EARNINGS
MC Interview | Budget has no negative surprises, says Dr VK Vijayakumar of Geojit Financial Services
"Equities have been in a brief pre-budget rally supported by renewed strength in the mother market US. This positive sentiment continued on the budget day also."
MARKETS
Budget 2022 | 10 year bond yield surges 20 basis points as Centre misses fiscal deficit target
The 10-year bond yield rose to 6.85% from its previous close of 6.67%. Bond yield and prices move in opposite directions.
BUSINESS
FIIs sell equities for fourth straight month, biggest losing streak in five years
However, Vijaykumar expects a post-Budget rally triggered by some positive proposals can turn the market around prompting FPIs to turn buyers.
BUSINESS
Vedanta Q3 Results | Profit grows 26.75% to Rs 5,354 crore, revenue up nearly 50%
The performance was driven Aluminium and Zinc-India businesses owing to higher LME prices and production ramp-up
BUSINESS
Vedant Fashions sets price band of Rs 824-866 a share for its IPO
Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, has fixed its price band at Rs 824-866 a share for its initial public offering (IPO). The firm earlier said that its IPO will open on February 4 and close on February 8.
BUSINESS
Boat owner seeks SEBI approval for Rs 2,000-crore IPO
The IPO will consist of a fresh issue of Rs 900 crore and offer for sale of Rs 1100 crore by its promoters and shareholders
IPO
AIF, Credit Suisse, Integrated Core Strategies, Societe Generale sell substantial shares in SJS Enterprises
Alternate Investment Funds, Credit Suisse Singapore, Integrated Core Strategies Asia Pte and Societe Generale name are missing in SJS Enterprises' latest December quarter shareholding data.
BUSINESS
Crash in new-age tech IPO stocks sours sentiment in unlisted market
Dealers point to sharp decline in trade volumes and investor interest to buy shares of companies that are on the verge of bringing out their IPO
BUSINESS
Sensex, Nifty stage sharp recovery led by metals, telecom, power, financials and pharma
After slumping 1028 points to 56,404, the Sensex was trading at 57,506 at 9.30 am up 15 points or 0.03 per cent.
BUSINESS
Third wave drags business resumption back to pre-pandemic levels; growth focus a must
Nomura India Business Resumption Index fell to 100.50 for the week ended January 23 versus 102.20 in the previous week
BUSINESS
Manyavar owner Vedant Fashions IPO to open on Feb 4; closes on Feb 8
The company got SEBI nod on January 18 to float the IPO, and filed a red herring prospectus with ROC on January 22. The firm plans to list on exchanges on February 16.
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.
