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 ...
Responsive Industries: A Stock Worth Watching For investors seeking promising opportunities in the stock market, Responsive Industries Limited presents an attractive option. The company has garnered positive attention from various brokerage firms, underscoring its significance in the construction sector as a leading supplier of PVC membranes and synthetic products for numerous government projects in India. ...
Overview of Oswal Pumps IPO Oswal Pumps, a Haryana-based company specializing in solar pumping solutions, is set to enter the public market by raising funds through an Initial Public Offering (IPO). On September 17th, the company filed its draft papers with the Securities and Exchange Board of India (SEBI). This IPO consists of both fresh ...
Promising Returns for Sovereign Gold Bond Investors If you are one of the fortunate investors who purchased units of the initial series of Sovereign Gold Bonds (SGBs) five years ago, there is great news to celebrate. The returns from these bonds have notably exceeded expectations, doubling the initial investment. As a government-issued financial instrument, Sovereign ...
Northern Arc Capital IPO: High Investor Interest Northern Arc Capital is witnessing impressive investor enthusiasm for its Initial Public Offering (IPO), with subscriptions reaching an astounding 9.99 times by the end of the second day. The IPO has garnered bids for approximately 21.45 crore shares against the 2.14 crore shares available, reflecting robust demand. The ...
Overview of the Incident In a shocking turn of events, pagers belonging to members of Hezbollah—a Lebanese organization backed by Iran—have exploded simultaneously, resulting in a tragic loss of life and a substantial number of injuries. The blasts, which took place primarily in Lebanon and parts of Syria, have claimed the lives of at least ...
Fintech Growth Surge: Navi Rises in UPI Rankings In a remarkable turnaround, Navi, the fintech company founded by Flipkart co-founder Sachin Bansal, has emerged as the fifth-largest UPI (Unified Payments Interface) entity in India. This achievement comes as the company has dramatically surpassed Amazon Pay, showcasing an impressive growth trajectory in the competitive digital payments ...
Overview of Quality Power Electrical Equipments IPO Quality Power Electrical Equipments is gearing up to raise funds through an Initial Public Offering (IPO). The company has submitted draft papers to the Securities and Exchange Board of India (SEBI) on September 16, aiming to generate significant capital for its growth initiatives. The IPO will comprise fresh ...
Manba Finance IPO Overview The much-anticipated IPO of Manba Finance, a non-banking finance company (NBFC) based in Maharashtra, is set to open its subscription on September 23. This marks the second IPO of the week, with the company aiming to raise approximately ₹150.84 crore through this public offering. Investors interested in participating in this IPO ...
Arkade Developer IPO Overview On September 17, 2024, the IPO of Arkade Developers garnered significant attention from investors, showcasing a robust subscription rate on its second day. With a total subscription of 16.21 times, this IPO has attracted bids for approximately 38.53 crore shares against an offering of 2.37 crore shares. The company aims to ...
Recent Performance of GPT Infraprojects Shares On September 17, GPT Infraprojects Limited (BSE: GPT) witnessed a notable upswing in its stock value, climbing as much as 2%. The shares concluded the trading session at ₹161.80, representing a gain of 1.31% on the Bombay Stock Exchange. This bullish trend comes in the wake of the company’s ...
Kotak Group’s Ambitious Move into Private Credit Kotak Group, renowned for its financial services and led by the prominent billionaire Uday Kotak, is set to make significant strides in the private credit market. The group plans to launch its inaugural private credit fund this year, aiming to raise approximately Rs 1,000 crore. As a key ...
Krishna Chandra
