As of 5 pm on 6 August 2021, the final bidding day, Windlas Biotech’s public issue was subscribed 22.40 times. The company’s initial public offering received bids for 13,78,54,260 shares, whereas the total number of reserved shares was 61,36,252. Windlas Biotech is one of the leading players in India’s pharmaceutical formulations contract development and manufacturing …
The all-crucial Reserve Bank of India’s monetary policy committee (MPC) announced on Friday kept interest rates unchanged for the seventh consecutive time, maintaining an accommodative position. The RBI has projected retail inflation for FY22 at 5.7 per cent from its earlier forecast of 5.1 per cent. The central bank has maintained the repo rate at …
An Overview The recent stock market rise is expected to benefit Indian individual investors, who have boosted their involvement and holdings of NSE listed businesses during the last 18 months. In the quarter ended June 2021, retail holdings of NSE listed companies reached a new high of 7.18 percent, reflecting a strong increase in new …
An Overview On Tuesday, India’s benchmark indices closed at new all-time highs. The BSE Sensex ended the day at a new all-time high of 53,823.36, up 872.73 points or 1.65%. Likewise, the broader Nifty50 index rose 242 points, or 1.52%, to a new high of 16,126.65. Earlier in the trade, both indices reached new all-time …
The Prime Minister, on August 2, launched the e-RUPI, which is a digital instrument for payment purposes. The objective of this instrument, according to the prime minister’s speech is to make payments seamless and easy; the e-RUPI is aimed at making welfare services-associated payments easier. So, how does the e-RUPI work? The e-RUPI is a …
On 3 August 2021, the accumulated market capitalisation of BSE-listed companies reached Rs. 240 lakh crores, Rs. 2,40,04,664.28 crores to be precise. This is a record high, as mentioned by the stock exchange. This surge has also rallied its benchmark Sensex to its lifetime high of 53,887.98 points. Moreover, investors’ wealth has also reached a …
India’s biggest public sector bank, State Bank of India (SBI), saw its stock hit an unprecedented peak, scaling 4.67 per cent compared to the prior close on the BSE, on the back of its first quarter earnings. The SBI share price touched Rs 467.3 on August 4, and gained over 66 per cent since January …
An Overview SEBI plans to invest big in technology in order to upgrade its monitoring capabilities, investigation, and policy-making capabilities. SEBI will deploy key information technology projects in the next few years that are critical to its day-to-day operations and mandate, according to the capital market regulator’s annual report for 2020-21. SEBI stated that it …
The opening bell of 4 August 2021 can be marked as a notable one as 4 companies from different industries made their Dalal Street Debut. This list included Exxaro Tiles, Windlas Biotech, Devyani International Ltd, and Krsnaa Diagnostics. The response for these IPOs has been overwhelming on the first day, as allotted shares have been …
The satellite TV arm of Tata Group is preparing to draft share sale documents with market regulator SEBI. Sources close to the matter say that Tata Sky will go for its public listing within March 2022. Tata Sky’s IPO size might range somewhere between Rs. 2,000 and Rs. 3,000 crore. This IPO would comprise both …
