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Proceeds of the fresh issue will be used for funding the working capital requirements of Medplus' subsidiary, Optival...
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CryptoWire will offer real-time details about crypto rates, news, courses and other associated data ... TickerPlant has actually launched a worldwide cryptocurrency incredibly application called CryptoWireFinancial material service provider TickerPlant has actually introduced a global cryptocurrency extremely application called CryptoWire. The app is intended to function as a one-stop service for all aspects associated with these digital properties. CryptoWire will offer real-time details and news about crypto rates, courses and information associated with cryptocurrency. The app will also use insights about blockchain technology, the backbone of the crypto world. TickerPlant is a subsidiary of Chennai-based Financial Technologies Group, now called 63 Moons, and it promises to offer comprehensive and impartial information about cryptocurrency to its users.63 Moons was included in 1998 and has actually been a monetary details service provider for over 20 years. It said that the CryptoWire extremely app will provide the following services and features: Crypto UniversityThe Crypto University will provide brief and basic courses in addition to specialised Ph.D. courses on cryptocurrency. Some of these courses will be complimentary while others will be charged. Crypto University will also supply courses sourced from global universities, including the Massachusetts Institute of Technology and the Indian Institute of Innovation, Kharagpur.Crypto TVCrypto Television is a 24x7 crypto and blockchain channel broadcast on YouTube and mobile IPTV. The channel will supply in-depth analysis of international developments, reports, and discussions. In addition to that, the channel will likewise provide pieces of details that will assist increase understanding about cryptocurrency, blockchain, asset digitisation, and possession development.CryptoWireThis section of the app will have some beneficial tools that can guide the user in their monetary decisions in connection with cryptocurrency. It will educate users about tools such as arbitrage opportunities identification, financing and loaning rates.Jigish Sonagara, Managing Director and CEO of TickerPlant, said CryptoWire will be the most credible port of call for entry into the Crypto Universe offering credibility. It will be powered by robust technology and will give information of most curated data, Mr Sonagara added.The very application covering the international market of digital currency intends to influence a broader neighborhood and assist individuals become more cognizant about cryptocurrency and blockchain so that they can make educated choices and better investment choices.
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In addition, mutual funds are needed to divulge the information of financier complaints on their particular sites in addition to on AMFI website on a monthly basis in the recommended format ... The information requires to be divulged most current by 7th of prospering month, Sebi saidMarkets regulator Sebi on Friday asked mutual funds, portfolio managers and alternate mutual fund (AIFs) to divulge investors charter along with information referring to complaints they received.For mutual funds and portfolio managers, Sebi stated they are recommended to reveal the investor charter on their sites, according to different circulars.For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new plans and for existing plans, as a one-time measure, they should disclose it to the financiers on their signed up e-mail. In addition, shared funds are required to disclose the details of financier complaints on their respective sites in addition to on AMFI website on a month-to-month basis in the prescribed format. Even more, mutual funds are encouraged to display link/option to lodge problem with them directly on their websites and mobile apps.Additionally, link to ratings site and the link to download the mobile application shall also be provided on their site. Portfolio supervisors likewise require to divulge the data on their sites referring to grievances including SCORES problems, on monthly basis.The data needs to be disclosed latest by 7th of succeeding month, Sebi stated in different circulars. In case of AIFs, they have to reveal investors complaints data as a different chapter in the PPM, for brand-new schemes. For existing schemes, such information needs to be disclosed by method of upgrading the PPM within one month of end of each financial year. For effective monitoring, AIFs will preserve data on financier problems ... as which shall be compiled latest within 7 days from the end of quarter, Sebi said. Disclosures have to be made in formats recommended by the regulator.The relocation is focused on bringing further transparency in the financier complaint redressal system. These disclosure requirements are in addition to those already mandated by Sebi. The circulars will come into result from January 1, 2022.
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Supplier of electronics systems to the defence and aerospace sector, Data Patterns (India) Limited's IPO will unveil tomorrow, December 14...
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Petrol and Diesel Rates Today: Among the metro cities, fuel rates are still the highest in Mumbai ...
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MapmyIndia IPO: On Friday, the part scheduled for retail individual financiers was subscribed 7.17 times - the highest amongst the three groups of financiers ...
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The IPO of CE Info Systems Limited, the parent entity of digital mapping company MapmyIndia, was subscribed 154.71 times on the last day of its issue...
