Thu, Oct 5, 2023 3:40 PM
✅Sensex surges 405 points at the Close; Nifty near 19,500
A Flip by Shubhangi Gupta
The FirstCry IPO will see Ratan Tata selling all his 77,900 shares in the company. Tata had bought 0.02% in preference shares at a price of Rs 84.72 a share, amounting to an investment of around Rs 66 lakh. Besides Tata, SoftBank will sell 20.3 million shares — the highest among all existing investors — while Mahindra & Mahindra (M&M) plans to sell 2.8 million.
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Services sector raced ahead in company registrations in the just-ended financial year, reflecting the rapid formalization of a segment with few entry barriers. While services accounted for 71% of the 185,300-plus new companies registered in FY24, industry made up less than a fourth, while the farm sector accounted for about 6%.
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BSE and NSE will remain closed on May 1 on account of Maharashtra Day (Labour Day). Trading in derivatives, equities, SLBs, and currency derivatives, as well as in interest rate derivatives will remain shut for the day. The commodity derivatives segment will remain closed in the morning session - from 9am to 5pm, while the evening session will remain open from 5pm to 11.55pm.
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