Oil markets eased on Tuesday after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply. Brent crude futures fell 17 cents, or 0.2%, to $79.36 a barrel at 0121 GMT after surging 1.8% and reaching its highest since October 2018 on Monday.
Though the rate of suspected online financial services fraud attempts have still risen globally by 18.8% globally during April-June quarter over the same period a year ago, it declined in India by 15.35%, indicating stronger fraud control measures being adopted by the financial services industry, a release by the credit bureau said.
Shriram Housing Finance has expanded its loan book 65% to Rs 3,910 cr. Now its target is to reach Rs 10,000 cr by March 2024.
The IPO comprises fresh issue of equity shares worth Rs 1,255 crore and an offer for sale (OFS) of up to 12,00,35,800 shares by its existing shareholders and promoters, according to the draft red herring prospectus (DRHP).
Prior to the transaction, Natural Investment Manager held 7.8 million shares in the company. Today, shares of Yamini Investments ended 4.6 per cent higher at Rs. 0.46.
A total of 50,000 bonds have been issued with face value of Rs 10 lakh each.
The market heavyweight gained 1.70 per cent to close at Rs 2,525.20 on the BSE. During the day, it jumped 1.85 per cent to its record high of Rs 2,529.
The regulator said a detailed investigation in the matter is in progress which may bring out additional roles of omission or commission, of these five persons, if any, in detail.
In the past six weeks, the notional value of transactions rose to Rs 1,900 crore on the platform, which helps both local borrowers and investors to rein in funding costs in a rising rate scenario and retain investment returns in a falling rate cycle.
The company had a market share of 8.3 per cent in the country’s mutual fund industry as of June 2021 with an AUM of Rs 2.9 lakh crore. It has over 66,000 distributors covering more than 280 locations with a presence in tier-II and tier-III cities.
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