Sundar Sethuraman

Articles By Sundar Sethuraman

33 Articles

Fundraising via QIPs in 2018 so far less than half of same period last year

The total amount raised by companies through the qualified institutional placement (QIP) route in the first seven months of 2018 at Rs 15,963.39 crore is less than half the Rs 34181.52 crore raised in the same period in 2017.

ITC regains lost ground, pips HUL to become 4th largest firm in mkt value

The shares of ITC gained 5.24% on Friday after the company reported better-than-expected first quarter earnings. ITC once again overtook Hindustan Unilever in terms of market capitalisation after two months.

itc, itc share

You just can’t beat a Bajaj, literally: With 57% gain, Bajaj Finance is the best performing Nifty stockin 2018

Analysts expressed concerns that Bajaj Auto’s strategy to gain a more significant share of the low-cost two-wheeler market would heighten competition and hurt the profit margins of both companies.

TCS hits record high on strong Q1 results

Shares of Tata Consultancy Services (TCS) soared 6.3% in intra-day trades hitting a record high on Wednesday after the software major reported better than expected results on Tuesday.

Tata Consultancy Services board okays up to Rs 16,000 crore buyback

The country’s biggest software services firm proposes to repurchase 7.61 crore shares at a price of Rs 2,100 each, a 14% premium to the stock’s closing price of Rs 1,841.45 on Friday on the BSE.

Banks Lead Rally: Rate-sensitive stocks rise after repo rate hike

Shares of Bosch rose by 5.77%, Tata Motors by 3.56%, while Eicher Motors rose by 2.17% and Exide Industries saw an uptick of more than 1.92%.

rate sensitive stock, repo rate, RBI, stock rise

Local, global jitters spook markets

Indian equities took a sound beating on Friday as fresh fears over political, regulatory and global developments spooked investors. Benchmarks Sensex and Nifty ended the day with losses of over 1.5% each.

sensex today, indian stock market today, nifty today, nse, bse, volatile indian market, market closing, indian shares, indian equities

IT firms push buyback offers to 20-year high of Rs 49,000 cr in FY18

In FY18, 41 companies completed their share repurchase offers worth Rs 49,067 crore.

tcs, it firms, it sector

IRCON to file for Rs 550-cr IPO soon, issue likely to hit markets by June

The government in Union Budget 2017-18 announced the listing of shares of railway public sector enterprises (PSEs), IRCTC, IRFC and IRCON. For FY18 the government had set itself a disinvestment target of Rs 72,500 crore, but

IRCON, IPO, IRCON International, DRHP, government's disinvestment, mass rapid transit systems, MRTS,  IRCTC, IRFC, IRCON, IPO, markets, EHP, sub-stations, mass rapid transit systems, MRTS

Double Whammy: PSBs call it quits for now on QIPs

New NPA norms and the PNB scam pour cold water on fund-raising plans amid hammered shares

PNB scam, Andhra Bank, Canara Bank,  equity market, QIP, NPA, Reserve Bank of India, PSU Bank Index, Kotak Mahindra Bank, United Bank of India, NPA norms

Here’s why so many SMEs from Gujarat, Maharashtra are planning IPOs in 2018

Year 2017 turned out to be one of the best years for primary markets in India. Over Rs 67,000 crore were raised in the initial public offering (IPO) market by the Indian Inc. last year. The stellar performance by the Indian s

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Bank of Baroda set to float whopping $1 billion QIP

Public sector lender Bank of Baroda is expected to float its $1-billion qualified institutional placement (QIP) of shares in the next two-three weeks, sources with direct knowledge of the development said.

bank of baroda, national stock exchange, full stake in nse, net price basis, reb, nse, net price, qualified institutional placement

Record close: Sensex, Nifty end 2017 on a high – Here are details

Gains of 28% and 29%, respectively, are the best performances by these indices since 2014

markets, Sensex, Nifty, 2017 sensex, nifty 2017, record close sensex nifty

Private equity in 2017: Deals in India scale record highs

This year has been the biggest year for venture capital and private equity (PE/VC) investments in the past decade.

