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Atul Limited's Board of Directors approved a share buyback worth Rs 50 crore at a buyback price of Rs 7,500 per share, the company informed in its filing to the exchanges. The pre-buyback holding of promoters stood at 45.06% as on November 3 which is expected to go up to 45.16% post the buyback. The stock fell 3.5% on the NSE following the announcement. On Tuesday, the board approved the buyback of fully paid up equity shares with face value of Rs 10 per share from the open market through stock exchanges. The price for the buyback will be payable in cash and it represents 1.20% and 1.19% of the total paid-up equity share capital and free reserves (including securities premium account) as per the audited standalone financial statements and audited consolidated financial statements for the financial year ended on March 31, 2023. The company will buyback shares from the equity shareholders and beneficial owners other than the promoters or promoter entities. At the maximum buyback size and the maximum buyback price, the indicative maximum number of equity shares to be bought back under the buyback will be 66,666 shares which represents 0.23% of the total number of outstanding equity shares of the company. Though the actual number of equity shares bought back during the buyback will depend upon the actual price of the share on the buyback date. The number of equity Shares bought back under the buyback will not exceed 25% of the total number of equity shares, the company filing said. The Board has also constituted a committee for the purpose of buyback. Atul is an integrated chemical company serving about 4,000 customers in 30 industries across the world, the company claims.

L&T on Friday said it will sell its 100 per cent stake in subsidiary L&T Infrastructure Engineering Ltd (LTIEL) to a French entity.This transaction aligns with the company's commitment to focus on its core businesses and assets."L&T...has announced the divestment of its 100 per cent stake in L&T Infrastructure Engineering Ltd ," the company said in a statement.LTIEL is a provider of standalone engineering consultancy services for the infrastructure sector.The stake will be acquired by STUP Consultants Pvt Ltd, a subsidiary of Assystem SA of France.The transaction, which is subject to meeting certain conditions, is likely to be completed before January 15, next year. (PTI)PB Fintech, the parent company of Policybazaar, disclosed its financial performance for the second quarter of fiscal year 2023-24 (Q2FY24) on November 4.

₹490.33 crore from its maiden public offer. Ahead of the opening of the bidding process, here are 10 key things to know about Protean eGov Technologies IPO. Also Read: Mamamearth IPO share allotment finalised: Here’s how to check your application status Protean eGov Technologies IPO Dates: Protean eGov Technologies IPO opens for public subscription on Monday, November 6, and will close on Wednesday, November 8.

What is the business overview of Protean eGov Technologies? Protean eGov Technologies is a leading IT-enabled solutions company engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.What is the industry overview of Protean eGov Technologies? E-governance is the use of ICT to conduct government business and provide public services. The strategic objective of e-governance is to support and simplify governance for all parties: government, citizens and businesses. The growth will be led by technology and platform upgradation, and e-governance initiatives of the central and state governments.What is the size of Protean eGov Technologies IPO? The issue is completely an offer for sale of 61.9 lakh shares.Who are the selling shareholders under OFS in Protean eGov Technologies IPO? Under the OFS, 360 One Special Opportunities Fund, NSE Investments, HDFC Bank, Axis Bank, Deutsche Bank among others will offload their partial stakes.What is the price band for Protean eGov Technologies IPO? The company fixed a price band of Rs 752-792 per share, and at the upper end, it plans to raise Rs 490 crore.What is the structure of Protean eGov Technologies IPO? About 50% of the issue size has been reserved for qualified institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors. Also, the offer includes a reservation of 1.5 lakh equity shares for the company's employees at a discount of Rs 75 per share to the final offer price.How is the financial

The Dow Jones Industrial Average rose 149.75 points, or 0.44%, at the open to 33,988.83. The S&P 500 opened higher by 16.45 points, or 0.38%, at 4,334.23, while the Nasdaq Composite gained 68.66 points, or 0.52%, to 13,362.85 at the opening bell.

A leading Senate Republican on financial policy wants to open private-market investing to more people who currently don’t meet the net worth or income thresholds to qualify.

₹1,261.19 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,380.15 crore, the exchange data showed.Adani Green Energy, the renewables firm of Indian billionaire Gautam Adani, is in talks with a group of foreign lenders to borrow as much as $1.8 billion, according to people familiar with the matter.The loan proceeds will be used to build new capacity in solar and wind projects, said the people, who asked not to be named as the matter is private.The banks involved include Barclays Plc, BNP Paribas SA, Deutsche Bank AG, First Abu Dhabi Bank PJSC, Rabobank and Standard Chartered Plc, they said.

A rebounding property market and low mortgage arrears have kept funding markets wide open for Australian lenders, as investors look for more certain and stable returns amid ongoing volatility in equity markets.

'Making Money' host Charles Payne analyzes the September retail sales report after it smashed expectations.

The Dow Jones Industrial Average rose 183.24 points, or 0.55%, at the open to 33,457.82. The S&P 500 opened higher by 30.40 points, or 0.72%, at 4,268.26, while the Nasdaq Composite gained 169.02 points, or 1.29%, to 13,230.49 at the opening bell.

By Stephen Nellis

The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S. economy’s surprising strength, but also nodded to the tighter financial conditions faced by businesses and households.

The Federal Reserve left its benchmark interest rate unchanged for the second straight meeting and kept the door open to another rate hike this year as the central bank’s ongoing battle against inflation appears to be far from over.

NEW DELHI : Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Wednesday launched three India-assisted development projects, two of which are expected to boost trade and improve connectivity with the Northeastern states. “In this journey of nine years, the inauguration of the Akhaura-Agartala rail link today is a historic moment. This is the first rail link from India’s northeastern states to Bangladesh," said Modi at a joint press briefing.

The Environmental Protection Agency spent more than a year investigating whether Louisiana's oversight of industrial air emissions discriminated against Black residents

The Dow Jones Industrial Average rose 29.00 points, or 0.09%, at the open to 33,081.87. The S&P 500 opened higher by 7.47 points, or 0.18%, at 4,201.27, while the Nasdaq Composite gained 35.83 points, or 0.28%, to 12,887.06 at the opening bell.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “Indian nationals wishing to open such a bank account are advised to approach an Indian bank that has a partnership agreement with the Central Bank of the Russian Federation for guidance," it said.

Protean eGov Technologies IPO, formerly known as NSDL E-Governance Infrastructure has set the price band for its issue at ₹752-792 per share to raise ₹490.3 crore. The company is set to launch its three-day initial public offer on November 6 and close on November 8. Meanwhile, the anchor investors bidding for the IPO will start on 3 November.

new restaurants, pubs, bars and cloud kitchens will be opening their doors this quarter across metropolitan cities as well as tier II-III towns for the New Year. Restaurateurs told ET they are looking to capitalise on the highest demand they are seeing since the pandemic. MMG Group, master franchisee for burgers-and-fries chain McDonald's in the north and east, plans almost as many new QSRs in the current quarter alone as in all of the previous year. «We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi-Mumbai Expressway (area),» said Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East.

The Dow Jones Industrial Average rose 100.15 points, or 0.30%, at the open to 33,029.11. The S&P 500 opened higher by 4.51 points, or 0.11%, at 4,171.33, while the Nasdaq Composite dropped 2.87 points, or 0.02%, to 12,786.62 at the opening bell.

(A) Graduate Electronics & BE/ B.Tech: DRDO is looking to engage two apprentice candidates each for Electronics & Communication and Mechanical branch with a stipend of ₹9000 per month. The essential qualification for Electronics & Communication is BE/ B.Tech in Electronics & Communication Engineering and BE/B.Tech in Mechanical Engineering for the Mechanical branch.