BUSINESS
Warren Buffett warns of US slowdown, China risks: Key takeaways from Berkshire Hathaway's annual meeting
Warren Buffett's Berkshire Hathaway experienced a significant increase in net earnings during the first quarter of 2023, surpassing five times its previous results.
BUSINESS
Demat account openings hit lowest since Dec 2020 at 1.6 million as volatility continues
Some analysts blamed the ongoing crisis in the IT sector for the loss of interest in demat accounts. IT, which has historically been a key contributor to new account openings, is in throes of severe uncertainty, leading to large-scale downsizing and pay cuts
BUSINESS
Early-bird results show tepid India Inc profits in Q4 season
Disappointing growth by IT companies drags down corporate performance in the fourth quarter while consumer and auto sectors maintain sustained momentum, shows a Moneycontrol analysis of results announced by 180 companies so far.
BUSINESS
Nexus Select Trust sets price band for India's first pure-play retail mall REIT IPO at Rs 95-100 per share
Nexus Select Trust proposes to utilize part of net proceeds towards the acquisition of a 30 percent stake in Nexus Indore Central (NMMCPL) from Olive Commercial Company Ltd.
BUSINESS
Blackstone-backed Nexus Select Trust's Rs 3,200-cr IPO to open on May 9, close on May 11
Nexus Select REIT will open for subscription on 9 May and close on 11 May. Anchor investors subscription will open on 8 May and finalisation of the basis of allotment will be on May 16. Initiation of refunds will be on May 17 and the stock will list on exchanges on 19 May.
BUSINESS
TVS Supply Chain files draft IPO papers again, lowers issue size
The firm now plans to raise around Rs 750 crore via fresh issue from Rs 2000 crore earlier. The firm also cut its offer for sale to 20 million shares from 59 million shares earlier planned.
BUSINESS
More than 7 million NSE shares change hands, take turnover 2nd to Adani Enterprises
Around 7.1 million shares of the unlisted National Stock Exchange (NSE) changed hands in March, the second highest volume in a single month since the bourse started publishing the share transfer data from January 2021.
BUSINESS
Mid and small cap shares show promising signs of recovery
Both indices have risen for 11 out of 12 sessions this month on anticipated demand growth, attractive valuations, and expected improvements in earnings.
BUSINESS
ITC becomes 11th Indian firm to cross Rs 5-trillion market value
The stock of cigarettes-to-hotels conglomerate ITC Ltd became the 11th Indian listed company to hit Rs 5 trillion market capitalisation after its shares touched an all time high with surging over 21% so far this year.
BUSINESS
Mankind Pharma sets price band for IPO at Rs 1026-1080 per share
Apart from its popular Manforce Condoms, Prega News, and Unwanted-72 brands, Mankind Pharma has also established a range of consumer healthcare brands in categories such as antacid powders (Gas-O-Fast), vitamin and mineral supplements (Health OK brand), and anti-acne preparations (AcneStar brand), among others.
BUSINESS
Mankind Pharma to open anchor book for Rs 4,300-crore IPO today
Mankind Pharma, India’s fourth largest pharmaceutical company in terms of domestic sales and second largest in terms of sales volume for the financial year 2022, will open for subscription on April 25 and close on April 27. The anchor bidding will start on 24 April.
BUSINESS
India's fear gauge for markets hovers at 20-month low, indicates reign of the bulls
In the last eight sessions in a row, foreign institutional investors bought $1.14 billion in local equities
BUSINESS
FIIs bought over $1 billion of local equities in past seven sessions
Brokerages said the recent drop in domestic share prices made valuations attractive.
BUSINESS
Fewer demat account openings in FY23 as retail investor frenzy subsides
Unstable market conditions, lower returns from mid-cap and small-cap stocks, stringent margin system and layoff in IT companies and startups among reasons. This is for the first time since FY14 there is a decrease in the net addition of demat accounts.
BUSINESS
IPO filings drop by over 50% in FY23 amid unfavourable market conditions
Investors, too, are wary after companies that listed underperformed over the past 18 months.
BUSINESS
Avalon Tech sets price band for Rs 865-crore IPO at Rs 415-436 per share
The IPO will open for subscription on 3 April and close on 6 April. The anchor investors bidding will open on 31 March. The basis of allotment will be on 12 April and credit of share will be on 17 April. The firm will list on exchanges on 18 April.
BUSINESS
Analysts divided over impact of hike in STT on F&O volumes
While some say the profit margin will decrease and lead to fewer participants, others argue that previous tax increases had little lasting effect.
BUSINESS
India's mcap drops below $3 trillion for the first time in nine months
India's market capitalization currently stands at $2.99 trillion, a level last seen on 23 June 2022. It is currently ranked sixth among the top 10 most valued countries.
BUSINESS
Avalon Tech's Rs 865-crore IPO opens for subscription on April 3
Avalon Tech IPO: The electronic manufacturing services company has cut its IPO size to Rs 865 crore from Rs 1,025 crore. The offer comprises a fresh issue of Rs 320 crore and an offer for sale of shares worth up to Rs 545 crore
BUSINESS
Gold outshines equities in FY23 amid banking crisis, geopolitical tensions
Investors are concerned about a banking contagion and are seeking safety in gold.
BUSINESS
Stock exchange daily cash volumes fell over 20% in FY23, most in 11 years
Volumes in the derivative segment remained close to all-time highs in every month since last year.
BUSINESS
Indian equity market follows global trend, 1-year forward PE trades below 10-year average
The BSE Sensex is currently trading at 19.05 times its one-year blended forward earnings, at a discount of nearly 140 basis points to its ten-year average of 20.48 times. The Nifty50 index is trading at 18.09 times its one-year forward earnings, below its ten-year average of 19.93 times.
BUSINESS
India sees steepest m-cap drop among world's top markets in March quarter
Aggregate market capitalisation falls 11 percent, the biggest since the March 2020 quarter, even as global markets stay in green despite rate-hike worries. Indian markets are likely to see more selling pressure amid falling global markets and expensive valuations, say analysts
BUSINESS
Block deals become a bother with too many shares flooding the Street
Market participants expect the trend of block deals to intensify given the uncertain macro-economic outlook both at the global and domestic level