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Mumbai Ahmedabad Bullet Train Project: Larsen - Toubro (L-T) emerged as the lowest bidder for the design and construction of an 8 km viaduct and the Vadodara station...
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Prime Minister Narendra Modi today said that emerging technologies such as cryptocurrencies should be used to empower democracies, and not undermine it. According to reports, PM Modi will take the......
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Shares of Anand Rathi Wealth will list on both NSE and BSE tomorrow on December 14 ...
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The nation's biggest insurance provider - LIC receivedapproval from the Reserve Bank of India to raise its holding in private lender IndusInd Bank to 9.99 percent from the existing 4.95 per cent ... The country's largest insurance provider Life Insurance Corporation of India (LIC) got approval from the Reserve Bank of India (RBI) to raise its holding in personal lender IndusInd Bank to 9.99 percent from the existing 4.95 per cent. We are delighted to notify you that the Bank has actually received an intimation from the RBI on December 9, 2021, that it has approved its approval to Life Insurance coverage Corporation (LIC), shareholder of the Bank, who holds 4.95 percent of the total issued and paid-up capital of the Bank, to acquire upto 9.99 per cent of the overall provided and paid-up capital of the Bank, IndusInd Bank said in a regulatory exchange filing.The investment will undergo compliance with the Master Direction on Prior Approval for Acquisition of Shares or Ballot Rights in Private Sector Banks dated November 19, 2015, Master Direction on Ownership in Personal Sector Banks dated May 12, 2016, regulations of the Securities and Exchange Board of India (SEBI), the Forex Management Act, 1999 and any other guidelines/regulations and appropriate laws, according to the statement.The central bank's approval stands for a duration of one year - as much as December 8, 2022.
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The brokerage said growth grew by 2 percentage points after the damage caused by the second wave of the COVID virus in mid-2021 but remains below the pre-pandemic pattern ...
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Metro Brands Limited's preliminary public deal was subscribed 52 percent on the 2nd day of its concern ...
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Crypto-backed retail loans resemble any other protected loan. Debtors use their digital assets as security for a loan of representative value....Crypto-backed retail loans are similar to any other protected loanThe increase of cryptocurrency has actually opened a number of organization chances for investors as well as lenders. While there are some threats related to the crypto world, the incredible returns bring in traders more intimately when compared to other financial investment tools. After preliminary doubt, banks too have begun exploring methods on how to capitalise on this trend. In India, banks like Kotak Mahindra have actually begun partnering with online exchanges to support crypto payments. In the US too, banks have actually started taking a look at methods to utilize Bitcoin, Ether and other crypto coins as collateral for money loans to institutions.Simply put, crypto-backed retail loans are similar to any other safe loan. Borrowers use their digital assets as collateral to secure a loan of representative value. It is carried out in the exact same way as an automobile or a home can be positioned as security for automobile or home loan loans.While major banks are not likely to get straight involved with crypto trading in the near future, there's no stopping them from tapping the growing crypto financiers. Citing individuals familiar with the matter, a CoinDesk report named Goldman Sachs, an American international financial investment bank, as leading this effort. Goldman Sachs is not alone-- Silvergate and Signature too revealed Bitcoin-backed money loans previously this year. Banks are likewise figuring out tri-party repo type plans-- a way of borrowing funds by offering securities with an arrangement to repurchase them, including a third-party agent. These efforts may lead to more integrated crypto prime brokerage services in the future.The relocation by banks shows that they are gaining confidence in this brand-new and volatile sector and also that they have an appetite to take strong decisions. Nevertheless, some more clarity from regulators on how cryptocurrency can be used to increase the circulation of money in the market-- for organizations and people-- and drive economic development will give self-confidence to banks and accelerate the procedure of their acceptance of Bitcoin.
