Lowe's Financial News

IPO subscription, focus now shifts to GMP and allotment. Check GMP, subscription status and other key details of Vishnu Prakash IPO here: Vishnu Prakash R Punglia IPO has been subscribed 18.05 times so far on August 28, Monday, the third and the last last day of the bidding process. The public issue received bids for 39.58 crore equity shares as compared to 2.19 crore crore shares on the offer, till 11:00 am.

BEIJING — Chinese electric car company Xpeng said Monday it is buying Didi's smart electric car development business in an exchange of shares worth $744 million.

covid-19 pandemic and legal complexities raised by various stakeholders. In October 2020, the Murari Lal Jalan-Kalrock Capital consortium emerged victorious in the bid, earning approval from the Committee of Creditors (CoC) and the NCLT. Their revival plan involves injecting ₹475 crore within the first two years and raising ₹125 crore through the sale of non-core assets by the end of the first year.

financial inclusion. Emerging markets need to get the same access to global financial markets as the rest of the world, economist and former World Bank official Vera Songwe said on Saturday. “We're not getting the equity investment that is needed in the global economy because of a flight to safety,” she said, while speaking at the B20 India Summit being held in New Delhi from August 25-27.

Max Healthcare Institute Ltd. traded at Rs 555.15 on BSE at 10:35AM (IST) on Monday, up 0.31 per cent from previous close. The stock quoted a 52-week low price of Rs 306.0 and a high of Rs 630.0. Earlier, the stock saw a gap up opening in the morning. A total of 4,666 lakh shares changed hands on the counter till 10:35AM (IST). The stock of Max Healthcare Institute Ltd.

On the BSE, Ascensive Educare(down 9.98 per cent), Mukta Agriculture(down 9.61 per cent), EP Biocomposites(down 8.49 per cent), Dynamic Ind(down 8.23 per cent) and Saianand Commercial(down 8.16 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 33 stocks traded in the green, while 16 stocks traded in the red. The Nifty index was trading 57.35 points up at 19323.15. On the BSE, Decorous Investme, A F Enterprises, Colorchips New Media, Karnavati Finance Lt and Neogem India hit their fresh 52-week lows, while BITS Ltd, Olatech Solutions, Auro Labs, Ravinder Heights and Tierra Agrotech touched their fresh 52-week highs.

Bharat Forge Ltd. traded at Rs 1041.8 on BSE at 10:20AM (IST) on Monday, up 1.95 per cent from previous close. The scrip quoted a 52-week low price of Rs 677.85 and a high of Rs 1052.0. Earlier, shares of the company saw a gap up opening in the morning. A total of 8,912 lakh shares changed hands on the counter till 10:20AM (IST). The stock of Bharat Forge Ltd.

Indian Hotels Company Ltd. traded 0.43 per cent up at Rs 393.65 at around 10:25AM (IST) on Monday.

SVB). On March 10th the bank, which had $212bn of assets, failed with spectacular speed, making it the biggest lender to collapse since the global financial crisis of 2007-09. Most of SVB’s depositors were Bay Area tech startups with accounts holding well in excess of the $250,000 that is insured by the federal government.

DLF Ltd. gained 1.94 per cent to Rs 484.15 in Monday's trade.

rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities. Forex traders said the rupee is trading in a range as selling pressure by foreign investors dented sentiments, while easing crude oil prices cushioned the downside. At the interbank foreign exchange, the domestic unit opened at 82.58, then touched a high of 82.52 against the American currency, registering a rise of 12 paise over its last close. In initial trade, the rupee also touched a low of 82.59 against the American currency. On Friday, the rupee declined by 8 paise to settle at 82.64 against the US dollar. «After a not too hawkish Powell in Jackson Hole Symposium on Friday risk assets were all up as Dow Jones Rose by 247 points and Asian stocks were also up,» said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further said the rupee has gained slightly at the opening in a data-driven week that will see the release of PMIs of most nations, as also the NFPR on Friday, and looks to be in a range as the US and India GDP data are also awaited this week. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading flat at 104.07. Brent crude futures, the global oil benchmark, fell 0.11 per cent to USD 84.39 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 92.24 points or 0.14 per cent higher at 64,978.75.

