Sunday, October 25
The SME initial public offering (IPO) of Sat Kartar Shopping will open for public bidding on Friday, January 10. The company aims to raise Rs 33.80 crore through the fresh issue of 41.73 lakh shares and its stock will get listed on the NSE SME platform on January 17.Price band for Sat Kartar Shopping IPOThe company has fixed the IPO price band at Rs 77 to Rs 81 per share.Latest GMP for Sat Kartar Shopping IPOAhead of the issue, the company's unlisted shares were not commanding any GMP in the grey market.Sat Kartar Shopping IPO’s listing, allotment and closing dateSat Kartar Shopping IPO will open for public subscription on January 10, and the issue will close on January 14. The anchor bidding is set to open on January 9.Meanwhile, the allotment for the IPO is expected to be finalized on
Mumbai: The Indian arms of the Big Four — Deloitte, PwC, EY and KPMG — outpaced their global parents in FY24 revenue growth numbers, fuelled by strong demand for consulting and tech consulting services, with their combined revenue expected to surpass Rs 45,000 crore by FY25 at the current run rate.The Indian outposts scored an estimated Rs 38,500-38,800 crore in FY24, as per industry assessments by two professional services firms that were independently verified by ET.Globally, the firms recorded moderate revenue growth in FY24 (in US dollar terms): KPMG led with 5.4% ($38.4 billion), followed by EY at 3.9% ($51.2 billion), PwC at 3.7% ($55.4 billion), and Deloitte at 3.1% ($67.2 billion), as per the numbers made public by them.Their Indian arms reported significantly higher net growth
Mumbai: Overseas investors sold Indian equities worth ₹15,569 crore across 10 sectors between December 16 and 30. The oil & gas sector witnessed the highest outflows worth ₹5,489 crore, after foreign investors sold ₹5,337 crore in the first half of the month. Between January and November, foreign investors offloaded shares worth ₹45,514 crore. "While the FPI selling has been across sectors, oil & gas is likely to have witnessed outflows as Reliance, which is a major stock in the sector, has been an underperformer in the last few months," said Siddharth Bhamre, head of institutional research at Asit C Mehta Intermediates. Bhamre said that oil marketing companies such as HPCL and BPCL are witnessing profit booking after gains, and stocks such as Indraprastha Gas and Mahanaga
Mumbai: State-owned banks tumbled in Monday's trading after Union Bank of India said its deposit growth declined 2% sequentially for the third quarter ending December, raising concerns over the business prospects of these lenders. The Nifty PSU Bank index plunged over 4% during the session, while the benchmark Nifty declined 1.6%.Shares of Union Bank of India dropped 7.8% while Bank of Baroda and Punjab & Sind Bank slid 5.9% and 5.2%, respectively. Punjab National Bank, Indian Overseas Bank, Bank of Maharashtra and Bank of India tumbled over 4% each. All twelve stocks of the Nifty PSU Bank Index ended lower on Monday.117006658PSU vs Private banks"The 2% decline in deposit growth on a sequential basis for Union Bank led to the nosedive in public sector (PSU) bank stocks which indicates
More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are participating at the expo, Joint Secretary at Ministry of Commerce and Industry Vimal Anand said here at the sidelines of curtain raiser of 'Bharat Battery Show' which will also be a part of the Bharat Mobility Global Expo 2025. "Last year the mobility show was only held at Bharat Mandapam, but this year, we have multiplied it by three times and we are going to organise it at not only Bharat Mandapam, but also at Yashobhoomi (India International Convention Centre,