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Shriram Characteristic IPO: On Friday, the portion booked for retail specific financiers was subscribed 12.71 times - the greatest amongst the three groups of financiers ... Shriram Characteristics offered its shares in the cost band of Rs 113-Rs 118 per equity share.Shriram Residence share sale by means of initial public offering (IPO) was subscribed 4.60 times on the 3rd and final day of its concern, according to membership information on the stock exchanges. The property designer plans to raise Rs 600 crore through the problem, which consists of an offer for sale worth Rs 350 crore and fresh problem of Rs 250 crore.On Friday, the portion booked for retail individual investors was subscribed 12.71 times - the highest among the three groups of financiers. The portion set aside for certified institutional buyers or QIB was subscribed 1.85 times, while the portion scheduled for non-institutional investors was subscribed 4.82 times.The business sold its shares in the price band of Rs 113-Rs 118 per equity share. 75 per cent of the issue was scheduled for qualified institutional purchasers, 15 per cent for high net worth people and 10 per cent for retail investors. The business will utilise the IPO proceeds to pay back and/ or pre-payment debt and for basic business purposes.Shriram Characteristic has proposed partial exit to its 4 existing investors-- TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital - which hold around 58 per cent stake in the company.Shriram Residences belongs of the Shriram Group and is one of the leading property advancement companies in South India. The business mostly focuses on the mid-market and economical real estate sections. Shriram Residence' overall earnings reduced by 21 per cent on-year to Rs 501 crore in FY21, affected by the continuous pandemic. Due to COVID-19 pandemic, building activity had actually been stalled throughout the year. The company has actually likewise published losses in the last two years.Due to its negative revenues, it is not possible to value the company on a PE ratio basis.Given a drop in incomes, negative profits, uncertain outlook due to the ongoing pandemic, and high evaluations, we stay Neutral on the potential customers of the concern, SEBI-registered financial investment advisor INDmoney said in a report.
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Vedanta has withdrawn cases in Delhi High Court and prior to a global arbitration tribunal to settle a Rs 20,495 crore retrospective tax conflict ...
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Preliminary evidence suggests the Omicron variant is expected to be less severe in India with the increasing pace of vaccination, said the Finance Ministry in its Monthly Economic Report...
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Index of Industrial Production (IIP Data), October 2021: Industrial production determined by the industrial production index, slipped to 3.2 per cent in October, compared to 4,5 percent in the year-ago... IIP Data: Industrial production stood at 3.2 percent in October 2021Industrial production rose marginally to 3.2 per cent in October 2021, government data revealed on Friday, December 10, as a result of subsiding low base effect for the 2nd straight month. The index of commercial production (IIP) in October stood at 133.7. The commercial production index during the April-August period of the existing fiscal grew 20 per cent, compared to a de-growth of 17.3 per cent in the year-ago period.The indices for the mining, manufacturing, and electrical energy sectors for October 2021 stand at 109.7, 134.7, and 167.3, respectively, according to the industrial production information released by the Ministry of Stats and Programme Application today.Industrial production - or the factory output, assessed by the commercial production index, slipped to 3.2 percent in October, compared to 4,5 per cent in the year-ago period.The manufacturing sector, which makes up 77.63 percent of the index of industrial production, grew 2 per cent in October, compared to 4.5 percent in the year-ago duration. The mining output climbed up 11.4 percent, compared to a de-growth of one percent in October 2020. The output of capital goods - a barometer of investment, registered a de-growth of 1.1 percent in October, compared to a development of 3.2 percent in October 2020. Consumer durables registered a de-growth of 6.1 percent, compared to a growth of 18.1 cent in the year-ago duration. The October commercial production has decreased on MoM - & YoY basis, in spite of other indications revealing a recovery. The October IIP at 3.2 per cent is below the majority of quotes. The growth in IIP has been unpredictable and it decreasing regardless of October being a joyful season month. This puts some doubts about the financial recovery that is underway.Most constituents have shown de-growth like electrical power, production, infra items, customer durables, consumer non-durables with mining and main items the only exception. The chip scarcity has been a reason for concern for the smooth performance of commercial activities across the globe.The vehicle sector has seen the most disturbance. The H1 IIP at 20 per cent is mainly an aspect of a lower base. The industrial information need to clock in regular double-digit development for sustained overall financial development, stated Mr. Nish Bhatt, Founder - & CEO, Millwood Kane International.
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Retail inflation increased to 4.91 per cent in November 2021 from 4.48 per cent in October due to a dive in the prices of vegetables and fruits ...
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Fuel and Diesel Prices Today: In the national capital, petrol is being sold for Rs 95.41 per litre, while diesel rates stood at Rs 86.67 per litre ...
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This comes after Sebi last month amended rules pertaining to portfolio managers to facilitate co-investment by investors of Alternative Investment Funds (AIF) through the portfolio management route....
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The minister said that the consultation process on spectrum pricing is going on and urged the industry to take part in it and give suggestions to TRAI...
