ABS Marine SME IPO is a fresh equity sale of 65.5 lakh shares and through the issue, the company aims to raise around Rs 96 crore. The issue, which closes on May 14, was fully subscribed on the first day of the bidding process.
FPIs sold shares worth ₹27,140 crore across 14 sectors in April 16-30 period. Other than financials, information technology (IT), fast- moving consumer goods (FMCG) and oil & gas sectors were among the sectors that witnessed large outflows.
IDBI Bank disclosed that it has received a GST demand order of Rs 2.97 crore, including interest and penalty, for alleged excess availment of input tax credit (ITC). The order, issued by the Dehradun state tax department for the 2018-19 fiscal year, comprises a tax demand of Rs 1.42 crore, along with interest and penalty of Rs 1.41 crore and Rs 0.14 crore, respectively. The bank stated that it is assessing suitable legal options, including filing an appeal, in accordance with the law.
The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgamation in Nov 2020. RBI has been asked to take a fresh decision on reduction of the value of shares and writing off the tier-2 bonds, based on the fresh valuation, within four months.
Explosions echoed over an Iranian city on Friday in what sources described as an Israeli attack, but Tehran played down the incident and indicated it had no plans for retaliation - a response that appeared gauged towards averting region-wide war. U.S. equity futures and Asian shares plunged, leading investors towards the safe-haven dollar.
State-owned Canara Bank on Friday said it has fixed May 15 as record date for determining shareholders' eligibility for stock split. The Reserve Bank of India (RBI) gave its go-ahead for stock split on April 16, 2024, it said. The government owns 62.93 per cent stake in Canara Bank, while public shareholders own the rest.
Among top movers, Temenos jumped 15.6% after the Swiss software firm said a "special committee" formed by its board found that accusations in a report by Hindenburg Research were incorrect and misleading. Ageas climbed 3.6% as France's BNP Paribas said it had reached an agreement with China's Fosun Group to acquire its 9% stake in the Belgian insurer Ageas.
Mahesh Sharma of the BJP emerges as the wealthiest candidate, with his assets nearly doubling over the past five years. While Mahendra Nagar from the INDIA bloc and Rajendra Singh Solanki of the Bahujan Samaj Party (BSP) don't match Sharma's wealth, they still possess significant resources. Both Nagar and Solanki have declared assets valued at Rs 8.5 crore each in their sworn affidavits.
Among major movers, shares of BP rose 1% after the company forecast its first-quarter oil and gas output as well as low-emission energy to increase quarter-on-quarter. Also limiting losses, the basic resources sector climbed nearly 1%, as Shanghai copper prices traded at record highs on optimism around positive factory data out of major economies.
Among major movers, shares of BP rose 1% after the company forecast its first-quarter oil and gas output as well as low-emission energy to increase quarter-on-quarter. Also limiting losses, the basic resources sector climbed nearly 1%, as Shanghai copper prices traded at record highs on optimism around positive factory data out of major economies.
As per the data on the BSE, Citigroup Global Markets Mauritius acquired 66.97 lakh shares amount to 1.11 per cent stake of RBL Bank. It also picked up more than 1.76 crore shares or 0.7 per cent stake in South Indian Bank.
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