BUSINESS
Market nosedives for fifth straight session, investors lose over Rs 17.5 trillion: 5 reasons why
Since January 17, the Sensex has tanked 3,300 points and the Nifty 1,100 points, down 5.4 percent each
MARKETS
Why shares of CarTrade Tech are falling?
The stock traded at a fresh low of Rs 772.50 on the BSE, down 4.7% from its previous close.
EARNINGS
ICICI Bank reports 25% rise in Q3 profit, exceeds estimates
Net interest income (NII), or the core income a bank earns by giving loans, was up 23.44% to Rs 12,236.04 crore from Rs 9,912.46 crore last year.
BUSINESS
Yes Bank posts 77% rise in December quarter profit on lower provisions, higher recoveries
Net interest income, a measure of how much money the bank makes from lending, was down 31% and other income declined 32% year on year
IPO
Morgan Stanley reduces stake in Paytm substantially
Morgan Stanley’s name is missing from the key shareholders' list, as per data. However, it is not clear whether the brokerage firm has sold its entire stake in Paytm or its ownership has come down to less than one percent.
COMPANIES-2
Zomato falls 15% in four sessions; Rs 15,624 crore investor wealth wiped out
Since January 17, Zomato has fallen nearly 13%. The stock debuted on the bourses in July 2021 with an issue price of Rs 76 apiece and settled with a nearly 65% premium at Rs 125.85.
BUSINESS
Early Q3 earnings point to margin pressure, trend may continue in Q4
High input costs continue to be a worry amid higher crude oil prices
BUSINESS
Adani Wilmar sets Rs 218-230 as price band for its public issue
Earlier, Moneycontrol was the first one to report that its IPO will open on January 27 for subscription and close on January 31. It is planning to list on February 8 on exchanges. The firm has cut its IPO size to Rs 3,600 crore from Rs 4,500 crore earlier
BUSINESS
Brokerages report strong earnings in December quarter
Revenue of top listed brokerages grew 65 percent on average in the December quarter, while net profit advanced by 70 percent.
BUSINESS
Market trade lower for second consecutive day: 6 factors that are dragging the indices
The selloff was prompted by concerns over US interest rate increases, rising crude oil prices and growth in Covid-19 cases globally
BUSINESS
AGS Transact Technologies IPO to open today. Should you subscribe to the issue?
The Rs 680 crore-initial public offering of AGS Transact Technologies Ltd kicked off for subscription from tomorrow. The issue is entirely offer for sale where promoters exit partially. The price band for the issue was at Rs166-175 a piece.
BUSINESS
Rakesh Jhunjhunwala cuts stake in Jubilant Ingrevia by 0.81%
Jhunjhunwala now holds 50 lakh shares or a 3.14 percent stake in the firm.
EARNINGS
Adani Green Energy crosses Rs 3 trillion m-cap for the first time
Adani Green Energy is one of the largest renewable energy companies in India, with a current project portfolio of 13,990 MW with locked-in growth of 20,284 MW.
BUSINESS
Coronavirus third wave rolls back business resumption gains since second wave
Nomura India Business Resumption Index (NBRI) fell to 102.90 for the week ended January 16 versus 107.90 in the previous week.
BUSINESS
HCL Tech shares shed 6% on lower earnings, reduced margin outlook
HCL Tech reported a dollar revenue growth of 7.6 percent sequentially in constant currency to $2.97 billion for the December quarter, the fastest in almost 12 years
BUSINESS
Why AGS Transact Tech dropped 68% in unlisted market
Shares of AGS Transact Technologies Ltd are down nearly 68% in the unlisted market from its recent peak of Rs 550 a share hit in October 2021. Currently it is quoting at Rs 185-195 per share, a dealer said.
INDIA
AGS Transact Tech sets price band for first IPO of the year at Rs 166-175 a share
Earlier, the firm had cut its IPO size to Rs 680 crore from Rs 800 crore. The first IPO of the year will open on January 19 and close on January 21. The firm is expected to list on exchanges on February 1.
BUSINESS
Status check on last year’s big IPOs: 8 of 12 stocks trading below offer price
IPOs in 2022 will have to be priced and timed appropriately, otherwise, investors may not subscribe to them, analysts said.
BUSINESS
Top 5 reasons why Paytm’s stock price is falling
Here are the top five reasons for the decline in Paytm’s share price
MARKETS
Why new-age technology stocks will continue to bleed in 2022
Barring Paytm operator One97 Communication, most of these new-age tech stocks listed with substantial premiums on their debut on the bourses driven by near euphoric interest from first-time retail investors, who were exposed to these companies in their daily life
BUSINESS
AGS Transact Tech cuts IPO size to Rs 680 crore, issue to open on January 19
AGS Transact Tech IPO | The issue will entirely be an offer for sale wherein promoter Ravi B Goyal will sell shares worth up to Rs 677.58 crore
BUSINESS
Tata Tele does a Vodafone, approves conversion of interest on AGR dues into equity
Upon conversion, the government is expected to hold a 9.5 percent stake in the company
BUSINESS
Adani Enterprises is 4th group firm to cross Rs 2 lakh crore m-cap
The combined market capitalisation of the four Adani Group companies exceeds Rs 10 lakh crore
BUSINESS
Govt to own a third in Vodafone Idea, shares crash as questions remain
As of March 2021, the company’s total debt stood at Rs 1.80 trillion. The shares of Vodafone Idea cracked 14 percent in early deals
