Prince Pipes to launch IPO on Dec 18 with price band at Rs 177-178

Prince Pipes and Fittings will launch its initial public offering on December 18 with a price band of Rs 177-178 per share. The Rs 500-crore IPO comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 250 crore. The issue will open on December 18 and close on December 20. […]

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Tata Motors share price up 6% as Boris Johnson wins UK election

Tata Motors share price gained for the third consecutive session, rising 6 percent in the morning trade on December 13, amid hopes that the Brexit could happen by January as exit polls predicted a big win for Prime Minister Boris Johnson is the UK election. The stock was the second top BSE gainer, rising more […]

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Navin Fluorine announces Rs 450-crore project, share price rises 3%

share price rose more than 3 percent intraday on December 13 after the company announced a Rs 450-crore investment in a new project in Gujarat’s Dahej. The company was planning a capex programme at Dahej through a wholly owned subsidiary with an estimated aggregate capital outlay of over Rs 450 crore over the next three-four […]

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DLF share price at 52-week high after Jefferies adds stock to its portfolio

DLF share price gained 2 percent in the morning trade on December 13 after Jefferies’ Christopher Wood in his GREED & Fear report said he will introduce investment in the Delhi-based real estate company with a 5 percent weightage. The stock touched a fresh 52-week high of Rs 229.50 on the BSE. It has rallied […]

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Prakash Industries up 5% on winning bid for a coal mine

Prakash Industries shares rose 5 percent in the early trade on December 12 after the company declared that its bid for the Bhaskarpara coal mine has been successful. The company had participated in the eighth tranche of coal blocks auction conducted by Coal Ministry and emerged as the highest bidder for the Bhaskarpara Coal Mine […]

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Cipla share price up 2% after associate firm submits application to USFDA for IV tramadol

Cipla share price added more than 2 percent in the morning trade on December 12 after the pharmaceutical major announced submission of application for intravenous (IV) tramadol with USFDA. Avenue Therapeutics Inc submitted a new drug application to the United States Food and Drug Administration (USFDA) for IV tramadol for managing moderate to moderately severe […]

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Adani to sell 25.1% in Mumbai power distribution biz to Qatar Investment Authority

Mumbai: Adani Transmission Ltd on Wednesday said it will sell 25.1% stake in its arm Adani Electricity Mumbai Ltd (AEML) to Qatar Investment Authority for around ?3,200 crore. “Adani Transmission Ltd (ATL), Adani Electricity Mumbai Ltd (AEML) and a subsidiary of Qatar Investment Authority (“QIA”) have signed definitive agreements for the sale of a 25.1% […]

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Piramal, IIFL Wealth to offer ?2000 crore last-mile funding to realty projects

Bengaluru: Piramal Group and IIFL Wealth Management Ltd on Wednesday said that they will co-invest in an alternative investment fund (AIF), which will back projects that are at an advanced stage and need last-mile funding. The AIF with a target corpus of ?2,000 crore, will provide capital to established developers in key cities. The market […]

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Saudi Aramco surges 10% in trading debut to hit $1.88 trillion market value

DUBAI/LONDON : Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 am in Riyadh as […]

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Yes Bank share price falls 6% after board meet; Nomura maintains neutral

Yes Bank share price fell more than 6 percent in early trade on December 11 after the bank’s board said it is considering Citax Holdings’ $500 million offer. As per the company’s release, Yes Bank is “favourably” considering the offer of Citax Holdings and Citax Investment Group and the final decision regarding allotment will be […]

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