AICTPL USD bond issuance oversubscribed ten times
Mon, Dec 28, 2020 2:46 PM

AICTPL USD bond issuance oversubscribed ten times

Adani International Container Terminal Pvt Ltd (AICTPL) on Monday said its maiden $300 million bond issuance witnessed 10 times oversubscription. AICTPL, a JV between Adani Ports and Special Economic Zone (APSEZ) and Terminal Investment Ltd (TIL), is a container terminal operating company based out of Mundra, having an annual capacity of handling over 3.1 million TEUs.

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SEBI to auction properties of Sunheaven Agro on January 18
Mon, Dec 28, 2020 2:38 PM

SEBI to auction properties of Sunheaven Agro on January 18

Markets regulator Sebi will auction properties of Sunheaven Agro India Ltd on January 18 at a reserve price of Rs 9.4 crore in order to recover investors' money. Sunheaven Agro had garnered funds from more than 7,700 investors through issuance of redeemable preference shares without complying with public issue norms. The properties to be auctioned are land parcels and a building in Kolkata.

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TCS share hits an all time high, 35% up in 2020
Mon, Dec 28, 2020 2:30 PM

TCS share hits an all time high, 35% up in 2020

Shares of Tata Consultancy Services (TCS), India's largest IT services climbed 1.3% intraday to hit an all-time high of ₹2,948 per share on NSE with market capitalisation of ₹11.03 lakh crore. The shares of the IT companies are on a record-breaking spree after Infosys and Wipro announced large deal wins. Analysts believe, that could further accelerate the IT sector's momentum.

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Bitcoin faces regulatory scrutiny after record-breaking rally
Mon, Dec 28, 2020 2:17 PM

Bitcoin faces regulatory scrutiny after record-breaking rally

For Bitcoin, 2020 has been a marvellous time. The cryptocurrency almost quadrupled, surpassing $20,000 for the first time as it notched record after record. However, along with capturing enormous attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the U.S. at online-trading platform eToro.

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Asian Granito eyes huge growth from export biz in FY21
Mon, Dec 28, 2020 2:15 PM

Asian Granito eyes huge growth from export biz in FY21

Asian Granito India (AGIL) eyes exponential growth from exports business in the current fiscal. Growth is expected to be driven by Anti-China sentiments, reduction in gas prices and robust export orders from the USA, Europe, UK and the Middle East which are driving the company's export business in the current fiscal. AGIL expects to get further momentum in the coming months.

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TCS crosses ₹11 trln in market capitalisation
Mon, Dec 28, 2020 2:08 PM

TCS crosses ₹11 trln in market capitalisation

Tata Consultancy Services Ltd's market capitalisation surged past ₹11 trillion on Monday, making it the second Indian firm after Reliance Industries Ltd to achieve this milestone. Shares of TCS jumped nearly 1.2% intraday to hit an all-time high of ₹2942 a piece on the BSE with a market capitalisation of ₹11.03 trillion. So far, this year, the scrip has surged 36%.

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Antony Waste Handling Cell IPO allotment status likely this week
Mon, Dec 28, 2020 1:49 PM

Antony Waste Handling Cell IPO allotment status likely this week

Antony Waste Handling Cell, after consultation with merchant bankers, is expected to finalise the IPO basis of allotment this week. The Rs 300-crore public issue closed on December 23, with the subscription of 15 times. As per the schedule available in the prospectus, the finalisation of basis of allotment with the designated stock exchange will take place around December 29, 2020.

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Adani Ports jumps, crosses ₹1 trillion in market capitalisation
Mon, Dec 28, 2020 1:48 PM

Adani Ports jumps, crosses ₹1 trillion in market capitalisation

Adani Ports and Special Economic Zone Ltd crossed ₹1 trillion in market capitalisation for the first time on Monday after its shares hit a record high, having rallied more than 34% so far this year. The stock hit an all time high of ₹492.85 apiece on the BSE today, rising nearly 3% from its previous close. At 1239 pm, the scrip traded at ₹492.79, with a market cap of ₹1.01 trillion.

