Markets open strong, Nifty surpasses 19,800 mark and Sensex gains 300 points
Business | October 17, 2023 9:37 ISTSensex, the benchmark index of the Bombay Stock Exchange (BSE), joined the upward trajectory, gaining 300 points in early trade.
Sensex, the benchmark index of the Bombay Stock Exchange (BSE), joined the upward trajectory, gaining 300 points in early trade.
Despite the global steel market's unpredictability, Indian steelmakers are expected to perform well due to increased infrastructure development, urbanization, and favorable policy reforms boosting domestic steel demand.
The Rs 500-crore IPO comprises fresh issuance of equity shares worth Rs 225 crore and an offer of sale to the tune of Rs 275 crore by existing promoters and shareholders.
The sale will be done through offer for sale (OFS) through the stock exchange mechanism.
"The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value Rs 5 each of ICICI Securities Limited (company), representing up to 2 per cent of its issued and paid-up equity share capital, through an open market sale," ICICI Bank said in a regulatory filing. The sale is in accordance with the requirement of minimum public float of the company, the private sector lender said.
The alliance will enable ICICI Securities' more than 4.8 million clients to diversify their investments outside of the Indian market and access multi-asset investment opportunities through Interactive Brokers' trading platform.
New Delhi, Jul 14: EPFO today decided to appoint four fund managers including SBI and ICICI Securities to managing its corpus of Rs 3.5 lakh crore for three years beginning September 1, 2011.Besides SBI and
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