Private equity, PE/VC, capital and private equity, investments

ADV Partners sells Rs 260-cr stake in Amber pre-IPO

Private Equity firm ADV Partners has diluted a part of its stake in Amber Enterprises for about Rs 260 crore in a pre-initial public offer (IPO) round.

ipo, indiamart

India Inc raises record Rs 49,000 cr via QIPs: Prime Database

A total of 33 companies took the QIP route in 2017 to raise `49,702 crore, data sourced from Prime Database revealed.

India Inc, India Inc raises record, Prime Database, qualified institutional placement, QIP route, Prime Database revealed

Fund raising through IPOs at 28-year high, crosses Rs 44,000 crore in 2017

With the offering of General Insurance Corporation (GIC) fully subscribed last week, fund-raising through initial public offerings (IPO) has crossed Rs 44,000 crore in 2017.

funds through IPOs, IPOs, IPOs in india, IPO industry, General Insurance Corporation, initial public offerings, insurance firms, insurance firms in india, IPO of New India Assurance, SBI Life, GIC Re, BSE, HUDCO, ICICI Lombard

Women empowerment at India Inc? The number at NSE listed firms will shock you

Around 637 or 38% of the 1,670 companies listed on the National Stock Exchange (NSE) will need to appoint at least one independent woman director if the recommendations of Uday Kotak panel on corporate governance are accepted

India Inc, women empowerment, NSE

Equity fund raising may hit whopping Rs 1 lakh cr in 2017

Fund -raising via the equity route could hit Rs 1 lakh crore in 2017, with companies and financial institutions having mopped up close to `93,000 crore so far.

Equity fund, Equity fund raising, financial institutions in india, IPOs, liquidity in market, offers for sale, stock market, stock market in india, qualified institutional placements, Basel III requirements, ICICI Lombard, BSE, HUDCO, CDSL, Avenue Supermarts, Shankara Building Products, S Chand and Company

Companies raise Rs 64,400 cr by issuing equities so far in 2017

Companies and financial institutions have mopped up close to Rs 64,429 crore in 2017 so far with the government raising Rs 9,193 crore through a share sale in power utility NTPC.

fund, sensex, Nifty

Infosys stock surges 4 pct on share buyback proposal

The Infosys stock rose by 4.54% on Thursday ending the session at Rs 1021.15 after the IT major said on Wednesday its board would meet on Saturday to consider a proposal to buy back its shares.

Infosys, Infosys news, Infosys latest news, Infosys share, Infosys share buyback

Companies and financial institutions mop up close to Rs 56,000 crore by way of fund raising through equities

Companies and financial institutions have mopped up close to Rs 56,000 crore by way of fund-raising through equities so far in 2017. This is about 20% higher than the amount of Rs 46,733 crore raised in 2016.

financial institutions, IPO, OFS, Qualified Institutional Placements, BSE, State Bank of India

Money raised through QIPs in January-June crosses Rs 34,000 cr

The total amount raised by companies through the qualified institutional placement (QIP) route has hit nearly Rs 34,000 crore in the first half of 2017, a year in which the stock markets have hit new highs.

qualified institutional placement, QIP, State Bank of India, Kotak Mahindra Bank, private lender bse

Reliance Industries shares soar 3.4 pct, hit 9 year high

The share price of Reliance Industries rose 3.4% on Friday to hit a nine-year high.

Reliance Industries, Reliance Industries news, Reliance Industries latest news, Reliance Industries shares, Reliance Industries share price

Listed since 2014, 48 of 64 BSE firms trading above issue price

Investors who bet their savings on initial public offerings (IPOs) in the past few years have reason to cheer. Three-fourths of the companies — 48 of a total of 64 — which were listed between 2014 and now are trading abov

ipo, fraud ipos, funds trading above their price, frims trading price, bse

Madhya Pradesh liquor ‘ban’: United Spirits, United Breweries, Radico Khaitan, other liquor stocks plunge

Liquor stocks have fallen in the previous seven sessions after Supreme Court on March 31 said there will be no liquor sale in hotels and restaurants or liquor outlets within 500 metres of the state and national highways

Buybacks at 19-year high; Wipro on top at Rs 2,500 cr

With nearly 50 companies launching buyback offers, shares worth R34,468 crore were bought back in 2016-17, the highest in 19 years.

buyback offers, Wipro, NMDC’s buyback offer, MOIL, Nalco, NMDC, Coal India, Bharat Electronics, Coal India, NHPC, capitalisation, HCL
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