Page 7 - Specified Undertaking News Today

Govt raises ₹4,000 crore from Axis Bank stake sale Updated: Updated: Share Article AAA The government has raised ₹4,000 crore through the sale of about 1.95% stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The offer for sale of Axis Bank shares, that began on Wednesday, got ‘a good response from investors with SUUTI garnering about ₹4,000 crore (subject to reconciliation),’ said DIPAM Secretary Tuhin Kanta Pandey. SUUTI, which was set up...

SGX Nifty signals a 70-point gap-down opening for Nifty

Indiabulls Housing Finance, Prism Johnson, Mas Financial Services, TCI Express, JK Tyres and Heritage Foodsare among companies that will announce their March quarter results today.

After two days of strong gains, Indian benchmark indices could take a breather amid tepid global market cues and some profit-taking at the higher levels. Although, lack of a fresh spurt in Covid cases could help cap the downside. Besides, the Q4 earnings season has been healthy so far, providing support to market sentiments. At 7.30 am, SGX Nifty was trading 80 points lower at 15,081, indicating a negative start for the benchmark indices. In the overnight session, US stocks declined for a se...

Here are the top stocks to track in todays session: Earnings Today: IOC, Indiabulls Housing Finance, JK Tyre & Industries, Tanla Platforms and Zuari Agro Chemicals are among 25 companies slated to post their March quarter results today. Tata Motors: Auto major Tata Motors reported a surprise consolidated net loss of Rs 7,605 crore for the quarter ended March 31, 2021, mainly on account of asset write downs in subsidiary Jaguar Land Rover (JLR). According to a consensus estimate of Bloomberg, Ta...

Sensex and Nifty were likely to open lower today as Nifty futures on the Singapore Exchange fell 77 points, or 0.51 per cent, at 15,083. On Tuesday, benchmark indices zoomed for the second consecutive session this week led by gains in consumer durables an

Heres breaking down the pre-market actions

Volatility struck bourses in early trade as the key benchmark indices regained positive zone soon after opening lower. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 47.04 points or 0.09% at 50,240.37. The Nifty 50 index was up 21 points or 0.14% at 15,129.10. The S&P BSE Mid-Cap index was up 0.82%. The S&P BSE Small-Cap index was up 0.69%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1573 shares rose and 673 shares fell. A total of 106 ...

Axis Bank: OFS of SUUTI oversubscribed four times on Day 1 Premium Read Full Story The centre’s bid to sell a majority part of its residual stake in Axis Bank got to a good start with the issue opening for non-retail investors on Wednesday getting over-subscribed four times of base size. “Offer for Sale of SUUTI shares in Axis Bank got good response on day one. Issue subscribed over 4 times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to ...

The domestic equity barometers ended with steep losses after a volatile session on Wednesday. The Nifty, however, managed to hold the 15,000 mark. Private banks and auto shares corrected while pharma, media and realty stocks were in demand. The barometer index, the S&P BSE Sensex, declined 290.69 points or 0.58% to 49,902.64. The Nifty 50 index lost 77.95 points or 0.52% to 15,030.15. Bajaj Finserv (down 1.68%), HDFC (down 1.68%), HDFC Bank (down 1.29%) and ICICI Bank (1.24%) were major drags....