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New age internet shares such as Zomato and Info Edge (naukri.com) may not make it to the benchmark NSE Nifty 50 index in the impending review next month, despite having a high market capitalization. However, Info Edge is the best possible contender for a spot in Nifty 50 in future reshuffles, ICICI Direct said in a report. Zomato too has a bright chance of making it to Nifty 50 in the future. “New large-cap internet Read More

Adani Electricity Mumbai Ltd (AEML) on Friday said it has raised USD 300 million (around Rs 2,232 crore) by issuing 10-year sustainability-linked bonds to global investors. It has announced a USD 2 billion global medium-term notes programme and is the first company in India’s energy sector to undertake fundraising through this route, a company statement said. ”AEML priced its first takedown of USD 300 million through 10-year notes under the 144A / REG S format,” Read More

Rakesh Jhunjhunwala acquired 1 crore shares or a 2.17 per cent stake in Indiabulls Housing Finance firm in the April-June quarter of FY22. Jhunjhunwala did not hold any stake in this housing finance firm in the March 2021 quarter. This comes after the ace investor raised stakes in companies such as Federal Bank, SAIL, Edelweiss Financial Services in the quarter of the current fiscal. Mutual funds also raised stake to 2.95 per cent or 1.36 Read More

Glenmark Life Sciences’, a subsidiary of Glenmark Pharmaceuticals, IPO will open for subscription next week on 27 July and close on 29 July 2021. In a notice to exchanges, Glenmark Pharmaceuticals informed that on 19 July 2021, Glenmark Life Sciences had filed the RHP with the Registrar of Companies (ROC), which has been taken on record by the ROC on 20 July 2021. Glenmark Life’s IPO size has been reduced and will now comprise fresh Read More

Global shares fell Monday amid deepening pessimism over rising COVID-19 infections in much of Asia. Oil prices dropped further after oil producing nations agreed to raise production limits. France’s CAC 40 shed 1.1 per cent in early trading to 6,388.62, while Germany’s DAX was down 1.1 per cent at 15,370.28. Britain’s FTSE 100 dipped 1.5 per cent to 6,906.69. The future for the Dow Jones Industrial Average dropped 0.8 per cent to 34,283.5. The future Read More