Photo source: File photo The issue is expected to open for subscription on May 4 and is expected to close on May 9. Insurance giant LIC has set a price target of Rs 902-949 per share for a public offer of Rs 21,000 crore, which may open on May 4, sources said. According to sources, …
LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO Read More »
Photo source: PTI A view of the Bombay Stock Exchange (BSE) building. Markets moved into a tailspin during Tuesday’s trade fag-end, with the Sensex down 703.59 points as sentiment continued to weaken due to the weakness of HDFC Twins and Infosys. Concerns over rising inflation and outflows of foreign funds in the wake of the …
Sensex settles in red for fifth straight session, Nifty ends below 17,000 Read More »
Photo source: PTI Shares of multiplex chain PVR and Inox Leisure Limited have been announced after merging two companies to form the country’s largest multiplex chain with more than 1,500 screens. Highlights Benchmark stock indices Sensex and Nifty closed higher by 0.40% on Monday in contrast to the initial losses. The 30-share BSE Barometer recovered …
Sensex, Nifty rebound on gains banking, oil & gas shares Read More »
Photo source: Fripik LIC IPO draft papers cleared by SEBI Market regulator SEBI Life Insurance Corporation (LIC) has approved the mega IPO proposal to help the government raise about Rs 63,000 crore to meet its investment target for the current financial year, sources said. SEBI has approved the draft Red Herring Prospectus (DRHP) filed by …
Photo source: PTI Increased FDI inflows will complement domestic capital, technology transfer, skills development for accelerated economic growth and development across the sector. The government on Saturday allowed up to 20 per cent foreign direct investment (FDI) in the IPO-bound LIC under the automated route to facilitate investment by the country’s largest insurer, sources said. …
Cabinet allows up to 20% FDI in IPO-bound LIC: Sources Read More »
Photo source: PTI (file) A screen displays the Sensex record crossing the 60,000 mark for the first time, in Mumbai, on Friday, September 24, 2021 at the Bombay Stock Exchange (BSE) building. The benchmark index Sensex and Nifty rose 2.5 percent on Friday, one day after suffering their worst session in nearly two years, in …
Sensex, Nifty rebound over 2% each tracking recovery in global peers Read More »
Photo source: PTI In the previous session, the 30-share equity benchmark was down 503.25 points, or 0.86 percent, at 58,283.42, and the Nifty was down 143.05 points, or 0.82 percent, at 17,368.25. Highlights The Sensex fell more than 350 points in early trade on Tuesday. The Nifty was down 98.35 points, or 0.57 percent, at …
Sensex slumps over 350 points in early trade; Nifty drops below 17,300 Read More »
Photo source: PTI International oil benchmark Brent crude rose 0.11 percent to USD 75.23 a barrel. Highlights The Sensex fell 503 points on Monday. The NSE Nifty was down 143.05 points, or 0.82 percent, at 17,368.25. Bajaj Finance had the highest rate in the Sensex pack. The equity benchmark Sensex fell 503 points on Monday …
Sensex tanks 503 points; Nifty drops below 17,400 Read More »