Ace investor Dolly Khanna exited Goa Carbons and Aries Agro, a smallcap fertilizers company. Goa Carbons shares have dropped about 25% and given a return of only 10%, while Aries tumbled 15% in the last six months. Khanna, on the contrary, increased her stake in Talbros Automotive Components during the September 2022 quarter.
Open FlipScammers have developed what appears to be an official Nami Cardano wallet for mobile devices, but actually functions as a phishing programme that extorts off users' assests and seed phrases. Users need to enter their seed phrase from the browser-based Nami wallet after downloading the application. The data is then stolen by the app and sent to other app makers.
Open FlipAs per reports, the Shriram Group is developing a structure for a potential bid for the state-owned lender sold through a competitive bidding procedure and is likely to submit an expression of interest (EoI) for IDBI Bank. The financier, with its headquarters in Chennai may establish a different holding company to take part in the privatization of IDBI Bank.
Open FlipAs per HDFC Securities, the price of gold in the national capital declined by Rs 261 to Rs 51,098 per 10 grams on Friday as the international market also witnessed a fall in the price of the yellow metal. Gold, in the previous trade, settled at Rs 51,359 per 10 grams. Silver also fell by Rs 692 to Rs 57,477 per kilogram from Rs 58,169 per kg.
Open FlipWith over 20,000 cryptocurrencies in circulation, choosing the right one for you can be challenging. Thus, Mudrex Coin Sets enable you to invest in crypto indices, i.e., theme-based crypto baskets, to help you make the right choice. Simply invest in sectors that are relevant to you.
Open FlipZoomcar Inc. has announced to merge with Innovative International Acquisition Corp. in order to become publicly listed at Nasdaq, through the Special Purpose Acquisition Company (SPAC) route. 💡A SPAC is a company that is created solely for the purpose of raising money through an IPO. The merger and SPAC mean the firm has a pro forma enterprise value of around $456 million.
Open FlipDue to its ability to operate in continuous trading without the requirement for a third party to settle transactions, DBS bank believes Bitcoin will continue to offer "unique" potential. An investment strategist from DBS said: “ If we just look purely on a price basis, you will see a lot of volatility and that doesn’t inform you a lot about what benefits it actually brings.”
Open FlipAxis Bank announced increased rates on fixed deposits of less than ₹2 Cr. The bank posted on its official website that the new rates will be effective from October 14, 2022. These new rates come after the modification by up to 75 basis points. Deposits maturing between 6 and 9 months, will see increased interest rates by 35 basis points, from 4.65% to 5%.
Open FlipEngineering, design and construction company, RITES Ltd, announced that it has bagged a new business order from the Bangalore Metro Rail Corporation for constructing a depot-cum-workshop for an estimated value of Rs 499.41 crore. Owing to this, the shares of RITES spiked to touch a 52-week high price of Rs 404.9 during Friday's trading session.
Open FlipThe native cryptocurrency of Ethereum, ETH, is showing signs of an upcoming rally due to a mix of technical and fundamental factors. Technically, the price of ETH is now anticipating a 35% increase by the end of October. Another bullish signal for ETH is its depleting supply in recent days. Ether supply has dropped by nearly 6,000 ETH (~$7.9 million) in just one week.
Open Flip✅ Benchmark indices erased the previous day's losses as bulls dominate D-Street on October 14. 📊 At 3:30 PM, the Sensex improved by 684.64 points or 1.20% at 57,919.97, and the Nifty was up 189.75 points or 1.12% at 17,204.10. 👉Almost all the sectoral indices closed on a positive note with Financial Services (🔼1.82%), Bank (🔼1.76%), and IT (🔼1.63%) experiencing buying.
Open FlipVolkswagen announced on Friday, that its deliveries have recorded more than 10% growth in Q3 as supply chain troubles eased. However, the increased number is still down 12.9% this year at just over 6 million vehicles. The carmaker also told that deliveries were down in every major region this year, with Europe hardest hit, followed by the Middle East and Africa.
Open FlipAs per a report, Private equity firm Everstone Capital intends to offload shareholding worth $314 Mn in NSE-listed Restaurant Brands Asia, the master franchisee of Burger King in India and Indonesia. The company is in discussion with one adviser to explore the potential sale. The Singapore-headquartered buyout firm owns a 40.9% stake in Restaurant Brands Asia.
Open FlipAsian Energy shares jumped as much as 19% after receiving a contract worth Rs161 crore for the design, supply, construction, commissioning, erection, and testing of a coal handling plant at RG OC3, Telangana. Its joint venture partner Furnace Fabrica (India) Limited has also been assigned this order under the agreement from Singareni Collieries Company Limited.
Open FlipYes Securities has worked on the second quarter (July-September 22) earnings estimates for the Real Estate sector. The brokerage anticipates Oberoi Realty to post a net profit of Rs. 466.5 crores up 75% YoY (up 15.7% QoQ). Net Sales may rise by 76.5% YoY (up 45.8% QoQ) to Rs. 1,331.1 crores. EBITDA may rise by 146 % YoY (down 297% QoQ) to Rs. 677.9 crores.
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