&w=3840&q=100)
Stock Market LIVE: Sensex, Nifty listless; SMIDs in red; Tata Motors, Zen Tech shares slip up to 4%
10:48 AM
Stock Market LIVE Updates: GNG Electronics shares list at 50% premium; should book profit or hold?
Stock Market LIVE Updates: Shares of laptops and desktops refurbisher GNG Electronics made a solid D-Street debut on Wednesday, July 30, following the completion of its initial public offering (IPO). GNG Electronics shares listed at ₹355 on the National Stock Exchange (NSE), marking a premium of ₹118 or approximately 49.79 per cent over the issue price of ₹237.
The market analysts suggest the investors book a partial profit in the company's shares. Post-listing, the valuations, Prashanth Tapse, senior VP (Research), Mehta Equities said, appear stretched, limiting immediate upside potential from current levels. READ MORE
10:26 AM
Stock Market LIVE Updates: JSW Steel shares off morning highs
Stock Market LIVE Updates: JSW Steel share price advanced nearly 2 per cent in the intraday trade today after the Supreme Court agreed to hear the steel company's review petition in the Bhushan Power and Steel Ltd (BPSL) case.
JSW Steel shares hit a high of ₹1,052 per share before paring gains to quote around ₹1,040 on the BSE.
Reports suggest the apex court agreed to hear JSW Steel's review petition against its May 2 verdict, which had annulled the company's ₹19,350 crore acquisition of BPSL and directed the liquidation of the company.
The review petition will be heard in an open court.
9:25 AM
Stock Market LIVE Updates: Index heatmap check
Stock Market LIVE Updates: L&T, NTPC, BEL, Sun Pharma and Bajaj Finance were among the top gainers from the Sensex pack. Whereas, Tata Motors, HUL, ICICI Bank, Eternal (Zomato) and ITC were among the top laggards.
9:23 AM
Stock Market LIVE Updates: Sectoral indices show mixed trends
Stock Market LIVE Updates: Nifty Energy was among the top-performing sectoral indices, up by 0.27 per cent. On the flip side, Nifty Auto was the worst performing index, down by 0.68 per cent.
9:21 AM
Stock Market LIVE Updates: A glance at broader markets
Stock Market LIVE Updates: In the broader markets, NSE Midcap 100 index opened 0.06 per cent higher and Nifty Smallcap 100 index was up by 0.42 per cent.
9:19 AM
Stock Market LIVE Updates: Sensex opens higher at 81,433
9:17 AM
Stock Market LIVE Updates:Nifty50 opens in green
Stock Market LIVE Updates: Nifty50 opens in green at 24,828.75 levels, up by 8.30 points or 0.03 per cent.
Load More
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
New Delhi, Aug 2 (PTI) HCLTech CEO C Vijayakumar earned USD 10.85 million (about ₹ 94.6 crore) in the financial year 2024-25, making him one of the highest-paid executives in the Indian IT sector and surpassing the earnings of chiefs at larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about ₹ 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. For the same period, TCS CEO K Krithivasan's remuneration was ₹ 26.52 crore, while Infosys CEO Salil Parekh earned ₹ 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about ₹ 53.64 crore) and Tech Mahindra CEO Mohit Joshi ( ₹ 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. "Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from ₹ 1,15,000 crore on March 31, 2016, to ₹ 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times," the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. "The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years," the report said. HCL Technologies posted a 9.7 per cent drop to ₹ 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. Shares of HCLTech settled 0.98 per cent lower at ₹ 1,452.95 apiece on the BSE on Friday.
New Indian Express
5 hours ago
- New Indian Express
ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%
ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 31st July 2025. With an effective yield of up to 12.62%, this offering presents an attractive and secure investment opportunity for those seeking flexible tenures. Following the remarkable response to our previous NCD issues, which were oversubscribed, we are truly honoured by the trust and confidence placed in us by our valued investors. This continued support inspires us to deliver even more robust financial solutions tailored to the evolving needs of our customers. The NCD issue will remain open until 13th August 2025 and is rated CRISIL BBB- /STABLE. Each NCD carries a face value of ₹1,000,and the issue offers 10 schemes with ten options (10 ISINs), with interest rates ranging from10.50% to 12.00%. The minimum application amount is ₹10,000, making it accessible to a broad spectrum of investors. Proceeds from this issue will be strategically deployed to support ICL Fincorp's growth initiatives and further enhance the quality of services offered to our customers and stakeholders across India. This step reaffirms our commitment to delivering reliable, innovative and customer-centric financial solutions. With a legacy of 34 years, ICL Fincorp continues to serve as a trusted financial partner under the visionary leadership of CMD, Adv. K.G. Anilkumar. Our growing presence spans 9 states – Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal – as we move steadily towards establishing a pan-India footprint. The acquisition of Salem Erode Investments, a BSE-listed NBFC with a 93-year history in Tamil Nadu, has further reinforced our position in the financial sector. ICL Fincorp offers a comprehensive portfolio of services, including Gold Loans, Hire Purchase Loans and Business Loans. The ICL Group has also diversified into sectors such as travel, fashion, diagnostics and charitable initiatives. Under the joint leadership of CMD Adv. K.G. Anil Kumar and Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp, continues to operate in compliance with the Reserve Bank of India's standards, while earning the enduring trust of customers. As we unveil this new NCD issue, we warmly invite you to be a part of our journey towards financial growth, security and long-term value. (This is a press release and has not been vetted by our editorial team. All investments are subject to market risk. Do assess and decide.)
Indian Express
8 hours ago
- Indian Express
NSDL IPO allotment date next week; know how to check status online via PAN
NSDL IPO: Following the close of the subscription of initial public offering (IPO) of National Securities Depository Limited, all eyes of the investors will now be on the finalisation of the allotment of shares. The NSDL IPO allotment will take place next week. The NSDL IPO was opened on July 30 and concluded on August 1. The Rs 4,011-crore initial share sale got bids for 1,44,03,92,004 shares against 3,51,27,002 shares on offer, translating into 41.01 times subscription, as per NSE data, reports PTI. According to the PTI, NSDL IPO received 41 times subscription on the closing day of bidding. Qualified Institutional Buyers (QIBs) garnered 103.97 times subscription. The category for non-institutional investors received 34.98 times subscription and the portion for Retail Individual Investors (RIIs) got subscribed 7.73 times. NSDL has a price band of Rs 760 to Rs 800 per equity share. The NSDL IPO is likely to be finalised on August 4 (Monday). The allotment status will be released online on the official website of the registrar – MUFG Intime India Private Limited. Additionally, the allotment status will also be made available on the official website of the BSE. NSDL IPO Allotment Status Check on MUFG Intime India Private Limited – NSDL IPO Allotment Status Check on BSE Direct Link – NSDL shares are proposed to be listed on BSE. The listing will likely take place on August 6. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. (With inputs from PTI)