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Competitors Commission of India (CCI) has the required to keep a tab on unjust business practices throughout sectors ... Competitors Commission's role in cases emanating from brand-new age markets is to make sure that platforms remain neutral, offer an equal opportunity and permit enterprises, big or small, to complete on benefit, a top regulative authorities stated on Friday.Noting that the regulator has actually examined more than 1,100 cases of anti-competitive contracts and abuse of dominant position in varied sectors because its beginning, CCI Chairperson Ashok Kumar Gupta stated the instrument of enforcement has been applied judiciously.Competition Commission of India (CCI) has the mandate to keep a tab on unjust service practices throughout sectors. According to him, there has been a constant rise in cases reviewed by CCI originating from new-age markets, which vary from online search engine, online market platforms, app shops and payment gateways to online travel, food aggregators, taxi aggregators and social networking. Such cases including search predisposition, predatory pricing, deep discounting, self-preferencing and leveraging have a direct interface with competitors law program. The Commission's function in such cases is to make sure that platforms, which serve as a main point of interaction between various sides in digital markets, stay neutral, use a level playing field and permit enterprises, huge or little, to compete on benefit, Gupta said.In these fast-evolving and vibrant markets, he said the regulatory stance needs to be nuanced, and the enforcement toolbox needs to be adapted to these changes so that the instrumentality remains suitable for function. The difficulty is to keep abreast of the developments in these markets and continue to progress and improve the tools. This will help make timely interventions and strike a great balance so that performance and innovation are not suppressed and markets stay devoid of anti-competitive practices, he added.Speaking at a conference arranged by market body CII, he likewise stated that in correcting market-distorting practices, the regulator has actually utilized an effective mix of the twin instruments of enforcement and advocacy. The instrument of enforcement has been used in a calibrated way, with interventions made just in such cases where company conduct was found to seriously undermine market processes and mute competition. While dealing with cartels securely, CCI has been cognizant of organization truths and moulded its solutions properly, he added.Gupta said while digital attacks foster competition by creating more chances, bringing transparency to online intermediation and lowering search expense for consumers, on the other hand, the significantly technology-laden economy is bringing new issues and issues to competition policy discourse.
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The DoT has asked for the appellate tribunal to set aside the order passed by the Mumbai bench of the National Business Law Tribunal on June 8, 2021 permitting the Rs 2,962-crore takeover bid by Anil... DoT has moved the insolvency appellate tribunal NCLAT against the NCLT orderThe Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 business of Videocon Group, consisting of Videocon Telecommunications.The DoT, in its petition, has actually requested the appellate tribunal to reserve the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on June 8, 2021 enabling the Rs 2,962-crore takeover quote by Anil Agarwal's Twin Star Technologies.DoT has sent before NCLAT that defaulting telecom business can not be allowed to wriggle out of their liability by the triggering of the Corporate Insolvency Resolution Process.A three-member bench of NCLAT said the appellate tribunal has already stayed the NCLT order on July 19, 2021 by approving a status quo ante to be kept and Resolution Expert will continue to manage the affairs of Videocon Industries as per provisions of the Insolvency - Insolvency Code. In view of the submissions made by the Appellant/Applicant (DoT) and the impugned order on remain on near comparable premises, there is no need to even more explain, said NCLAT. NCLAT has actually directed to list DoT's appeal for hearing on January 11, 2022. The Respondents are directed to file 'Reply-affidavit within the next two weeks and rejoinder, if any, may be submitted within a week afterwards, the NCLAT order passed on December 8, 2021 stated. The participants in the matter include Videocon Industries and Videocon Telecommunications.Videocon Telecom, in order to carry on service and based on the License Arrangement for Unified License (Gain Access To Providers) had actually secured the dues with as many as 131 Bank Guarantees from SBI in favour of DoT to the tune for Rs 881.92 crore.The said bank guarantees, nevertheless, have unlawfully not been permitted to be invoked due to pending procedures prior to the NCLT, DoT sent before the National Company Law Appellate Tribunal (NCLAT) through its counsel.The IBC can not be invoked for the resolution of deceptive and harmful intent of withholding the substantial financial obligations payable to the government and others, stated DoT's submission, tape-recorded in NCLAT order.Moreover, under the authorized resolution strategy, Functional Lenders were asked to deprive off all their exceptional money under the garb of business insolvency resolution process (CIRP), it declared. DoT is hardly going to get a meagre amount of 0.12 per cent of its total claim, it included. The Code has actually been conjured up for resolution of the Companies under stress and where managements do not have any ulterior motive to wriggle out of the liabilities, DoT submitted. Earlier, passing a 47-page-long judgement on June 8, NCLT had actually observed that creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 percent haircut on their loans and the bidder is paying practically nothing . NCLT had observed that the resolution strategy is providing 99.28 percent to the functional financial institutions, which it sardonically hinted to be as a Hair cut or Tonsure, Overall Shave . Disappointed monetary lenders - Bank of Maharashtra and IFCI Ltd - and previous Videocon group Chairman - Managing Director Venugopal have actually already challenged the NCLT order.In September, SBI, the leading loan provider of Videocon Industries had actually approached NCLAT requesting for a rebidding of the 13 business of the debt-ridden group, on account of strong observations versus the Rs 2,962-crore takeover quote by Anil Agarwal's Twin Star Technologies.
