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Sarveshwar Foods is primarily engaged in the business of processing and marketing of various types of rice in the domestic and international markets. Sarveshwar Foods, engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice, entered the capital market with an initial public offer of 64, 67,200 equity shares. The company has fixed price band at Rs 83-85 per share. The funds raised through the public issue are proposed to be utilized to part finance the working capital requirement, invest in subsidiary- Himalayan Bio Organic Foods Private Limited, meet issue expenses and for general corporate purposes. Established in 2004 and headquartered in Gummat in Jammu & Kashmir, Sarveshwar Foods is primarily engaged in the business of processing and marketing of various types of rice in the domestic and international markets. The company currently operates through two rice milling and processing facilities i.e. at Seor

Speaking of sectors, he believes that banks are facing large headwinds currently in terms of asset quality issues, rising yields, and credit growth. Barring the moves in March series, 2018 for the market is one that it could choose to forget. This especially after the Street had the fantastic run it had in 2017, backed by domestic flows and an all-around bullishness in the market. At the end of February series on the Nifty, the Street had taken a hit of around 6 percent so far in 2018. Though March series began strong, a phase of consolidation has been visible in the last two days. However, Kenneth Andrade, Founder, and CEO, Old Bridge Capital Management believes the current correction is just a response to weakness in the global markets. In fact, the current situation in the market is a fine opportunity, he believes. “The Street is giving you the opportunity to invest money now. 2018 is going to be the year to build a portfolio,” Andrade told CNBC-TV18 in an int

The following article is an initiative of NSE and is intended to create awareness among the readers. Financial planning can be boring but it is an indispensable part of our lives. Money management is important in order to attain financial goals and become wealthy.Wealth management involves a lot of discipline and patience. Once you bring in the discipline in financial management, there’s no looking back as money is bound to grow. Money matters involve seriousness and bad habits have to die to become smart about finances. There’s no way of making money with callous attitude. To be financially independent and lead a stress-free life, certain money making mistakes have to be avoided right from the beginning. Here are six common money-making mistakes one should avoid at all costs: 1.  Not starting early As young adults, many people avoid saving and investing in the 20s. They are casual about money and put money management on the backburner. This is the worst mist

By Aaron Sheldrick TOKYO    - Oil prices fell for a second day on Wednesday as weak Chinese factory data triggered concerns of an economic slowdown that could lower oil demand and, in the United States, industry data showed an increase in crude stockpiles amid its soaring output. U.S. West Texas Intermediate crude was down 41 cents, or 0.65 percent, at $62.60 a barrel by 0342 GMT, after falling 90 cents the previous session. Brent crude was down 40 cents, or 0.6 percent, at $66.23 a barrel. On Tuesday, the contract fell 87 cents to close at $66.63. Traders said oil prices declined on concerns a slowdown in global economic growth after China reported on Wednesday that factory growth in February slowed to the lowest since July 2016. China is the world's second-biggest economy and the biggest importer of oil. Crude oil demand is highly correlated to economic growth. While the week-long Lunar New Year holiday this month disrupted business activity, traders also po

The company entered into an agreement with Roche Pharma under which Cipla will promote and distribute tocilizumab (Actemra) and Syndyma, the 2nd brand of Roche’s cancer therapy, bevacizumab (Avastin) in India. Shares of Cipla rose 1 percent in the early trade Wednesday on a partnership with Roche Pharma. The company entered into an agreement with Roche Pharma under which Cipla will promote and distribute Tocilizumab (Actemra) and Syndyma, the 2nd brand of Roche’s cancer therapy, bevacizumab (Avastin) in India. This partnership is in line with Cipla and Roche’s efforts to improve healthcare and increase access to innovative, life-changing medicines in India, particularly to patients who currently do not have access to them. Umang Vohra, MD & Global CEO of Cipla said, “The prevalence of cancer and rheumatoid arthritis is widely spread across India, and Cipla can contribute to providing broader access to innovative medicines like tocilizumab and bevacizumab. We look forw

Fortis | Binani Cement | United Bank Of India | ICICI Bank | Aurobindo Pharma | ABC India | Atlas Cycles | DLF | Cipla | BPCL | HDFC | Bharat Forge | Sadbhav Infra | L&T Infotech | Reliance Industries and TVS are stocks, which are in news today. Here are stocks that are in news today:  Fortis Healthcare -In relation to the news of attachment of assets of Singh, brothers confirm that Delhi HC on February 26 pronounced an order for enforcement of an earlier order dated January 31, 2018 -Says company is not a part of the ongoing proceedings in the Delhi High court and not impacted by the outcome Banking sources say - Dalmia Bharat -Piramal Bain consortium emerge the highest bidder for Binani Cement - UltraTech Cement & Dalmia’s bids were approximately Rs 6,200-6,300 crore each -IDBI Bank, Edelweiss Group lead lenders in the consortium Alert - Binani Cement has a debt of Rs 3,880 crore & corporate guarantee of Rs 2,420 crore

