IREDA Plans to Raise Funds Through QIP The Indian Renewable Energy Development Agency (IREDA) has received crucial approval from the Department of Investment and Public Asset Management (DIPAM) to proceed with raising funds via a Qualified Institutional Placement (QIP). The agency aims to raise approximately ₹4,500 crore by issuing fresh equity shares. As of September ...
Arcade Developers’ IPO Surges Ahead with Strong Investor Interest Mumbai-based Arcade Developers, a prominent player in the real estate sector, is witnessing remarkable enthusiasm from investors for its Initial Public Offering (IPO). As of September 18, the IPO has been subscribed 27.06 times, indicating robust demand for the shares offered. The price band for this ...
Northern Arc Capital IPO Overview Northern Arc Capital has recently launched its Initial Public Offering (IPO), which has garnered significant interest from investors. With the IPO subscription showing robust demand, the overall response has been nothing short of impressive. By the third day of the subscription period, the IPO has been subscribed a staggering 20.18 ...
US Federal Reserve Implements Significant Rate Cut Introduction: In a surprising move, the US Federal Reserve has announced a substantial interest rate cut of 50 basis points, a decision that marks its first reduction since the onset of the COVID-19 pandemic. This announcement was made on September 18 at 11:30 AM Indian time, signaling a ...
Western Carriers India IPO: A Strong Market Response The Initial Public Offering (IPO) of Western Carriers India Limited, a prominent logistics company, has garnered significant interest from the investment community. As of the fourth day of subscription, this IPO has been oversubscribed 13.89 times, indicating a robust demand for the issued shares. Investors have submitted ...
Economic Growth of South Indian States: A Comparative Overview The five major states of South India—Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu—have witnessed substantial economic growth since the liberalization of the Indian economy in the early 1990s. Back in 1991, their per capita income was lower than the national average. However, following decades of ...
VA Tech Wabag: A Multibagger Stock Journey VA Tech Wabag has emerged as a remarkable performer in the stock market, with shares doubling in value over the past six months. This surge can be attributed to various factors, including strong financial performance and strategic initiatives. As of March 15, 2024, the stock was priced at ...
Cube Highways Trust: Major Block Deal Announcement Cube Highways Trust, a prominent player in the private sector toll road operating industry, is set to initiate a significant block deal valued at Rs 1,675 crore (approximately $200 million) on September 19. According to insider sources, the transaction encompasses multiple entities within the Cube Highways ecosystem, including ...
Global Economic Outlook: The Impact of U.S. Interest Rates and China’s Slowdown At a recent summit in Singapore, financial experts gathered to discuss the implications of potential interest rate cuts by the U.S. Federal Reserve. While some anticipations were rooted in optimism, it was clear that the prevailing concerns surrounding China’s economic slowdown are likely ...
NTPC Green Energy IPO: A Groundbreaking Move Towards Renewable Energy In a significant development for the renewable energy sector, NTPC Green Energy has officially submitted its application for an Initial Public Offering (IPO) on September 18. The company aims to raise a substantial Rs 10,000 crore (approximately $1.19 billion) by issuing fresh equity shares, with ...
Rhetan TMT Experiences Remarkable Share Surge On September 18, 2024, Rhetan TMT showcased an impressive rise in its share price, climbing over 11%. The company’s shares closed at ₹16.93 on the Bombay Stock Exchange (BSE), marking a daily gain of 5.68%. During trading, the stock peaked at its 52-week high of ₹17.85, reflecting growing investor ...
Ellenbarrie Industrial Gases IPO: A Strategic Move for Growth Ellenbarrie Industrial Gases, one of India’s oldest industrial gas manufacturers, is set to launch an Initial Public Offering (IPO) to raise essential funds aimed at both growth and financial stability. The company has submitted draft papers to the Securities and Exchange Board of India (SEBI) for ...
Market Overview: BSE Sensex and Nifty Performance The Indian stock market experienced a modest decline on September 18, 2023, with the BSE Sensex closing at 82,948.23, down 131.43 points, equivalent to a 0.16% decrease. Similarly, the Nifty witnessed a drop of 41 points, also reflecting a 0.16% fall, concluding the day at 25,377.50. This downturn ...
Sunshine Capital Ltd. Expands into Mutual Fund Distribution Sunshine Capital Limited, a prominent player in the financial services industry, has made headlines with its recent decision to venture into the mutual fund distribution market. On September 18, the company’s board granted approval for this strategic initiative, which aims to leverage new opportunities within the customer-focused ...
Overview of Reliance Power’s Recent Surge Reliance Power Share Price: Reliance Power has experienced a remarkable surge today, with the company shares jumping 5% to hit the upper circuit at ₹32.98. This incredible demand is attributed to the announcement that Reliance Power has fulfilled its obligation as a guarantor for Vidarbha Industries Power (VIPL), clearing ...
Hindalco Industries to Enter Solar Module Manufacturing The Aditya Birla Group’s Hindalco Industries is gearing up to launch its solar module manufacturing operation, with plans for a production facility in Gujarat. This move marks a significant step for Hindalco as it aims to tap into the booming solar energy sector, which is becoming increasingly competitive. ...
Gold Rate Today in India: As the Shraadh Paksha commences today, Wednesday, the gold prices in India have witnessed a slight decline. After surpassing the Rs 75,000 mark yesterday, gold prices have reduced slightly, with a decrease of Rs 200. Additionally, silver has also seen a significant drop, trading at Rs 91,900, down Rs 2,000 ...
Oracle’s Remarkable Growth in the AI Sector Oracle Corporation has recently emerged as a significant player in the rapidly evolving field of Artificial Intelligence (AI). Despite a challenging August for tech stocks, Oracle’s shares soared by 14% last week, reaching an all-time high. This year alone, Oracle’s shares have appreciated by an impressive 54%, making ...
SEBI Sets to Form Committee to Address Employee Demands The Securities and Exchange Board of India (SEBI), the market regulator, has announced plans to establish a committee that will consider the various demands brought forth by its employees. This committee will include full-time members of SEBI and aims to improve performance tracking systems as well ...
Government Reduces Windfall Tax on Crude Oil to Zero In a significant move, the Government of India has announced the reduction of the windfall tax on petroleum crude from Rs 1,850 per tonne to zero, effective from September 18, 2024. This development follows a series of adjustments made in response to the fluctuating global oil ...
