₹2,034.14 crore of equities in the Indian share market on Tuesday. The DIIs turned into net buyers by investing ₹1,361.02 crore.The 10-year Treasury yield climbed again Tuesday, up to 4.79% from 4.69% late Monday and from just 0.50% early in the pandemic.
It touched its highest level since 2007 and rose after a report showed U.S. employers have many more job openings than expectedVaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher recommends: 1] Titan Company: Buy at ₹3196, target ₹3350, stop loss ₹3130;2] EIH: Buy at ₹232, target ₹250, stop loss ₹228; and3] TV18 Broadcast: Buy at ₹45.90, target ₹50, stop loss ₹44.50.
(Read More)Private sector lender ICICI Bank on Tuesday said it has raised ₹4,000 crore via bonds to fund business growth.The bank has allotted 4,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures aggregating to ₹4,000 crore on private placement basis and the date of allotment being October 3, 2023, ICICI Bank said in a regulatory filing.The bonds are redeemable at the end of 10 years (redemption date being October 3, 2033), it said.There are no special rights or privileges attached to the bonds, it said. (PTI)On October 3, Maruti Suzuki India, a prominent automobile company, disclosed to the stock exchanges that it has received a draft assessment order from the Income Tax department, indicating pending dues amounting to ₹2,160 crore.
This case is related to the financial year 2019-20.In response to the order, the company has stated its intention to file objections before the Dispute Resolution Panel as part of the due process. (Read More)On Tuesday, Bajaj Allianz received a GST demand notice totalling ₹1,010 crore.
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