it has started the process to demerge its financial services business. On the other hand, IT stocks were also among the top gainers, with the Nifty IT index surging 2.45%. According to fund managers and analysts, Friday's rise was a 'catch-up' rally, and are unwilling to conclude that it's here to stay.
2023-04-01T09:20:53+05:30

Wall St Week Ahead-Resilient U.S. stocks failing to factor in recession, investors fear

The benchmark S&P 500 posted a 7% gain for the first quarter, which ended on Friday, rebounding after a nearly 20% drop in 2022. The Nasdaq Composite's 16.8% first-quarter jump was its biggest quarterly rise since 2020.
2023-04-01T09:20:30+05:30

Promoter offloads 1.7% stake in PSP Projects via bulk deal

​Meanwhile, foreign investor Societe Generale has bought 1.7% of the company, according to bulk deal data available with NSE.
2023-03-31T21:55:57+05:30

TCS to kickstart Q4 earnings season on April 12, consider final dividend for FY23

​​"A meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday,​ April 12, 2023, to approve and take on record the audited standalone and consolidated financial results of the Company under
2023-03-31T21:37:23+05:30

Indowind Energy board approves allotment of 1.75 cr shares

"In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said.
2023-03-31T21:10:50+05:30

​Reliance Industries among 6 Nifty stocks witnessing long build-up​

>> For more such web stories click on the ET icon below
2023-03-31T21:00:46+05:30

Govt of Singapore sells nearly 3% stake in The Phoenix Mills via block deal

PVR is majority owned by the public with 52.69% stake, while promoters own 47.31%. Phoenix Mills is among the companies with highest foreign shareholding at 29.27%. Mutual funds, meanwhile, have about 17.55% stake in the company.
2023-03-31T20:53:10+05:30

Multibagger smallcap stock, that has doubled investor wealth in 1 year, to consider share split

A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.
2023-03-31T20:18:29+05:30

​Bajaj Finance among 5 Nifty50 stocks witnessing a short build-up​

>> For more such web stories click on the ET icon below
2023-03-31T20:15:36+05:30

Sebi imposes Rs 5 lakh fine on Videocon's Venugopal Dhoot for disclosure lapses

The scope of the examination was specifically to ascertain whether Dhoot violated the provisions of LODR (Listing Obligations and Disclosure Requirements) rules and provisions of listing agreement in respect of the submissions that were required to be made by Videocon Industries to the stock exchanges.
2023-03-31T20:01:12+05:30

Sebi imposes Rs 1.55-crore fine on 23 entities for flouting regulatory norms

Further, MCX submitted its observations to Sebi in June 2018 and conducted a detailed examination to find out whether certain connected entities intended to corner the market on long side in mentha oil contracts thereby violating the position limits as prescribed by the regulator.
2023-03-31T19:57:36+05:30

Fed seen on the fence for interest rate hike at May meeting

That's the read from traders of futures contracts tied to the Fed's policy rate after the U.S. government reported a slight easing in a key gauge of inflation that suggests the U.S. central bank's year-long effort to ease price pressures is making some headway.
2023-03-31T19:06:05+05:30

Wall Street climbs as inflation data boosts softer Fed policy hopes

The Nasdaq is set for its biggest quarterly percentage gain since the end of 2020 as investors shifted toward major technology and growth stocks from financial stocks amid fears of a bank contagion, while the cyclicals-heavy Dow Jones is in the red.
2023-03-31T19:05:48+05:30

SBI chairman Dinesh Kumar Khara on Inflation, Rate Hikes, SBI MF and more | Full interview

2023-03-31T19:03:46+05:30

Fed's Collins says "early days" still in assessing policy impact on economy

It is "early days yet in terms of assessing whether we really have gone as far as we need to go," Collins said in an interview on Bloomberg Television following the release of data showing consumer spending was basically flat in February after a large jump in January.
2023-03-31T18:59:50+05:30

Sebi cancels registration of 3 brokers in NSEL case

By providing such a facility, they exposed their clients to the risk involved in trading in a product that did not have regulatory approval. The acts by the brokers raised doubts about their competence to act as registered securities market intermediaries, the orders noted.
2023-03-31T18:56:34+05:30

Rs 6 lakh cr investor wealth lost in FY23! M-cap of BSE-listed companies drops to 258.18 lakh cr

The year was marked with high inflation, coupled with big events, including the Russia-Ukraine war, Adani Group saga and banking crisis in the US towards the fag-end of the year, which impacted the market the most.
2023-03-31T18:37:42+05:30

5 Nifty PSU Bank stocks that surged 60-110% in FY23

2023-03-31T18:33:01+05:30

Market Watch: Sensex makes a picture perfect ending on last day of FY23

2023-03-31T18:19:53+05:30

​How to trade defence stocks? Here are 4 buy-sell ideas

2023-03-31T17:52:52+05:30

FY24 stock portfolio: 3 sectors with 80% win record in last 10 years

2023-03-31T17:26:34+05:30

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 279.05 points up at 17359.75
2023-03-31T17:23:02+05:30
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