Cooling period for independent directors: Is there a loophole?
Government and regulators should be on the alert. A 3-year cooling period after two 5-year terms for independent directors will take place in 2024. But companies are searching for a way out by @JayantThakur
What will JSW Energy look like after mammoth QIP?
The Rs 5,000-crore funds infusion vastly raises investment capabilities of the company
Adani Power hits fresh record high, stock surges 18% in last 4 sessions
The stock rallied 5 percent to a record high of Rs 611.75 on the BSE after gaining 18.4 percent in the last four trading sessions. It jumped 15.3 percent so far this year, while in the last one year, it surged 214 percent
A bait for Tesla
But will bringing in Musk’s electric car company solve India’s manufacturing problem?
Ambitious targets for domestic IT market growth fly in the face of reality
TCS wants to hike India sales to $10 billion or a seven-fold jump from current levels. Slowing revenue growth in the US may be a reason to look homewards but it will need to develop the market first
March sees sharp decline in stock market volumes amid heightened volatility
The average daily turnover in the equity cash segment of the BSE and the NSE dropped 13.33 percent, the most since October 2023, to Rs 1.12 lakh crore. Similarly, the average daily turnover for derivatives decreased by 8.76 percent to Rs 373.44 lakh crore
Retail investors' favourite stocks that turned multibaggers in FY24
Several stocks with very high retail investor base, rode the market rally to turn multibaggers in FY24. Moneycontrol has listed top 30 firms with the largest retail shareholder base, and selected 10 out of them with at least 100 percent rise this fiscal
Shapoorji Pallonji Group firm Afcons Infra files draft papers to raise Rs 7,000 crore via IPO
Proceeds worth Rs 150 crore from the issue will be used for capital expenditure, Rs 350 crore will be used to fund long-term working capital requirement
India among biggest losers of top 10 global markets in March as smallcap worry hits equities
India's aggregate market capitalisation dropped by 1.6 percent in dollar terms, marking the steepest fall since October 2023. The Indian equity market, however, maintained its fifth position globally with a market capitalisation of $4.5 trillion
India beats rest of Asia with highest foreign funds flow, domestic buying hits 4-year high in March
Foreign Institutional Investors (FIIs) pumped $3.63 billion into Indian equities in their biggest buying binge since December 2023. Domestic institutions continued to be net buyers, investing around Rs 52,467 crore in the market, their highest since March 2020
JM Financial trades 4% down, IIFL Finance sheds 5.5% as RBI initiates special audit
JM Financial extended its decline, trading in the red in 11 out of the last 16 sessions, while IIFL Finance lost in 12 sessions. Since early March, IIFL Finance shed over 45 percent, while JM Financial fell nearly 25 percent
Prince Pipes: Aquel buyout a positive for bathware, but core business recovery in focus
Total revenues declined by 6 percent in 9M FY24 as pipes business faced market share loss
Taking Stock: Sensex, Nifty post over 2% weekly fall, steepest decline in 20 weeks
Sensex, Nifty faced their first weekly decline after four weeks of gains, both dropping around 2% during the week. Broad-based selling and a meltdown in mid- and small-cap stocks continued, alarming investors amid regulatory warnings
Tata Investment Corp stock hit 5% lower circuit for fifth straight session
The stock declined around 22.6 percent in past five trading sessions. At 11 am on March 15, the stock was trading at Rs 7,540.15 on BSE. Year to date, it has gained over 76 percent.
Eris Lifesciences’ insatiable appetite for growth is driving up its debt
After Biocon Biologics' formulation deal, net debt at the company is estimated to rise from Rs 886 crore to Rs 2,400 crore
Is ITC still a value play?
Well-diversified business model with robust free cash flows
Six MFs completely exited Paytm stock; six cut stake sharply in Feb
Mahindra Manulife Mutual Fund (15.16 lakh shares), Quant Mutual Fund (6.13 lakh shares), Bajaj Finserv MF (2.1 lakh shares), JM Financial MF (1.67 lakh shares), Union MF (1.15 lakh shares), and Baroda BNP Paribas MF (17,000 shares) have completely divested from Paytm stock.
Mutual funds bought HDFC Bank shares worth Rs 8,400 crore in February
Mutual funds bought around 6.01 crore shares in February. As of February 2024, mutual funds held around 142.27 crore shares in HDFC Bank from 136.26 crore shares in January
NSE cuts transaction charges by 1%, plans exit from non-core businesses
The National Stock Exchange (NSE) board approved a 1% reduction in transaction charges for cash equity and equity derivatives starting April 1, 2024. This move is expected to impact the company's annual revenue from transaction charges by approximately Rs. 130 crores.
Business in the Week Ahead: March 11-15
At least two new IPOs will open for subscription. Inflation, exports-imports are the other key data points to track
Start-up Street | Google vs Indian apps: Goliath vs David or just another business squabble?
Overall, there is a trend of users, courts, antitrust authorities and even governments siding with app developers and taking a tougher stand on anti-competitive behaviour by Big Tech
MC Graphixstory | FIIs rush for consumer services, auto, healthcare, sell off financial stocks
FIIs offloaded financial, construction, and FMCG stocks. They were net sellers of financial services shares, pulling out Rs 10,000 crore from the market in February, after Rs 30,000 crore a month back
Fresh demat accounts exceed 40 lakh for the 3rd straight month in Feb
What intrigues a market observer is the fact that the rush to enter the market stays unhindered despite brokerage warnings on high valuations and sustained caution on PSU stocks, midcaps and smallcaps
Tata Motors’ demerger offers investors a global car maker in JLR
The demerger offers investors the twin benefits of participating in the domestic CV segment while also getting an opportunity to own a pure-play global car company
