Stocks To Watch- Voltas, JSW Steel, ONGC, Tata Steel, Religare Enterprise, One97 Communication

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded flat as the index was up 105.50 points or 0.48% at 21,955.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 64.55 points or 0.30% to settle at 21,782.50, while the BSE Sensex closed 167.06 points or 0.23% higher to 71,595.49.

Stocks to Watch on February 12, 2024

JSW Steel

Stocks To Watch: Hindustan Zinc, Suzlon Energy, Glenmark Pharma, Hindustan Aeronautics, Vedanta Stocks To Watch: Berger Paints, Vodafone Idea, ONGC, IRFC,…

Crude oil heads for weekly gains after Israel rejects ceasefire offer

Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures slipped 1 cent to $81.62 a barrel by 0334 GMT, while U.S. West Texas Intermediate crude futures rose 3 cents to $76.25 a barrel.

Both benchmarks rose about 3% in the previous session as Israeli forces bombed the southern border city of Rafah on Thursday after Prime Minister Benjamin Netanyahu rejected a proposal to end the war in the Palestinian enclave. The tensions have kept oil prices elevated, with Brent and WTI both set to gain more than 5% for the week.

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Crude oil edges up with slim progress in Gaza peace talks

“The move yesterday see…

Stocks To Watch- Zomato, DLF, Sanofi, JSPL, Shriram Finance, UPL, Cochin Shipyard, RVNL

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 46.50 points or 0.21% at 22,213 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 48.85 or 0.22% to settle at 22,104.05 while the BSE jumped 111.67 points or 0.15% to 72,776.14.

“Though the market reversed from the day’s low and ended up with a marginal gain, investors remain concerned over the progressing general election and high valuation. An absence of major positive triggers and the flight of FIIs from the domestic market will keep the short-term trend w…

Microfinance arm may hit IPO market in next 12 months- Muthoot Finance MD

Belstar Microfinance, a subsidiary of Muthoot Finance is likely to launch an initial public offering in the next 12 months, Managing Director George Alexander Muthoot said. He tells Ajay Ramanathan that the company has requested the Reserve Bank of India (RBI) for a deposit license.

Q. You recently launched business loans for MSMEs. What is your strategy on this segment?

A. We recently started business loans for the MSME segment. It is at a nascent stage and we have started operations in 15 cities today. While we have not fixed a target, we will probably hit Rs 150 crore of assets by the end of this financial year. This portfolio size will rise as we launch operations in more cities.

Tata Tech’s Rs 3,042.5 cr IPO subscribed 14.85 times day two of subscription

The initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 14.85 times on the second day of subscription on Thursday.

This is the first company from the Tata Group to float an Initial Public Offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in the year 2004.

The Rs 3,042.5 crore initial share sale received bid for 66,87,31,680 shares against 4,50,29,207 shares on offer, as per NSE data.

Meet the daught…

T+0 by March, instant a year later- Sebi

The Securities and Exchange Board of India (Sebi) board on Saturday did not make any changes to existing delisting regulations, citing insufficient data. “Since the number of delisting applications over the five years was small, the data was quite limited to draw significant conclusions. Therefore, the board suggested we go back and gather more data, and undertake further consultations,” said Sebi chairperson Madhabi Puri-Buch, speaking to the press following the board meeting.

Earlier, it was expected that the market regulator would make changes in the delisting regulations because companies and even legal experts have said that the process of delisting is rather complex. And even a small set of investors are able create significant hurdles to the process.

Federal Bank’s arm Fedfina, IREDA get nod from Sebi to float IPOs

Four firms — Fedbank Financial Services, Indian Renewable Energy Development Agency, EPACK Durable and Suraj Estate Developers — have received capital markets regulator Sebi’s approval to raise funds through initial public offerings (IPO).

These companies, which filed preliminary IPO papers with Sebi between July and September, obtained the watchdog’s observation letters between October 30 and November 10, an update with the regulator showed on Monday. In Sebi’s parlance, its observations mean its nod to float the IPO. Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal B…

Boeing Names New CEO Amid Major Financial Losses

Boeing named a longtime aerospace industry veteran on Wednesday as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems.

Robert “Kelly” Ortberg, a former CEO at aerospace supplier Rockwell Collins, will succeed David Calhoun, 67, as CEO and president effective Aug. 8, the company said. Calhoun announced in March that he would retire at the end of the year.

Boeing named its new CEO as it reported a loss of more than $1.4 billion on falling revenue during the second quarter. The loss was wider and revenue lower than Wall Street expected, as both Boeing’s commercial-airplanes business and defense unit lost money.

The disappointing results come at a tumultuous time for Boeing. The company agreed to ple…

Why Elon Musk’s Very Public Dismissal of a Disabled Employee Could Be Costly

Haraldur “Halli” Thorleifsson spent nine tense days unsure whether his job at Twitter had been terminated before he decided to tweet at owner Elon Musk on Monday, asking for an answer. What ensued was a public spat on the platform, during which Musk questioned Thorleifsson’s work ethic and disability, and accused him of seeking a “big payout.” Within a day, Musk was forced to backtrack and issue an apology to Thorleifsson, as it emerged that terminating his employment could be very costly for Twitter.

Thorleifsson joined Twitter when the company acquired his startup in 2021, under the leadership of co-founder and then CEO Jack Dorsey. He was celebrated by the media in Iceland, where he lives, for choosing to receive the purchase price as salary, rathe…

Working Together Keeps Saving the World

Early in the pandemic, experts projected that the world economy could shrink by almost 10% in 2020. Yet what played out was a contraction of 3.1%—still a huge loss of output, but not nearly as dire. To a large extent, this was due to international cooperation. Countries came together to diagnose the problem: a simultaneous shock to supply and demand. This meant that standard policy responses would not be sufficient. That’s why policy-makers took extra-ordinary fiscal and monetary measures to support businesses and households. Without this coordinated response, we would have faced another Great Depression. And without the global collaboration of scientists and health authorities, we would not have had effective vaccines in record time. When crisis strikes, as it has so often …