The Multi Commodity Exchange (MCX) on Tuesday announced its plans to launch spot exchange in base metal. In the last one and a half year, over 1,00,000 tonnes of base metal delivery happened in the bourse. But it lacked in introducing an efficient spot exchange platform. Currently, the base metal futures prices are pegged with …
The festive season is upon us, and Diwali is just around the corner. As we worship the goddess of wealth, Laxmi, on the day of Diwali, it is considered auspicious to make financial transactions on that day. It is customary for the Indian bourses to organise special trading sessions on the day of Diwali, following …
Hyderabad based Gland Pharma will launch its IPO offer on November 9. The firm received SEBI approval last month but announced the IPO launch date recently. The firm was in talks with the merchant banks to set the price band for the scrips. The subscription window will remain open till November 11. Gland Pharma is …
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 …
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 …
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 …
We can call it an end of an era. For a staggering amount of Rs 24,713, Reliance has acquired the retail chain of Future Group. For a period of over three decades, Kishore Biyani had built a retail empire that had earned him the nickname of Retail King of India. But on August 29, the baton …
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) …
Gujarat based pharmaceutical company, Alembic Pharmaceuticals Ltd., is planning stake sales of USD150 to 200 million via QIP placement. The company is trying to catch the tide when the pharma companies are registering significant growth amid COVID-19 outbreak. The pandemic condition has shifted the economy’s focus to pharmaceutical companies, and their stocks are currently rallying …
Non-banking financial company, Mahindra Finance is gearing up to enter the market on July 28 with their rights issues worth Rs 3,088.82 crores. The shares, with a face value of Rs 2 each, will be available for Rs 50 apiece. Mahindra Finance will issue 61.78 crore equity shares to raise the desired volume of capital …
