Experts Financial News

Tata Technologies on Tuesday raised about Rs 791 crore in the anchor round ahead of the issue opening on Wednesday. The IPO, which closes on November 24, is the first from Tata Group since the debut of TCS. The Board in consultation with book-running lead managers JM Financial, Citigroup Global Markets and BofA Securities finalised the allocation of 1.58 crore shares to anchor investors at Rs 500 apiece. Some of the marquee funds which participated in the anchor round include Fidelity, HSBC, Goldman Sachs, JM Financial MF, Kotak MF, Axis MF, Motilal Oswal, Edelweiss MF, Mirae Asset among others. The IPO was priced in the range of Rs 475-500, where investors can bid for a minimum of 30 shares in one lot. At the upper price band, the issue size is about Rs 3,042 crore. The public offer is entirely an offer for sale (OFS) of 6.08 crore shares, under which, Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund will participate. The weighted average of the cost of acquisition for Tata Motors is Rs 7.40 per share and Rs 25.10 for investors Alpha TC Holdings and Tata Capital Growth Fund I. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

PTI as saying on Tuesday evening. He said those appearing for NET will get sufficient time before its implementation. "The UGC will revise National Eligibility Test (NET) syllabus, candidates will get sufficient time before implementation," Jagadesh Kumar said, adding that the UGC will form an expert panel for the exercise.

Gandhar Oil Refinery Gandhar Oil Refinery shares are commanding a premium of Rs 61 in the unlisted market, according to market analysts. The price band of this public issue is fixed at Rs 160-169. If the trends are sustained, the stock is expected to list at a healthy premium of 36%. The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore.

This is why it is important to get a clear understanding of which roles are high in demand, the kind of skill you require to excel, campus hiring trends and more before you envision a successful career in information and technology.

Who will be eligible for a productivity-linked bonus in the Indian Army? The bonus will be paid to all eligible group B (non-gazetted) and group C civilian employees of the Indian Army who are covered under the productivity linked bonus scheme (PLB) scheme for the accounting year 2022-23. How much productivity-linked bonus will civilian employees of the Indian Army get? «The calculation ceiling of Rs 7,000/- (7000×40/30.4) and other terms and conditions of the PLB Scheme will remain unchanged,» said the order.

Garden Reach Shipbuilders and Engineers share price on Tuesday ended with gains of 2.9%. The stock remains medium term technical pick of Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.

United Spirits share price, Radico Khaitan share price and United Breweries share price have gained 12-28% in the last six months. The tide is turning favorably as analysts now maintain a positive view on margins. The volume growth though has remained a mixed bag in first half, however analysts are positive on demand in the near term to be driven by wedding season, festive season and events during the ongoing quarter.

Hindustan Media Ventures Ltd on Tuesday said it will acquire a 3.54 per cent stake for Rs 11.99 crore in DSM Fresh Foods, which operates direct-to-consumer online meat delivery brand Zappfresh. The company entered into an agreement on November 20, 2023, for making an investment of Rs 11.99 crore by subscribing to 807 equity shares of DSM Fresh Foods Pvt Ltd, constituting 3.54 per cent holding of the fully diluted share capital of the target entity, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing.

IPO) of Gandhar Oil Refinery will open for subscription on November 22. The issue closes on November 24.

Nifty on Tuesday ended 89 points stronger to form a small positive candle with upper shadow on the daily chart. The short-term trend of Nifty continues to be range-bound. The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19900 levels from here or from slightly lower levels.

Silver also edged up by Rs 100 to Rs 76,400 per kilogram. In the global markets, both gold and silver were trading higher at USD 1,992 per ounce and USD 23.66 per ounce, respectively.

Kothari Sugars & Chemicals(up 2.60%), MAGADHSUGAR(up 1.39%), AVADHSUGAR(up 0.94%), Triveni Engineering & Industries(up 0.89%), Balrampur Chini Mills(up 0.72%), Dhampur Sugar Mills(up 0.69%) and Ponni Sugars(Erode)(up 0.09%) stood among the top gainers. Ugar Sugar Works(down 2.51%), DCM Shriram Industries(down 2.44%), K.M.Sugar Mills(down 1.52%), BAJAJHIND(down 1.52%), Rana Sugars(down 1.44%), Simbhaoli Sugars(down 1.34%), Shree Renuka Sugars(down 0.70%), EID Parry(down 0.47%), Dwarikesh Sugar Industries(down 0.39%) and Uttam Sugar Mills(down 0.26%) were among the top losers of the day.

