India Inc loosens purse strings to dole out bonuses as promoters see exit opportunity
An increasing number of companies have been doling out bonus shares since the past few months. This has come as a golden opportunity for some promoters waiting to take a quick exit from their holdings, thanks to the bonus-triggered boost in liquidity in the shares.
This home furnishing midcap stock postpones bonus share date
The companys shares got ex-bonus for its bonus share in the 1:1 ratio on December 21, while the record date intimated for the purpose of determining shareholders eligibility for the bonus share issue was December 22, 2022.This is the first-ever bonus share issue announced by the company.
RBI's Monetary Policy Committee kept the repo rate unchanged at 4%. The RBI is still pursuing a policy to protect the economic growth since the COVID-19 outbreak. However, inflation of 5.7% is still a concern demanding urgent regulations to tackle high prices. Nevertheless, the M......read more
Biggest gainers & losers of the day: Apex Frozen zooms; Alankit drops 9%
Vinod Nair, Head of Research at Geojit Financial Services said, "Led by realty, auto, energy and banking stocks, benchmark indices extended its winning streak for the fourth consecutive day despite the fast spread of covid cases. Global sentiments were positive ahead of the release of US inflation data as the Fed Chairs testimony eased worries."
SGX Nifty down 10 points; here's what changed for market while you were sleeping
Asian markets opened mostly lower on Friday in cautious trade after Wall Street shares closed flat with investors eyeing increasing virus cases. MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.47 per cent.
Sheela Foam looking at exports, import substitution as next big opportunities
The company, which recently completed 50 years of operations, is also looking to expand into beddings related adjacent areas such as bedsheets, comforters, duvets, and beds and bedroom furniture as it embarks on the journey for the next half century.
Sheela Foam donates 500 bedding units to Sardar Patel COVID Care Centre
"As the COVID-19 situation worsens in India, it is upon each and everyone of us to step up and support the healthcare infrastructure and the corona warriors in our own small ways," Sheela Foam Managing Director Rahul Gautam said.
This is a almost *debt free* company engaged in manufacture of foam-based home comfort products as well as technical grades of polyurethane foam. The said stock is currently down about 9% since suggested price. Post suggestion stock was up 11%.
Why companies like Sri Krishna Sweets, Hazoorilal Legacy are upgrading their online presence
Premium jewellery retailer Hazoorilal Legacy launched its ecommerce portal after 68 years of being present offline. The online boutique was launched in October and is currently shipping to Mumbai and Delhi NCR at no added cost to the customer.
India turns to cardboard beds in coronavirus battle
The low-cost beds are chemically coated to make them waterproof and can hold a 300-kilogramme (660-pound) load, said Vikram Dhawan, who along with his brother came up with the design while they were stuck at home during the country's months-long lockdown.