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Chinese citizen journalist jailed for 4 years for Wuhan virus report
Mon, Dec 28, 2020 12:57 PM

Chinese citizen journalist jailed for 4 years for Wuhan virus report

A Chinese citizen journalist was jailed for 4 years for her livestream reporting from Wuhan as the Covid-19 outbreak unfurled, her lawyer said Monday, almost a year after details of an "unknown viral pneumonia" surfaced in the central China city. Zhang Zhan, a former lawyer, was sentenced at a brief hearing in a Shanghai court for allegedly "picking quarrels and provoking trouble" for her report.

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Paisalo Digital share price zooms 17% to hit 52-week high
Mon, Dec 28, 2020 12:09 PM

Paisalo Digital share price zooms 17% to hit 52-week high

Paisalo Digital share price zoomed 17% intraday on December 28 after SBI Life Insurance bought 38 lakh shares of the company. SBI Life Insurance on December 24 acquired 8.99 percent stake in non-deposit taking NBFC Paisalo Digital for Rs 186.20 crore. The open market transaction involved the acquisition of 38 lakh shares at Rs 489.99 each.

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Uttam Sugar Mills to redeem 3 lakh preferential shares
Mon, Dec 28, 2020 12:02 PM

Uttam Sugar Mills to redeem 3 lakh preferential shares

Uttam Sugar Mills Limited decides to redeem 3 lakh, 6.50% NonCumulative Redeemable Preference Share of Rs100 each. “The Preference Share Redemption Committee of the Board of Directors of the company at a meeting held on December 24, 2020, decided to redeem 3,00,000, 6.50% NonCumulative Redeemable Preference Share of Rs100/- each,” company said in a regulatory filing on Friday.

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Dixon's subsidiary Padget Electronics to manufacture Motorola smart phone
Mon, Dec 28, 2020 11:50 AM

Dixon's subsidiary Padget Electronics to manufacture Motorola smart phone

Dixon's wholly-owned subsidiary- Padget Electronics has signed an agreement with Motorola for manufacturing of smartphones. The Products will be manufactured at Padget's manufacturing facility situated at Noida, Uttar Pradesh. Atul B. Lall, Vice Chairman & Managing Director- Dixon said, "With nearly a century of existence in the market, the legacy and standing of Motorola is unparalleled."

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Birlasoft recognized as India’s Most Admired & Valuable Power Brand Company
Mon, Dec 28, 2020 11:47 AM

Birlasoft recognized as India’s Most Admired & Valuable Power Brand Company

Birlasoft Ltd, part of the USD 2.4 billion diversified, The CK Birla Group was recognized as India’s Most Admired & Valuable Power Brand Company for the year 2020, at the India Leadership Conclave & Awards 2020. The India Leadership Conclave (ILC) 2020 conferred awards on those companies and individuals who have shown remarkable resilience and achievements in a very tough and hostile environment.

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We just need 30 seconds of your time!
Mon, Dec 28, 2020 11:40 AM

We just need 30 seconds of your time!

As we are about to enter 2021, we are gearing up to make business & financial news and information easy and accessible for everyone! We have just started on our journey to build an eco-system of financial literacy in India and we have miles to go to achieve our dream! We are working almost 24*7 to achieve this huge goal and we just need few good words from you to keep us motivated :)

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Hyderabad Police Asks Google To Eject Over 100 Loan Apps Over Abuse
Mon, Dec 28, 2020 11:25 AM

Hyderabad Police Asks Google To Eject Over 100 Loan Apps Over Abuse

Looking to crack down on instant loan apps facing scrutiny over harassing defaulters, Telangana Police had asked Google to remove 158 unauthorised lending apps from the Google Play Store. This comes after complaints against representatives of loans apps harassing borrowers along with cases of suicide after collection agents contacted relatives and friends that they have defaulted on loans.

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