₹2,474 against the previous close of ₹2,469.95 and quickly rose 0.32 per cent to ₹2,477.75. However, the stock soon slipped into the red, falling 0.3 per cent. Around 9:50 am, the stock was up 0.19 per cent at ₹2,474.70 on BSE.

Quelle surprise. ASX-listed can and bottle maker Orora is seeking to acquire high-end glass bottle manufacturer Saverglass, which was founded in 1897 in the historic Bresle Valley in France, where glass has been produced since the 15th century.

Also Read: In a first, Chandraayan-3 sends temperature profile of Moon’s surface at various depths of South Pole Due to the absence of an atmosphere, the lunar surface experiences extreme temperature fluctuations. The ISRO depicted these variations through a graphical representation. "The presented graph illustrates the temperature variations of the lunar surface/near-surface at various depths, as recorded during the probe's penetration.

Nifty, are likely to open higher Monday amid positive global cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading flat at around 19,275 level as compared to the Nifty futures’ previous close of 19,223.60.

investor confidence, including halving the stamp duty on stock trading. China's blue-chip CSI 300 Index jumped roughly 3% in early morning trade, on course for its best day since November, while the Hang Seng benchmark advanced more than 2%. The finance ministry, in a brief statement on Sunday, said it was reducing the 0.1% duty on stock trades «in order to invigorate the capital market and boost investor confidence». Separately, the securities regulator, China Securities Regulatory Commission (CSRC), said that it will slow the pace of initial public offerings (IPOs) and further regulate major shareholders' share reductions. «The policy package sent a clear signal to boost investor confidence as the market hit the bottom,» said analysts at China Asset Management Co. Shares rose across the board, led by securities brokers rallying about 7%. Other sectors, including real estate, insurance, new energy and construction engineering, jumped between 3.5% and 5%. «A reduction in stamp duty would benefit securities brokers directly,» said analysts at BOC International (China) Co, as trading activity could increase after the cut. The move comes as China's stock benchmark dropped to nine-month lows earlier this month, erasing all gains made following the reopening from COVID curbs, as the economic recovery lost steam. Beijing has taken a series of measures, including a smaller-than-expected cut in a key lending benchmark last week.

Indian Prime Minister Narendra Modi says his country’s role as the G20 host this year would focus on highlighting the concerns of the developing world, and has proposed the African Union to become permanent members of the forum

Rising trade barriers

Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and revive investor confidence. The help was needed given profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month. Chinese blue chips shed 2% last week to hit its lows for the year so far, and all eyes will be on the official PMI for August out on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2%, having eked out minor gains last week to break a three-week losing streak. Japan's Nikkei rose 0.9%, underpinned in part by the persistent weakness of the yen. S&P 500 futures edged up 0.1% and Nasdaq futures 0.2%, extending last week's modest rise. The market did manage to weather a slightly hawkish outlook from Federal Reserve Jerome Powell, who reiterated they might have to raise rates again but promised to move «carefully». «We take this to mean that the FOMC does not intend to hike at the September meeting,» wrote analysts at Goldman Sachs. «We continue to expect that the FOMC will ultimately decide that further policy tightening is unnecessary, making the hike at the July FOMC meeting the last of the cycle.» Futures imply around an 80% chance of a steady outcome at the Sept. 20 meeting, and a 54% probability of a hike by year end. DOWNSIDE RISK ON JOBS Much will depend on the flow of U.S.

dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months. In an eagerly awaited speech at the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chair Powell promised to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S.

global markets. The BSE Sensex fell 365 points at 64,886, while Nifty declined 120 points to end at 19,265. Stocks that were in focus include names like Paytm, which fell 0.71%, Mastek, which gained 2.25%, and KFin Technologies, whose shares jumped 11.65% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today:Paytm — Buy for long term The counter has witnessed a breakout of a triangle formation, which is generally considered a bullish signal.