PNB Housing, promoted by PNB Bank, decided to raise equity funds through placing of preferential rights issues. Rights scrips are issued to existing shareholders, allowing them a privilege to increase their ownership percentage at a discounted rate. The company board met on August 19 and gave a green signal to the proposal of raising Rs …
Indian Energy Exchange (IEX) has got approval to start green energy trading in its energy platform. For the first time in India, green energy will trade in the exchange, creating a more transparent and integrated market for the players. IEX received consent from the Central Electricity Regulatory Commission (CERC) to set-up a ‘green term-ahead market’ (G-TAM) …
After securing a slew of investment from foreign marquee investors, Reliance supremo, Mukesh Ambani is now targeting native online retailers to grow his footprint in the e-commerce platform and give a competition to Amazon India. Reliance has already launched Jio Mart, the online grocery brand, which also received investment from Facebook. Ambani is currently on …
When the finance ministry announced the stimulus package in May, the focus was to revive the economy that suffered a set back from COVID-19 outbreak. It was a massive 20 lakh crore package to offer financial assistance to various sectors in phases. Reviving agriculture was one of the prime focuses of the policy. Advancing on …
Indians always have an affinity for gold. Investing in gold is often linked to social status, which is why Indians invest heavily on the yellow metal. Moreover, gold is believed to be a safer investment option against market volatility. So, naturally, anything associated with gold enjoys a high demand in the country, like the sovereign …
Adani Ports and SEZ has announced the issuance of non-convertible debentures (NCDs) for the third time in this year to raise funds through debt instruments. In between 2019 and 2020, Adani Ports have already raised over $4 billion through debt tools across its businesses. The company is looking to elongate its debt tenure and reduce …
Subscription for the sixth and the final instalment of the sovereign gold bond scheme will begin on August 31. This year, the government of India announced to issue gold bonds in six tranches during the initial six months of the year, of which allotment of the first five tranches is have concluded. It is the …
Candlestick patterns are quite popular chart patterns. Traders recognize a variety of candlestick patterns in trading charts to forecast stock price movement. Some of these are considered strong trend reversal indications and so, when traders identify them in trading charts, they form trading strategies around those. We have discussed some of the candlestick trading strategies …
Axis Bank QIP shares will hit the market – announced the bank on Tuesday, August 4. In its annual general meeting on July 31, the bank sought approval from its shareholders to raise funds from the market, the QIP shares are declared after that. Apart from this, Axis also has plans to haul Rs 15,000 crore …
The government extends the BPCL bid deadline for the third time. Bharat Petroleum Corporation Ltd., India’s second-largest oil refiner, is a government-controlled company. In November 2019, the government decided to sell off its entire stake of 52.98 percent to interested private parties. Although, the cabinet accepted the proposal of disinvesting government equity shares in BPCL …
