Tag: equities

Digimarc prices underwritten public offering of common stock

Digimarc prices underwritten public offering of common stock

08/08/2016 14:19

Digimarc Corporation, the inventor of the Digimarc Discover® platform featuring the Digimarc Barcode for automatically identifying and interacting with virtually any media, today announced the pricing of an underwritten public offering of 1,233,333 shares of its common stock at a public offering price per share of USD 30. Digimarc Corporation has also granted the underwriters a 30-day option to acquire up to an additional 185,000 shares on the same terms and conditions to cover overallotments resulting from the offering.

Digimarc Corporation expects to receive net proceeds of approximately USD 34,572,500, after the underwriting discount and estimated offering expenses, but excluding any exercise of the underwriter’s overallotment option. The offering is expected to close on August 10, 2016, subject to customary closing conditions.

Needham & Company and Cowen and Company are acting as joint book-running managers for the offering. Craig-Hallum Capital Group and B. Riley & Co. are acting as co-managers of the offering.

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Firm physical demand lifts Zinc

Firm physical demand lifts Zinc

02/08/2016 15:28

Zinc futures rose during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the spot market.

However, the gains in the base metal were curbed by weak global factory growth which threatened to cut demand as manufacturing in the US, China and Euro area slowed in July. While the gauge measuring US manufacturing fell to 52.6 In July from a one-year high of 53.2 in June, that in China returned to contraction territory, declining to 49.9 from 50 in June, with a reading below 50 signaling contraction. The Euro area manufacturing PMI fell to 52 in July from 52.8 in June.

At that MCX, zinc futures for August 2016 contract is trading at Rs 152.2 per kg, up by 0.50 per cent, after opening at Rs 151.50, against a previous close of Rs 151.45. It touched the intra-day high of Rs 152.3 (at 15:22 hours).

Crude oil futures up by 0.71% on overseas cues

Crude oil futures up by 0.71% on overseas cues

02/08/2016 15:41

Crude oil futures were trading higher during the evening trade in the domestic market on Tuesday as traders resorted to bargain buying in the energy commodity tracking rising crude oil prices in the US after US crude broke below USD 40 per barrel in the previous session.

However, the participants said that the fuel markets continued to be dogged by excess production.

At the MCX, crude oil futures for August 2016 contract is trading at Rs 2,700 per barrel, up by 0.71 per cent, after opening at Rs 2,690, against a previous close of Rs 2,681. It touched the intra-day high of Rs 2,716. (at 15:33 hours).

Silver bulls take control

Silver bulls take control

02/08/2016 16:01

Silver futures jumped by more than 1 per cent during evening trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal tracking a bullish trend overseas as a weaker dollar bolstered the lure for the bullion as an alternative asset.

Weaker dollar makes the precious metal cheaper for those holding other currencies, thus boosting silver demand.

Further, soft US economic data raised speculation that the US Federal Reserve may hold off further tightening of interest rates in the near-term, bolstering the lure for silver as a store of value. The gauge measuring US manufacturing fell to 52.6 In July from a one-year high of 53.2 in June, indicating slowing factory expansion.

At the MCX, silver futures for September 2016 contract is trading at Rs 48,334 per kg, up by 1.29 per cent, after opening at Rs 47,679, against a previous close of Rs 47,717. It touched the intra-day high of Rs 48,350 (at 15:57 hours).

Texmaco Rail & Engineering allots 12,500 equity shares

Texmaco Rail & Engineering allots 12,500 equity shares

26/07/2016 11:20

Texmaco Rail & Engineering Ltd said that it has allotted 12,500 equity shares under the Texmaco Employee Stock option Scheme.

“The compensation committee of the company at its Meeting held on 25th july 2016 has allotted 12,500 Equity Shares of Re. 1/- each pursuant to exercise of option by its employees under the Texmaco Employee Stock option Scheme,” the company said in a filing to the Bombay Stock Exchange.

Consequent to the allotment, the paid up share capital of the company has increased from 21,03,21,598 Equity Shares of Re. 1/- each to 21,03,34,098 Equity Shares of Re. 1/- each.

Meanwhile, shares of the company were trading at Rs 104 apiece, up 0.73 per cent from the previous close at 11:23 hours on BSE.

Spot demand lifts Copper futures by 0.62%

Spot demand lifts Copper futures by 0.62%

21/07/2016 14:04

Copper futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators wideneded their positions in the industrial metal amid surge in demand at the domestic spot markets. However, the metal prices retreated in global markets on caution that supply will keep outpacing demand as data showed rising output in China, the biggest producer and user of refined metal. A stronger dollar also hit commodities priced in the currency. At the MCX, Copper futures for August 2016 contract is trading at Rs 338.50 per kg, up by 0.62 per cent, after opening at Rs 337.40, against a previous close of Rs 336.40. It touched the intra-day high of Rs 339.25 (at 13:54 hours).

