Commtel Networks Files Draft Papers with SEBI for Rs 900 Crore IPO Commtel Networks, a tech company specializing in designing, building, and implementing integrated telecommunication, security, and safety (iTSS) systems, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise Rs 900 crore via an initial public […]
Nifty Snaps Eight-Day Losing Streak; Positive Momentum To Sustain The benchmark indices on Wednesday snapped their eight-day losing streak and ended in green. While Indian equity markets were closed on Thursday, analysts expect positive momentum to sustain on Friday, supported by an accommodative monetary policy, favourable monsoon season and festive-led boost in demand. According to
Ashoka Buildcon Acquires Majority Stake in JTCL for Rs 166 Crore Ashoka Buildcon, a leading Indian infrastructure development company, has announced the acquisition of a majority stake in Jaora Nayagaon Toll Road Company Private Limited (JTCL) for a consideration of Rs 166 crore. This strategic move is expected to strengthen Ashoka Buildcon’s presence in the
Asian Stocks Rise, Technology Firms Rally In Japan: Markets Wrap Asian stocks rose at the open, poised for their fourth gain in five weeks, as optimism around artificial intelligence propelled global equities to fresh records. Stocks in Japan gained 1% with Hitachi Ltd. and Renesas Electronics Ltd. among the winners. That came after global equities
Oil Prices Set For Large Weekly Loss Ahead Of OPEC+ Meeting On Supply Oil prices are on track for their biggest weekly decline since late June, ahead of an OPEC+ meeting that’s expected to result in the return of more idled barrels, exacerbating concerns around oversupply. Current Market Trends Brent traded near $64 a barrel,
Gold Price Holds Steady Above Rs 1,17,000 Gold prices today were trading at stable levels above the Rs 1,17,000 mark, amid the festive season. The Central Bank on Wednesday had maintained the repo rate at 5.5% and retained the neutral stance. Gold ahead of the decision has prices surged had to a fresh high of
Nifty’s Short-Term Bottom Likely In Place — Time To Go Long? October kicked off on an upbeat note, much like September’s start, bringing cheer to the markets. On the very first trading session of the month, the benchmark Nifty 50 snapped its eight-day losing streak and closed decisively above the 24,800 mark, gaining 225 points,
TruAlt Bioenergy IPO Listing Today: What You Need to Know The much-anticipated initial public offering (IPO) of TruAlt Bioenergy Ltd. is set to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, October 3. The IPO, which was oversubscribed 65.01 times, has generated significant buzz among investors and traders. In
Jinkushal Industries IPO Listing Today: What to Expect Shares of Jinkushal Industries Ltd. will be listed on the BSE and NSE on October 3. The allotment of shares was completed on September 30, while the subscription window was open from September 25 to September 29. The initial public offer of Jinkushal Industries Ltd. was subscribed
Nifty Consolidation Near Key Support Levels: Will This Spark The Next Big Rally? The Nifty 50 index continues to consolidate within a newly defined range, with no change in outlook, according to the latest technical note by CLSA’s Laurence Balanco. The index is currently trading between 24,337–24,432 on the lower end and 25,448–25,669 on the