Large family offices and ultra-high-net-worth individuals, who typically establish their own AIFs and invest via the QIB route but are otherwise ineligible for QIB status individually, will be affected by SEBI guidelines, say experts

The IPO is likely to be in the range of $300-350 million, sources say

Spot gold dropped 0.5 per cent to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7 per cent to $2,675.90

Asian Paints Stock, Asian Paints Share Price Updates November 11, 2024: Shares of Asian Paints in focus 

Meanwhile, the dollar index was trading higher by 0.05 per cent at 105.05

The Aditya Birla Group company expects to report a net profit of ₹3,625 crore in Q2 against ₹2,196 crore last year in the same quarter

Asian Paints’ Q2 net profit declined 43.71% due to weak demand, material price inflation, material price inflation, and performances of the decorative and coatings business.

Nupur Recyclers is currently focused on non-ferrous metal scrap processing. It will establish a state-of-the-art plant dedicated to handling both metal scraps and lithium-ion battery recycling

The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private

The company has implemented a new leadership structure, dividing operations between two executive directors

The achievement comes as Mastek expands its AI capabilities, recently launching iConnix, a GenAI portfolio featuring over 120 AI assets and 4 AI platforms

The multi-sector rotation fund will rotate investment across trending sectors

VC-backed companies are now looking at the euphoria in the market to list and return capital to their investors

Move aimed at enhancing the ease of doing business, streamlining compliance and attracting foreign investments

QSBs’ clients will have the option to either continue with the existing facility of trading by transferring funds to the brokers or opt for either of the facilities

Sensex, Nifty, Share Prices: The benchmark indices Sensex and Nifty, which traded on a weak note on Tuesday, settled 1 per cent lower for the day. Sensex closed at 78,675.18, lower by 820.97 points or 1.03 per cent, and Nifty 50 ended at 23,883.45, down by 257.85 points or 1.07 per cent. Barring the Nifty IT and Realty indices, all the sectoral indices are in red and led by bank stocks. As the Q2 earnings season concludes, analysts anticipate fund flows influencing market direction amid ongoing volatility. Gaurav Garg of Lemonn Markets Desk suggests that traders adopt hedged strategies focusing on selective stocks. Large-cap stocks are expected to perform relatively better as valuation pressures mount on the broader market. DSP Mutual Fund highlighted that mid-cap and small-cap indices have reached peak valuations, while large-cap stocks show signs of outperformance. Continued foreign portfolio outflows add to market volatility, but Pantomath Group’s ‘Market Kaleidoscope’ report points to India’s infrastructure push and rising private investment as economic stabilisers. Globally, Asian markets opened mixed, with gains in China and Japan offset by weaker Taiwanese and Korean indices.

Buzzing stocks: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton

A report from DSP Mutual Fund indicates a shift favouring large-cap stocks over small and mid-caps, as the latter reach high valuation levels

The emerging view is that likely immigration curbs may no longer hurt tech companies as much as they once did. At the same time, likely tax cuts could leave US companies with a bigger pool of money for discretionary spending, some of which might flow to Indian IT firms

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent

Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Highlights; Sagility IPO Listing November 12, 2024

At the interbank foreign exchange, the rupee opened at 84.39 against the greenback, then fell further to an all-time low of 84.40, registering a fall of 2 paise over its previous close

Analysts offered mixed reviews; Jefferies issued an underperform rating with a target price reduction from ₹690 to ₹680, while Motilal Oswal maintained a neutral stance with a target of ₹880.

