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 ...
Easy Trip Planners Expands Into Medical Tourism Current Stock Performance: Easy Trip Planners, the parent company of the renowned online travel service provider EaseMyTrip, is making significant strides by venturing into the medical tourism industry. Recently, the company’s board approved a proposal to invest in two healthcare entities: a 30% stake in Rolnid International for ...
As the financial world eagerly anticipates the Federal Reserve’s upcoming decision, gold prices are experiencing a slight downturn in the international market. Following a record high of $2,617.35 yesterday, gold on the COMEX has fallen below the $2,605 mark. In the spot market, prices have dipped below $2,580, marking a $12 decline from its recent ...
Wholesale Inflation Sees Notable Decline in August Recent data has provided some welcome relief regarding wholesale inflation rates in the country. As of August, wholesale inflation has dropped to 1.31%, marking the lowest level in the past four months. This rate is a decrease from 2.04% recorded in July. The data was released officially on ...
Rekha Jhunjhunwala Portfolio Update: In a remarkable turn of events, shares of Geojit Financial Services saw a significant uptick of nearly 5 percent in early trading today, primarily driven by the anticipation surrounding its upcoming rights issue. However, as the day progressed, profit booking set in, leading to a decline of more than 7 percent ...
PN Gadgil Jewellers IPO: An Impressive Market Debut The much-anticipated IPO of PN Gadgil Jewellers made a striking debut on the stock exchanges today, capturing significant attention from investors. The initial public offering (IPO) was priced at Rs 480 per share and garnered an overwhelming response, being oversubscribed by more than 59 times. This led ...
Introduction: SpiceJet, a prominent player in the low-cost airline sector, is making headlines as it prepares to raise significant funds through a Qualified Institutional Placement (QIP). This strategic move is aimed at enhancing its operational capabilities and financial position in a competitive market. Let’s delve deeper into the details of this fundraising initiative and the ...
Understanding the New Timeline for Bonus Shares as per SEBI Regulations The Securities and Exchange Board of India (SEBI) has recently revolutionized the way bonus shares are issued to shareholders. As of October 1, 2024, investors will experience a more efficient process that significantly reduces the time it takes to receive bonus shares. Previously, shareholders ...
Concerns Raised by Union Finance Minister on Stock Market Speculation Union Finance Minister Nirmala Sitharaman highlighted the increasing need for caution regarding speculative activities in the stock market, specifically concerning futures and options trading. In a recent discussion with Network18 Editor-in-Chief Rahul Joshi on the ‘Chaupal’ program aired on News18, she emphasized the importance of ...
Government’s Decision on Custom Duties: A Boon for Farmers in India The recent decision by the Indian government to adjust custom duties on various edible oils has sparked a wave of optimism among farmers. By increasing the custom duty on crude palm oil and refined sunflower oil to 20% and 32.5%, respectively, the government aims ...
India Responds to Iran’s Supreme Leader’s Remarks on Islam and Minorities The Indian government has expressed strong disapproval of recent statements made by Iran’s supreme cleric, Ali Khamenei, concerning the condition of Muslims in India. The Ministry of External Affairs (MEA) issued a formal statement characterizing Khamenei’s remarks as ‘ill-informed and unacceptable’, emphasizing that his ...
Overview of Eraaya Lifespaces’ Remarkable Performance Investing in multibagger stocks can lead to significant profits in a short time, attracting many investors towards them. One standout performer in recent times is Eraaya Lifespace Limited. On September 16, the company’s shares surged to an upper circuit limit of 5 percent, closing at an impressive Rs 1,620.20 ...
Boeing Halts Hiring Amidst Historic Strike Boeing, the global leader in aircraft manufacturing, has recently announced a significant pause in its hiring processes. This decision comes in the wake of the company’s workforce of 33,000 employees initiating a strike, marking the first major labor stoppage at Boeing in 16 years. In an effort to navigate ...
Finance Minister Nirmala Sitharaman Addresses Allegations Against SEBI Chairperson Madhabi Puri Buch In a recent interview with Network18 Group Editor-in-Chief Rahul Joshi on News18 India’s popular ‘Chaupal’ program, Finance Minister Nirmala Sitharaman spoke in defense of SEBI Chairperson Madhabi Puri Buch and her husband in light of the allegations raised by the Congress Party. Sitharaman ...
