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
INDIA
Market cap of BSE companies scales record high of Rs 274.73 trillion
This record surge in market capitalisation was recorded despite Sensex and Nifty trading over 3 percent below their allp-time highs. This clearly indicates that the rally since new year has been supported by non-index stocks or smaller stocks
BUSINESS
Business resumption falls sharply amid surge in COVID-19 cases
The impact of night curfews clamped by several state governments, and the consequent drop in people’s mobility, are responsible for a decline in an index that measures how quickly business is normalising
INDIA
Government set to miss divestment target for third straight year
"These elections are being seen as a mid-term referendum on Narendra Modi 's performance. Hence, divestment may be put on the back-burner as populism takes precedence."
BUSINESS
TCS trades about 3.5% higher after buyback announcement
The board will also meet to announce third quarter earnings. This will be the fourth buyback and in earlier three buybacks Tata Sons was the biggest beneficiary.
BUSINESS
Rising input costs to hurt companies’ margins despite expected strong Q3 show: Analysts
While net profit growth would likely be in double digits, margins may come under pressure as prices of raw materials continue to stay elevated, they added.
BUSINESS
Hinduja Global Solutions hits 20% lower circuit as lower-than-expected dividend disappoints investors
Hinduja Global Solutions announced an interim dividend of Rs 150 a share and one for one bonus share on Thursday. This comes to Rs 315 crore total dividend against $1.09 billion sale of its healthcare operations
MARKETS
Tata Teleservices Maharashtra tops Rs 50,000 cr market capitalization
The scrip climbed to an all-time high of Rs 264 in early deals today from Rs 2.82 apiece hit on 16 October 2020 - a rise of 9262.50 percent.
MARKETS
Why can’t investors make up their minds about bank stocks?
Bank stocks are cyclical and tend to be a harbinger of the performance of other sectors and the broad economy, making them more volatile.