The weather event may affect India; no signs of La Nina evolving until Feb 2025

Buzzing stocks: United Spirits, Tata Chemicals, MTNL, Aurobindo Pharma, LCC Infotech, Tata Power, Federal Bank, EMS, Eicher Motors, Apollo Tyres, Allcargo Terminals, Vodafone Idea, Happiest Minds, Brigade, ESAF Small Finance Bank, NBCC, Kalyan Jewellers, Garden Reach, Unichem Lab, Dredging Corp, AstraZeneca Pharma. Prism Johnson, PI Industries, Shilpa Medicare, Thermax and Thomas Cook

Sensex, Nifty, Share Prices LIVE: Gift Nifty indicates a likely 100-point gap-down opening for Nifty at 23,870 on Wednesday as global markets remain weak. Analysts cite concerns over an earnings slowdown and persistently high inflation; Jefferies India downgraded full-year earnings for 63% of the 121 large companies it covers due to economic slowing. India’s retail inflation surged to a 14-month high of 6.21% in October, with steep rises in food and metal prices potentially influencing the RBI’s December policy stance. A continued hold on rates seems likely, but analysts at AngelOne note a shallower rate-cut cycle ahead for India, mirroring the US trend. Options data signals resistance around 24,500 due to heavy call writing and support near 23,500, with a bearish put-call ratio drop to 0.52. India VIX rose to 14.60 (+2.40%), suggesting caution; however, lower volatility generally supports bullish sentiment, according to SAMCO’s Dhupesh Dhameja.

With large IPOs like LIC and Hyundai India faltering, Swiggy’s listing today is expected to be muted, as analysts remain cautious amid subdued retail demand and challenging market conditions

The shares have been priced at ₹289, the upper limit of its price range

Logistics major raised ₹501 crore from anchor investors

“A medical staff is in the CCU and his parameters have deteriorated. We have formed a medical board to treat him,” a senior doctor of the NRS Medical College and Hospital told

With junior doctors insisting to continue with their hunger strike till all their demands are met the stalemate is likely to continue. So far five doctors who began hunger strike on October 5 for a ten-point demand have been hospitalised after their health condition deteriorated

The top court remarked that the recruitment of civic police volunteers serves as a means of “granting political patronage”

Ongoing unrest in Kolkata as doctors’ hunger strike continues, with two more falling ill, sparking further protests

Bench gives National Task Force constituted by Centre on the orders of Supreme Court three weeks to come out with “tentative recommendations”

According to Arpita Mandal, the City of Joy, now that she’s two decades older, is today less suitable for pandal-hopping, due to the massive crowds, and more suitable for cafe-hopping, with plenty of eateries mushrooming even in residential neighbourhoods

Family alleges she was raped and murdered; police arrest victim’s partner

The agitation by doctors and a section of citizens over the rape and murder of a doctor was not against the Durga Puja but remains primarily directed at the State government

So far, six fasting junior doctors had to be hospitalised following severe deterioration of their health parameters, says Dr. Suvendu Mallick amid fast-unto-death agitation by junior doctors

Aniket Mahato, one of prominent faces of the doctors’ movement who fell ill during the hunger strike, has sought Chief Minister Mamata Banerjee’s intervention to resolve the crisis

The accused youth was arrested today based on a complaint filed by the victim’s family; he was allegedly in a relationship with the deceased victim

Kolkata tram faces uncertain future as court delays decision on resuming services, sparking fears of permanent closure

After the meeting with CM Mamata Banerjee, the Chief Secretary Manoj Pant called for a meeting of principals and MSVPs of all the State-run hospitals

Family members of a cancer patient who passed away later in the day, alleged that the death was due to inhaling of smoke due to the fire.

An analysis of buyer trends of this year’s Amazon Great Indian Festival sale so far has revealed an affinity of Bengal-based buyers towards renewable and artificial intelligence appliances like solar panels, single-equipment home gyms, robotic vacuum cleaners

With protesting junior doctors falling sick out of starvation, more and more doctors are joining the fasting protest at Kolkata’s Esplanade, braving heat, humidity, and deteriorating health

Stating that they are in talks with their colleagues in other States, the medics said there may also be a country-wide strike by doctors on Tuesday (October 22, 2024) over the issue

West Bengal Chief Minister refuses to accept demand made by protesting doctors seeking removal of State’s Health Secretary

The Chief Minister of West Bengal said the Central Government appears to be "under pressure" to cut taxes to benefit common people

The protesting doctors refused to end their hunger strike until all their demands were met but agreed to join the talks on Monday, after speaking with Chief Minister Mamata Banerjee over phone