The shares of Tolins Tyres debuted at the bourses on Monday with a premium of 0.44%. The stock listed at Rs 227 on BSE as against an issue price of Rs 226. Meanwhile, the stock listed at Rs 228, up 0.88% or Rs 2 on NSE. Ahead of the public issue, Tolins Tyres has secured … Read more
The record-breaking run in the red-hot mid-cap and small-cap stocks is likely to carry on as continued flows into equities from domestic investors are seen driving the bullish momentum. Analysts said, however, the pace of upside in these stocks especially those that have outperformed in recent weeks could slow after the US Federal Reserve’s rate-setting … Read more
Equity indices Sensex and Nifty took a breather on Friday after a record rally in the previous session and ended marginally lower on the emergence of profit-taking. Stocks that were in focus include names like Bharti Hexacom, which rose 5.2%, Jubilant Pharmova, which gained 12%, and Westlife, whose shares jumped 6% on Friday. Here’s what … Read more
ET Intelligence Group: Northern Arc Capital (NACL), a mid-tier pan-India diversified nonbanking finance company (NBFC), plans to raise ₹500 crore through fresh equity to augment capital base and ₹277 crore through an offer for sale by some of the existing investors. Being a professional setup, the company has no promoter. The collective stake of selling … Read more
ET Intelligence Group: What’s common among PN Gadgil, Arkade Developers, Bazaar Style Retail, Saraswati Saree Depot and Tolins Tyres? All these companies have strong regional businesses and have rolled out their IPOs in recent months. Several peers, with robust regional footprints, have debuted on stock exchange the past couple of years-often to provide exit to … Read more
Domestic markets touched record highs in the last week amid a rally in the global markets. In the coming week, all eyes are on the US Fed meet outcome, scheduled for September 18. “The prevailing market trend is expected to continue, and we are targeting 25,550 in the Nifty as the immediate goal. The recent … Read more
The gap in rents paid by those in the north and south of England has closed to its lowest level in at least 11 years, figures have shown. In its latest monthly lettings index, the property company Hamptons reported that the average rent paid by tenants in the north of England in August was £960 … Read more
Employees as young as 16 should be automatically enroled into workplace pensions and there is a strong case for making their employers pay in even when they do not contribute themselves, according to a leading thinktank. The Institute for Fiscal Studies (IFS) has warned that many current workers are on track for “inadequate retirement incomes”, … Read more
Former President Donald Trump’s plan of higher tariffs on US imports would help offset his expanding tax-cut proposals if he’s reelected in November, according to his running mate JD Vance. “If we actually balance this out by penalising some of these companies for manufacturing overseas I do think that we can get this to balance … Read more
Beirut: Lebanese novelist Elias Khoury who dedicated much of his writings to the Palestinian cause and taught at universities around the world, making him one of Lebanon’s most prominent intellectuals, has died. He was 76. Khoury, a leading voice of Arab literature, had been ill for months and admitted and discharged from hospital several times … Read more