Cabinet okays skill development pact with Swiss Confederation

21/07/2016 12:14

The government has approved a skill development agreement signed between India and Swiss Confederation.

“The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post-facto approval for a Memorandum of Understanding (MoU) signed between India and the State Secretariat for Education, Research and Innovation of the Swiss Confederation for cooperation in skill development,” an official statement said.

The agreement was signed on June 22 during the visit of a delegation led by Union Skill Development Minister Rajiv Pratap Rudy to Switzerland from June 20-22, 2016.

“The MoU broadly focuses on capacity building and exchange of best practices in the area of skill development. The MoU envisions the establishment of Joint Working Group (JWG) to create, monitor and review the implementation framework for the MoU,” the statement said.

The agreement will establish a framework for bilateral cooperation between the two countries in the area of skill development and will formalise and deepen this partnership, it added.

Larsen & Toubro Infotech shares lists 6% below issue price

Larsen & Toubro Infotech shares lists 6% below issue price

21/07/2016 11:45

Shares of Larsen & Toubro Infotech, IT arm of Larsen & Toubro group, listed at Rs 667, 6 per cent below the issue price of Rs 710 per share on the National Stock Exchange (NSE), in the list of ‘B’ group securities.

“The equity shares of Larsen & Toubro Infotech Ltd (Scrip Code: 540005) are listed and admitted to dealings on the exchange in the list of ‘B’ group securities,” Larsen & Toubro Infotech said in a filing to BSE.

After listing at discount, shares of company were currently trading at Rs 700.75 apiece, up 5.12 per cent, against the listing price, after opening at Rs 666.60 on Bombay Stock Exchange. In a similar fashion, stocks of the company climbed 5.67 per cent to Rs 704.80 apiece on National Stock Exchange.

The initial public offering (IPO) of company got overwhelming response from investors and subscribed 11 times, raising over Rs 2,000 crore through listing of shares.

was subscribed 11 times, attracting over one million applications, the highest for any share sale offer in at least five years.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,859.06, down 56.83 points, or 0.20 per cent, at 12:00 hours.

Aurobindo Pharma jumps over 4% on USFDA nod for Rosuvastatin tablets

Aurobindo Pharma jumps over 4% on USFDA nod for Rosuvastatin tablets

20/07/2016 11:55

Shares of Aurobindo Pharma surged over 4 per cent on the Bombay Stock Exchange after the drug maker announced that it has received USFDA approval for Rosuvastatin calcium tablets.

Boosted by the development, shares of company gained as much as 4.43 per cent in intra-day to trade at Rs 793.00 apiece, against previous closing price of Rs 759.30, on Bombay Stock Exchange.

In a similar fashion, stocks of the company climbed 3.63 per cent to Rs 788.35 apiece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,895.92, up 108.3 points, or 0.39 per cent, at 12:05 hours.

CRISIL Q2 net jumps 7.5% at Rs 69.81 cr

CRISIL Q2 net jumps 7.5% at Rs 69.81 cr

20/07/2016 12:05

Credit rating agency CRISIL Ltd has reported 7.5 per cent growth in the consolidated net profit to Rs 69.81 crore for the quarter to June, 2016.

The company had registered consolidated net profit of Rs 64.92 crore in the corresponding quarter last year, the company said in a filing to the Bombay Stock Exchange.

During the quarter under review, total income of the company increased 13.9 per cent to Rs 387.09 crore from Rs 339.91 crore in the same quarter a year ago.

Commenting on the performance, Crisil, Managing Director and Chief Executive, Ashu Suyash, said, “Crisil continues to deliver strong overall performance driven by growth in its international businesses, especially in the research and risk and analytics verticals, while domestic businesses held ground despite weak investment cycle and low credit off-take.”

In an environment of weak bond issuances and muted demand for working capital, the ratings business focused on maintaining its market position and continued to step up engagements with market participants and customers, while working on innovative structures and products, she said.

The delay in the roll-out of the new National Small Industries Corporation subsidy scheme impacted mandates for SME ratings.

In a separate filing, the company has declared second interim dividend of Rs 6 per equity share of face value of Re 1 each, for the financial year ending December 31, 2016, which will be paid on August 12. 2016.

Meanwhile, shares of the company were trading at Rs 2066 apiece, down 1.14 per cent from the previous close at 12:06 hours on BSE.