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Shares of Nestle India slipped 2 percent to Rs 2,644 on the BSE in Friday’s intra-day trade in an otherwise firm market on profit booking. The stock of the packaged foods company turned ex-date for a stock split in the ratio of 1:10, wherein 1 equity share of the face value of Rs 10 was divided into 10 equity shares of the face value of Rs 1 each. Nestle India had fixed January 5, 2024, Read More

The Securities and Exchange Board of India (Sebi) has appointed G Ram Mohan Rao as Executive Director (ED) for three years. Rao will be handling the investigation department and the internal inspection department. He has been with the markets regulator for over 25 years during which he has supervised diverse portfolios such as inspections, litigation, recovery, investor awareness, grievance redressal, etc. Before the appointment, Rao was the regional director of the Eastern Regional Office of Read More

The average initial public offering (IPO) size in 2023 shrank to Rs 867 crore from Rs 1,483 crore in 2002 and Rs 1,884 in 2021, according to a report by Prime Database. The average IPO size declined as the year was dominated by smaller-sized issues. “The average issue size is in line with the pre-pandemic figures. In between, some issuances from new-age companies came and skewed numbers. In the next year, we will have new-age Read More

Shares of Adani group companies continued to hold gains in intra-day deals on Wednesday after the Supreme Court granted the market regulator, Sebi, three more months to complete its investigation. The Supreme Court, on Wednesday, said that there were no grounds for taking away the investigation of the Adani group of companies in the Hindenburg report from the markets regulator. It granted the Securities and Exchange Board of India (Sebi) three months to complete the Read More

Shares of Lemon Tree Hotels surged 9 per cent on the BSE to hit a record high of Rs 129.30 in Tuesday’s intra-day trade amid heavy volumes driven by expectations of strong earnings. In comparison, the S&P BSE Sensex was down 0.43 per cent at 71,958 at 09:56 AM. The stock surpassed its previous high of Rs 126.80 touched on September 15, 2023. The average trading volumes on the counter more than doubled today. A Read More