Business

10

Feb

By The Press Editor

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Business

Hexaware Technologies IPO to open soon: What GMP signals

Image Source : FILE/INDIA TV The IPO has a lot size of 21 equity shares. Hexaware Technologies IPO GMP: Carlyle-promoted Hexaware Technologies IPO will soon open for subscription. Here are all the details related to the Rs 8,750-crore initial public offering and also the grey market price (GMP) trend. Hexaware Technologies IPO: Price band The IT services firm has fixed a price band of Rs 674 to Rs 708 per share. At the upper-end of the price band, the company has been valued at over Rs 43,000 crore. Hexaware Technologies IPO: Lot size The IPO has a lot size of…

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10

Feb

By The Press Editor

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Business

Ajax Engineering IPO: Issue subscribed 28 per cent on first day of offer

Image Source : FILE The company has set a price band of Rs 599 to Rs 629 per share. Ajax Engineering IPO: The initial public offer (IPO)of concrete equipment manufacturer Ajax Engineering Ltd received 28 per cent subscription on the first day of bidding on Monday. The initial share sale got bids for 39,45,489 shares against 1,41,49,997 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) fetched 29 per cent subscription while the category for non-institutional investors got subscribed 28 per cent.  Ajax Engineering IPO: Issue period According to the available information, the Bengaluru-headquartered company's…

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10

Feb

By The Press Editor

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Business

ONGC signs pact with BP for oil exploration, trading – India TV

Image Source : PTI ONGC signed the MoU on the eve of India Energy Week. Shares of state-owned Oil and Natural Gas Corporation (ONGC) will be in focus when markets open on Tuesday as the company has signed a pact with global oil major BP to explore collaboration in exploration and production, trading and other energy vectors, in India and internationally. The Memorandum of Understanding (MoU) comes within a month of ONGC selecting BP as a technical service provider for raising output from its flagship Mumbai High oil and gas field. "ONGC and BP have agreed to explore opportunities for…

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10

Feb

By The Press Editor

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Business

Why are online train tickets more expensive than counter tickets? Railway Minister responds – India TV

Image Source : FILE Indian Railways operates thousands of passenger trains daily. Indian Railways is one of the largest railway networks in the world. It continues to be the backbone of India's transportation system, catering to millions of passengers daily. With over 23 million passengers travelling daily, Indian Railways is nothing short of a lifeline for the nation. During festivals and the wedding season, the number of rail passengers surges even more. There was a time when passengers had to stand in long queues at ticket counters to get a reserved seat. But with India's rapid digital transformation, online ticket booking…

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10

Feb

By The Press Editor

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Business

Planning to invest in NFO? Here are some of the disadvantages you should be aware of – India TV

Image Source : PIXABAY NFO is a first-time subscription offer for a new mutual fund scheme. Nowadays, people have a lot of investment options. One of them is NFO or New Fund Offer. We usually see a lot of buzz when a fund house launches a new NFO. But is it a wise decision to put your money in the NFO? If you are planning to invest in an NFO, here are certain points that you should be aware of. What is NFO? Before we talk about these points, let us first explain what exactly an NFO is. As the…

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10

Feb

By The Press Editor

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Business

Indian markets decline amid worries over Trump’s tariffs decision on steel and aluminium, metal stocks dip – India TV

Image Source : PIXABAY All metal stocks are trading in red. Benchmark indices Sensex and Nifty declined in early trade on Monday amid fresh tariffs concerns and unabated foreign fund outflows. This is the fourth consecutive decline in the market. While the 30-share BSE benchmark Sensex dropped 343.83 points to 77,516.36 in early trade, the NSE Nifty declined 105.55 points to 23,454.40. While all major indices are in red, Nifty Metal is among the biggest sectoral losers and nosedived over 2 per cent. Last seen, it was down by 2.67 per cent. “Any steel coming into the United States is…

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10

Feb

By The Press Editor

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Business

Sensex down over 300 points, Nifty loses 37 points amid Trump’s renewed warnings on tariffs – India TV

Image Source : INDIA TV Representational picture Benchmark indices Sensex and Nifty began the week on a flat note on Monday, showing mixed global cues. The BSE Sensex slipped by 19.36 points, or 0.02 per cent, at 77,840 at the opening bell, while the Nifty sustained at 23,522.45, lower by 37.50 points, or 0.16 per cent. Markets end lower post RBI rate cut on Friday Earlier, the Equity benchmark indices Sensex and Nifty ended lower on Friday as the RBI's rate cut did not spring any major surprise for the markets and investors turned to profit-taking amid foreign fund outflows.…

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09

Feb

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Business

How govt plans with Amazon, others to explore furniture market – India TV

Image Source : MAGICBRICKS Representational picture Ministry of Development of North Eastern Region (MDoNER) Secretary Chanchal Kumar said his ministry would explore the market opportunities for bamboo in domestic and overseas markets. He asserted the MDoNER was working with Amazon and two other companies to push the bamboo trade. Besides promoting bamboo locally, the Ministry would also look for shipping them to neighbouring countries like Bangladesh and Myanmar. 38 per cent of bamboo produced in North Eastern States: Scindia Union Minister for Communications and Development of North Eastern Region Jyotiraditya M Scindia, while addressing a roadshow in Chennai,  said nearly…

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09

Feb

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Business

RBI likely to cut repo rate by 25 bps in Governor Sanjay Malhotra’s first policy move: Report – India TV

Image Source : PTI/FILE PHOTO RBI Governor Sanjay Malhotra at the RBI headquarters in Mumbai. The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to announce its first monetary policy decision under the new Governor Sanjay Malhotra on Friday. Experts believe that there would be a cut of 25 basis points (bps) in the repo rate to boost economic growth without inflationary pressures. Easing inflation may pave way for rate cut According to a report by Bank of Baroda, inflationary pressures have softened, mainly due to a decline in prices of key vegetables like tomatoes, onions, and…

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09

Feb

By The Press Editor

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Business

Reserve Bank cuts key lending rate by 25 basis points for first time since 2020 – India TV

Image Source : PTI RBI Governor Sanjay Malhotra. During his inaugural Monetary Policy Committee meeting today, the Reserve Bank of India’s new Governor, Sanjay Malhotra, has announced a 25 basis points reduction in the repo rate. This is the first rate cut in nearly five years.  "The Monetary Policy Committee unanimously decided to reduce the policy rate by 25 basis points from 6.5 per cent to 6.25 per cent," he said. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.   Also, the Standing Deposit Facility…

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