Rights Financial News

₹5 and consists of a fresh issue of ₹617.69 crore and an offer for sale of up to 14.28 million equity shares by the promoter and promoter group selling shareholders and individual selling shareholder. The offer for sale consists of the sale of equity shares of up to 4.28 million by Ramneek Sehgal, up to 7.59 million equity shares by Ramneek Sehgal and Sons HUF, up to 5,030 equity shares by Avneet Luthra, up to 9.27 lakh equity shares by Mohinder Pal Singh Sehgal, up to 5.53 lakh equity shares by Parmjit Sehgal, up to 9.22 lakh equity shares by Simran Sehgal and up to 1,677 equity shares by Kanwaldeep Singh Luthra.

Aam Aadmi Party (AAP) chief national spokesperson Priyanka Kakkar on Monday said the party respect the Hon’ble Supreme Court's order to vacate its (AAP) headquarters office in the Rouse Avenue area of the national capital as the land was allotted for the expansion of Delhi High Court's infrastructure. Kakkar said the Supreme Court has also directed that the Centre's Land and Development Office to allot an alternative land for AAP's office as soon as possible.

SIP. This article explains seven different types of SIP. With SIPs, investors can adopt a disciplined approach to investing with just a one-time mandate.

options trading may seem complex at first, understanding the basics can open up a world of opportunities, for investors looking to diversify their portfolios and manage risk. Let's explore what options trading entails and how it can be used to enhance your investment strategy. Options trading involves buying and selling contracts that give the holder the right, but not the obligation, to buy or sell a specific asset, such as stocks, at a predetermined price (known as the strike price) within a specified period of time (known as the expiration date).

demat account. A dematerialised (demat) account serves as a digital repository for the financial securities purchased by an investor, storing them in electronic format. This account streamlines the storage and management of financial securities, offering convenience and accessibility to investors.

1. Bajaj PX97 Torque Personal Air Cooler The Bajaj PX97 Torque New 36L Personal Air Cooler is designed for your room’s cooling needs. This Bajaj air cooler comes with a Duramarine Pump that’s also backed by a 2-year warranty from Bajaj.

In a stock exchange notice today (4 March), the board said the preliminary valuation report provided by music rights specialist Shot Tower Capital, indicates a 26.3% reduction to the valuation provided by former independent valuer Citrin Cooperman in December 2023. The report suggests a fair market value range for the portfolio between $1.8bn and $2.06bn, or $1.74bn and $2bn after factoring in contingent catalogue bonuses amounting to $59.9m.  This contrasts with the previously disclosed fair value recorded as of 30 September 2023 of $2.62bn, and $2.55bn after accounting for the catal...

March could see the S&P 500 continue to post gains, historical patterns suggest. These trends have been proven right many times in the past, but only time will tell if they will continue to be reliable indicators.

Aditya Arora, Adlytick, says: “I would like to maintain a cautious view on the market because it is not a broad-based rally. It is a narrow rally and stock and a specific rally. Smallcaps are correcting and on the other hand, safe havens like gold and bullion are doing well and pharma is also doing well. I think money is to be made on the long side on the pharma space and on the short side on high beta counters.”

Udhayanidhi Stalin has ‘abused his rights’, the Supreme Court on Monday slammed Tamil Nadu Sports Minister and DMK leader over his comments on 'Sanatana Dharma' and said that he should refrain from such comments as he is "not a layman but a minister". Stalin has approached the apex court, seeking the consolidation of multiple FIRs registered against him in various states for his remarks. Represented by senior advocate Abhishek Manu Singhvi, Stalin requested the court to merge FIRs from Uttar Pradesh, Karnataka, Bihar, Jammu and Kashmir, and Maharashtra.

In a stock exchange notice today (4 March), the board said the preliminary valuation report provided by music rights specialist Shot Tower Capital, indicates a 26.3% reduction to the valuation provided by former independent valuer Citrin Cooperman in December 2023. The report suggests a fair market value range for the portfolio between $1.8bn and $2.06bn, or $1.74bn and $2bn after factoring in contingent catalogue bonuses amounting to $59.9m. This contrasts with the previously disclosed fair value recorded as of 30 September 2023 of $2.62bn, and $2.55bn after accounting for the catalogue...

₹100 spent by a person from the top 5% class, a person from the bottom 5% class in rural areas spends just ₹13 and even less in urban areas at less than ₹10. The national average MPCE of ₹3,773 and ₹6,459 for rural and urban areas, respectively, was almost equivalent to the expenditure of 60-70% fractile class in 2011-12. This saw only a little change in the latest survey.

Sanjiv Bhasin, Director, IIFL Securities, says they remain extremely bullish on this space. There will be upgrades, downgrades at new highs. Who thought Tata Steel will go to Rs 165 from Rs 100 in the last six months and right now, SAIL is the new GAIL. So, one can imagine the left-out feeling. Bhasin says: “We continue to be very optimistic. Our dark horse play there continues to be Nalco, JSW and Vedanta.” Over the last week, the metal pack had a very solid run. But today, CLSA has downgraded JSW Steel as well as Tata Steel. Do you think they are a bit too conservative and early in downgrading or do you think the rally has played out? Sanjiv Bhasin: Since a couple of weeks ago, I have been saying that the dollar is headed lower and if China comes back, we will see metals do well. We have seen that there has been no capacity addition. And I think the way nickel, copper, all both ferrous and non-ferrous are performing, this could be a very sweet time for metals, particularly commodities, particularly metals. And we remain extremely bullish on this space.

₹500 crore for local industries, particularly micro, small and medium businesses, in states such as Punjab and Haryana, and border areas of the National Capital Region (NCR). The disruption caused by the government’s road blockades has not only caused traffic issues but also hampered critical distribution networks, affecting the livelihoods of residents and commuters. India boasts a rich history of protests dating back to the Independence movement.

America’s lobster fishing business dipped in catch while grappling with challenges including a changing ocean environment and new rules designed to protect rare whales

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits

Ranchers in the fire-scarred Texas Panhandle are facing a grim task of disposing possibly thousands of dead cattle killed by smoke and flames

A court in Bangladesh has granted bail to Nobel laureate Muhammad Yunus in a $2.3 million embezzlement case

Godrej Consumer Products Ltd (GCPL) may see better-than-peers earnings growth ahead, under chief executive officer Sudhir Sitapati’s leadership. The company is taking the right steps to improve the overseas and India portfolio. It plans to bolster the financial position of the GAUM (Godrej Africa, USA, and Middle East) segment, which formed over 24% of GCPL’s consolidated revenue in the nine months ended December (9MFY24).

India being on a path to become the world’s third largest economy, with annual growth predicted at above 6% (double the world average) for the next two years, cannot be ignored in multilateral trade discussions. At the same time, our trade negotiators had a tough job balancing the interests of different domestic stakeholders with the changing dynamics of global trade and geopolitics, with India’s aim of playing a key role in resilient global value chains forming an important part of the context.

Mint amid the frenzy in many of these stocks. The founder of GQuant Investech believes that Sebi is right in sounding the alarm bells about the froth in the small-cap space , even as these warnings are being cheerfully ignored by the market.