Five years after Aramco’s $29.4 billion listing had been marred by temper tantrums and U-turns that left it almost entirely reliant on local investors, Amin Nasser and a coterie of top Wall Street bankers had finally delivered the international deal Crown Prince Mohammed bin Salman always wanted. A large chunk […]
Market
International crude oil prices settled slightly lower in the previous session after a survey showed deteriorating US consumer sentiment. Still, prices rose four per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Oil benchmarks slipped after a survey showed US […]
Ethanol and bio-based chemicals maker Godavari Biorefineries Ltd on Saturday filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed initial share-sale is a combination of fresh issue of equity shares worth ₹325 crore and an Offer-for-Sale (OFS) of 65.27 lakh […]
Hyundai Motor India IPO: Hyundai Motor India Ltd. (HMIL) is all set for a stellar initial public offering (IPO) in what could likely be the biggest public issue in the Indian primary market. The exact amount to be raised has not been specified in the draft red herring prospectus (DRHP) […]
Dividend Stocks: Shares of several major companies including Bajaj Finance, Bajaj Finserv, Tata Steel, HDFC Life Insurance Company, LTIMindtree Ltd, among others among others will trade ex-dividend in the coming week starting from Tuesday, June 18. Along with these, some companies have declared a buyback of shares, while some have […]
“The main benefit to the market of the NDA’s re-election is policy predictability, which will influence how growth and equity returns pan out in the coming five years. We believe the government is likely to continue focusing on macro stability (i.e., inflation hawkishness) to inform policy,” said the report. The […]
Morgan Stanley’s latest report on chemical stocks reflects cautious sentiment, foreseeing ongoing challenges for the sector in the near term. It believes that the chemicals sector is still not out of the woods and advises remaining on the sidelines until an earnings upgrade cycle occurs. The brokerage also expressed a […]
Going ahead, the brokerage sees limited short-term upside for the Nifty due to high valuations and a lack of positive catalysts. Despite this, the pause is viewed as a temporary phase in a long-term bull market, with a low likelihood of a significant correction. SAMCO maintains a positive outlook on […]
Top News Securities and Exchange Board of India (SEBI) in its recent circular states that the non-submission of ‘choice of nomination’ shall not result in freezing of Demat Accounts as well as Mutual Fund Folios. SIP inflows jumped 42% on Y-o-Y basis to ₹20,904 crore in May 2024 compared to […]
Gold And Silver Prices Today: Gold prices saw a slight increase on Saturday.The cost of 24 carat gold is Rs.7373.5 per gm up by Rs.291.0.The cost of 22 carat gold is Rs.6754.1 per gm up by Rs.266.0. The price change in 24 carat gold in the last one week has […]