Here’s a quick look at stocks likely to be in focus in today’s trade. Cochin Shipyard: The government has announced plans to divest a 5 percent stake in Cochin Shipyard through an Offer for Sale (OFS), with the floor price set at ₹1,540 per share. The OFS includes a base offer of 2.5 percent, … Read more
The Securities and Exchange Board of India (Sebi) has put on hold the proposed initial public offering (IPO) of SK Finance, a non-bank lender focused on vehicle finance and business loans. Without specifying reasons, Sebi stated that the “issuance of observations (has been) kept in abeyance,” as per an update on its website on Monday. … Read more
Before opting for a debt instrument, investors are often recommended to check the credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products. Each … Read more
Bajaj Finance raised its fixed deposit (FD) interest rates recently. The NBFC offers interest rate in the range of 7.4 percent to 8.10 percent. When tenure is between 12-14 months, the annual interest is 7.40 percent. Bajaj Finance FDs are rated AAA/Stable financial instruments by Crisil. And when FD tenure is between 15-23 months, the … Read more