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Reliance Industries, Infosys, HDFC, HDFC Bank, Bajaj Finance and ICICI Bank were among the top drags on the Sensex....
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Drug store retail chain MedPlus Health Services on Friday stated it has mobilised Rs 418 crore from anchor investors ahead of its preliminary share sale that opens for public membership on Monday ... MedPlus has allotted 52.51 lakh equity shares to anchor financiers at Rs 796 apiecePharmacy retail chain MedPlus Health Solutions has actually mobilised Rs 418 crore from anchor investors ahead of its preliminary share sale that opens for public membership on Monday, December 13. The business has allotted 52.51 lakh equity shares to anchor investors at Rs 796 apiece, aggregating to Rs 417.98 crore, according to BSE circular.Abu Dhabi Financial investment Authority, BlackRock Global Funds, Fidelity, Nomura, Goldman Sachs, Morgan Stanley, HFFC Life Insurance Company, ICICI Prudential Life Insurance Coverage Company and SBI Life Insurance Coverage Co Ltd, SBI Mutual Fund (MF), and Aditya Birla Sun Life MF are among the anchor investors.The Rs 1,398-crore preliminary share sale comprises fresh issuance of equity shares worth Rs 600 crore and a sell (OFS) of approximately equity shares aggregating as much as Rs 798.30 crore by the promoter and existing shareholders.MedPlus Health Solutions' issue with a rate band of Rs 780-796 per equity share will open for public membership on December 13 and conclude on December 15. The problem consists of a booking of equity shares worth Rs 5 crore for the business's workers, who will receive those shares at a discount of Rs 78 per share to the final issue price.The business will use the profits of the fresh problem for funding the working capital requirements of the its subsidiary Optival. Half of the concern size has been booked for certified institutional buyers (QIBs), 15 per cent for non-institutional investors, and 35 percent for retail investors.The Hyderabad-based drug store retailer uses a wide range of items, consisting of pharmaceutical and wellness items, such as medicines, vitamins, medical devices and test sets, and FMCG items like house and individual care products, consisting of toiletries, infant care items, soaps and detergents and sanitisers. It was likewise the first pharmacy retailer in the nation to offer an omnichannel platform and continues to scale up its store network.Axis Capital, Credit Suisse Securities (India), Nomura Financial Advisory and Securities (India) and Edelweiss Financial Solutions are the book running lead managers to the concern. The equity shares are proposed to be noted on BSE and NSE
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Novi head Stephane Kasriel said they will choose extending the pilot job after getting feedback from present users ...
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Eight of 15 sector determines compiled by the National Stock Exchange were trading lower led by the Nifty Media index's 1.4 per cent fall ... The Indian equity criteria erased gains in noon deals on the back of offering pressure in Reliance Industries, Bajaj Finance, Infosys, HDFC, Tata Consultancy Services, Hindustan Unilever and Bajaj Finserv. The Sensex fell as much as 733 points from day's greatest level and Nifty 50 index dropped listed below its essential psychological level of 17,450 after striking an intraday high of 17,639. Financiers were seen reserving profits around intraday highs after a sharp ip move in the last 5 trading sessions, experts said.The Sensex was down 310 points at 58,476 and Nifty 50 index declined 71 indicate 17,440 by 12:49 pm.Tega Industries soared 68 percent in its market debut. The stock opened at Rs 760 rupees, compared to the deal price of Rs 453, valuing the mining devices maker at Rs 1,039 crore.Eight of 15 sector gauges put together by the National Stock market were trading lower led by the Nifty Media index's 1.4 per cent fall. Cool PSU Bank, Oil - & Gas, FMCG and Financial Services indices were likewise trading with a negative bias.On the other hand, information technology, metal and choose personal banking shares were witnessing buying interest.Mid- and small-cap shares were outperforming their larger peers as Nifty Midcap 100 index increased 0.4 per cent and Nifty Smallcap 100 index advanced 0.2 per cent.Bajaj Finance was top Nifty loser, the stock fell 2.7 percent to Rs 7,252. Bajaj Finserv, Reliance Industries, Mahindra - & Mahindra, Eicher Motors, Nestle India, Tata Consumer Products, Adani Ports, Bharat Petroleum, Bajaj Auto, Bharti Airtel and Indian Oil also fell in between 1-2 per cent.On the flipside, Axis Bank, Tech Mahindra, Hindalco, Power Grid, SBI Life, Wipro, Divi's Labs and Tata Motors were among the gainers.The general market breadth was favorable as 1,972 shares were advancing while 1,404 were decreasing on the BSE.
