Mumbai: HDFC Life Insurance will raise ₹1,500 crore through non-convertible debentures (NCDs) after its board approved the plan on Friday. The insurer will issue ₹1,000 crore in NCDs, with an option to raise an additional ₹500 crore via a greenshoe option, all on a private placement basis. The NCDs, carrying a coupon rate of 8.05% … Read more
The Indian market is expected to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed positively, gaining 0.57% at 25,915 levels on Monday. The India VIX rose by 7.78%, closing at 13.78. On the options front, the maximum Call OI is at the 27,000 strike, followed by the 26,000 strike, while the … Read more
The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While … Read more
Shares of Premier Energies have skyrocketed 181% since their stock market debut, rising from their initial public offering (IPO) price of Rs 450, the stock is fueled by the positive investor sentiment on the growth prospects of the company. The company’s shares had surged another 5% in the intraday session, reaching a new all-time high … Read more
Stating that the outlook for the sector looks strong ahead, domestic brokerage firm Motilal Oswal has picked LIC, HDFC Life, SBI Life, ICICI Prudential Life and Max Financial Services as its top choices with an upside potential of up to 25%. The life insurance sector has experienced a series of regulatory and taxation changes (ULIP … Read more
Shares of ECOS (India) Mobility and Hospitality surged 16.5% to Rs 456 on the BSE following a decent debut on Wednesday. The stock was listed at Rs 391.2 on the BSE, posting a 17.1% premium over the IPO price of Rs 334. However, the listing was slightly below expectations, as the shares were trading at … Read more
Indian Railway Finance Corporation Share Price 183.41 03:59 PM | 23 Aug 2024 1.97(1.09%) One97 Communications Share Price 554.85 03:59 PM | 23 Aug 2024 1.15(0.21%) YES Bank Share Price 24.39 04:03 PM | 23 Aug 2024 -0.19(-0.78%) ITC Share Price 505.8 03:59 PM | 23 Aug 2024 1.25(0.25%) HDFC Bank Share Price 1625.05 03:59 … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
Equity indices tumbled on Friday as investors preferred to book profits after four days of record-breaking rally and weak trends from global markets. In today’s trade, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel among others will be in focus due to news developments and quarterly results. IDBI Bank, Suzlon … Read more
Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more
