News for Paramount Communications Limited (PARACABLES.NS)

The board of directors of Paramount Communications Ltd. had approved raising funds through equity shares or other securities, by issuing a qualified institutional placement for Rs 400 crore on Thursday, according to an exchange filing on BSE.

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 5, 2024.

ASK Automotive is a manufacturer of advance braking systems (ABS) for two-wheelers in India as well as overseas. It has 15 manufacturing units spread across five states in the country.

The company raised Rs 71.28 crore via public issue to be used mainly for setting up a new unit for house wires, fire-resistant wires and cables, aluminium cables and solar cables to expand the product portfolio.

Plaza Wires IPO | The demand for its equity shares also remained strong in the grey market, trading with 42 percent premium over the issue price, analysts said

Plaza Wires IPO Managed by Pantomath Capital Advisors Sees Record-Breaking Subscription

Stock Market News Live: Sensex and Nifty slipped into the red after opening higher in early deals on Monday amid weak cues from the Asian markets. Investor sentiment got hit by recession fears in the US and hawkish commentary from major central banks.

Indian benchmark indexes are trading lower today, on September 2. The Nifty 50 stood at 17,508.10 points, and Sensex stood at 58,621.85 points, till 10.24 am today. Nifty & Sensex opened green today but plunged later on weak global cues. The IT and oil stocks tumbling significantly.