RITES Lists At 3% Premium To Issue Price

Gold Silver Reports (GSR) – RITES Lists At 3% Premium To Issue Price – Shares of Rail India Technical and Economic Services (RITES), the country’s first railway PSU, made a positive stock market debut after it raised Rs 460 crore via selling its shares through initial public offering (IPO).

READ MORE…

Fine Organic Makes A Positive Stock Market Debut

Gold Silver Reports (GSR) – Fine Organic Makes A Positive Stock Market Debut – Fine Organic Industries’ made a positive stock market debut after it raised Rs 600cr via selling its shares through initial public offering (IPO)……. Fine Organic-Industries opened at ₹815, up 4 percent over its issue price of ₹783 and …

READ MORE…

Former IAS Girish Chaturvedi To Take Over As ICICI Bank Chairman Tomorrow

Gold Silver Reports (GSR) – Former IAS Girish Chaturvedi To Take Over As ICICI Bank Chairman Tomorrow – Former IAS officer Girish Chaturvedi has been selected as the director on ICICI-Bank board…..

He will take over as non-executive part-time Chairman of the bank after MK-Sharma retires tomorrow…, subject to regulatory approvals.., ICICI Bank said.

READ MORE…

Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits

Gold Silver Reports (GSR) – Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits — Indian equity benchmarks declined for second straight day as June derivative contracts expired….. Rupee (₹) declining to a record low coupled with escalating global trade tensions added to the negative sentiment.                

READ MORE…

KRBL Slides After Report On Former Director’s Role In AgustaWestland Case

Gold Silver Reports (GSR) – KRBL Slides After Report On Former Director’s Role In AgustaWestland Case – Shares of the food processing company fell as much as 20.3 percent to Rs 373.50. — The company’s former director Gautam Khaitan was arrested by the enforcement directorate (ED) in connection with the AgustaWestland case, according to a report by The Sunday Guardian.

READ MORE…

Mutual Fund Investments in Debt Securities Lowest in 5 Years

Gold Silver Reports (GSR) – Mutual Fund Investments in Debt Securities Lowest in 5 Years – Mutual funds pulled out ₹ 14,085.55 crore from debt securities in May, regulatory data showed, shifting to equities amid rising bond yields and higher fixed deposit rates. According Securities and Exchange Board of India (Sebi), this is the lowest mutual fund investment in debt markets since July 2013. In comparison, debt securities saw mutual fund inflows of ₹ 20,164.82 crore in April and ₹ 9,514.37 crore in May 2017.

READ MORE…