38.71 lakh EPF members withdraw Rs 44,054.72 crore since lockdown
Mon, Sep 21, 2020 5:49 PM

38.71 lakh EPF members withdraw Rs 44,054.72 crore since lockdown

As many as 38,71,664 employees provident fund (EPF) withdrawal claims worth Rs 44,054.72 crore were settled since March 25, Parliament was informed on Monday. The government had imposed the nationwide lockdown on March 25, 2020, to contain deadly coronavirus. Total 38,71,664 EPF withdrawals claims from EPF accounts worth Rs 44,054.72 crore were settled till date since lockdown was imposed.

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SBI Life Insurance inks pact with Yes Bank to sell insurance policies
Mon, Sep 21, 2020 5:41 PM

SBI Life Insurance inks pact with Yes Bank to sell insurance policies

SBI Life Insurance on Monday said it has signed bancassurance agreement with Yes Bank to offer a comprehensive bouquet of life insurance solutions to the bank’s customers. As part of the partnership, SBI Life’s diverse range of individual and group insurance solutions will be offered to the customers of Yes Bank through the bank’s branches spread across 28 states and 8 Union territories.

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Route Mobile settles the first day show at Rs 651, a massive 86% premium
Mon, Sep 21, 2020 4:43 PM

Route Mobile settles the first day show at Rs 651, a massive 86% premium

Mumbai-headquartered cloud communication services provider Route Mobile share price closed with a stellar 86 percent premium on September 21, the first day of trading on bourses. The listing and the closing prices are far ahead of Street expectations. The stock ended the first trading session at Rs 651.10 on the BSE, up 86.03 percent, with volumes of 27.26 lakh shares.

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SBI launches online portal, FAQs for COVID-19 loan restructuring scheme
Mon, Sep 21, 2020 4:39 PM

SBI launches online portal, FAQs for COVID-19 loan restructuring scheme

The country’s largest lender, State Bank of India has launched an FAQ section on its website on the loan restructuring scheme under the resolution plan announced by the Reserve Bank of India (RBI) for the COVID-19 pandemic-hit loans. Also, the bank has also launched an online portal where customers can check eligibility for the restructuring plan.

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Natco Pharma aims to diversify product portfolio in domestic market
Mon, Sep 21, 2020 4:38 PM

Natco Pharma aims to diversify product portfolio in domestic market

Natco Pharma plans to diversify its product portfolio in the domestic market as it aims to make up for a drop in business of some of its prominent product categories, according to the drug maker's Annual Report 2019-20. Informing shareholders, the drug maker said its oncology segment suffered in the last financial year due to pricing controls from the government.

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HDFC Bank clarifies on US lawsuit, says it'll 'defend vigorously' in 2021
Mon, Sep 21, 2020 4:36 PM

HDFC Bank clarifies on US lawsuit, says it'll 'defend vigorously' in 2021

HDFC Bank on Monday issued a clarification on lawsuits from US-based law firms. The private lender said in a stock exchange filing that it denies allegations and will defend itself vigorously. HDFC Bank expects its response to the lawsuit to be due in early 2021.

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Likhitha Infrastructure IPO to open on September 29
Mon, Sep 21, 2020 4:35 PM

Likhitha Infrastructure IPO to open on September 29

Oil & gas pipeline infrastructure service provider Likhitha Infrastructure is expected to launch its initial public offering (IPO) on September 29. Price band for the issue has been set at Rs 117-120 per share. The public offer consists of a fresh issue of 51 lakh equity shares. Promoters' shareholding will be reduced to 74.11 percent post-IPO. The company plans to raise Rs 61.2 crore via IPO.

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IPO Alert - Computer Age Management Services IPO kick starts today
Mon, Sep 21, 2020 11:21 AM

IPO Alert - Computer Age Management Services IPO kick starts today

Computer Age Management Services (CAMS) has opened its initial public offering (IPO) on Monday for investors. CAMS plan to raise about Rs2,240-Rs2,242cr through the issue. The IPO will be available for subscription till September 23, 2020. CAMS is offering 18,246,600 equity shares under the issue, at the lower price band of Rs1229 per equity share and upper price band of Rs1230 per equity share.

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Stock trading via mobile phones grows during lockdown
Mon, Sep 21, 2020 11:20 AM

Stock trading via mobile phones grows during lockdown

As more and more retail investors flocked to equity markets, trading in stocks through mobile phones surged during the coronavirus-induced lockdown, brokerage houses said. Going forward, the trend of trading via smartphones is going to further pick up as mobile medium enables customers to have real-time access to key developments related to trading and investments, they added.

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Jack Ma’s Ant Group is said to lift IPO funding target to $35 billion
Mon, Sep 21, 2020 11:09 AM

Jack Ma’s Ant Group is said to lift IPO funding target to $35 billion

Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale. Ant lifted its IPO target based on an increased valuation of about $250 billion, up from previous estimates of $225 billion, said the people familiar with this.

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PDS Multinational Fashions subsidiary's £2.5 lakh investment in Hydrocotton
Mon, Sep 21, 2020 10:54 AM

PDS Multinational Fashions subsidiary's £2.5 lakh investment in Hydrocotton

PDS Multinational Fashions Limited intimated the exchanges on Saturday that Apex Black Limited, Hong Kong, one of the subsidiaries of the company has entered into an Agreement on September 18, 2020 for making an investment of GBP 250,000 in Hydrocotton Limited, to acquire 16.56% shareholding on fully diluted bassis.

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TikTok Global plans IPO, says ByteDance
Mon, Sep 21, 2020 10:41 AM

TikTok Global plans IPO, says ByteDance

China's ByteDance said on Monday that TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm that will control the video platform's U.S. operations. ByteDance said in a statement TikTok Global will also conduct a pre-IPO round that will leave ByteDance with an 80% stake in the firm.

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Chemcon Speciality Chemicals IPO opens today: Should you subscribe?
Mon, Sep 21, 2020 10:38 AM

Chemcon Speciality Chemicals IPO opens today: Should you subscribe?

The Rs 318-crore public issue of Chemcon Speciality Chemicals, the specialised chemicals manufacturer, opens for subscription on September 21 with a price band at Rs 338-340 per share. The public offer consists of a fresh issue of Rs 165 crore and an offer for sale of 45 lakh equity shares (Rs 153 crore at upper price band) by promoters Kamalkumar Rajendra Aggarwal and Naresh Vijaykumar Goyal.

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Adani Green share price gains as Vanguard buys 1.3 crore shares
Mon, Sep 21, 2020 10:35 AM

Adani Green share price gains as Vanguard buys 1.3 crore shares

Adani Green Energy share price gained in the morning session on September 21 after Vanguard Group Inc acquired shares in the company. According to data available on NSE, Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series of V I E I F acquired 1,30,84,019 equity shares in the company at Rs 666.96 per share.

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Route Mobile makes stellar debut, list at 105% premium over issue price
Mon, Sep 21, 2020 10:33 AM

Route Mobile makes stellar debut, list at 105% premium over issue price

Shares of Route Mobile Ltd made a stellar stock markets debut on Monday. The stock listed at ₹717 a premium of 104.85% over its issue price of ₹350 a piece. The ₹600-crore issue of Route Mobile was subscribed 73 times with a price band of of Rs345-Rs350 per share. The initial public offering (IPO) was open for subscription during 9-11 September.

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