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The guest lorry (PV) dispatches last month stood at 2,15,626 systems, down 19 percent from 2,64,898 units in November 2020 ... Overall two-wheeler sales decreased sharply by 34 per cent to 10,50,616 units last monthPassenger automobile wholesales in the nation decreased by 19 pc in November as the semiconductor scarcity continued to effect car production and subsequent deliveries to dealership partners, vehicle market body SIAM stated on Friday.The guest automobile (PV) dispatches last month stood at 2,15,626 systems, down 19 per cent from 2,64,898 systems in November 2020. Likewise, total two-wheeler sales decreased greatly by 34 per cent to 10,50,616 systems last month from 16,00,379 systems in the year-ago period.Total three-wheeler dispatches stood at 22,471 systems, down 7 percent from 24,071 systems in November 2020. Total auto sales throughout classifications sagged to 12,88,759 systems last month compared to 18,89,348 units in the year-ago duration. Market continues to face headwinds due to international semi-conductor shortage. In the joyful season, market was wishing to make up for the lost ground, however the sales in the month of November 2021, were the most affordable in 7 years for passenger cars, the lowest in 11 years for two-wheelers and the most affordable in 19 years for three-wheelers, Society of Indian Vehicle Manufacturers (SIAM) Director General Rajesh Menon stated in a statement.Amidst the rising hazard of Omicron, the new Covid variation, market is pro-actively making sure staff member safety and keeping track of any supply chain hiccups, he added.
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Shares of billionaire stock financier Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Co opened at a 6 percent discount to the offering price ... The Indian equity benchmarks snapped their three-day winning streak dragged by losses in index heavyweights like HDFC, Kotak Mahindra Bank, Infosys, Axis Bank, Titan and Larsen - & Toubro. The Sensex fell as much as 392 point and Nifty touched an intraday low of 17,405. However, the losses were capped as Asian Paints, State Bank of India, TCS and ICICI Bank saw purchasing interest. Investors were seen scheduling profits after three days of gains where the Sensex and Nifty increased over 3.5 percent, experts said.The Sensex ended 20 points lower at 58,787 and Nifty 50 index decreased 6 points to close at 17,511. Two events in the coming months are likely weighing on equity markets - quarterly earnings and India's budget, Sumit Pokharna, vice president research at Kotak Securities informed news company Reuters.Shares of billionaire stock investor Rakesh Jhunjhunwala-backed Star Health and Allied Insurance Co opened at a 6 percent discount rate to the offering cost before quickly reversing course to trade 4.4 per cent greater. However, they stopped working to hold on to those gains.Eight of 15 sector determines compiled by the National Stock Exchange ended greater led by the Nifty PSU Bank index's 2.6 per cent gain. Real estate, Oil - & Gas, Media and Metal indices also got in between 0.5-2.5 per cent.On the other hand, Financial Services, FMCG, IT and Consumer Resilient shares witnessed a moderate selling pressure.Mid- and small-cap shares outperformed their larger peers as Nifty Midcap 100 and Nifty Smallcap 100 indexes rose nearly 1 per cent each.Asian Paints was top Cool gainer, the stock rose 3.2 per cent to close at Rs 3,279. Grasim, SBI Life, State Bank of India, Bharat Petroleum, Tata Consultancy Providers, JSW Steel, Mahindra - & Mahindra and Bajaj Finserv likewise increased between 0.5-1.35 per cent.On the flipside, Divi's Labs, Titan, HDFC, Tata Consumer Products, Kotak Mahindra Bank, Axis Bank, Coal India, UPL, Wipro and Eicher Motors were amongst the gainers.The total market breadth was favorable as 2,099 shares ended greater while 1,167 closed lower on the BSE.
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