Sunday, April 27
The shares of Standard Glass Lining will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 50 in the grey market.Considering the upper price band of Rs 140, the stock is expected to list at a premium of 36% over the issue price.However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.The IPO of Standard Glass Lining, which is a fresh equity sale worth Rs 210 crore and an offer for sale (OFS) of Rs 200 crore, received overwhelming response from investors with an overall subscription of 185 times at close.Standard Glass Lining Technology (SGLT) is one of India’s top five specialized engineering equipment manu
Incoming senior Trump administration officials have begun questioning career civil servants who work on the White House National Security Council about who they voted for in the 2024 election, their political contributions and whether they have made social media posts that could be considered incriminating by President-elect Donald Trump's team, according to a U.S. official familiar with the matter. At least some of these nonpolitical employees have begun packing up their belongings since being asked about their loyalty to Trump - after they had earlier been given indications that they would be asked to stay on at the NSC in the new administration, the official said, speaking on the condition of anonymity to discuss sensitive personnel matters. Trump's pick for national security adviser, F
India's Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country's nascent private space sector, Pixxel's chief told Reuters. The satellites will be placed in a sun-synchronous orbit at roughly 550 km, with the remaining three slated for deployment in the second quarter of the year. The launch is scheduled to take place at the Vandenberg Space Force Base at around 10:45 a.m. Pacific Time (1845 GMT) on Tuesday - just after midnight the next day in India - subject to final approvals. Pixxel's founder and chief executive Awais Ahmed told Reuters that it plans to add 18 more spacecraft to the six it has already developed, eyeing a share of the satellite imaging market projected to reach $1
A reasonable negative candle was formed on the Nifty daily chart, with a gap down opening and with a long upper shadow. Technically, this pattern indicates a decisive downside breakout of a symmetrical triangle pattern with lack of strength to bounce back. The immediate support of 23,260 has been violated on the downside and the market is now placed to slide further lows.The underlying trend of Nifty continues to be weak. Nifty is on the way down to the next lower support of around 22,800-22,700 levels . Any pullback up to 23,350 could be a sell-on-rise opportunity, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 23,300 and 23,200 strike prices, while on the put side, the highest OI was at 23,000 strike price.What shoul
ET Intelligence Group: A CEO is often the first casualty when a consumer company in India starts underperforming. And the new CEO is often someone who has had a notable stint working in MNCs such as Unilever, Pepsi or Mondelez. Avenue Supermarts (DMart) roping in a new CEO is a case in point here. CEO Neville Noronha is stepping down after spending more than two decades at the company and he is being replaced by Anshul Asawa, who has had a 30-year stint at Unilever. A similar trend of roping in a CEO from an MNC was seen in the case of Tata Consumer Products, Godrej Consumer Products, Colgate-Palmolive India, Jubilant Foodworks, United Breweries and, more recently, Nestle India.In April 2020, Ajoy Misra, a Tata Group veteran stepped down as the CEO and managing director of Tata Consumer Pr
