Sovereign Gold Bond Scheme: Issue price fixed at Rs 5,926/gm; subscription opens on Monday
Goaled
by Usina
3M ago
The first tranche of the Sovereign Gold Bond Scheme 2023-24 will be available for subscription from June 19-23, 2023, at an issue price of INR 5,926 per gram of gold. The government has decided to offer a discount of INR 50 per gram to investors who apply online and make payments through digital mode. The bonds will be sold through banks, designated post offices, and recognized stock exchanges. The scheme was launched in November 2015 to reduce demand for physical gold and increase financial savings. Bonds are denominated in multiples of grams of gold, with a basic unit of 1 gram. The first t ..read more
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Liquor manufacturer Jagatjit Industries to invest Rs 210 cr on setting up grain-based ethanol plant in Pun
Goaled
by Usina
3M ago
Jagatjit Industries Ltd, a leading liquor manufacturing company, has announced plans to invest ₹210 crore in setting up a grain-based ethanol production plant in Punjab. The move is in response to the increasing demand for green fuel, which is blended with petrol. Jagatjit Industries, founded in 1944, is known for its production of Indian Made Foreign Liquor (IMFL) and country liquor. The company, listed on the Bombay Stock Exchange, currently operates manufacturing facilities in Kapurthala, Punjab, and Behror, Rajasthan. According to Roshini Sanah Jaiswal, Promoter and Chief Restructuring Off ..read more
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SME IPOs catch investors’ fancy; 87 hit primary market to raise Rs 1,460 crore in Jan-September
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by Usina
3M ago
A total of 87 small and medium enterprises (SMEs) have raised Rs 1,460 crore through initial public offerings (IPOs) in the first nine months of the year, driven by strong performance of past IPOs. This is significantly higher than the 56 companies that raised Rs 783 crore through IPOs in the entire 2021. The remaining part of 2022 is expected to see more mature companies accessing the platform, with tech-based and larger broking players playing a major role in developing the SME platform. The SME segment is not impacted by market bearishness, and there is a healthy pipeline of IPOs expected ..read more
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Zee Entertainment’s merger with Sony Pictures Networks gets NSE & BSE approval
Goaled
by Usina
3M ago
Zee Entertainment Enterprises Ltd (ZEEL) announced on Friday that it has received approval from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for its proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India). This approval is an important step in the overall merger process, allowing ZEEL to move forward with the next steps. However, the composite scheme of arrangement still needs to obtain regulatory and other approvals. Last December, ZEEL and Sony Pictures Networks India signed definitive agreements for the merger after a period ..read more
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BSE to divest 2.5% stake in CDSL through OFS route
Goaled
by Usina
9M ago
The Bombay Stock Exchange (BSE), the oldest stock exchange in India, announced on Tuesday that its board has approved the sale of a 2.5% stake in Central Depository Services (India) Ltd through an Offer for Sale (OFS) route. On the same day, the shares of CDSL closed 0.73% lower at Rs 1,002.50 on the NSE, while BSE saw a decline of 0.98% to settle at Rs 493.50. CDSL generates its revenue from transaction charges, account maintenance charges, settlement charges paid by depository participants, as well as annual fees, corporate action, and e-voting charges paid by companies whose securities are ..read more
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Food giant Wilmar vows to stand by venture with Adani Group
Goaled
by Usina
9M ago
Wilmar International Ltd., the food giant, has announced its continued support for its joint venture with India’s Adani Group, stating that a recent report from Hindenburg Research did not raise any specific issues regarding the unit. The day-to-day operations of Adani Wilmar Ltd. are overseen by an independent team of professional managers, with an independent director chairing the board, according to Wilmar’s response. Wilmar brings expertise in commodity and consumer-food-products businesses, while Adani offers local logistical and regulatory support. The Adani Group, led by Gautam Adani, h ..read more
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ETMarkets Trade Talk: This 3rd generation Marwadi trader tells how to cope with market loss
Goaled
by Usina
9M ago
NEW DELHI: Making money in the stock market is no easy feat, but Jyoti Budhia, a third-generation Marwadi trader, claims she didn’t face much difficulty in mastering this skill. She credits the support from experienced brokers – her parents and grandparents – for her success. Budhia reveals that despite facing tough times, she only grew stronger. Budhia, who is the Director of BK Training, officially began her stock market journey when she turned 18. She shares that until then, she was only allowed to visit the Bombay Stock Exchange Ring (outcry system or pit) on Diwali day, as family members ..read more
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Proposed HDFC-Bank merger receives stock exchanges’ clearance
Goaled
by Usina
9M ago
The merger between HDFC Bank and its parent company HDFC is moving closer to completion, as the proposal has been accepted by the National Stock Exchange and Bombay Stock Exchange, who have stated that they have “no objection”. HDFC confirmed this in a regulatory filing, stating that they have received observation letters from both exchanges with no adverse observations or objections. However, the amalgamation scheme still requires various statutory and regulatory approvals, including those from the Competition Commission of India, Reserve Bank of India, the National Company Law Tribunal, as w ..read more
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How One Can Become A Stock Broker in India
Goaled
by Yash Setpal
2y ago
A Stock Broking Career can be a lucrative one if done the right way. In this post, you will know the process of becoming a stockbroker, the required documents, the eligibility criteria, what stockbrokers do, how much the earning potential is, and more. The Application Process You may apply in person, or online. If planning to visit in person, call beforehand to enquire due to the Covid-19 situation. The application form may be received from the office during your visit or downloaded from the following link: https://www.sebi.gov.in/acts/stockreg1.pdf For new membership, submit a completed app ..read more
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Paper Trading: Meaning, Advantages, Disadvantages, How-to, and more
Goaled
by Yash Setpal
2y ago
What is paper trading, and how does it work? In an institutional context, paper trading is more prevalent. Virtual Trading is what we call it in the trading world. The word ‘paper trading’ originated from the stock market, when investors who wished to practice would write down their investment ideas on paper and watch the market to see whether their predictions were correct. However, all beginning traders have hesitancy when it comes to making trades and apprehension over losing money. Paper trading has no risk since it costs nothing, and you can’t lose money due to poor judgments or timing ..read more
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