SEBI asks PNB Housing to halt Rs 4,000 crore preferential issue of shares
Business | June 20, 2021 13:04 ISTThe company received a letter from the capital market regulator on June 18 calling it to comply with the legal provisions in the matter.
The company received a letter from the capital market regulator on June 18 calling it to comply with the legal provisions in the matter.
Shares of Reliance Industries are in huge demand, extending its winning run for the fourth day and rallying almost 10 per cent.
Shares of Reliance Industries, the country's most valuable company by market valuation, on Friday were in heavy demand and closed with a jump of 6 per cent.
Equity benchmark indices erased early gains and traded flat during early hours on January 29 ahead of the Economic Survey to be tabled in Parliament.
Eight of the top-10 most valuable firms together added Rs 1,53,041.36 crore in market valuation last week in line with a bullish broader market trend, with Hindustan Unilever Ltd and Reliance Industries Ltd becoming the biggest gainers.
Asian shares were mixed on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
Angel Broking on Friday said it will launch its initial public offering (IPO) on September 22 to raise an estimated Rs 600 crore. The company has fixed a price band of Rs 305-306 per share for its IPO, Angel Broking said in a virtual press conference.
Shares of Dr Reddy's Laboratories jumped nearly 10 per cent in early trade on Friday after the company said it has settled a litigation with a unit of Bristol Myers Squibb related to patents for Revlimid (lenalidomide) capsules, used in the treatment of cancer. Continuing its rally for the fourth consecutive day, the stock gained 9.86 per cent to Rs 5,302.85 -- its record high level -- on the BSE.
Shares of Vodafone Idea on Thursday zoomed nearly 30 per cent ahead of its board meeting on Friday to consider fund raising through various means. The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 pc.
Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.
Shares of Glenmark Pharmaceuticals on Monday tumbled nearly 6 per cent after India's drug regulator sought clarification from the company over its alleged "false claims" about the use of anti-viral FabiFlu on COVID-19 patients with comorbidities and also over the "pricing" of the drug.
Online channels are likely to account for a highest-ever 45 per cent share of smartphone sales in 2020 owing to the Covid-19 situation as people would prefer to buy devices online to maintain social distancing
Shares of Reliance Industries on Friday reversed early losses and closed over 3 per cent higher, helping the benchmark indices to finish with gains.
Yes Bank on Sunday announced that it has acquired over 24 per cent stake in Dish TV India following invocation of pledged shares due to debt default by the DTH service provider and other group firms.
Shares of Axis Bank on Wednesday zoomed over 14 per cent amid reports of fund infusion by private equity firm Carlyle.
Bank shares on Friday dropped up to 15 per cent after Moody''s Investors Service changed the outlook for Indian banking system to negative from stable.
Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the BSE. Both the companies erased their early gains and were trading with losses.
Airline stocks faced heavy headwinds on Thursday as concerns over enhanced travel restrictions amid spreading of coronavirus infections rattled investor sentiment. Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent.
This comes after Finance Minister Nirmala Sitharaman on Friday stated that the government doesn't want any telecom company to shut operations.
Equity benchmark BSE Sensex jumped over 100 points in early trade on Monday led by gains in index heavyweights RIL and ICICI Bank amid positive cues from global markets.
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