Shares of Aurobindo Pharma Ltd.(up 2.92 per cent), Alkem Laboratories Ltd.(up 2.22 per cent), Lupin Ltd.(up 1.92 per cent), Laurus Labs Ltd.(up 1.53 per cent) and Gland Pharma Ltd.(up 1.47 per cent) ended the day as top gainers in the pack. On the other hand, Glenmark Pharmaceuticals Ltd.(down 0.96 per cent), Biocon Ltd.(down 0.55 per cent), Natco Pharma Ltd.(down 0.17 per cent) and Abbott India Ltd.(down 0.1 per cent) finished as the top losers of the day.

Shares of HDFC Bank Ltd.(up 0.84 per cent), ICICI Bank Ltd.(up 0.5 per cent), Axis Bank Ltd.(up 0.31 per cent) and IDFC First Bank Ltd.(up 0.23 per cent) ended the day as top gainers in the pack. On the other hand, Au Small Finance Bank Ltd.(down 1.95 per cent), Bank of Baroda(down 0.96 per cent), Federal Bank Ltd.(down 0.47 per cent), Punjab National Bank(down 0.44 per cent) and State Bank of India(down 0.39 per cent) finished as the top losers of the day.

Unifi Capital on Tuesday said it has received capital markets regulator Sebi's in-principle approval to set up a mutual fund house. The company had applied with the Securities and Exchange Board of India (Sebi) in December 2020 for a mutual fund licence. «Our mutual fund will enable us to go deeper and wider, bringing our investment products to the full spectrum of investors for the very first time. What excites our team the most is not just having larger assets, but the opportunity to make a mark as an outstanding performer; that is what we would continue to stand for with investors,» Sarath Reddy, Founder of Unifi Capital, said in a statement. Earlier this week, Unifi received Sebi's in-principle nod to commence work on its mutual fund, the statement noted.

Adani Wilmar(up 2.93%), JHS Svendgaard Laboratories(up 2.89%), Sheetal Cool Products(up 2.11%), Zydus Wellness(up 1.75%), Vadilal Industries(up 1.42%), Prataap Snacks(up 1.29%), Gillette India(up 0.95%), Bajaj Consumer(up 0.79%), Emami(up 0.45%) and Godrej Consumer Products(up 0.31%) stood among the top gainers. P & G Hygiene(down 1.84%), Mrs Bectors Food Specialities(down 1.61%), Dodla Dairy(down 1.60%), Patanjali Foods(down 1.57%), Nakoda Group(down 1.24%), Dangee Dums(down 1.21%), Varun Beverages(down 0.91%), Heritage Foods(down 0.50%), Umang Dairies(down 0.49%) and Dabur India(down 0.43%) were among the top losers of the day.

Central West Delhi, traditionally overshadowed by the luxury of South Delhi and Gurugram, is experiencing a significant transformation. This area is increasingly becoming a popular choice for luxury homebuyers, indicating a shift in Delhi’s real estate landscape.

On the BSE, Unishire Urban Infr(down 12.20 per cent), Sambhaav Media(down 10.02 per cent), Sharp Investments(down 8.70 per cent), Starteck Finance(down 7.92 per cent) and Tinna Rubber(down 7.50 per cent) stood among the top losers in today's trade. In the Nifty pack, 29 stocks closed in the green, while 21 stocks ended in the red.

Agro Phos(up 4.12%), Paradeep Phosphates(up 2.48%), Chambal Fertilisers & Chemicals(up 1.95%), ZUARIAGRO(up 0.88%), Coromandel International(up 0.62%), Nagarjuna Fertilizers & Chem(up 0.58%), Sikko Industries(up 0.31%), Madras Fertlizers(up 0.26%), Southern Petrochemicals Industries(up 0.22%) and Deepak Fertilizers & Petrochemicals(up 0.14%) stood among the top gainers. Bohra Industries(down 4.96%), Krishana Phoschem(down 2.54%), Madhya Bharat Agro Products(down 1.50%), G S F C(down 1.04%), Fertilizers & Chemicals Tranvancore(down 0.99%), Aries Agro(down 0.58%), Mangalore Chemicals & Fertilizers(down 0.53%), Rama Phosphates(down 0.38%), National Fertilizer(down 0.22%) and Rashtriya Chemicals & Fertilizers(down 0.12%) were among the top losers of the day.

Domestic benchmark index NSE Nifty ended 89.4 points up at 19783.4, while the BSE Sensex closed 275.62 points up at 65930.77. On the other hand, Emami Realty, Dhunseri Invst, Sastasundar Ventures, DRC Systems India and RattanIndia Infra stocks hit their fresh 52-week highs today.

rupee fell to its record closing low on Tuesday as persistent local demand for the U.S. dollar weighed on the unit despite a rally in Asian currencies. The rupee ended at 83.3550 against the U.S.