Think India Opportunities Master Fund sold 616,553 shares of Capacite Infraproject at Rs. 144.6 apiece through a bulk deal on the National Stock Exchange. The fund had on Tuesday sold 1.4 million shares of the company through a bulk deal.
The online festive season sales, which starts from Navratri and goes on till Dhanteras, is the largest revenue grosser in Indian ecommerce.
Tata Sons profit more than doubled in fiscal 2021 on the back of gains made from participating in the share buyback programme of TCS. Profit zoomed 142% to Rs 6,512 crore from Rs 2,680 crore in FY20.
To make the record-keeping process related to securities traded in the market more secure, Sebi on Wednesday asked depositories to use distributed ledger technology — popularly called blockchain technology — to record and monitor credit ratings of non-convertible debentures (NCDs)
P&G Hygiene and Health Care reported a 29.2 per cent decline in its net profit at Rs 48.98 crore for the quarter ended June 2021. The company follows the July-June fiscal.
​​The QIP was fully subscribed and saw a strong response from foreign as well as from domestic qualified institutional buyers, it said in a statement.
The global inflationary pulse was also in the headlines as the South Korean central bank raised its base rate by 25 basis points to 0.75%, the first major economy in Asia to do so, after Sri Lanka hiked its base rate last week.
Brent crude was down 45 cents, or 0.6%, at $71.80 a barrel by 0222 GMT, having risen 1.7% on Wednesday. US oil was down 55 cents, or 0.8%, at $67.81 a barrel, after gaining 1.2% in the previous session.
A raft of indicators from consumer surveys to derivatives suggest that without fresh catalysts markets could be in for a pause or even a reversal over the autumn months. Speculators have also been piling into the dollar, with positioning at its highest in a year.
There have been few major moves ahead of the Kansas Fed’s virtual Jackson Hole symposium, where Chair Jerome Powell on Friday may provide insight into how and when officials will start pulling back their bond market support. That will set the timetable for how soon the Fed will raise interest rates.
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