Fixed Maturity Plans offer better post-tax returns as compared to fixed deposits and other short-term debt funds. This is possible due to the indexation benefit. Have you considered investing in Fixed Maturity Plans (FMPs)? FMPs are close-ended debt mutual funds with a maturity period which could range from one month to five years. These funds usually invest their corpus in highly-rated securities, AAA corporate bonds, certificates of deposits (CDs), commercial papers (CPs), and even bank fixed deposits among others. At a time when interest rates on fixed deposits and other small savings are coming down, FMPs might be a good option for those seeking assured income from their investments. “FMP invests in securities that are not easily offered to retail investors, which allows individuals to access the unreachable securities. The money collected by FMPs from investors is invested in debt instruments. These include instruments like Non-Convertible Debentures (NC

Public sector banks have been suffering due to rising non-performing assets. Over the last three years, the Nifty PSU Bank Index has fallen at a compounded annual rate of 4.92%. If you have been tracking financial news, you must be aware of the alleged LoU (Letter of Undertaking) scam in Punjab National Bank and the resultant free fall in the share prices of leading public sector banks. The Nifty PSU bank index has lost 15.73 percent over the past month. Understandably, many retail investors are worried about this steep fall. But for some savvy investors, this fall presents an investment opportunity. “The PSU banks have got their lessons. Most of the large losses are out and the prices at which the PSU banks are quoting makes them good investment candidate,” says Feroze Azeez, deputy CEO of Anand Rathi Private Wealth Management. Public sector banks have been suffering due to rising non-performing assets for some time now. Over the last three years, the Nifty

The board at its meeting held on February 26 accorded its approval for the allocation of the entire assets of the two mini hydel power plants. The share price of Sagar Cements rose 2 percent intraday Tuesday as company approved the acquisition of two hydel power plants. The board at its meeting held on February 26 accorded its approval for the allocation of the entire assets of the two mini hydel power plants. It includes one plant with a capacity of 4.3 MW located at Guntur Branch Canal, Narasaraopet, Guntur District and the other with a capacity of 4 MW located at Lock-insula, Atmakur, Kurnool in the state of Andhra Pradesh both belonging to Sagar Power, a related party, for a sum not more than Rs 26.90 crore. The above approval is subject to the regulatory approvals as may be required to be obtained by Sagar Power for the sale of its above-said units. This proposed acquisition by Sagar Cements will help in its efforts to meet its power requirements from re

The market breadth was in favor of the declines with 696 stocks advancing while 847 declined and 463 remained unchanged. On the other hand, in the BSE, 949 stocks advanced and 868 declined and 87 remained unchanged. The Indian benchmark indices were trading on a positive note on Friday morning with the Nifty gaining 16 points at 10,598 while the Sensex gained 84 points or 0.25 percent. The nifty energy was the outperforming sector with the Index jumping 1 percent led by stocks including GAIL India, IOC, ONGC and Reliance Industries among others. The PSU banking index was down 1.6 percent as stocks like Punjab National Bank tanked over 7 percent after the Bank has revealed that the quantum of the fraud it reported a couple of weeks ago could increase to Rs 12,700 crore, up from Rs 11,400 crore. The other top losers included Bank of Baroda, Bank of India, Syndicate Bank and OBC. State Bank of India was down 0.77 percent while Allahabad Bank shed 1.6 percent.

L&T, NTPC, and KNR, among others, are being tracked by investors on Tuesday. ACC-Ambuja Brokerage: CLSA The global research firm believes that transaction costs seem to be prohibitive between ACC and Ambuja. The merger could not happen unless there is a regulatory change. Having said that, the ultimate goal for the two is to still merge, as per the management it said. CLSA has a buy call on Ambuja with a target of Rs 325, while the rating is same in case of ACC a well. The target, in this case, is Rs 2,150. Brokerage: Credit Suisse Credit Suisse said that the full merger proposal replaced by material swap agreements. Overall, it remains cautious on the cement sector. Brokerage: Deutsche Bank The global investment bank said that issues & costs w.r.t transfer of limestone mines a key constraint in the merger. Further, the interim arrangement between the companies is likely to be on logistics. It prefers ACC to Ambuja on valua