Ripples Advisory Private Limited is one of the pioneers in the Indian financial tips industry to adopt best practices in research and delivery of its services to clients. Our company believes on the maximum customer support and prompt solution of all the queries regarding stock market. We are the SEBI registered advisory firm in India & provide you all investment recommendation in both segments.
Rising demand for piped natural gas (PNG) from industrial users augurs well for Gujarat Gas. The company derives about 72 percent of its sales volumes from the industrial segment as against 12 per cent for Indraprastha Gas (IGL) and 14 per cent for Mahanagar Gas (MGL) and hence is best placed to benefit from the higher growth of industrial volumes. Falling liquefied natural gas (LNG) prices globally will expedite the shift towards LNG from other coal-based fuels. Industrial PNG volumes could double to about 10 million metric standard cubics ...
State Bank of India (SBI) on Friday said it plans to dilute 10 per cent of its stake in insurance venture SBI Life through a public offer. The executive committee of central board accorded in-principle approval for initial public offer (IPO) of shares, SBI said. SBI Life Insurance is a venture of the bank and BNP Paribas Cardif. SBI owns 74 percent of the total capital and BNP the rest. BNP ruled out increasing its stake in SBI Life to 49 per cent ahead of the proposed initial public offering slated for next year.
Capital mobilization through the Initial Public Offer (IPO) route hit a six-year high in 2016-17. A total of 25 companies collectively raised Rs 28,220 crore, the highest since 2010-2011. A supportive secondary market and encouraging performance after the stock listed had kept investor sentiment buoyant towards the primary market. Investment bankers say the next financial year (starting April 1) could be even better, with big-ticket offerings like the National Stock Exchange, IPOs of state-owned General Insurance Co and of other public sector undertakings (PSUs) such as Cochin Shipyard.
The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL). The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.
Shares of private sector lender YES Bank advanced nearly 2 per cent on the Bombay Stock Exchange (BSE) after a media report suggested that the bank would raise up to USD 600 million with Greenshoe Option of USD 150 m via QIP. In a clarification to exchange, the bank has said that its board had passed resolutions in April and October last year allowing the bank to raise USD 1 billion equivalent (including premium) in the rupee of capital through QIP.
The Commerce Minister has said that the implementation of GST, the new indirect tax regime, would help remove barriers between the states and make exports more competitive. Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, "GST (Goods and Services Tax) gives a feeling that market in India is one now and there are no barriers between regions or provinces.”
Finance Minister Arun Jaitley said supporting legislations for implementation of goods and services tax will be introduced in Parliament next week. The finance minister maintained that GST is likely to be rolled out from July 1. Jaitley said there is long procedure before the Bills are introduced in Parliament and the GST Council cleared those four bills only last week. Financial Advisory which means a lot to a Financial trader and we can do a best with your investments with all mandatory work skills subscribe us now and get two days Free Trial >>http://www.ripplesadvisory.com/free-trial.php
Tata Motors will raise up to Rs 500 crore via the issuance of non-convertible debentures (NCDs) on a private placement basis, said the media reports. "A meeting of the duly authorized committee was held today approving offering for subscription on a private placement basis, up to 5,000 rated, listed, unsecured, 7.84 percent coupon, redeemable, non-convertible debentures aggregating up to Rs 500 crore," Tata Motors said in a BSE filing.
Eicher Trucks & Buses, part of VE Commercial Vehicles (VECV), has introduced automated manual transmission (AMT) technology in commercial vehicles. The AMT technology will be available in the company's complete range of buses from 9 tons to 16 tons and also in the medium duty haulage truck application in the first phase and will be extended to other applications as well, the company said in a statement.
Shares of Bharti Airtel soared nearly 3 per cent in early trade on the Bombay Stock Exchange (BSE) after telecom major said it will acquire the 4G business of Tikona Networks for about Rs 1,600 crore. Buoyed by the development, shares of the company gained as much as 2.83 per cent to hit an intra-day high of Rs 348.00 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of lender climbed 1.08 per cent to Rs 342.15 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,476.76, up 144.60 points, or 0.49 percentat 10:15 hours.