BLOCK Financial News

Sylvan Plyboard (India) IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 24 to June 26, attention now turns to the allotment procedure for Sylvan Plyboard.The allotment for the Sylvan Plyboard IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

IIFL Securities today fell 7% to a low of Rs 219.45 on account of the company’s association with Sanjiv Bhasin, who is facing Securities and Exchange Board of India (SEBI) inquiry for alleged stock manipulation. Sanjiv Bhasin is a known face on various business news channels and digital media platforms, where he discusses trading ideas pertaining to stocks and was associated with IIFL Securities as a Consultant on a contractual basis.

shares of Inox Green, Titagarh Rail, India Cements, Dr Reddy's, Bharti Airtel among others will be in focus due to various news related developments. Inox Green Energy Ace investor Ashisk Kacholia has invested Rs 40 crore in Inox Green Energy Services as part of the latter's Rs 1,050 crore fund raise plan.

Following a failed DDoS attack on the Cardano blockchain on June 25, developers are set to release a node upgrade to enhance security and prevent similar future attacks.

This article delves into the top 10 formal shoes for men that not only exude sophistication and elegance but also come under an affordable budget of 5000. We've carefully curated this list to help you make a smart and stylish choice without breaking the bank.

Shein has been reportedly looking to IPO in London, after a failed attempt to list in New York earlier this year. Raspberry Pi confirms London listing In the letter, sent on behalf of UK charity Stop Uyghur Genocide, Leigh Day argued that concerns over the company's labour practices in its supply chains, among others, ultimately led to the refusal from the US Securities and Exchange Commission to allow Shein to IPO in New York. «The UK is a signatory to various International Labour Organisation conventions,» the letter stated. «Our client is concerned that listing a company on the ...

FIH Mauritius Investments is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about Rs 595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of Rs 352.4 per share. The floor price represents a 1% discount to Wednesday’s closing price of Rs 355.95. FIH held a 49.72% stake in the bank as of March 31, 2024, which will be reduced to 40% post the stake sale. Shares of CSB Bank have declined 15% so far this year compared to the Sensex's gain of 9%.

₹25586 crore worth of equities in May and have remain net sellers worth ₹8536 Crore in equities during the calendar year till date, however have net bought ₹14828 Crore worth of equities in June till 25th, as per NSDL data. All eyes are on sustenance of the trend.The Lok Sabha Elections are behind us and the uncertainties associated with the new government are behind us and hence there is some amount of buying being observed by FPI's, with economic data also remaining supportive, said experts.

The company has proposed August 21 as the record date for the dividend payment. However, this is subject to the shareholders’ approval.

FMCG major Hindustan Foods (HFL) surged 15% today on BSE to Rs 582.50 after a likely equity stake sale of 11.1% via a block deal on Wednesday. The deal size is said to be approximately worth Rs 720 crore. Westbridge, Sixth Sense are among a few PE investors that are likely to be the sellers in the transaction. However, the official details of the buyers and sellers are not currently known.

Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the rule to gather content for their systems. The move comes at a time when artificial intelligence firms have been accused of plagiarizing content from publishers to create AI-generated summaries without giving credit or asking for permission.

YES Bank, Sanghi Industries, ZEE, Mahindra Finance among others will be in focus due to various news developments. Restaurants Brand Asia Goldman Sachs Funds sold nearly 48 lakh shares worth Rs 50 crore in Restaurants Brand Asia (RBA) on Tuesday through a block deal.

Anil Agarwal's Vedanta Resources is likely to sell a minority stake in Vedanta Ltd this week through block deals, people aware of the development said. The promoter group is likely to sell a stake of about 2.5%, or 90 million shares, to raise ₹4,000 crore through the transactions, said one of the persons. The sale is likely to happen at a discount of around 8-10%, one of the persons said. It will help Vedanta Resources repay debt due for payment in the next few months, one of them said.

Snapchat is introducing a suite of new safety tools designed to shield teenagers from the dangers of sextortion, enhancing the platform's commitment to user protection, as per a report on CNN. On Tuesday, Snapchat unveiled a series of new safety features, including enhanced warning pop-ups. These alerts will activate when a teenager receives a message from someone who is not a mutual friend or listed in their contacts, aiming to bolster user security.

TEL AVIV—Israel’s military must begin drafting ultra-Orthodox Jewish students, the country’s Supreme Court ruled Tuesday, in a decision likely to put pressure on Prime Minister Benjamin Netanyahu’s right-wing coalition as Israel fights its war in Gaza. A unanimous panel of judges ruled that there is no legal basis for exempting ultra-Orthodox religious scholars after a series of laws and government decisions carving out service exemptions were either struck down by the court or expired.

Happiest Minds Technologies fell 9.5% to the day’s low of Rs 830.20 on BSE after the company’s promoter Ashok Soota reportedly sold off 6% stake and approximately 91.3 lakh shares in the company through a block deal. The official buyers and sellers of the transaction are not yet known.

NBDA) has urged the Chandrababu Naidu-led Andhra Pradesh government to ensure that all broadcasters are allowed to operate without interference in the wake of the blackout of four news channels, Sakshi TV, TV9, NTV, and 10TV, by the cable TV operators. The Cable TV Operators Association of Andhra Pradesh affiliated members have blocked the carriage of signals from Sakshi TV, a member of the NBDA, and three other news broadcasters, namely, TV9, NTV, and 10TV for allegedly criticising Naidu's Telugu Desam party (TDP). «NBDA seeks the intervention of the Government of Andhra Pradesh to urge the cable operators to review their stand and avoid a situation of confrontation that is neither in the interest of the stakeholders nor in the public interest.»

Lithium block, Katghora, and Rare Earth Element (REE) Block of Chhattisgarh with an FPO of 76.05% to Maiki South Mining Private Limited. India relies heavily on imports to meet its requirement for critical minerals like Lithium, Niobium and Rare Earth Elements (REE). These minerals find application in new-age technologies like electric vehicles, pharmaceuticals, and defence manufacturing.

₹34,000 crore in April and May, overseas investors bought Indian equities worth more than ₹12,000 crore this month so far.However, for the first fortnight of June, FPIs remained net sellers in domestic markets, as their total outflows stood at ₹3,064 crore. In precise, between June 1 and 15, FPIs were sellers to the tune of ₹12,519 crore across 11 sectors, while they infused funds worth ₹9,455 crore in 12 sectors, data from National Securities Depository Ltd (NSDL) showed.Sunil Damania, Chief Investment Officer, MojoPMS believes FPIs have altered their position in the equity market following the election results.

Edited excerpts from an interview: How does the equity capital market and M&A landscape look like to you? India is rapidly emerging as a top contender in global equity capital markets. The Indian equity markets have delivered consistently about 8-10% USD CAGR returns over the last 20 years. This momentum has strong tailwinds thanks to the strong macroeconomic environment, earnings growth trajectory, and equity market inflows especially from domestic mutual funds (MFs).

news channels have gone off air at several places in Andhra Pradesh following the declaration of the results of the Assembly and Parliamentary elections with an opposition YSRCP Parliamentarian alleging coercion by the state government leading to them being blocked. Allegations of channels- TV9, NTV, 10TV and Sakshi TV- being blocked have been levelled against the NDA government, comprising TDP, BJP and Janasena. YSRCP Rajya Sabha member S Niranjan Reddy complained to the Telecom Regulatory Authority of India (TRAI) over the alleged blocking of these four vernacular news channels by the government. In a recent letter to TRAI, Reddy claimed the Andhra Pradesh Cable TV Operators Association took these four channels off air due to alleged coercion by the TDP-led government in the state.