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Piramal Enterprises Ltd on Monday said the administrative committee of its board of directors has approved raising up to Rs 500 crore through issue of non-convertible debentures on a private placement basis. The committee at its meeting held on Monday approved issue of non-convertible debentures (NCDs) of up to Rs 100 crore along with an option to retain over subscription of up to Rs 400 crore, aggregating up to Rs 500 crore, Piramal Enterprises said Read More

International oil prices retreated from an over seven-year high but was still above USD 100 a barrel and continue to pose threat to India’s inflation rate and current account deficit. While there are no supply concerns as the oil route remained open, consumers will feel the pinch when PSU oil firms start passing on the increase in international rates through a revision in petrol and diesel prices, which have been on a pause for over Read More

FMCG company Bikaji Foods International, one of the largest manufacturers of ethnic snacks and sweets in the country, filed its draft red herring prospectus with capital markets regulator SEBI on Wednesday. The company said it will offer for sale 29,373,984 shares through which promoters Shiv Ratan Agarwal and Deepak Agarwal will be selling 25 lakh shares each. Along with the promoters, investment firm IIFL Securities and private equity firm Lighthouse Advisors , who are investors Read More

Commodity prices traded mixed with most of the commodities in non-agro segment kept volatile trading for the week. Bullion prices continued to soar on geopolitical risk while crude oil prices declined on eased supply worries over Iran nuclear talks. Base metals ended higher on strong demand and lower inventory levels along with weaker dollar. Gold prices traded higher with spot gold prices at COMEX rallied by 2.13% to $1898 per ounce for the week. Gold Read More

Domestic markets have been choppy so far this year amid heightened volatility owing to various global and domestic factors at play. The S&P BSE Sensex and the NSE Nifty 50 are both down nearly 7% from their all-time highs and are trading with losses on a year-to-date basis. Although the environment has been volatile the recently concluded earnings season saw a large number of companies announce dividends. Companies that will go ex-dividend in the coming Read More